Good read about manipulative trading practices, nice to see they have made some progress. Sorry if already posted.
GULL......... probably a good entry point..... was it multiples or a single fill ???????? for the 5k.
Very common for persons to buy when pps moves up and sell when it moves down. Whomever is behind the pps movement knows that. They will take advantage of that psychology every time. Buy low sell high, better yet know what you are investing in and why DD........ Is the gap closed now, nice bounce off the low of the day.
Does 2.95 make a buzzer go off in anyones head.. Considering what the indexes are doing PSTI is holding up well IMO. I will now begin to look at adding a few small pieces for the future, when the lines begin to line up.. Fear Fear Fear........buy in the face of it, don't chase it........odds are you will get dinged. The good part is volume is increasing, suggests interest is increasing. I still wanta see 5-6 hundred k per day. Then I think the charts will be more contributing. Right now it is too easy to control pps and swing it wherever they want it to go. IMO the smartest thing management could do is adopt a regular buy program. I am confident that will get the monkey off of PSTI's back.
IMO It doesn't matter who challenged. The most important part is Patent Protected and Precedence has been set. Only a few ways into the arena now...... Buy shares..... Partenership.......Buy Out..... My Vote Partenership with $ help for clinicals and milestone payments along the way.....start with some up front cash ............ perhaps the rights to some warrants at some fair arranged price, for the partenership........start a bidding War for a piece of the action.
#s 2.95.............3.02................3.1........ We hold or better yet bounce off the lower one we go higher.
Things beginning to line up.........Fundamentals and Technicals. If we can get more volume would be much better for stability...... I would like to see 3-5 hundred k per day. Then PSTI really begins to show the strength. Many bigger radar screens will pick it up on their radar.
A method used by some funds and instys Is increasing pps along with increasing volume...... lights and buzzers will start going off.
20 DSMA crossed the 50 and has held so far........ Theoretical Retracement range tightning up (2.92 - 2.98 )...... 20 DSMA was resistance now may provide support..... 100 DSMA may be new resistance. I suspect a trading range between the 20 and 100 DSMA's ... the longer the better, ( should provide a more powerful support level. Sellers definitely dried up.
I believe the selling pressure was coming from the ATM. And an outsider taking advantage of weakness and ATM selling pressure. It appears that someone is shorting Naked or otherwise to hold pps down. IMO there are a few things that could happen to get them to remove their finger from shorting and or selling small amounts to control pps, the volume tells me this. A strong pick up in volume would be very positive. Solid positive news would be good. If I were management and wanted to move the pps higher and attract a more positive attitude to the company while waiting for news, I would set up an Automatic buy program up, which is 100% legal.
The Bad......... Money Flow still negative, MACD still weak, stochastics weak but trying to turn.
Just maybe the week before last was the stochastic bottom, nice rebound, but I suspect that rebound was due to management buying a small amount of shares.
Lets see if the charts and #s hold next week, baby steps are always good, a quick dip with a strong rebound would be very positive for the charts and perhaps sentiment. Suggesting a buyer in the wings.
Charts are only an indication of what has been and what might come in the future. Me in my spare time working on a modified model for Fib. time lines. I try to avoid the common everyday models, but do pay very careful attention to my self developed models and how well they compare and possibly predict future moves.
Don't post much anymore, been very busy helping to dig a very large company out of a hole.
Other reasonable thoughts are welcomed.
My take........If and I mean if there is a substantial PR coming soon and mgt. knows it, then it could be seen as trading on inside information which is not legal. I for one do not think there is a hidden deal about to be announced soon. My guess is they are trying to stop the free fall in pps by displaying confidence in themselves by buying shares. A better way to increase public confidence is to set up Automatic purchase programs, that helps to set up long term confidence in the company and themselves. I have seen other company's management do the same thing set up "Automatic Purchase Programs", that take place automatically monthly or quarterly.
Yes I am sure others have taken notice of insider transactions recently and it probably attracted some buyers. However I would be more inclined to think the Japan announcement has played a part in this upward movement. To look for a substained upward movement in pps I will be relying upon charts, Fib. #s and rectracement patterns, support levels and such.
Also take note the insider buys were after the Japan announcement. Therefore I believe the purchases were legal and they (management) is placing a longer term bet on upward movement. I do not think there is a major positive announcement in the very near future. I suspect any major positive announcement is a few months away.
All in all I think things are looking better fundamentally, but time will tell. I would become much more positive if an Automatic Purchase program was put in place by management. That to me would display confidence in long term growth. The # of shares purchased IMO is only a token as compared to the large amount of selling by others.
Go ahead allo........... thumb me down with all of your various ids............I don't care........I will rely upon my charts and Fib. Elliott Wave mathematical models for indications of where the pps is headed.
Support #s I am looking for 2.79...2.84..2.89... with a quick gap fill along with vol.
ATM backfire yes I think so. Businesses as such need cash to continue. IMO one of the most important parts of raising cash is; how cash is raised, I would think a secondary would be best ......locks many shares at a pps, puts a floor to the stock pps. Stock pps and volume IMO are a reflection of how a company is Perceived by the general public and more importantly organizations with funding power. I suspect BOD does not have what it takes to get to the next level, some persons only have an ability to get so far. They have done well to get it where it is today. However I think that there needs to be a BOD that has a leader that is familiar with and has proven to be successful in taking small cap bios to the next level.
I am glad the ATM is over whether or not they used it and if so to what extent or how much cash it raised we await from management what were the results?
To do an ATM with a stock that is and has been spiraling in volume is IMO not a very smart thing to do if your goal is to raise cash it only increases shares and decreases pps. Wrong direction!!!!! Backward thinking IMO. Buyers strike cause they know they can possibly get it cheaper. Big investors are not interested in buying into an immediate 5 - 10 % loss, does not look good on their books.
Thoughts on #s and Charts ......... Money Flow trying to level off after being negative since July. 8-14 thru 8-22, short but nice base 2.60 ish. Topping out 3 ish, 2.75 low end of retrace 2.85 high end retrace. Held 2.75 suggests a buyer at 2.75. I don't think we see any big sellers below 2.75, looking for a floor right around here. Also at 20 Day SMA , resistance 2.83 - 2.84 50 Day SMA. If can punch thru 2.85 with volume, that may set beginnings of a higher floor around 2.85 and looking for 3 as the next step. Termination of ATM I see as a positive, how strong of a positive we will see when they give us some #s. Still Cautious outlook at this time, prove yourself to me.
Need some strong positives.
U act like the ATM had nothing to do with declining stock price. 7 months of ATM. Allo U used to be a good solid contributor to the board. What happened to U? Judging by the thumbs others must have loved the ATM also. WOW ...U cry cry cry about the controller, now just whom do U think was selling the shares. PSTI and MLV destroyed the volume. It may well be a struggle from here for awhile. Go ahead thumbs down and pimp away.
Is all I am saying is now just maybe now the charts will be more realistic.
Wammed by ZAMI not fit to be the leader of this company, the sooner he is gone and somebody with the know how is in charge the better everybody will be.
I could care less about U and your thumbers.
Go ahead scream controller then look at your message above ...NOW JUST WHOM WAS THE CONSTANT SELLER AGAIN PLEASE. Oh I forgot the ATM had absolutely nothing to do with the past 7 months.
U must be part of the inapt management team. Look in the mirror.
I post such comments because I am not afraid to speak what others may be thinking but perhaps do not want to admit. I also have hopes that part of management reads this board just out of curiosity of what shareholders are saying and thinking. They may read it , they may not, they might even post we don't know for sure. But just in case they do read the board perhaps they will pull their heads out of the sand, And recognize they do have a wonderful and strong potential to change the entire world of science however they are struggling with how to get the company to the next level before they destroy it. Many many months of doubts and declining pps. Less than 31 k shares traded today should be saying something to management about how much interest there is in PSTI.
As a shareholder IMO it is there responsibility to increase shareholder interest not decrease it.
Your thumbs down are meaningless to me. If you agree that it is all good with the facts you need some better glasses. Facts as in low volume, falling pps, lack of interest as in the major fund holders have sold a very large % of shares just view insider and insty. transactions. Facts.
Good Science Bad management, but hey they could change.
Cal my thought is they are the ones ringing the ATM bell at every opportunity. A guess on my part they could not get a bid for the # of shares they wanted to turn out at the pps they wanted. So they constantly sell into the mkt. increasing float and decreasing pps. I wish they would have opted to sell a large portion to a large fund to provide some support with a large shareholder. IMO at present they are only hurting themselves and present shareholders. They have allowed themselves and company to be low balled. Positive news and pps goes down, neg. news and pps goes down, no news and pps goes down. At this point it doesent matter what or how they do it they have put the company in a corner. All those high dollar sales does make one suspecious as to wether or not they knew what they were going to do when insiders constantly sold practicaly free shares. They will need some very very powerful news that is substantial to increase trading volume. IMO increasing volume would / will suggest they are finished selling and a turn is at hand. Me beginning to lean towards INO, A large substantial open mkt. buy by insider shows confidence. PSTI management only knows how to sell which decreases confidence IMO.
allo....... the chart is very simply a picture of past performance and can sometimes be used to predict potential moves in the future. I ask one simple question what has management done to investigate this possible controlling of the pps and the take down.....absolutely nothing. Is PSTI running the ATM ? And selling into any potential strength. I understand what U R saying. It is not the science alone that makes a company successful but is combined with management and how they run the ship based upon their insight and leadership skills. They constantly give themselves shares for practically nothing and sell ... sell..sell. Which continues to erode the share price, IMO that speaks to large investment firms saying we are going to sell...sell...sell.
Look at the insider trades and the charts, these are facts not speculation. Management needs to pull their heads out of the sand, if they are not capable of running the ship, then they should perhaps start looking for a new captain, before they run the ship aground.
I repeat good strong and sound science, but it appears they have the wrong captain. Most Companies become successful from their leadership, from those that have the know how, of how to get to the next level. Good knowledgeable Scientists do not always make good leaders.
If we hit below 2, I will be a very strong buyer and when the insiders begin selling I will also sell. Problem is they get theirs for free I pay cash for mine. I think Z is in way over his head 8 solid months of eroding pps tells me so.
Cal IMO chart is horrible. 100 200 500 SMA BROKE not good. I doubt we hold 2.50......1.90 - 2 bottom. There is a gap back there, look at 5 yr chart. Too much going on and not enough going on. There is a dilution coming and nobody knows what it will be done at ( except BOD) Uncertainty is never good, they are going to do it we know it and the investment community knows, the question is at what pps and what kinda deal. Could be good , could very unfavorable to present shareholders. The stock is in it's worst fall ever, almost a solid 8 months of constant declines. And the BOD IMO has completed and absolutely done nothing to stop or level off the decline. To leave an unknown pending dilution hanging over shareholders heads is IMO an irresponsibility to shareholders.
But the bright side, because of the science, just maybe the BOD will pull a magic rabbit out of the hat. But I am not banking on that one. I guess I am hoping for a BOD SHAKEUP. How long does it take for them to realize they are lacking leadership shills based upon where the pps is today, strictly from the chart BOD has been only good at declining the pps, they are going the wrong way.
Bitter Yes. I believe in the science but forward movement is obvious.
There very few large holders outside the insiders, so IMO not much voting power to change Management up.
As long as these BoZos continue to sell their FREE shares. Is all they do is express a lack of confidence in THEMSELVES and the science. Big money WILL NOT buy into a company that clearly displays a lack of confidence in themselves, unless they get a BIG discount considering the risk / return possibilities. IMO all supports broken. The gunner is after a break of 2, a gap fill from 2011. Watch the BoZos end up doing an offering at a very large discount.
A break of 2 completes a Major E. Wave and can set the stage for a new Hi. IMO one of the best things that could happen is if BOD pulls their heads out of the darkness from U know where and begins to buy shares on the open market. That would show some confidence to the market they believe in in themselves and the science. Whammy Zammie could open his eyes and see he has really screwed things up and the BOD begins looking for someone that knows how to operate the business. IMO obvious he and present BOD are not capable and are more concerned about $$$$$"s in their wallets than the science or saving lives.
BOD continues to sell shares about as fast as they can get their greedy hands on them. They sell the company for peanuts, they make $$$$$$$$$s, shareholders get shafted.
Good Science Bad Management. Yea I believed they have / had an opportunity, but the BOD has got to be re-vamped.
No long term investment here for me perhaps a bit of trend trading. Below 1.90 ish a buy then a sell at 2.50 ish, unless BOD begins to show they believe in themselves and the science or perhaps a good something happens???????????????????????
PSTI has been torn apart consistently on low volume. I am sure the geo-political issues are playing apart in this constant downward slope. IMO being aided by someone controlling the stock, my guess is the big wild buy with very little upward move in March is a key. Yes the trade that many here questioned. That trade should have sent a message to PSTI Board, but obviously didn't. Not even a suggestion of an investigation by BOD. I have written PSTI investor relations and have heard nothing. IMO they are hiding under a rock and are afraid to show their face or voice any concerns about protecting their investors or the company.. Is all we have seen is constant selling by insiders. I am beginning to think the BOD needs to be investigated due to lack of their fiduciary duty to shareholders.
IMO by the constant open market selling by insiders is sending a message to any new buyers, DON'T BUY ANY OF THIS WE THE INSIDERS WILL SELL YOU OUT" By continuing to sell our practically free shares, we don't care about you the investors or company survival. Then add in the pending dilution at who knows what pps. If you are holding shares, I can offer No advice, if a forced investigation were to happen into insider activity will only drag the stock lower .
AS I stated to IR " WE HAVE BEEN WHAMMED BY ZAMI" He is making it very clear he could care less about any investor so long as he and other insiders can continue to sell into this down trend, they are actually helping to sink their own boat. All trends have been broken with the constant new 52 week lows. I don't think BOD has any magic rabbit to pull out of any hat
I have seen other companys go thru similiar activity. Is what turned their downtrend was NEW MANAGEMENT that put some of their own personal dollars into the company.
At this point in time I believe that PSTI is in DIRE NEED OF NEW MANAGEMENT. The present BOD is not working, that should be very clear to all. I believe in the science but not the present management.