Bud, don't know which ask mell was referring to but I was selling Thursday and Friday and will continue to sell. Not sure if it will be Monday, I need a bid to sell in to. Sorry, not dumb enough to announce me sells, you'll know when I do based on volume - Root out!
You would expect some small fry retail longs to be here (like Root) but the hedgies normally take the weekends off. Furball usually works morning only on Fridays but he was there until close and now he's working a Saturday in his sweaty cubicle pretending to be watching the Bills??? lol - great for a laugh! Talk about enjoyment. We head higher Monday, book it!!!
Warrant holders are converting and holding, if they were selling we would be going down on Friday on 15 million shares traded
The 'asks' are Root liquidation, OXGN has been a joke thus far and Management doesn't care about shareholders. I have a truckload that I will be unloading on news so don't expect any kind of bounce
actuarial, just ask yourself is the value of the assets and stock price really important to mamagement? I say NO, they have not made shareholder value a priority at all. They are a complete failure in this regard. They don't even care at what level we trade, ask them.
Moring started with a lot of volatility and the stock definitely wanted to move higher on some wild swings in both directions. Late morning about 11:25 the shorts started a concerted campaign to drive the price lower but were unable to counter the buying enthusiasm right until the bell and were able to close it down a fraction on a downtick at the close. The volume was solid for a Friday at over 15 million trade. Today was the "retracement" day following Thursday's smokin' bullish ride up. I guess it bodes well for a GREEN open Monday and a resumed uptrend particularly as we move a week closer to the PIVOTAL news of the Phase III DSMB which is just over 30 days away .... TICK TOCK!!!
How freakin' entertaining for a Friday afternoon can it get? Shorts desperate to take the price down but the wall is like a rock, not budging at all!