Just checked the 6 month trend line and we should see a bottom about $14.10 so we are almost there. Even if we break the trend the 100 DMA is right below at $13.80. That would be a 20% correction from the 52 week high and will surely lead to a quick recovery. I feel we have about two more weeks down here to complete the drop and than it's up and away. Gotta find some more cash at these levels. Bargain basement prices.
Shorts are throwing everything they have at this right now to break this down below key technical levels. There is no negative news, earnings will be uneventful this week, options is not for a few more weeks and this is shaping up for a sharp "V" type recovery back to $16.50 level within a three day time frame. Just don't know when it will start. My guess is early next week. Most people that were looking to add did so last week between $15 and $15.50. No long powder left so low volume shorts are walking this down with little resistance right now.
So many people on this board think any PR announcement will make this stock rise and make them millionaires instantly. They need to get a clue about how things work with bio-techs. How's that PR working for you now? Rich yet? The gap up in PM has been closed and is shown the news to be worthless. People think press releases like this are noteworthy and make you all kinds of profit. Don't spend it all in one place!!
And what press release are you referring to?? Jeremybates15 makes large profit in KERX, everyone bow down and pay homage. Does that press release work for ya??
I pass many e-mails on to others w/o reading them. Don't be so sure he read it. That was just to make you feel important while me e-mail will do just the opposite.
Don't spend it all, remember your 50% short term gain tax liability. Uncle Sam won't! He'll ask you for it after you've spent all your profits and then the pain will set in. Short term swings can kill the mood if you do it too often.
Look who's back in force?? Must need a bump here to cover a loss somewhere else??
Let them have their fun going into the weekend. Things will change soon. The 5-day chart kind of eluded to another downturn. The chart started to round off just about the time the broader market started to get top heavy again. Not sure where support is be we are getting close once again.
So I repeat myself. Who cares. They are just another MM that will buy up this little tird and move it up and down at their whim for their gain only. It wouldn't make sense to own the firm outright because you can't manipulate it then.
AH press release leads to 11% increase to $3.80. Gets suckers to invest in PM. Then we open at $3.75 and drop slowly all day wit an organized short down to previous days close +$0.02. Not bad manipulation. Cause an 11% false rally and then short back 10% for a 21% gain in less than 24 hours.
Wouldn't that be a hell of a headline to read one morning!
Speculation at best. We don't know why management is doing (or not doing) what they are doing but either way, they do not owe it to us. It's their business and we are just small pawns in their game. We will know what they want us to know the second they want us to know it. That's the truth!