I didn't know anything about the law suit until today. It's no wonder big money kept selling into strenght on any pop.
I 's sold all my shares this Am.GLTA
PS check out PSUN.I think it could be a 10 bagger =$3 PPS with a MC $ 200 MM ,1/4 of revenues .
MC $ 20 MM with $ 800 rev ,
Debt $100 MM but it 's managable with close to $90 MM real estate. They closed unprofitable 6 stores and opened 10 new ones.Please do your own DD.
Everybody knew that they will have $ 18 MM on their book yet the selling kept the lid on the PPS .I bet not many knew about the law suit.
ANF has a MC of $1B + with a negative cash flow.
I still have a 6 digits short position on ANF .
and have 100K shares av .30 here.Yep i did my home work.GL
ANF PPS is controlled by a handful of hedge funds.
The herd mentality will buy in when PSUN run up 100% .lol
I had my grands kids check out the stores in cities where they live and were told that the foot traffic are looking good.
They like their styles yet would not get caught wearing ANF clothes ,.lol
Big money kept selling into strenght. Something is not right.
Don't chase it cause it will retrace back to 1.18-1.2 .
This thing should be in the $ 4 -5 already.IMO
They can have my shares at a minimum of $3 PPS . ;-0).
I made a killing on stocks similar to PSUN , ie ;ASYS, TA and of course KMART.
A small bio cap stock trading less than 10 X earnings, ?What's wrong with this picture?
The market has to aknowlege the discrepancy soon or later.IMO
Do your own DD .
and got rid a dead weight chairman and his salary.This thing should be in the $ 4-5 PPS already.IMO
Read their news!!!!!
It could run today.
I've been in the game for 30+ years and never seen any stock behave like this one.
All the good news fell on deaf ears.
A bio stock trading less than 10 X earnings ??? Are you kidding me???
I don't think the company would let him selling into the open market.,Normally they would do it with some funds or private investors.IMO
You do realize that almost all of the volume the last couple of weeks has come from algorithmic trading. Just look at the buy and ask volumes, no retail investor is buying blocks of 100 lots on a $1.20 stock .
MM’s\Algos are keeping this deliberately low to frustrate\scare owners into selling, so they can own the shares at a discount. IMO