How dare you say anything positive about RMTI???(LOL). Don't you realize that we are "pumpers"? Don't you realize that the stock with 2 pre launch drugs and many MM's in the bank is not worth anything?? A stock that went up more than 100% in the last few months is not allowed to give back some of the gain? Didn't you receive the memo that the sky is falling?. You are right, there is much BMW going on on this board ( #$%$, Moaning and Whining!). Thanks for your post.
Get your facts straight, I said the stock appreciated about 100% within the last few months. Go back and see where the stock was in March/April 2015, the low was about 9 and the recent high was 18+, if your education allows, do the math! And don't accuse others of being dishonest.
The sky is falling! The sky is falling!! It is amazing how some react to a down day for a stock. The stock has gone up more than 100% in a few months and it gives back 15% and the world is ending! No one knows if the move down from 18+ is just a correction or something more serious on the down side. As long as the fundamentals are strong, in the long run, short term down moves will not matter. They are never pleasant but they are a part of the process. If the fundamentals change, the longs will take a hit, no doubt but that is also a part of the process. With the huge short position in the stock,when profit taking( I assume) started, the buyers pulled back and the short camp probably shorted more. It would be logical that at some point buyers can/will come back and start buying again. If any negative news comes out, as long as it is not terminal, the effect can be short lived. Of course the more we give back, the longer it may take to get back on the uptrend. (IMHO, long RMTI, do your own DD).
As a long in RMTI, I am excited/hopeful about the future for the stock. Having said that, if an award was given to the best cheerleader for RMTI you will get it!! You post with high level of certainty, while you may be right, but the market has a way of humbling everyone involved.
Today's low so far is within 50% retracement of the most recent leg up (16 to 18.69). With the usual admission that nobody knows where a stock's price will be short term, 17.30 area would be a logical low for the correction. whether it will hold or not only time will tell. After the stock having gone up more than 100% in a few months, some give back is expected and in a way constructive. As long as the fundamentals are strong, long term investors like myself will sit tight.(IMHO, long RMTI, do your own DD).
Today's low so far is within 50% retracement of the most recent leg up (16 to 18.69). With the usual admission that nobody knows where a stock's price will be short term, 17.30 area would be a logical low for the correction. whether it will hold or not only time will tell. After the stock having gone up more than 100% in a few months, some give back is expected and in a way constructive. As long as the fundamentals are strong, long term investors like myself sit tight.(IMHO, long RMTI, do your own DD).
You hit the nail on the head. The institutional ownership is a useful indicator and the increase is promising. As you mentioned, we have a long way to go to reach a saturation point and that bodes well for the potential for price appreciation in the coming years. Thanks for the useful post. (IMHO, long RMTI, do your own DD).
It is bad enough to have bashers post every five minutes with garbage posts, it's just as bad to have to look at garbage posts from pumpers. The reality is that no stock will go up in a straight lines, there will always be down moves even in an up trend. RMTI has doubled in a relatively short period of time, it may go higher or a lot higher before a down move or it may also correct and give back some of the recent gains at any time. No one knows. If you can handle a down turn, mild or severe, then sit tight and watch the action. If you are losing sleep, you can take some chips off the table and breathe easier. The fundamentals are still strong, a correction can happen at any time but longer term can potentially be much more rewarding with this stock. Keep an eye on the volume on down days.(IMHO, long RMTI, do your own DD).
If and when a new stock symbol is established, then i would assume that for each "old" share we receive one "new" share and the old shares will no longer exist.
The bashers and their masters can not come up with any legitimate negatives for RMTI so they post pure garbage and misinformation. Pathetic!
The bashers and their masters are changing their under wearsTwice a day now. As soon as the stock drops 20 cents they fill the message board with garbage. The stock has been acting very strongly, the fundamentals are strong, no stock goes up every single day in an up move. Now they count each day that a launch is not announced, pathetic! (IMHO, long RMTI, do your own DD).
A strong stock does not let you buy on less you pay up! The corrections are usually minor and disappear quickly.
Thanks for your post and the information/opinion. While you are correct that ultimately a reasonable PE will determine the stock price but in this case it will be a while before we have a meaningful PE (the E part). Most likely the company will not show a positive E until at least Q3 but because of the launch of Two new drugs, for a while longer the price can be according to the perception of future sales and earnings. (IMHO, long RMTI, do your own DD)
Although I posted the above for fun but the fact remains that short covering produces buying pressure and with about 10 MM shares short the buying pressure can potentially be very strong. Time will tell. Any short in RMTI who is not hedged must be sweating bullets these days! (IMHO, long RMTI, do your own DD).
According to mrliquids the short positions were reduced by about 1MM shares between June 15 and June 30. On June 15 the stock closed at 13.99 and on June 30 it closed at 16.12, that is about 15% price appreciation when IMM shares were covered. So if we had about 10MM shares short on June 30 and each MM shares covered would increase the share price by about 15%, THEN WOULDN'T THAT MEAN THAT TO COVER 10MM SHARES, THE STOCK MUST APPRECIATE 10 x 15= 150% FROM 16.12 WHICH WILL RESULT IN SHARE PRICE OF 40.30?????? Attention K-Mart shoppers, change of underwear at isle 4!!!( Just for fun post, still long RMTI, do your own DD).
Another highest close ever for RMTI. Technically speaking, almost everyone who ever bought the stock shows some gain now( the only ones who don't are those who bought between 17.74 and 18.04, which can not be that many). Very little overhead resistance. Whether it will pierce through 18.04 on meaningful volume on this trip remains to be seen but chances for that should be good. (IMHO, long RMTI, do your own DD).