There are certain elements that need to be in play for a bear raid to work. You need heavy volume (millions), a lot of stop losses set up and a technical chart that is relatively flat. Also, you can't have large buy blocks sitting on level 2. Or, you can have a trigger like ARNA had in an SA article leading up to approval. I don't think we see a classic bear raid in ACRX as was seen in stocks like ARNA, CLSN and SRPT. I think we'll see something similar to going into yesterday's close. Also, if we break into the 11's today, that also diminishes the chances of a bear raid.
Wins the instant IGNORE award.
Nah, you seem smart enough to wait until Friday when your broker calls you and forces you to cover. You were probably short PBYI too.
I'm curious as how 6.8M shorts (36% of float) are going to cover as well. Could be an epic squeeze. Greed will be the death of them. They're supposed to be smart, pftttt....not on this one.
They always have to set them initially lower due to inherent risk. Usually they take the probability of approval, say 80% and factor that in to the PT. Once approved, look for increases in PT between 20% - 40%. IMO, we should see 15+ on approval.
Street Insider is reporting that LJPC is issuing a .04 quarterly dividend, 1.5% yield payable on 8/15 to stockholders of record on 8/1.
I don't know ddmb, usually the price is based on a 30 dma. I'm just dumbfounded by them offering a dividend? Makes no sense, they have no revs and won't for awhile LOL
What are they thinking??????
Good that the secondary is done, maybe now I can make my re-entry. I'm liking ARGS too. Looks like the bottom is in there.
It'll come. This company is extremely undervalued. I have a funny feeling the Baker boys are lurking just around the corner, along with a bunch of other tutes.
With a 52 week high of 247,500 and trading at 4.40 prior to a Thursday morning halt, NEWL has lost 247,495 per share setting a new historical record for any stock traded on an American Securities Exchange. Far eclipsing the likes of Enron, Bear Sterns and Lehman Brothers combined. New Lead Holdings is a Greek dry bulk shipping company that has caught the eye of Nasdaq watch dogs on more than 1 occasion. This is the second time in a month the stock has been halted for questioning. Will it be the last? The company seems to operate on the market using a cycle of reverse splits and shareholder dilution via issuance of more shares. The question now becomes is how long will this continue? Will we see a new 52 week high surpassing 1 million dollars and trading under a dollar? Only time will tell, but one can only assume that making a mockery of a securities exchange in the United States of America will not last much longer.
Are you serious? A blind man reading a Braille chart could figure out this is a scam. I sure hope your company is paying you double time to pump this trash on a Sunday.
LOL, so your theory is based on IR not being allowed to sell their own shares? Man, you guys' stories are approaching the sci-fi level now. Learn the rules buddy. If IR wants to dump their shares, they can do so at will. All they have to do is fill out a Form 13G/A within 48 hours of the sell.
If you're going to spin a web, at least make sure you don't get caught in it.
I can bring the 1 year chart on Yahoo, but when trying to bring up the max chart, my phone just freezes up!
I hope for their sake they at least look into it. There's just too much for me to write here, but solid DD pays dividends.
Even though I've been pretty hard on you guys, I always route for retail against MMs, HFs and the like. So, I'll throw you a bone. Every so often (maybe 3 to 6 times per year) I come across a quick double play that is MUCH less riskier than NEWL. I called LJPC and BLUE so far this year. ARGS is the next one. HIV results due by end of the month and will be an easy double when results are released. I'm 2 for 2 in 2014. This will make 3 for 3. Just do the DD and you'll see it.