Well, actually pretty good so far considering the levels I bought this morning. You saw how this has bounced. It has pulled back from the 37 surge (from lows of 33). Should start to build again from 35 area.
Panic Mongers have created a great entry point. thank you!
Sentiment: Strong Buy
I think there were a lot of buyers on the way down. With the pop this morning they were able to get rid of their shares at a smaller loss than yesterday.
Lots of shares out there to go through. This will improve over the next several days.
Low float stock is easily manipulated. News today was ok, expected. Profit taking from huge run up.
Stock was trading down steady between 24-25 when it looks like some MMs came.
Not sure if any locked up shares were sold. Again increasing swings on low float stock.
Not much long term debt. Large move today is attributed to the low float. It would have dropped a little due to the miss. But the low float exacerbated it. Under 12 may be a nice entry point.
He is the CEO. He should do better. He is sounding very defensive, whining about the press coverage. Come on...the bloom is off the rose with Mush. the honeymoon is over.
Kinda funny to see all the "similar" posts saying this will go to 3 or 5 or 10. Wonder who they are?
The panic mongering has been successful so far. I don't see any point in this falling further though. FDA has not rejected the drug, just suggested they will have to start a Phase III. It is a big deal, I get it. The fast track everyone wanted is gone, but the potential is still there.
Sept 2012 lows right now. Again, not sure why this would go lower. The float has almost turned over. Silly.
Irving....the answer is in your text "STOPPED OUT". That is what happened yesterday. When OCZ hit $1, stops were triggered. Then the fall continued and more stops were hit. That is all. No news whatsoever.
There was no news. It appears simply to be technical trading. It pushed through a couple of levels and sell stops were triggered.
It seems to me that all this action started with a large trade at $1. The first 10 minutes of trading had a small amount of shares traded. then when it hit $1, over 100,000 shares were traded. The spiral continued from there.
Without any news, this just seems to me to be triggered stops executing sell orders.