smokemonster and smd: Very good comments and/or observations about FITX (and PHOT). Really, nothing to add... I share your thoughts. That's indeed what owning a penny stock is all about.
Of course.. lack of liquidity leads to exaggerated swings in price. That's not what I was looking for "comments" on, reilly.
My beginning statement: "Today's action: Shorts cutting their throats or institution moving on?" is what I was most interested in in getting some discussion about. Did ONVO posters think it was one of those two items or something else that was causing the drop we saw today.
Sorry that I confused some people.
No problem, juggsy. Just wanted to see if we had different results from different sources.
Now, Packers vs Seattle... football has arrived in the nick of time!
Let me guess... you're short and rather stupid if you don't change your position soon.
If you look at a wider time frame, with a few days exceptions, the daily volume has been rather weak. So what is your point to this? Nothing that adds to the discussion I was trying to have that I can see.
1.1 million shares compared to roughly half that this week. No matter how you characterize the difference is still TWICE the amount THIS WEEK:
Sep 3, 2014 7.77 7.79 7.61 7.69 546,800
Sep 2, 2014 7.85 7.85 7.57 7.76 505,900
I see a 50k transaction at 7.42 at 4:06, juggsy. Is that what you're referring to? I'm with TD Ameritrade, btw.
Since the volume was twice what it has been this week, I think it's one of those causes.
I bought twice today. Once in the morning at $7.5887. And a about 30 minutes ago at $7.3599.
I believe in the company too. We'll see these as a gift as ignatiusreilly stated...
This out this afternoon:
The U.S. Postal Service is aggressively slashing prices to attract big e-commerce companies in time for the holidays, aiming to steal business from both FedEx Corp. (FDX) and United Parcel Service Inc. (UPS).
Over loud protests from its rival delivery giants, the Postal Service won approval from its regulators in August to lower prices by as much as 58% on certain Priority Mail packages for customers shipping at least 50,000 parcels a year.
It's about Dr. David's son's trip to the hospital, and his huge fight to get the $20,000 hospital bill reduced because of an intentional billing error by the hospital. Thankfully, Dr. David prevailed. He is co-founder of ONVO. The last few paragraph follow (Note: has nothing to do with ONVO business):
I believe in free-market solutions almost as strongly as I believe in abiding scientific principles such as relativity. I think the quality of care in the U.S., if you have the right insurance, is the finest in the world. As a biotech executive, I think the U.S. is responsible for driving more global medical innovation than any other nation.
But our actual delivery system is just a mess. The new Affordable Care Act is just "a complex and somewhat ugly patch on a complex and somewhat ugly system," as Princeton economist Uwe Reinhardt put it. Nothing will change until we shift incentives away from overuse and upcoding, but both Democrats and Republicans have spent more of their time attempting to scare their constituencies than they have deeply examining incentives and proposing any solutions—free market or otherwise. Which leads me to:
Step 10. Skip medical school and law school and get your child a helmet.
Dr. David is co-founder and chief strategy officer of Organovo Inc., a biotech company in California.
I lost (as a lot of people) money on PHOT. Originally thought that was the "smart" way to play the MJ space. It looks like I was wrong though PHOT still kickin'.
As for FITX, I increased my holding 50% this afternoon based on the reply that doyouwamoo got from Bill (see his thread entitled "CEO's Response") and other factors.
I agree, bigideaportugal, with your idea: Bascially, do your own DD; you don't have to pay for it if your careful. Not going to come out a winner every time, but in the long run, you should do nicely.
Increased my holding 50% a few minutes ago based on Bill's response to doyou's post and other recent developments I've read. GL