Actually, any shares in a margin account can be used by the brokerage for shorting. The only way to avoid it is have shares in a cash only account or take delivery of your stock certificates (a real pain). If the story is solid, no worries.
Market cap is only 115M ... at $3, it would be in the $250M range.
Slow bleed continues ... Why? Because it CAN! Markets can remain irrational longer than we can remain solvent is the old adage! Pepsi was right ... we need a big FLUSH to get rid of the weakest hands and some shorts to cover ... capituation OR a very upbeat and positive report! I'll take either!
Gee, "Rebecca" ... you bash away at MDXG and now you're their newest cheerleader? .05 a post, me thinks!?
That is the beauty of the market. You can sell RIGHT now and buy some PCLN. "Just do it"!!
They are trying to break the $3.34-ish support level, imo. Been down here 4 times in the past 20 trading days. With no real buying interest, they might succeed. Even though markets have had some up days, the market still feels very tentative! We need a whiff of news!
Even though markets have had up days, the underlying sentiment is very tentative. Summer doldrums? I was thinking last night when we were down here last time ... wondering what it would take to breach $8. Then came the announcement that Bridger had bought in at $6.75, I believe, and like a slingshot, we were off, not to look back. Now, we've learned that more big investors wanted "in" and we are back to clinging to $7? Markets are irrational!
According to the Nasdaq a/h site, it shows just under 150K shares traded. "Who" was the 205K block at the end of the day? Are some shorts covering ... these biotech blues are getting old! ;-)
KNOW what you own so that when the market tells you otherwise, you can take the emotion out of it and take advantage of it. There came a time in the recent weakness that I almost hoped for lower prices ... it's getting ridiculous here. $7? Oversold/under-valued!!!
Listing Requirements for All Companies
Each company must have a minimum of 1,250,000 publicly-traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more then 10% of the company. In addition, the regular bid price at time of listing must be $4, and there must be at least three market makers for the stock. However, a company may qualify under a closing price alternative of $3 or $2 if the company meets varying requirements. Each listing firm is also required to follow Nasdaq corporate governance rules 4350, 4351 and 4360. Companies must also have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.
They've got that much in cash! And it is trading on forward-looking projections. $200M market cap is far from over-priced!! PLS stop embarrassing yourself!
Exactly, bob ... overall market sure has helped out. Helps to have friends in high places, eh? Making $$ both ways!!
Turn out the lights, will you?
So, let me be the first to say, let's ignore them! Use the feature ... you'll be glad you did. They always crawl out of the woodwork when stocks are being hammered. Funny thing, they didn't say a peep when we were over $10 on offering results. Boy, talk about taking the stairs up and elevator down! Relentless!! This, too, shall pass! I'm grabbing THIS falling knife with both hands ... ouch! Thinking further out than 4PM today on this! Analysts reiterating buy recs, successful share placement, over-allotment ... stellar mgmt. Blue light special!!