Sold what I bought yesterday shortly after open and so far do not see real strong reason to get in as stock could fall at any moment. This is not trading activity where stock is front of PDUFA and most are bullish. Somebody must know something and that's why stock is acting so poorly.
CRL would be the best scenario. There are safety issues poorly addressed in application and I think they missed it for what ever reason and it will cause them approval. FDA actually likes that as there will be a new hefty fee to pay to them again and they do not have any other desire to be a quick process.
Sentiment: Strong Sell
And I will cover tomorrow much lower than today low was. This stock based on the all red flags and warning signs will be drastically reduced in price . AF had and short sellers let the "positive " effect ride for a day but time is up and who bought will most likely never see it money again.
Many are getting on bears side as there is way too much weird things going on and that is clear indicator company will not get approval.
Atypical bearish continuation pattern after Head and Shoulders confirmation with double bottom breakdown.
This is a normal spike seen all the time and Monday and even close today will be much different . I say this is bearish move.
and it was past several months and that is plain fact. People can say what stock will be before and after PDUFA but it just doesn't correspond at all what we all see the way stock is trading and activity of institutions and insiders are very at this point clear, they all were and are selling.If they will be right or not makes stock constantly sold off . Experience with such stock behavior shortly before important event is always major red flag. Longs will not like it and will call such fact like they would love it. They live in denial and history is for them not important. ACRX has something what was already denied once and now they are close to be second in the line. That is also a strong possibility and smart traders will not take any chances to play such risk which is pretty clear and growing.
Closed in lower range near the LOD Today bounce from LOD was sluggish and on low volume compare to selling down on much higher volume and ending almost 1MM shares traded in down day is not good unless bottom was established . Tomorrow if test of the low will satisfy MMs, stock could close in 10.20s to low 10.30s but still would not be sure to say that we saw the bottom. Head and Shoulders threat is there and it is real and dead cat bounce is normal.
gogspn4evr, I think the way you are. I bought some but you were on all those 9.93s and I got only few there buy little higher in 9.95 I got nice block. Still having much more resources ready to buy lower if something to that nature would happen. Agree with you that this is exciting day for us traders.
Not bad for a girl.
But all this was must have been expected after this very devastating bearish pattern what most calls Head and Shoulders. History tells us it is 100% accurate.
it will re-visit at least the price again or possibly going even lower . TA for this stock was so perfect in past year or so that it was almost unreal , but past is there for everybody to see and repeat is IMO coming again.
This action should be disturbing for those holding long without stops.
florida, there is increasing chance for bear raid to at least around $8 or possibly even another 15% lower after that. Action has all the need same as those stocks in the past which experienced such bear rids. Many of them didn't come even close back up to prices they started before bear raid.
My take is 50:50 chance for approval and field is same for shorts and longs at this point.
My orders what I posted the other day got in most filled and so I am rooting for to go up even keeping large amount for possibility of bear raid to double my position if that would happen.
Thanks, true is annie is ignored on list for long time now same as many others who only posts idiocy like annie does. Do the same ..ignored small little people who just do not belong to the market place.
And today it was in low 9.70s? And I was told those not so smart people here that I missed the train selling around 11.50? Where are you know you smarty pants?
And boy, it was so good to me again in this call. I love the profit and now waiting for bottoming action which started today but will most likely be completed tomorrow or Friday.