You can't understand it if you haven't been here long enough. We were here LONG before any insurance coverage or acceptance. We were here when those things were just promises made by Matt in CCs. It's a small float stock with lots of shorts ... they wielded unreasonable power. We've ALWAYS maintained that TROV is undervalued given the technology, IP and cash. Being run down from $13 to $3 is more than a "few pennies". Do what's best for your bottom line and let others do what they deem appropriate without the ad hominem attacks, please?
More accumulation ... just higher! Spikes only invite shorts! Now, what about that pesky opening gap? Some of us longs suffer from Stockholm Syndrome! ;-)
Just a friendly suggestion before you accuse people of multiple i.d.s or insult those that have been in TROV long before you arrived ... perhaps sit back and just read the board for awhile and you'll get a better feel for who is who and what, and what not to, expect as far as the way TROV trades. Most of us have been around the block with this thing, so we're not shorts cloaked in longs clothing or trying to pump, etc. For the most part, it's a very low-key, friendly board. Welcome!
Agreed ... it cost them 20K shares (roughly $100K) and now they've sat and collected shares at the 5.10 level all day long, which in turn they can let loose of at higher prices. Nice gig, if you can get it!
mannchris has already explained that he holds a core at all times and he has been here a long time, offering solid discussion No harm! I agree there's no real selling here ... but our short have always been able to walk this down, seemingly, at will. ???? However, we are seeing higher highs and higher lows ... stairway to $10?
Looks like you made the right call, MC! Think I'll set a buy order down there and see what happens?
Still being "managed" (nice word for manipulated) ... when the market opened up, and "whoever" ran the stops right out of the gate, it was apparent that shares were being harvested, once again, by our crafty mm's. As I said, this isn't the same old TROV that they're going to be able to walk back down. There's a new game afoot!! $150M mc? I think not!
I was thinking the same thing ... I'm suspecting some dilution is in the works ... only thing that explains the exaggerated weakness. Takes $ to make $$.
NEVER set stops in TROV ... they'll steal them while you're not looking! Granted, in the past it was normal/expected TROV would give up its gains. This ain't your grandfather's TROV ... we're lining up providers and who knows what else?
Thanks for the recap. I'm not so sure the actual revenue is going to be that big an issue, it's more about the idea that revenue stream is starting to flow!!!
Looks like they are going to run 'er up the flagpole again. Hopefully, this time we climb over $7 and stay there!! Onward and upward! Haven't seen any "lids" on the ask, like usual, today.
And you can buy it at $16.50 all day long ... it has bounced there innumerable times during the biotech meltdown. What's not to like here at these levels?
Sorry for doubting you, BW ... your post just sounded a lot like you had re-evaluated and, perhaps, moved on!
What caused the market to turn around? I put in a little 1K buy at $4.90 and I see it filled, along with our little opening gap! Slow and steady back to $7 and beyond?