Are you kidding yourself?
Shareholders votes mean absolutely nothing. Management, in most BIO companies have special shares that have special voting rights that always give them at least a 51% voting edge. Even if every single shareholder voted NO, the company will win.
You were just kidding weren't you?
Because the price was at $1.11 for about 5 seconds and very little shares were sold from $1.30 down to $1.11 at the time. They could not cover. There is not going to be enough shares to cover unless shorts buy up shares which I think they are doing.
How many of the shares are untouchable?
Someone said institution went up to 42%. Manage owns how much.
Shareholders who are holding long own how much and traders are buying and selling all the time. There isn't enough shares to cover so until shorts buy up enough shares for themselves, they will not and can not cover.
I will not be paying capital gains for a long time unless I make a real killing. I inherited about $165,000 worth of AT&T stock. What you may not know about inheritance, unless the rules have changed, you get the stock at the price it is the day you inherit the stock. The problem is that you can not sell the stock for 6 months. The market crashed right at that time and the AT&T stock went from $165,000 down to about $105,000.I needed the money to buy 2 cars cash, and a room addition to my house. I have been taking a $3000 loss every year since. I did little to no trading from 2006-2011 when I went back to work a second time for AT&T. I do not make my living in the stock market. The only reason I am at home is because I got hurt at work and I am in a workman's comp lawsuit with AT&T since 2011. I would not put that BS on anyone. Our system is so screwed up that workman's comp is an absolute joke. I am going to win but in 2 years and 9 months, I don't think I am even close to any decision yet. Two operations (left knee, right elbow) and two more coming (right knee and right heel bone spur)). I hopefully will make out all right.
I trade just for fun but I do have one long term stock that I have some shares in but will be buying heavy in the first week of August. That is NAVB and will hold for 2 years minimum. EAPH is a short term play and another traders dream. The problem is shareholders are holding and volume is way down. I am glad I already have my 970,000 shares. Most at 1.87, some at 2.3 and some at 1.3 cents. Sold some for minor gains on some shares at 3 cents. Got greedy and did not sell the rest. Greed is what kills you. Especially these BIO stocks." MOST"( not all) the time it is better to sell and buy back in cheaper. Sometimes you sell too early and sometimes you buy to late but taking the profit is the most important thing.
Nobody is the winner here today or any other day for that matter. Bashers bash because they want a lower price so they can trade the stock. Pumpers pump because they want the price to go up. The only difference is that the only people that make money are the traders. As soon as someone sells the stock one time, they are no longer a long term holder, they are a trader. Don't believe anything these pumpers are saying. They can not possibly be so stupid as to hold a stock that has gone up and down as many times as this one has. They are either trading the stock and hiding the fact or they are just idiots. Hopefully, some of them have the brains to see what is happening here. I tried to come in here with some sense and I was attacked and ganged up on. Does not bother me at all. If I can put money in my pocket, that is the only thing that matters to me When this price drops back down to 45 cents or lower on Monday late or Tuesday morning, I will be buying in again for the next manipulation upward.
Don't believe anything anyone says on this board. Make your own decision. That is the only one that counts.
Not only holding their shares but buying them up and running the price up to $1.36. If that does not show the strong belief that shareholders have in NAVB, nothing will. They could try it again but with big investors holding over 40% of the stock which is not for sale, and probably buying up more in this range, shorts are burying themselves with their own medicine. Where are they going to get those shares to cover if institutions increase from 42% up to 50%?
This is going to go on for awhile because institutions have the money to hold and buy more. It is the small investor that will panic. The small investor does not own enough shares to help the shorts out. I figure with the institutions holding onto their shares, and possible buying more, shorts need to buy up shares and hope that they can scare the small time investor into selling so they can cover. The longer this goes on, the bigger trouble the shorts are in. Bashers will say look at the price. I say look at the shorts, they are not covering because they can't cover, They have supposedly raised their short from 20 up to 23 million. Sooner or later they are going to be in deep #$%$..
Bashers, can you explain to everyone here why the shorts have not covered yet?
With institutions and average shareholders holding their shares, where are the shares going to come from to allow 23 million shares to be covered?
If they run the price down under $1, institutions will buy up more causing less shares to be available and most shareholders, including myself, will buy more. I think they have dug a hole they can not crawl out of.
I guess the price will drop back down to 47 cents again. Day traders just picked up another 10% on manipulation. Now, they will run the price back down and get it ready for Tuesday manipulation. This stock is now in controll of manipulators and that is never good for shareholders. Pumpers will be back heavy on Wednesday but by the following week, after the HYPE has worn off, back down she goes again.
A non event as expected. A little sucker run to 52.9 early but nothing held and now, back down she will go until Wednesday. Actually, the next manipulation of the stock price should hit Tuesday afternoon. Should be back down under 50 by this afternoon and down to testing the lows on Monday so the manipulation will make traders more money.
I consider only 6 months on the market still immediately. Most drug companies take a year to get their drug to market and another year to get sales up to respectable numbers. With NAVB getting their drug to market in 5 months, and only being sold for another 9 months, I figure they are still about 9 months to go before they even get to the average of most companies. With every expanded usage, it will take at least 6, probably 12 months, to get sales up to respectable numbers. I figure they are right in line where they should be. Another year and numbers for H&N will improve, and expanded usage will just be getting started when FDA approves in October. You must remember that this drug is brand new on the market. Anything more than 6-8 months ago does not mean a thing because they never had approval before.
Back in late 2011, when they said sales would be estimated to be $100 million in 2014/2015, that was 3 to 3 1/2 years away. They did not even get approval until April 2013 because of the CRL and other set backs. 3 to 3 1/2 years from April 2013 will be late 2016 more than two years from now. When 2016 gets here, then you can complain about sales numbers. Right now, numbers are not expected to be good because anyone that knows anything about the drug industry, the first year of sales is basically trial and error and the second year is where improvement is expected. So Until September of 2014 sales are meaningless. September of 2015 we should know where this company stands.
Bashers can bash all they want because nobody is expecting numbers for at least another year. I certainly hope the price stays down here a little longer because I am not buying until the first week of August or maybe even later. Sales figure will be good to anyone that knows how the system works but fuel for bashers. Shorts need to cover in the next year or so but with shareholders holding, shorts will need to buy up shares so they can sell the shares to themselves to cover.
If, and I don't believe a word of it, because you are a habitual liar you say you are up $50,000 with the price at 50 cents. Let's say you have an average of say 25 cents,.That would mean every 25 cents, you would have been up $50,000 when the stock was in the 90's, you would have been up 70 cents or about $145,000. If your average is 30 cents, then you would have been up $50,000 for every 20 cents and would have been up about $160,000. If you were one of the dumbest traders in stock market history and have an average of 20 cents, which would mean you have held for years and watch this stock go up to 75 down to 20 up to 60 down to 18 up to 44 down to 20 up to 35 down to 20 up to 95 and down to 45 again. You are the one that says trading is a mistake. Holding long term is the best way to go
Tell us, are you one of the dumbest investors in stock market history, watching your PRETEND PROFITS go up and down over and over again, or just one of the biggest liars. It can only be one or the other.
It is pretty obvious you don't have any gains. Al,l I did was announce my buy and sell before the stock went up and down because most people do it after the fact. I never planned on making a big profit just playing a game for some summer party money.
That is one of the most intelligent and honest post any pumpers has made. At least you realize the stock was only pumped up due to the shareholders meeting tomorrow. You and the rest of the pumpers will be back in action Tuesday when the price is pumped back up again so traders can take the profit.
Look, it is the board idiot. How is that holding the stock from 90 down to 45 cents working out for you?
The guy that has seen 50% of his portfolio go down the drain. How is that better than making a profit which I can still make if this price does go back up just by buying back in. You are showing your ignorance now. You should mellow out more like irishfurbush. That guy has more brains than you and the rest of the idiots on this board put together.
When I make another $1000 on a $9000 investment and then watch the stock price tank after the phase 2 HYPE comes out on Wednesday, you will have lost all your possible profit and I will be able to buy in cheaper again. Just because you have made a complete fool of yourself by holding thru these gains, there are intelligent traders that trade BIO stocks for profit that is actually in the account not on paper and falling.
I only bought 10,000 shares and did not want to make my first purchase a mistake. Now that I have the profit, WHICH NONE OF YOU DO!!!!!!!!!!!!!!!!!, I can buy mor4e and take more chances. I wanted to make sure I made a profit and $630 in less than 4 hours on a $4300 investment in damn good. How much money did you make?
But wasn't that guidance given before they got the CRL that put them back 6-8 months at least?Nobody in their right mind, not even a super pumper would think sales would be $100 million in 6 months, 9 months, 1 year or even 18 months after approval and after sales started. They have only re3ported sales for the first 6 1/2 months. They will report sales for months 8-10 and probably give guidance for coming months. That is very difficult because with expanded usage, people will expect miracles again and they will not happen. This is still a year away from any major sales pushing this up to $3.50 or higher. There will continue to be trading opportunity because of the shorts and sales figures.
How long did the automobile take to take over the horse?
How long did the TV take to get to where they wanted?
How long did the computer take to really take hold?
New procedures, inventions, drugs, all take time to make believers out of people that have used other devices for years.
What surprises the #$%$ out of me is the fact that blue dye had a monopoly for 30 years. Maybe you could come up with a product that lasted that long 50 years ago or longer, but almost everything is either improved upon or replaced with better equipment. Especially in this last 20 years of science improvements. I would not be surprised in this day and age of medical practices, that in 8-10 years, and probably less, something will come out and be better than LS. If things stop improving than life as a whole is in deep trouble.
Do they realize that some companies do not even get the drug to market for 1 year or more?
NAVB got their drug to market in 4 1/2 months and that is unheard of in this day.
Do they realize it take times for sales to improve and they do not happen over night?
NAVB has had improvement every month and sales are not expected to reach respectable numbers for at least 1 year.. Ask yourself a question.
If you had a 3 month supply of a medicine and some new medicine came out why would you buy it until the medicine you have runs out?
In the first 6 months of distribution and sales, the numbers are outstanding if you take into effect they are trying to take over a company that has had a 30 year monopoly on the hospitals. Blue Dye, knowing their product is inferior, I figure they have lowered prices to purposely stall the takeover by LS. When hospitals finally try LS and Blue Dye sales drop, sales will increase at a alarming rate. With the H&N approval, we can figure 6 months from approval to get sales moving in the right direction. Then, Oct 16 extended usage will take 6 months to get sales moving. Then Europe approval will take another 6 months or more to get sales going. NAVB has at least another year to get sales up to respectable numbers where the stock price will be a result of sales. The shorts know this will take time and they have plenty of time to cover. They are accumulating and profiting from these manipulations. When the time comes and they have accumulated enough shares, that is when the price will go up.Sales will take time and so will the shorts.
or back down to low 40's the price will go. Then, on Monday, the price could get punished again. I certainly hope it is because I expect a big run up Tuesday afternoon and Wednesday.
That answer will not really be answered until tomorrow. When the price was run up to 53 cents, I should have known better after a 20% run up in one day. I got out at 49.5 and am extremely happy with that. Less than 4 hours trade and a profit of around $630 after charges. Now, with the profit in my pocket, I can take a few more chances. I still say the next time to buy is Monday afternoon or early Tuesday. The HYPE of the news on Wednesday will cause another spike. If news is good, which I expect ONCS to make sure it is, we could get a bigger spike than today. Just remember that phase 2 trials are really meaningless it is phase 3 trials that are important. I have seen this many times before where the stock is pumped up and down in phase 1 and 2 and sometimes even phase 3 trials to do dilution, only to have the FDA give them a hard time with a CRL. You can watch your portfolio go up and down and up and down many times with these BIO stocks. That is why until they get into phase 3 trials and are coming up to announcing phase 3 trials, most, if not all of them, are trading stocks only.
Kind of coincidental isn't it?
You see this over and over again with these manipulated stocks.
I am out for now but will be back in for another HYPED up trade Monday afternoon or early Tuesday. Any kind of good news will cause another uptick on Wednesday. Phase 1 and Phase 2 trials can easily be manipulated by small trials and hand picked patients. That happens over and over again when companies have great phase 1 and phase 2 trials but when the phase 3 trials which have to be much larger and can not be controlled or hand picked, the truth can come out and failure, FDA CRL or denial can happen. Not saying that this is what is happening here because no one will know until phase 3 trials are released and that will not be for a couple more years.. Just ask KERX or AEZS about great phase 1 and phase 2 trials and complete failures in phase 3. This stock will remain tradeable for another 2-3 years. Manipulations are up and down and there is always time between the BIG ONES. Smaller trading ranges are going on all thru the phase 1, 2 and 3 trials so there are many more opportunities to trade this for profit. This is still in the beginning stages.