There are two brokers, but only one with a price target (according to Yahoo.) If one broker pulled an earlier target and only 12 the remains, that would explain the perceived increase. Certainly the volume does not imply that anyone has increased the target over the weekend.
These are longs selling. They would have sold a couple of weeks ago, but were afraid to sell "at the bottom." At this point, they have come to the realization that 0 is the bottom.
Yes, instead of the usual sell into the close, we're seeing buying. Shorts may be getting nervous and are no longer able to buy to close on end of day downward trend.
At the current price, there's little incentive to short and potential long positions have been frightened off by the company's inability to get any traction in their cancer test market. Other companies have some news that encourages continued buying (or selling), but the only driver of ROSG price is hope. Hope is a lousy investment strategy.
Both of these industries are in a steady decline and there is strong case to be made for bankruptcy for several of the major players. Does this mean that coal and iron are the buggy whips of the 21st century? With the improving living standards in many parts of the 3rd world, you'd think that demand would be in an uptrend. After all, one of the core requirements to an improving lifestyle is access to electricity, and coal is used to produce and iron is used in the infrastructure.
While I agree with the sentiment, I wonder who would replace him. With company value driven to such low levels, we'd have a hard time finding and paying someone who was qualified from a technical/science perspective. Furthermore, it would take several months for the new leader to get his feet on the ground and in that time, company value would likely decline further.
With a stock investment, it is best to take a short loss rather than hold on and capitulate when the stock has gone lower than you thought it ever might. So it is with top management; if you don't see a positive trend in the first year, it is time to move on. Berlin has been in the position for 3 years? The BOD has held on to him too long. (If you want an example of a board that cut it's losses check out the history of HPQ.)
Footnote: That would be 54 million pre-reverse-split shares.
I would add social media to that group. Economy is shifting from a focus on stuff to services. There is only so much stuff that you want to have in your house and garage.
What sort of infrastructure? Shipping ports or roads? With the high dollar, that isn't going to help exports. The only reason the dollar is high is because the Europeans are even worse at managing the economies and the Chinese control the value of their currency.
Will that be to go?
Yes, as you can see, I've brought my own bag.
Don't you think it is a poor reflection of the American economy to see stocks like CLF slide to new lows not on US economic results, but rather projections for the Chinese economy? Let's face it, without China to buy our raw materials and buy our gov't debt, we'd all be in lines hoping to trade in our old phones for a sandwich.
Look at the billing and revenue numbers for the last report. There is a huge gap. That's why they are making a special effort at collecting for the tests they have sold. When billing and revenue come close to lining up, you'll have a better sense of how many tests are being conducted and PAID for.
BTW - That gap also accounts for at least some of the negative gross margins they reported.
Well, look at that. All of a sudden the 18K at 3.62 ask are gone. Did someone buy them? I don't think so.
If the SEC had some insight, they'd put a small tax on any bid or sell offer. 0.25 cents per share would either generate lots of tax revenue or put a stop to this sort of manipulation.
Someone bought at the asking price of 3.62 a few minutes ago and sure enough, there are now 19K shares offered at that price. Clearly no one expects to sell all those shares; they are just there to discourage any enthusiasm for ROSG. OK, it's just my naive opinion.
We don't need no stinkin' materials. Just give us a tiny, shiny, box and lots of pretty colors and we are happy, happy, happy!