Well, I got greedy, too, in the $4s and low $5's. Now they can try to find shares to cover ... they aren't getting mine!
It went down for days on end? And, now it can reverse and do the opposite since the "mob" got their shorts covered. This is exactly how that run to $13+ occurred. Relentless buying ... no shares! Climb aboard ...
Sounds logical ... a little good news, of course, and we're off to the races! Been consolidating down in the $5's for a long time. Let's get back to the last secondary level and launch from there! It's percolating!!
Not so fast ... We know "they" can drop it on little volume pretty easily. I'm thinking we will give $5.70 area a couple more tests. No worries ... Nice volume on Friday with the move up. Time for the "bigs" to make more money now on the way up after shorting us into oblivion!!
Grow up ... I have one i.d. and there's much more to most peoples' lives than intrigue over who is who on a yahoo message board!
If you will remember, this was trading over $10 when the secondary at $8.75 was closed. At the same time, the whole biotech index was being shorted and sold heavy. Many stocks have seen their market caps cut in half or more ... it is not unique to TROV. CLDX was trading over $30 and fell to under $10 ... as an example. There are many others. I still think this is one of the better longer term stories to be had in the market and at $5 and change? I can wait!! My tone was not meant to be condescending, just realistic.
For someone who was "sold" on the company and their prospects, you sure seem hell bent to cast a very negative slant on the company, irrespective of the sector it's in and trades with. Seems odd if you still own shares.
Head outside on a nice Fall day ... stop watching. It's just the robots trading biotech lately, anyway!
Buy at $5.20, sell at $5.70? .50 on 5K shares makes for nice pocket change! Nice gig if you can get it!! How many times have we watched it? Pretty tempting!!
Some are scared longs that sold and had to chase, some are day traders looking for the .20 move both ways, and then some know what they're getting for under $20 a share. I didn't get the LOW on Friday, but close enough and will add on dips. This was one of the most misunderstood reports and biggest overreaction. The market had already priced in slight disappointment when it sat at $27!
Now that's a ticket that would have been fun to see! Have seen them both solo ... Had Merle on my "bucket list" and saw him this summer! He's still sounding great in his late 70's! Sorry OT!! ;-)