The price is set by the market maker, which was a person, but is now done by computer. An imbalance of buy and sell orders results in a move in price to restore balance, using the theory of supply and demand. Market makers can, and do, act as a "buffer", temporarily buying or selling stock to meet very short-term demand imbalances, but they really make their money on the difference between the bid & ask price.
Why the silence? Because there is nothing to say.
Management cannot talk about negotiations without creating grounds for manipulation litigation in the future. One a deal is signed, they must make public announcement within 48 hours, per SEC regulations.
Damn it Jim, I'm a doctor, not a miracle worker!
You don't need to sedate someone to get a stool sample, nor is it even likely to be a good idea to do so. Versed made me vomit, twice, and it took about two weeks for the mental fog to lift. Drugs of that caliber should be reserved for surgical procedures required to correct conditions that threaten your health, not a screening test most likely to verify that you are healthy. There's only one reason to sedate the patient for colonoscopy: weaseling a colonoscope through your colon is freaky, uncomfortable and even painful. Most people would not take it lying down.
Are stock market sector valuations really the proper area of focus for the Chairman of the Federal Reserve?
Might FDA approval enable investment by entities that are prevented, either through policy or rationale, from investing in a company without an FDA approved product? Per KC, there will also be a "soft launch" of Cologuard soon after FDA approval, prior to a CMS coverage determination.
I think The Globe (TGLO) is the longest running undead stock in history. They ceased operations in 2008, yet still trade on the ghost ship market. Maybe the SEC will put them out of their misery as well.
Any chance we'll see $12 again? I've got some dry powder, waiting to reload.
$12 is the low channel, though I know that does not really apply because of the upcoming catalysts.
It's fun to watch you grasp at twigs and tree roots as you slide down the walls of the deep, dark hole you've dug for yourself. Keep clinging to the least likely scenario. If you repeat it to yourself often enough, you might even believe the garbage you write.
Just to verify, you are talking about EXAS?
Have you looked at the chart lately?
Is your monitor upside-down again?
You're still out there posting nonsense, so how about coming back here and posting a defense of your numbers? Can't be done, can it? That's because you, like other shorts or aliases, make up numbers and quote sources or mathematical terms as though you have actually done any real research.
"Someone will put a sell order of say 1 million shares at $8, while the same person puts a buy order of a million for $8,"
Market makers change the price to keep the buy and sell orders balanced, so a balanced pair of orders will not move the price.
A large sell order, combined with a rumor, will put selling pressure, dropping the price, which will then trigger outstanding stop loss orders, dropping the price further. Once the scales start tipping, the raider's outstanding sell order(s) can be cancelled or postponed. Once the goal is reached, the raiders buy at a rate that will not turn the price up too quickly.
I assert that the company has spent about half of what you claim, whether over the past 10 years or since inception.
Prove me wrong or admit your number is pure fabrication.
Management is scheming to market a test for CRC that surpasses all existing non-invasive tests. For this, they are fairly compensated. This time is different because the have submitted that test for FDA approval, received unanimous AdCom recommendation and have an outstanding request for CMS coverage determination.
Sentiment: Strong Buy
Like predicting the weather, based on one sunny day. Especially since, as you said...
" Im new to stocks in general, especially biotech stocks"
Also penny wise and pound foolish.
Trade some to lower your basis, keep most until you find a better place for your money, or you have reached your goals.
3.5 years in 10, or 35% is a pointless margin of error?
We're supposed to listen to you?
You're in finance?
You are doomed.
Now, you said the company spent one billion dollars in the past ten years.
Prove it, or admit that you made it up.