The key will be to hold it at the close? We seem to struggle at the end of the day to hold the gains. This could be a small bump in hopes to make the post earnings take down more significant for the shorts. Have to watch out for a positive article soon from one of the usual suspects to try and lift the stock before earnings. Seen it before too many times.
Path of least resistance has got to be down from here. Shorts want their money back and will not stop until they get it. Unless there is a BO, this stock will start to drop tomorrow after lunch. All the covering is done by now as the price has been flat for several hours now.
We hit it quick and drop even faster. Hopefully we can break through that soon because as everyone knows and should expect, earnings will not be anything to right home about and will most likely be viewed as a negative. We added more debt with the new office since last quarter and have not received any milestone payments nor have we generated any sales or revenue yet (obviously). Watch out for another bear raid around earnings release, unless they couple the Japan results in the CC.
Puma (PBYI) received great stage 3 trial results for it's breast cancer drug and popped close to 300% this morning. We had statistically significant results as well and did go up 100% right away but have traded sideways ever since. What makes that stock so much more active than ours? They closed yesterday at $59 and opened today at $217. On analyst mentioned a BO coming soon and a price target of $292. Are they just a bigger market than "Z"? Millionaires were probably born this morning with that type of news. If we even bumped up another 100% on FDA I would be happy.
What a daily gain over 200% just like that. Shorts must be screaming in pain. When the euphoria dies down, look for this to be shorted big time to allow shorts to make something back. What a gap up to wake up to??
I am so glad you keep sharing this brilliant investing advice. $0.20 here and $0.20 there, you're rocking it. Did you make a whole dollar yet?
until the August options shape up. Then you need to trades around them. FDA will let MM get one more monthly play session before delivering the news that we will be at $20 real soon!!
I think $13.50 is a given at the open. If market is down big early and earnings are poor, look for retest of $12.80 quickly before noon. Options really want to beat $15 but we just aren't gonna get there this month.
It's amazing how those MM do that. They must think approval is near because by taking down the price this hard (close to $3 in a few weeks) they will guarantee the approval price will stay below $20. Even a 50% gain from here just about gets $20.
What about those who set the limits that allow their shares to be stolen? Don't they have any accountability here. If the shares aren't available to steal the PPS does not drop.