Technically the stock is in good shape, sitting on support with no resistance above and plenty of shorts needing to cover eventually with news events coming up shortly. It's primed for a rebound.
BULLISH Probability - Intermediate trend bullish, Uptrend.
Probability - 1 Day Price change extreme down, may pause/reverse
Probability - Short term strong pullback, pullback may start to slow.
Confirmation - Extreme bullish 1 day moneyflow
Confirmation - at support
BEARISH Confirmation - Strong bearish 3 day chart pattern with Extreme 3 day distribution.
CURRENT PRICE 1.86, at support, 1.8 ± 0.07, type Triple, strength 10
RESISTANCE ABOVE None.
SUPPORT BELOW -9.7% at 1.68 ± 0.06, type Triple, strength 10
-18.3% at 1.52 ± 0.06, type Triple+, strength 10
-28% at 1.34 ± 0.05, type Triple+, strength 10
AF said in an article that it is fun to be controversial criticizing stocks as if it was just a big game for that sorry excuse for a human being, let's see how much fun it will be when lawyers and the SEC descend on his sorry ass for his libelous piece yesterday.
Babcock is an idiot who should get off his high horse and defend his damn stock against such lying articles. He owes it to the people/firms who bought his stock at higher prices. When the AF piece said Cs-131 was not endorsed when it clearly was that is worth a damn rebuttal PR out of his daily snooze time. #$%$ does he think he is, he's not busy running a multi-billion operation here, he's running a small company whose market cap just got halved with a sleazy hit-piece, that's $100m market cap that just went poof. Babcock should be fired for his complete indifference to shareholder value. IDIOT !
with someone with a backbone to defend his company against false slurs and talk to investors at CCs ? He sounded like a dumb teenage kid at the chat he just released. BOD should replace the spineless one.
The company can fix this tomorrow by giving a factual point by point rebuttal. CEO owes it to his shareholders to do that whatever his general policy is on the matter. Nearly $100m of shareholder value disappeared from the peak price of today, that is worth a one-page rebuttal out of his time tomorrow.
So CS-131 had the best results with the worst patients. In whose book is that a bad thing ? ;-)
He's TOAST, the SEC will see to that. As for this stock, it will rebound to over 4.
The only ones screwed are AF and any short-sellers he may be in cahoots with. Jail time is the usual standard sentence for illegal stock manipulation along with a hefty fine, no ifs, buts or maybes. What made his piece illegal was that he stated clearly the report did not endorse Cs-131 when it clearly did. That is a factual misrepresentation that has nothing to with subjective differences of opinion. The company then lost $50+m market cap after his false article came out, this is serious manipulative shte and those responsible will all pay dearly eventually with money and their liberty.
Well he has to change his policy as lawyer ambulance-chaser firms are now using that article as their reference point. Time to stick it to these manipulators with the real facts and early tomorrow please before any more damage is done.
EXACTLY, it is a positive endorsement completely contrary to what AF wrote. That is why he is so screwed, there is no legal defense to what he wrote as it was clearly, objectively, legally FALSE.
yeah this story has only just began, the mighty sword of justice will eventually smote AF down and this stock will recover to over 4. I am going nowhere now except to get some popcorn ;-).
Don't worry, this one is coming back in days/weeks. The action on this has only just begun, every last short is going to be squeezed over the coming days/weeks.
There is no suspicion about it, what AF specifically wrote was ILLEGAL and he will do TIME for it eventually.
Clear case of illegal stock manipulation, his goose is going to be well and truly cooked over the coming months/years of litigation. Stick a fork in him, he's done.
Good, this means the company will be forced to go on the legal counteroffensive now preferably against The Street. There was nothing misleading in the original company PR, Rosen & parasites just doing their normal fishing expedition.
I actioned an official SEC online complaint form. One way or another, he's going to pay for this. The Law is like the Borg when you break their rules, resistance is futile !
'endorse' and 'favor' are words that are basically interchangeable. There is absolutely no legal wiggle room on this one. Put a fork in him. he's done, it's just a matter of time before the Law comes a knocking.