People that bought between $5-$8, are now deciding to sell at $4.40 because of one person's SA article? (a person that happens to be short). Not the smartest investment strategy if you ask me.
Everyone over there still very positive--the long-term holders don't seem to be the slightest bit concerned as teh ruling was extremely postive last week. The reason for the decline you ask? 2 reasons: 1) the short-term traders don't want to wait around for the final ruling, 2) the technical traders were shorting it because it breached it's 52-week low. What those folks don't understand is that VHC is like a biotech stock---you can't trade it on technicals over the long-term, as one piece of news will catapult it. Shorting could potentially be suicidal.
About 45 minutes ago, it spiked on on big volume all the way to $16.80. Now they have been bringing it down in tiny lot sizes all the way down to 16.25 making it appear like it's not having a big day---but there has been no volume in last half hour!!
Looks like it actually just started to run a tad now (in past 5-10 mn). If it crosses 16.50 then the covering will probably begin to start.
Everything sounds great to me, no? Anyone know a specific reason why it's been trading down the last few days? (a little confused here). What has changed in the last week to warrant a 60% haircut from the high of last Monday? I understand the old "sell the news" theory, but seems a little oversold now.
Yes, that is what caused the runup. It's nice and all, but the company announced in December that it's going to declare bankruptcy sometime in the 1st quarter (which is now half over), so the good news is going to be fairly short-lived. The only thing you can do is daytrade it---the announcement will come either before or after market hours, so you can't be long at 4pm on any day--it's like a game of Russian Roulette---might not get the announcement till March, but do you really want to be long on the day it comes? And if anyone has heard the bankruptcy might be delayed please let us know (I would think the company would have had to disclose something major like that or face a huge lawsuit).
Are you for real? Are you always this wrong---the exact opposite occurred. After your post, the stock increased near it's high of the day? Just pathetic. Are you one of those paid bashers? It's almost impossible to be this wrong. You have lost all credibility in my book. (not sure if you ever had any)
Company still going bankrupt in 1st Q (per their own press release in Dec). It won't finish the day over $5---these are just traders that don't know the history trading it up early. In a few hours (if not sooner) the entire gain should be pretty much gone.
Maybe him (don't know much about him), but my point was more of a general one. You have to admit, Uni-Pixel escaped the market correction from last week completely unscathed. I think that is saying something. Looking fine today too. Be nice if we can take out that block at 10.09.
Don't think you're the only one Salvak. Market had it's worst week in nearly two years last week, and UNXL was basically flat during the bloodbath.
Thanks slim. So in that sense, I am thinking this is probably a good price-range to accumulate some more shares, no?