Ryman, why are you still here? This company isn't, hasn't performed, always disappoints. Can a tiger change its stripes? My last buy was $1.96, I sold for a profit and now it's back to within a dime! What time can be wasted here, is there something good anticipated? Again?
The stock is currently broken after the last Q report and will carry a taint until that has been cleared by good numbers. It may stay down until Q3 report if nothing good in Q2 comes out.
As regards your question, O'Neil Trader in his SA article said that there is risk of more negativity coming out in the Q2 ER, but he said he's quite sure going forward we will see (vast improvement--read to see what he says). I don't have a personal opinion and I am not danwienle. Good luck in your investment here, to us all!
Don't overlook our large 54% institutional base of holders, the large insider positions and then what retail holds. The actual float available to them to cover is shrinking. If you have time, do some research to calculate it, you will find they are getting themselves overextended in their greed.
They don't have billionaires sitting on the board who hold massive share positions, they exert a force, but it can and will be overcome. You overstate the impact of a large short position, and it can even swing to an advantage for longs, once they find themselves trapped with no shares being offered in large blocks.
We all are tired of the downtrend, and that's exactly what the purpose of this manipulation is, to demoralize longs and get them to capitulate at the lows. Shorts have increased, so it's been said here tonight, and that makes sense. Today after yesterday's rally, they pushed it right back down to (they got lucky with the indexes selling off hard) show they are in control. That they have overplayed their hand will eventually be shown, when the Company has substantive trial news to report. I ask you to look no further than the recent example of SGYP to see what happens when shorts get caught and stay too long. They eventually are trapped and lose all their profits, and their position swings to a large net loss. That will happen here in time.
Looks like today (Friday) being a very tough day for our stocks in biotech, was the retest of the lows. I think it's going to be back on a positive track next week, enjoy your weekend people!
At worst we were what, .29 down today, now only .13, holding onto some of our gains from yesterday. Would be an amazing show of strength to close green but I'm not placing any bets on it. Nevertheless, a decent day in the life of an 'Iderian'.
I'm glad you decided to continue posting, this is good information for your brethren here, I thank you. BTW, that microcap AVXL, you should have a look, they released data this week at the Azheimer's Symposium and have been on a tear since. I've doubled my money invested there in a few months time, the CEO was just awarded a nice stock bonus for meeting their internal targets, the stock has rallied strongly this week.
Even more of a steal this morning at 5.24. I've stopped adding, it keeps exceeding on the lower limit my lower lows as to where I think it should have found support. Relatively speaking, it's a small position for me and appropriately so until management proves it can turn it around.
Hey Allen, why not speak freely and continue posting on this EW theory and whatever you choose. Don't let one poster intimidate you from doing so, there are other people here who don't understand EW and won't listen, but I for one am interested, and would appreciate your continued view on same. This is a free message board, expressing one's opinion is what this is for, he expresses a different opinion, and that's OK too, it's not for either to say who's right.
OK, they took our gains back from July 21st, but today we have another shot, now up .04. I added my last 1,000 shares this morning, now holding 30K shares and they are locked down for the long term hold. Even so, I am in the red but it's easily recovered by longs holding their shares, shorts will eventually overplay their hand and we will rise as our Company executes on it's initiatives and we distance ourselves from the mistakes of the past. People, the time is now to firm up your convictions, buy shares if you can, and hold for the other side of this chart, about to unfold.
Bio, you see the overwhelming response to you not letting them win by your stopping your posts. I also see a broad support of your following. By quitting, you lose double, letting the imposters win and letting your fellow posters down. I say stand up to them, ignore them, and continue posting. Thanks for your expertise here, don't let them win.
Fighting back, after the big push down, now 3.85 and rising through it. My first thought this morning was "wash, rinse, repeat" when I saw the first 45 minutes. Maybe this time is different, we've seen more ebullience recently when they push us down, we fight back and close green? Close green today against the backdrop of weak IBB, that's a tall order, we'll see. Hold your shares tight, this time is different.
Thanks Allen, I agree with your technical view that we've now seen it bottom, and also after today's move, that we're headed up. We are now well positioned to have a strong technical move, ER and later catalysts will dictate how far (and how fast) we go. Hope your conjecture on Whittaker's departure turns into a big positive, none of us have any way of knowing but I am full of anticipation to see it unfold. Good luck. Glad we didn't go lower, Ruswise may have panicked out to greater peril of his shrinking capital.
What has it helped? I don't know anything for certain about this stock, other than it being range bound and down 6 cents since I bought it last December. I won't add more risk to this kettle of fish. I've done my DD and that said, it's more of a #$%$ shoot than I figured and there hasn't been any run-up whatsoever. It may help you feel like you're doing something positive, and if that works for you, great. We are still in a symmetrical triangle consolidation, now hugging the bottom support. If we get to the upper line, it's 5 cents higher and I almost break even. Where's any PR or update on our chances for success here?