...slowly it climbed...the bid just keeps crawling upward -- up 3 bucks in 3 months...not enough volume to make a call about whether someone is steadily buying or no one is willing to sell...still seems undervalued -- especially when comparing to some of the bank buyouts that have occurred this year...
Sentiment: Buy
...HAW!...no, I was too busy shorting ORMP at 10!...
...well, that's easy!...you see, the company's going to be broke in about three more months...in the meantime they keep saying they're going to start this phase 1 trial and that phase 1 trial...unless that's just bogus press meant to con investors -- which is most likely -- then at some point they will have to start tapping into that 60 MILLION bucks worth of stock that they can sell at ANY price and at ANY time without notifying shareholders...
...let's see, 60 million bucks would mean aaround an additonal 15 MILLION shares up for sale...not to mention the 4 MILLION shares RA Capital bought for 4 bucks a share just sitting there waiting to be sold...
...so there you have it...seems like a couple of good reasons to me...not to mention the failure to file an NDA for their eye irrigation fluid -- although they still got a coupleof weeks to fulfill their promise in that respect...
...besides the stock i mean...I don't see any news...momentum traders playing a breakout maybe...
...about the same time back in 2008 a similar pattern occrred where REITs, mortgage related funds, and closed end income funds all tanked almost simultaneously and their charts looked as though they had walked up to the edge of a cliff and just dropped off...I guess everyone remembers what happened only a few months later...
...the size of the outflow the past month indicates a significant chunk of change abandoning that segment of the market and all at nearly the same time...some of the closed end income funds I follow are showing 7-8% drops in NAV in less than a month...they say lightning doesn't strike twice but still...
...oh, don't worry...why, I stuck with ENMD as it went from over a $1000 -- presplit -- to where it trades today -- south of $2...I have no doubt whatsoever I will see similar results from OMER...
...you need to do some research yourself, son...the Azimuth "facility" expired June 1...and I don't see any PR or 8-K announcing they renewed it...despite the recent offering, they still run out of cash in about 3 months...of course, they still have that sixty million bucks worth of stock that they can sell anytime and at any price without telling shareholders so at least management doesn't have to worry about losing any money...
...in less than a month...that's pretty bad...70% of the portfolio is government bonds...around 75% of the portfolio is BBB or higher...evidently institutions aren't fond of bonds right now regardless of their ratings...also risk of dividend cut since they pay out more than they earn...on my watch list as a possible buy nevertheless if I see some indication of a bottom...
...got revenues out the wazoo but can't figure out how to turn a profit...so they sign another contract...just another avenue to losing more money...
I was beginning to wonder whether anyone even noticed the earnings report!
Sentiment: Buy
...oh, not to worry!...they got enough cash to last them another three months!...why, they won't need to start selling any of that 60 MILLION dollars worth of stock that they can sell at ANY PRICE and at ANY TIME without even needing to tell shareholders about it until probably August or September!...HAW!
...in two months!...better increase the dose of ravicti before the patient keels over, doc!...HAW!...
...the pump has worn out its welcome already!...come on, after all those great MEANINGLESS press releases, you'd think somebody would be dumb enough to bid the stock up to higher than where it was in mid-March!...
...two months...HPTX looks kinda sick...I guess buying buphenyl didn't excite investors much, huh?...which is understandable since buphenyl doesn't increase the 500 patients that HPTX will have for its sole customers...
Sentiment: Strong Sell
...DOWN 60% in a year...HAW!...and STILL waiting for that 60 MILLION dollars worth of stock that OMER can sell at ANY TIME and at ANY PRICE...HAW!!!...
...have to wonder why the SEC can't do something about companies like this...
Sentiment: Strong Sell
...why, right here, son!...just sitting back and watching the sheep lining up for the shearing!...HAW!!!...
Sentiment: Strong Sell
...my stock's dropping like a rock...
...HPTX is buttf__king me...
...oh, when will it stop?...
...HAW!!!...
...hmmm, let's see...on March 1 GOMER closed at $5.38 and since then dropped as low as $3.80...so when you posted "should be good stuff" was that like "opposites day" or something?...HAW!!...
...you got it in the wrong hole, honey!...HAW!...
Sentiment: Sell