Beep used to do this after earnings beats regularly. Was in it from sub $10 til buyout. It was exasperating sometimes because it seemed like the market wasn't "getting it" , until they did!! ;-)
Thought the MM would take this down to the $4.15 range, but yesterday it looked like it would not close. A good thing, technically, I guess!
so, the same re-hashed things they say with every oil stock on every cc?
So, the same rehashed bashes on every oil mb? Aren't you due over on the KOG board? Get a clue ... it ain't a sprint, it's a marathon!!
It's funny, actually. Some get scared into covering pretty easily when we gain any traction. Nice volume and green yesterday, so let's throw a large block out there on the open to dissuade any buyers and then we'll keep the pressure on with 100-500 block sells throughout the a.m. Tick tock ...
Don't you worry your little head about Kitty ... and just in case you do, the cost basis for those shares is well under our current level!
And to think our quiet little pond has now turned into a cesspool! Yuck!!
Gee, I bet all the analysts and institutions buying over $10 missed that Pen! Thanks!!!
Not sure, but I think it would be highly unlikely for any developmental stage biotech to buy back shares. It isn't seen as a wise use of capital, for the most part. Our share structure is fine, once revenue kicks in. If I were a betting person, I think we'd see more shares issued before any hopes of reducing the share count. That isn't always a negative if raising cash is being done for the right reasons. Look at MDXG today ... share offering and they're not down much at all. All about market perception. Of course, IF shares were issued we KNOW the resident shorts would have a field day predicting gloom and doom!
With all of the recent short articles, all I can say is it smacks of desperation!
Actually, pelo, if we're being realistic, TSRX did not behave like this. We got sold down from about $8 to $6.50 area and then never really looked back until we were in the $11 range. Right now, the market knows there is some down time here and ACRX has always been susceptible to low volume pressure, both ways. I plan to take advantage of the pressure, but I'm not jumping in with both feet as I've watched this happen before. I've got enough shares that IF something really positive happens, I'll be happy. But, if you are accumulating new shares or adding, do it incrementally, and take the emotion out of it. Risk/reward favors being long here! GLTY
Ah, WinGOAT ... I was here LONG before you ever heard about KOG. I just check in once awhile to see the fresh crop of Neanderthals that find their way here. First buys for me were in the sub .60 range! You?
Still think that the short thesis is backward looking. Yes, in the past ... but things have changed. Don't they believe in turnaround stories? How can the analysts be less than informed than these naysayers? What about the institutional investors that are climbing onboard? I guess you either "believe", or you don't.
Talk to those that bought MU around $7 this year! Yowza!!!
Not really a negative, imo. Only 5% dilution and they needed cash.
Really humorous to read and re-read the bashers prognostications. They've been the same since the $1 level. Wash, rinse, repeat ...these "experts" will disappear soon enough, too.
And, why would he say our margins are below industry average ... revenue to be below est. next qtr? Does he think all of our new hires will be twiddling their thumbs? Sounds to me like he is looking at historical data and, obviously, does not know the story here. Or, is he simply covering his #$%$ from the sell rating he had on the stock after learning how ludicrous THAT was? Lazy is right!