Could be all true. Or ..... not. See we aren't developing it for anything. Google USAMMRID .... and then when you have read you will realize that they aren't going to tell you specifics to know if that report was correct or not.
Forget the chart for a second, common sense aught to tell you that 5 X resent daily volume to the upside, after an exhaustion gap down, on a strong down day in the market should have removed SIGNIFICANT over head resistance to move higher. And the close was a new annual high right at the top. Better call NASA for tomorrow.
I figure this is for Peramivir if and when it is approved. And if that is true, then maybe the August window for approval is correct.
Strange how we form different opinions on what we see.
I would term today one of "controlled distribution" as the stock consolidates this last advance. I say that because the large blocks of stock are not being blown into the market as often as the first run up and the selling is orderly. But it is still being sold.
This stock is at a null point and must break up to avoid breaking down. The next two days will tell and it will be market driven more than the aspects of this stock. IMO. Market does well, we move up.
Sentiment: Strong Buy
Sometimes life can get just too complicated. Sometimes trying to track down every barrel or follow each and every turn of the drill bit when we aren't there can cause more .... anxiety for "investors" than it helps.
Was this the CC? No. This was an operational update and an apology for misestimating the BOE / day which they missed by a positive 312 / day. Now, you know they are going to beat on the top and bottom lines when they report Wednesday morning.
Sentiment: Strong Buy
You bet. And that extra 312 BOE / day over what was forecast for this past quarter means it wasn't factored into the earnings. This will result in a beat on the top and bottom lines.
Sentiment: Strong Buy
Now some guy walks into Mt Saini hospital in New York thinking he has Ebola. Just because he was in West Africa not too long ago.
Sheeeeeezzzzzz. They keep this up and we are headed for the moon. Better call NASA.
Great volume day, but the minute it sputtered, so did the enthusiasm and out came the sellers which was institutional. If tomorrow ain't up, it will be down aggressive because I figure that we shot the volume wad today.
At least that dam double top is broken.
If not him, somebody said I would like some. Could be a 3 million share day. Then it makes the papers tomorrow for an annual high and .... this could get.... beautiful.
I didn't think so and even the article was skeptical. The point is the reaction that it garnered and the way the media is starting to support it.
Fear is out there .... and building.
They keep telling people to relax, which just ruins their credibility. How and why is this spreading differently this time? Is everyone that comes up positive for Ebola playing with bodily fluids or fecal matter when they have been told for 40 years NOT to? So I think this strain has morphed and they just don't know how it is spreading for sure.
This aught to push the panic meter up a little now. Going to be interesting meetings starting tomorrow.
Don't normally buy bios this time of the year, but the group is showing strength. EXEL. Try to look past the history, great pipe with 5 on going phase three Cancer trials for Oncology and Melanoma of which Roche / Genentec is filling for approval in Europe already. 1 drug approved just started selling this year at it is gearing up for sale in Europe too. Roche results published the end of Sept at some conference and two more trials wrapping up. 51% short interest and these guys have deals with several big names if the buyout rumors fly.
Nice chart too with some time to get in. No rush on anything in this market. (unless it reverses) :)
I understand. But MFI tends to lead RSI on the way down and lag it on the way up. Accumulation can be hidden in lower volume increments which means that it will move independent of RSI both ways. You will often see this indicator peak and turn down while prices (and MFI tend to point upward and it's good to use for support areas after the run too so that you can calculate support.
I believe that BCX 4430 could be a huge boost beyond reason at some point this year.
Pull up a chart and add an accumulation / distribution line to it. (exciting) Without getting into too much detail, you can see that it has been rounding up for the last 6 months and is now well above the levels that drove us to the $13 level. What does that mean? Nothing. Unless the stock does break out to the upside. Then everything.
This stock has had a high beta and often gets too far ahead of it's 10 day moving average. And that is what attracts the short term sharks because it is quite profitable to trade back to the mean. I didn't short when I sold but made (saved) enough which allowed me another 500 shares.
When this does break up and that could still be a couple of months away, (or Monday for that matter if the market just settles down) the beta is going to increase dramatically again and you will see larger daily swings that "the chart" may tempt you to trade, but I would recommend against it as the chart will become .... unreliable with a stock this small under that much accumulation until much higher price levels flatten out the line.
As Jack would say, a chart event is .... close. Which may mean a news event is too. Or a confluence of news events. You guys taking buyout are thinking too small if you just have patience.
There are many excuses by the talking heads, but the truth is Europe is going on vacation for the month of August as it ALWAYS does. With so much geo-political events overhanging, people are selling so that they can go relax and not have to worry while they are gone. So I expect that about mid week of the next, that selling pressure will subside there and the talking heads will come up with excuses to explain reality.
And we are following Europe.