If 40%-50% of these have been short covering, that would be just about 10 million shares. Could that be why the stock is turning around today?
They have met the amount needed to cover the shares CREDE bought. Now that the shorts were allowed to cover half of their shares they will cover most of the rest on the way back up. Everyone will be satisfied with the "private deal" that was made and NAVB can go back to normal. I kind of expected this to last into December , but once that announcement of the meeting in early December was announced, that was another sign to get the covering moving. It seems so obvious but we will not really know until we see what happens in the next few months.
The credit does not get renewed at the last minute. It usually is renewed in August or September of the next year retroactively. This puts all the small companies out of business and leaves the big companies producing knowing full well they will get the subsidy for everything they produce.
Since then, there has been four 800,000 plus share days, four 900,000 plus share days,four 1.2 million share days, two 1 million plus share days, and a 1.7 million plus share day. How does this happen with all the possible good news coming?
I knew that any company that has had a 30 year monopoly on a medical process would not go down easy. They have to be a big part of this shorting process. If they could bury the company they win.When that theory did noit work, they had to bring the stock price down and cover their shorts. It all goes down to money wins out EVERY SINGLE TIME!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I just wish I would have followed my instincts and sold more in the $3.00-$3.15 range. Buying this at $2.40, $2.60, $2.80 and trading it in the $3.00-$3.20 range made me some profit but I have now lost all my profit and will have to wait to see what happens in the next 4-6 months. I have $40,000 plus coming in a disability suit that I will use half to buy more shares with in the next couple weeks.
How much longer can the shorts keep this up?
How low can they get the stock to go?
I would think that most of the people that were selling, have already sold. The only shareholders holding on now will hold out indefinitely. That is why the 10 million shares from CREDE only helped the shorts.
Are the shorts covering 500,000-1 million shares a day?
Certainly seems like CREDE has lent shares to shorts to cover. The volume alone says that much. I was saying this would happen months ago. The shorts would attack this price and make money on the way down and make more on the way back up. The only question now is, when will it go back up?
Looks like many have already taken their tax losses. The sales of LS and more important is the meeting this company will have in early December. Kind of coincidental that the meeting is in early December. They are allowing the shorts to cover for another 6 weeks. There is no telling how low the price will be by them. Anybody that bought this on margin has had their shares taken. Shorts tried everything and this is absolutely criminal. There is absolutely no reason except shorts running the price down to create panic selling which obviously has occurred by looking at the increased volume. If you have any money, the buying opportunity is there. The only question is when to start buying?
If the shorts can not cover enough shares, they will continue to attack. The legality of this has to be questioned. With another 2 weeks before the quarterly report and any information on LS sales, this could easily be under $2.00.
Do you know how many times shorts like you have said that in the last 6 or 7 years?
Take a look at the charts. The stock has gone down under 60 cents and under 50 cents 3 or 4 times and always went back up over $2.00. This SCAM has been taking shareholders and making millions for manipulators for years. I think there is at least 1 more bounce left in this stock.
I can not for the live of me figure out why they did not open the plant and run it at half speed. They knew they were going to change the pump in October but running the plant from March thru July/August with RINs where they were are confusing. Maybe they have figured out that RINs are only good for the first 5-7 months. They open up in November get the equipment working so in January/February when the RINs go back up they produce heavy for 4-5 months and by June/July when RINs start to peter out again, they could have the price back up over $7.00 and maybe pushing $10.00 by June. Production numbers could be announced monthly like before so February , March, April and May could be the time this shines again.
The problem I see is this criminal Congress will not pass the subsidy again until August or September retroactively so that is the problem with running this price back up. That subsidy being passed early would be HUGE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
That will be part of the manipulation theory. The back pay could be up to $25-$30 million or more if this equipment has anything to do with better production. They have not tried the new filtering system, the new catalyst or the new pump. It could be a very interesting first 5-6 months of 2014.
Actually, This is a good thing if you were able to sell your shares. It will be another 2 weeks at least before any news is heard about the sales of LS. This brutal deterioration of the stock price just shows how the manipulators (shorts in this case) can do anything they want anytime they want to do it. It is very strange how some stocks go straight up after FDA approval. Take ARNA for example. The price was $2.40 and went immediately to $7.00 the day of approval. Then went to $10.50 and now is at $4.40. They ran it up and shorted it back down. NAVB was up at $3.70 and shorted back down to $2.11 with no end in sight.
I was one of the lucky ones that was trading this stock from $2.40 up to $3.25 but lost most of my gains when it started dropping so fast. I sold out at $2.95, $2.86 and $2.51.I will be buying back twice as much before the December meeting. The shorts have complete control of this now and the thing to do now is wait. I have $40,000 waiting and willing to go in about 2 weeks time depending on what the price is.
The manipulators got another 15%-20% gains on those 24-25 cents shares at 29-31 cents. They have been running this stock up and down and keep making money. The one thing that always happens after they run the game for too long is the stock price will need to go down further so they can make more money. Just like the last few times the stock was taken down under 20 cents. They are building more and more tax loss sellers for the December drop with all these shares at 29-35 cents that have been sold. I think you may get at least one and maybe two more quick runs before the drop in mid/late December. They will take the money from the people with this manipulation over and over again. This is a trading stock for another 12-18 months at least. You can make monmey trading the manipulations after each PR or watch the price go up and down. Most of you have bought after a move upwards. Don't believe anyone that says they bought at 12-16 cents and does not care what the price does. If they had bought at those prices or lower, they would be admitting to being the biggest idiot trader on this board after the stock has gone up to 45 cents, down to 20 cents, up to 35 cents, down to 18 cents, back up to 34 cents. The price actually went to 75 cents and back to 18 cents and then up to 50 cents a few years back. If anyone was that stupid, why would they admit to it?
the last time SYNM was punished down to 36 cents. Like I said about 2 weeks ago, this stock is headed back to 36 cents or $3.60 now. This management team could be one of the crookedest teams in the market. This is now the 5th time this stock has been run down to 50 cents or lower. It was run up and down from 50 cents to $2.25-$2.50 ( $5.00 up to $22.35 -$25.00) 3 or 4 times before and now has been driven down to under 40 cents ($4.00 twice now). After opening up with the best CC in company history and the stock running up to 75 cents ($7.50), the management has clammed up again and the stock has dropped down again. If they can pull off another scam after all that has happened here, I will be extremely impressed. I will also be extremely happy because I will be buying 15,000-20,000 shares. I said I would be buying on Thursday or Friday of this week but with the way the stock finally plunged under the $4.00 barrier, I think I can wait until next week. With October coming to an end and no pump installation information or plant opening anywhere in the near future, this management team has gone back to lies and deceit to cover their own ASSetts.
Just wondering why they let the price run down so far before doing another dilution. I figured the whole reason for the R/S was for dilution at a higher price. That is the reason I believe these crooks will open the plant, get it running. The later the better because RIN's are low. In January or February, RINs will go back up like they always do and so will the price. If the $1 subsidy get passed and RINs are back up to a $1 like they are every February/March, this stock will be pushing $10 by the CC in early May and maybe even earlier than that.
I think the price actually hit 34 cents but the R/S came at about 37-38 cents. If you split the difference, the price is about 35.5 cents or $3.55. They don't have too much more time to run this down because October is half over and the pump was "SUPPOSED" to be installed in October sometime. If they come out and say they are not going to open the plant, this stock will not stop at $3.50 on the way down. We could see $2.50 quickly. Hopefully, they put in the pump, open the plant, pump out 3.5-4 million the first month and 5 million in December.
The good thing is the RIN's always seem to go up in the beginning of the year. The bad thing is the fact that the $1 subsidy will not be in place. Our government is a complete joke and it will be September again before it is restated retroactively again.
You are absolutely correct but getting rid of the "CROOKS" will never happen. This country is run by the biggest "CROOKS" this nation has. That is out politicians. I would have to say 90% of them, belong behind bars.
I personally think that was a signal from the shorts telling everyone where the stock was going and start covering as the price drops. now that the stock has reached $2.23, $2.14 is not that far away. Last time it dropped so fast, the shorts did not even cover any shares. This strategy of slowly moving the price downward is causing panic and volume is way up. I will be buying all my shares back, that were taken in my margin account at $2.12-$2.16. I figure I will start buying them back on Thursday.
This blatant attack on the stock price could be from the 10 million shares that were sold and probably used to allow the shorts to cover some of their shares. The price will then rise back up as the shorts buy up shares and make millions on the shorted shares and more millions on the shares they purchase when the price is run back up again.
I will be buying more shares back in this margin account very soon. They actually did me a favor by allowing me to get more shares for my money.
The shorts can now work on the people that will panic and sell. If they do not get enough shares, they will drive the price lower until the panic starts. Lots of shares have been covered by the shares stolen on margin. They need to cover a lot more shares so covering on the way down and then covering on the way up will satisfy these crooks.
All I can say is I am glad they took my shares at $2.95 and $2.88. It cut my losses a lot. It is amazing how quickly they will have a margin call. They took my $3.06 shares at $2.95 and again at $2.88. The other stock I have in the margin account was also down which could have sped up the process but stealing shares is what the shorts need to do and they need to do it quickly before any "REAL" news comes out. These lastest news releases are nothing spectacular and the shorts have used them to run the price down and will continue to do so until they are satisfied that they have covered enough shares so when the big cover comes, they can get out and make a killing.
That is one of the most intelligent posts I have read on this message board in a long time. My point is why hold when the stock goes up and down like it has and you know they are still at least phase 3 and FDA approval process away. That means a minimum of 18 months and probably more. Phase 3 is extremely expensive because they will have to expand the patient numbers and that is costly. They will undoubtedly need another dilution halfway thru phase 3 or before they finish phase 3 and apply for FDA approval. This has a long way to go..
The time is coming and the price will fall just like it does every single time this stock does a dilution. Sometimes it holds up for a few weeks and sometimes a couple months but it ALWAYS goes down after dilution and NOBODY can deny that. I have plenty of time to wait this out. After the 75 cent dilution the price was run down to 18 cents and back up over 50 cents to do dilution at 50 cents. Back down to 18 cents again and then back up to 45 cents and when it dropped down to 31 cents, they did a dilution at 25 cents. Back down to 19 cents and back up to 35 cents again so they could do a second dilution at 25 cents. It "SEEMS" like 18-19 cents is the magic number but the crooked manipulators can not continue to do the same thing over and over again. This time they may even drop the price lower because 2 dilutions at 25 cents and no real blockbuster news for at least a year, could have these crooked manipulators trying to steal shares. You see this all the time. Take a look at NAVB for example. I traded that stock at $290-$3.15 5-6 times and the shorts have now driven the price down to $2.35-$2.40 again where I first purchased the stock at $2.41. These crooks will stop at nothing because nothing is ever done to them.
Everyone knows that covering 20 million shares was going to be impossible without running the price upwards. CREDE buys the 10 million shares and starts selling allowing shorts to cover. This is a slow process and would be too obvious if 5 million shares were sold in one day so the shares increased 3 or 4 times daily volume for awhile. The stock is run down 30 cents and now panic is happening. Watch for some high volume again allowing shorts to cover more shares. Another month before the next CC so they could cover 5 million shares easily by then. Then tax loss season will come in allowing shorts to cover more shares. Expect that 20 million shares short to be down to 10 million by the end of the year.
I have NEVER paid more than 26 cents for this stock. I have traded it 7 times and made money 6 times and broke out even (actually down a half a penny) once. That was when I realized that buying it at 26 cents was a mistake. Your theory is I should have held those 26 cent shares and waited for it to go to 35 cents. y theory was to sell at 26 cents and buy it back at 23 cents so I could profit more. People that say they have held when the stock has gone from 18 cents up to 45 cents, back down to 18 cents and back up to 36 cents, and back down to 24 cents and probably lower later this year, are either lying, or admitting to being a stupid trader. When you are in these "LOWER END BIO STOCKS" you "MUST" trade then trend or you are wasting your time and money.
In everyone of your post, it would have been better to buy and sell later. That is exactly what I have been saying all along. I could do the same thing and pick out dates that show the stock went down and then went back up later because that is exactly what I have been saying. Maybe I will just let you prove my point because you are doing a great job of backing me up. My entire point is just what you have been saying in your post proving that trading the stock is the best way to go because this is at least 18 months to 2 years away from any major upward movement. Remember the last time it went to 47 cents. It was because they needed to do dilution. Remember this last time when it went to 37 cents, it was because they needed to do dilution again. In the future when it goes to 40 cents, it will be because they need to do dilution because they will be entering expensive phase 3 trials. They are good for a dilution every 10-16 months give or take a few months.
Thanks again for the support.
With 5000 shares, that is $50 a penny. You could have saved yourself a few hundred dollars by waiting until December to buy those shares. Of course you might get another false runup and be able to pick up $100 if you sell.
It drove jbell into retirement or the grave. He never seemed to agree with my theory but with the price movements lately, I don't think even jbell would disagree with how the manipulation is so obvious. I can understand people with the non re-opening in July but continued downward movement now that the pump should be installed soon, people being hired for the plant and re-opening in October is a must now or this stock will be run down under $1.00 again for tax loss reasons. This is the last chance or sub $1.00 comes again by the end of the year.
I just can not understand how this management team did not run the plant at half speed or less when the RINs were at record highs. Now, RINs are low and the $1 subsidy is coming into the picture again at the end of the year. You know this worthless government of ours will not pass the subsidy again until August or September when all the small companies have folded up again. Big oil has the politicians in their back pocket. Don't be surprised when BIG OIL owns most of the plants, the government passes a 3-5 year subsidy law.