Based on very optimistic comments made during the last quarter CC I think this quarter's numbers are going to be impressive. Thus, I think the MM's are walking the PPS down to accumulate more in advance of the earnings release.
Sentiment: Strong Buy
I see what you are saying, I added to my position at $18.87 yesterday. I thought it was a great buying opportunity.
Surprised at how it has come back so far. Regardless, I closed out my position without a loss.
I was impressed by the conference call, more so this one than previous ones. Good vision, good growth, and a good plan. Well done ABMD!
I agree with what you say, but I also think that the street is going to recognize how well ABMD is positioned for growth given its current US market penetration, proprietary technology, future technology, target markets (i.e., Asia), and a healthy cash reserve that continues to grow. Having reread the cc transcript I see positives ahead for ABMD.
I remember when I first started accumulating this position....at .06 per share. At that time it went all the way down to .01 a share. Had to sell my holdings but started accumulating again at .20. Glad to see it beginning to get some attention. Very good product with an increasing market. Also, I added a little more at 1.00, truly, dollar cost averaging!
A breakout is confirmed with higher than normal volume continuing to keep the PPS up a few days after the initial surge...the follow through confirmation. IBD talks about this. I do expect it to happen.