News was leaked a day earlier. Market was getting pummeled and we rose on HIGH volume. Loose lips!! Nonetheless, great news!
It tells me that some short-sighted traders are gifting their shares to the BIGS!!
Letitgrow, you might be on to something at this level. I had a buy order in at $3.65 for 3K and it still hasn't filled?
Normally would agree with you towards the down bias as daytraders exit, but this volume has been off the charts and has to be absorbing some of the "sell on the news" crowd, don't you think?
I agree about CERS, cedarburg, but CEMP is a steal at this level!! At least we agree on ONE thing! Been in CERS since the $3's.
NOTHING is bouncing ...
Guys, take a look at CERS. I mentioned it here awhile back. Lots of upside there, imo!
When do the MMs run out of $6.20 shares and move us on up. If it weren't for the #$%$ market, we'd be at $8 right now. Should have launched from the $6.50 range when we were here a few weeks ago.
Nearly 6M volume in 2.5 hours? Ya think there's some demand here? Shorts can be covering stealthily under the cover of this off the charts volume. Lucky them!!
Where it might get interesting is a "pop" in a small-cap biotech is almost always greeted with new retail shorts thinking it will simply retrace after the "sell the news". However, CERS is a different story ... we'll see.
Because the MMs collected shares FOREVER down in the 5.20's knowing news would be coming soon and now they are handing them off to all of the buyers here nearly 20% higher! Let the flippers have their fun ... this was one of the biggest milestones we were waiting for .. add in ZIKA exposure and we're sitting on a keg of dynamite! Patience!!
When will enough be enough and they will let this seek higher levels? Is this controlled covering?
CERS has been bucking the IBB recently. Check out their INTERCEPT product for preventing transmission of disease (think ZIKA) via transfusions. They were on a roll with acceptance before the ZIKA news. fwiw