dollar stocks can be manipulated easily. Until a buyer shows up, they will keep pulling her down. It will not take much news to make her run. You know, like a new CEO, announcing phase 2, etc., etc.
A one dollar stock and still have large investors. 13G filed tonight, another outfit with over 7 percent of the shares. Add that to BVF and Blackrock, that's close to 35 million shares just for those 3.
most all bios have tanked big time for last few months. Just sayin...
That should help Arry, but does not seem to be related to ONTY as original poster refers. I own ONTY and it has acted as sick as a stock can, sliding day after day and after day. Closed Friday at 1.15. So if good news coming related to ONTY/ARRY, they are hiding it well.
onty for 1.15 a share, unreal.
ONTY announced today that it will partner with ARRY on the development, manufacture and commercialization of breast cancer drug ONT-380 for $20 million in upfront payments, with an additional $280 milestone payments available to Array if Oncothyreon is acquired within three years.
December, 2014, Clinical-stage biopharmaceutical Oncothyreon (ONTY) announced today that it will partner with Array BioPharma (ARRY) on the development, manufacture and commercialization of breast cancer drug ONT-380 for $20 million in upfront payments, with an additional $280 milestone payments available to Array if Oncothyreon is acquired within three years.
ONTY has crashed, selling for 1.15 a share. Yes, something is about to happen.
Been in a long time and about to punch out. Shorts and other appear to be in control. Every morning they run her up and them take her right down for the day.
I have doubled my stake too many times and a 5 to 8 cent drop each day is really costly. I do not see a bottom yet, really crazy. I have gone my theory that when it looks like the sky is falling, when everything looks grim. she turns. But wow....I also let the drop get so steep that I could not get out and re enter later.... We shall see.