High volume but the range is narrowi is called churning.
Significant accumulation or distribution is taking place.
Ever heard the saying, "volume precedes price"?
Many times you will see volume pick up right before a significant move in a stock.
You can see that interest is building.
Just saying *
Market makers occasionally try to deceive other traders using their order sizes and timing. These types of orders are called NITBB or NITSO (No Intention to Buy Bid or No Intention to Sell Offer). When using this technique, the market participant displays a huge size greatly exceeding all others seen on Level 2. Most often it’s done in order to provoke traders to move in the opposite direction, as they are trying to undercut this big size or to get in or out “front running” this size.
Example of what's going on here
A player wants to accumulate shares at $5.90 while the market is at $5.98 x 10, he can try and display a huge size at $6.02, spooking traders into selling. Meanwhile our player places a bid for small shares at $5.90 with a reserve order for the amount of shares he needs, thus absorbing the selling. When he is done buying, he cancels his sell order. Of course this technique could now be used to propel the stock up. If a quick profit was the original intention of our player, he can do just that by selling his accumulated shares at a higher price. More often, this technique is used simply to accumulate shares when building a big position.
Needless to say, this can be done only on thinly traded issues.
A trader can try and use this situation for a scalp in the opposite direction, buying when the accumulation is done and big intimidating size disappears. A variation of this technique would be to drive a stock to a certain price level by following it with a bid or an offer which stays slightly away from the inside market and chases it as a price moves. If a stock trades at $5.98 x 10 and our player wants it at, say $6.20 to start unloading his position or for whatever reason, he displays big size at $5.93 for instance, and trails it higher as a stock moves higher but stays behind the best bid all the time.In both cases such a “fake” order is usually easy to spot given two signs. Firstly, such an order most often stays slightly away from the inside market. Secondly, if some trades are executed against this order, it usually disappears immediately.
The Recruiter Controls the price action. You can find out which market maker this is by watching the level II action for a few days - the market maker who consistently dominates the price action is the ax. The ax isn't always trading the stock in one direction or another. Sometime he is keeping it in a tight range. Note that there are times where there is no ax present. The point is the ax is the one to watch closer than all other parties or MMs. Many day traders make sure to trade with the ax because it typically results in a higher probability of success. If a big order comes onto the trading desk of a firm that doesn't do big volume in a certain name, the ax will take care of it and command the action. An ax can easily use an ECN to hide much of their action. They can and will use fake outs - NITBB or NITSO (No Intention to Buy Bid or No Intention to Sell Offer)
By the way the 40.75 Target is a new Yahoo 1 year posted this AM
That is a new analyst target not some # I pulled out of thin air.
My Target Pre panel is 45.00 and gives a value for other than Hep-Lisa-v of 6.80
Then we have the ATM. there is no way we needed to meet up with JPM for the reason you mentioned with all of the options already in place.
On November 10, 2014, Dynavax Technologies Corporation (“Dynavax” or the “Company”) entered into an at the market issuance (“ATM”) Sales Agreement (the “Agreement”) with Cowen and Company, LLC (“Cowen”) under which Dynavax may offer and sell from time to time at its sole discretion shares of its common stock having an aggregate offering price of up to $50,000,000 through Cowen as its sales agent. The issuance and sale of these shares by the Company under the Agreement, if any, is subject to the effectiveness of the Company’s registration statement on Form S-3, to be filed with the Securities and Exchange Commission on November 10, 2014. The Company makes no assurances as to if or whether the registration statement will become effective or, if it does become effective, as to the continued effectiveness of the registration statement.
Dynavax $40 Million Credit Facility With Hercules Technology Growth Capital. The credit facility provides us access to up to $40 million of non-dilutive funding that can be used to support development and pre-commercialization activities for HEPLISAV-B, clinical trials of our cancer immunotherapeutic product candidate, SD-101, and advancement of our research programs,
The Company had $97.6 million in cash, cash equivalents and marketable securities as of March 31, 2015 plus we have 30 million still available with the loan plus a milestone payment from AZ in the near term.
Wulf, We hit 26.89 just a few weeks back with no more than we have today.
No DMSB, No Product for sale, Nada
This is gonna blow 30.00 any day now.
How well do you like CROW ?
ctic_neutral ctic_neutral • May 18, 2015 12:55 PM
Reply If market cap re-attains it's previous level after the last successful trial but before the late 2012 VRBPAC meeting, then we will see $30.
I do not think investors wait until the last 10 minutes everyday to buy into DVAX.
OK , Just got to call ya out on this one.
You can not have a sale with out a buy. One of the many reasons 5 to 15% sells at the end of the day is Hold down fear into the close.
There has been more shares bought buy institutional players than traders hence the 91% and driving the share price down is how they do it. So here you are recruiting shares to help the cause in my opinion.
To close to News
Your game needs shares to work out for ya or them ?
Volume is drying up here.
I would suggest that your post is a recruiting tool for shares.
Your post is payment for more Chips.
But to each his own it's all good *
Your very selective in your Bashing of the company.
The point of the post was (The drug, called DV-1179, is part of a ( family of compounds )
In the first quarter, institutions grabbed up another 20% of DVAX. That doesn't happen by accident. They smell money too." Volume has been low because most of the shares are spoken for "
Your not suggesting " Scarce Shares " are you ?