I have been in this stock for more than 2 years. this big run is mostly short covering pressure. that means stock prices can over react and not be based on fundementals, it also can mean we do not have new shareholders or institutional ownership per se. so short of a very signifcant major announcement - basic trading practice is dont think we are growing to the moon. there is alot more short pressure ahead, so stock price is getting alittle ahead of itself about here. IMO. (sold of few covered calls for Aug.)
I dont know if there is a way to know that, but WE do know that with 11.5 M shares short, there is a long long way to go before that can be covered..... a long way....
dumped their stock this past week. volume has been fairly high, and the price drop is hard to watch. I am long and think this too will pass, and the forward comparisons ahead will be very very significant (on the growth side) IMO
for atleast the next 12-18 months. its been a fast ride with now, lots of cash, but it will get used very fast, runing a company with no revenues, and FDA approvals that run for up to 1 year to finalize. be careful.
volume is significant. while it would be nice to know why, it may be better we don't, cause once news is made public we could see it attract real interest. the major share holder who added board members recently (all SEC public records) - is making some real operational changes that is helping..
I have sold most of my holdings from last year. this is a very small cap, and the story last year was big growth comparables with big rev and eps growth. thats gone going forward as the aquistion is fully integrated. given the very small float and NO coverage or following, and its a recipe for volitile prices on this name. tends to get over done going up, and the same can happen going down
some market makers testing you today with a little selling to see if your paying attention, just before next weeks announcements first thing in the morning. I expect positive story unfolding.
we start again. we are seeing a small number of short covering IMO, and the market makers beating it down at 11.60. I anticipate a possible blow out sometime where huge block short covering takes out 12 maybe even 13.......... but we stabilize over the summer in the 11.50 to 13 range. conservative and realistic as new products roll out. A new deal or lics. news could be a kicker to 15 range.... 2016 is a different story...