In 2 days (12-31-13 and 1-2-14) Volume was approx. 1.2 million shares PSTI moved up approx. 16 %. On 1-3-14 approx. 160,000 shares traded and the pps moved down approx. 5 %. Volume and % change do not equate. A small volume produced a large drop. A lack of buying is what brought pps down. To me this suggests there is a new player in town accumulating. I believe they suckered in some new buyers chasing the move up. Then the new buyer stopped buying, the main controller started selling scaring out the new day trading retail buyers, (the mo mo players). The mo mo's gave their shares up for fear of a further fall and many mo mo players do not hold shares overnight so they gave their shares up at the end of the day. Generally a stock will rally for 3 days when it moves up on no news.
The 3rd day of this sequence was immediately sold to drive pps down and capture mo mo trader shares. Somebody wants to make sure this stock does not take off yet. That to me suggests the number of shares they want has not been achieved yet. I would guess most of the mo mo trades exited at close to break even or a +/- 2% lose or gain.
The big boyz running this stock will have to step the volume up if they want more shares to attract more trading activity so they can continue to accumulate without notice.
I am going to guess another day or 2 of light trading then volume begins to pick up.
But as we all know this will go where the big boyz want it to go and in time that will be up (they are not accumulating shares to break even). Support will be determined by the new accumulator by where they are willing to buy or how low they think the stock can be driven. Charts are a representation of historical events that are used to aid in future predictions. Follow the trend, I look at both long term trends and short term trends for support resistance. I prefer to buy on support levels. In a few days we will find out if the support is in the 3.60 ish area
I am looking for a bounce off the low 3.5s
When there are many bashers contradiciting every post trying to talk retailers out of their shares that is the time to look at adding or buying initial positions. When there are no board bashers that is the time to sell. The more bashing that goes on the more confidence I have that somebody somewhere wants my shares. Well I say...... pay up and I may sell you a few shares, after all I was here before you. I took the early risk after all the DD I completed and have been adding pieces as PSTI moves to its next base level.
Shorts should take the opportunity to cover.
I don't normally comment about such but one time
Whata a crock the crow is ........ either
Working for a fund buying
Just plain full of it
Or perhaps jealous because they have NO shares
We come from basing around 3 to over 4 charts look very healthy.
The past in charts do not lie.............The crow does..............
U serve no purpose and no intelligent why don't you find another board....... NVAX..........GALE....... INSM have run hard
Unfortunately at this juncture charts are almost useless except for perhaps support resistant areas. Bigger money appears to be adding shares as they pluck and scare shares from those that put limit / stop orders in. Investors must remember these organizations have the ability to find stop orders and run the pps down to capture those shares. They call it plucking the retailer which is you. By advertising where you are willing to sell your shares you are essentially destroying your own Portfolio. If one takes notice of the pps dropping, it is being taken down on low volume. I mean to the tune of 100 - 200 shares being sold back to back to back creating the illusion of massive selling, just look at the low volume selling it says bunches. If you are not willing to follow the progress of PSTI and it's fundamentals and are simply buying for a quick flip you will probably lose your money. The accumulators are very sharp at creating fear and literally stealing your shares. The buyers right now are going to do all they can to keep this under 5 to keep their other competitors with bigger pockets out. There are many larger institutions that have a 5 limit for buying in their prospects so they can't buy shares right now. However I am sure they are watching and bitting their lips to get a piece of PSTI.
As for me I am not much of a day trader. But as of late I have been playing their game with them. When they shake it down I add, when they run the pps up I sell half of what I bought and wait for the next shake down then add again. Each cycle I sell less than I bought, I have been accumulating many shares. If you are going to play the game of betting on stocks you better know the rules at which these scalpers play otherwise you will be left bald with no shares. I have many shares at many entry points. I don't care about the fractional trading fees.
The pps will go where the accumulator wants them to go. I do not and will not advertise my sell points, foolish IMO.
4.29, we hold there and I think we make a new high today. P&F CHARTS have 5 area triple breakout has failed 2xs ........3rd time is a charm ...........Price objective after closing over 5 with low 5 consolidation is 8. I'll see if I can work on a Fib. Time Zone # to determine when this just might happen.
IMO this was to be expected. Too many short term traders jumped in. Now they are selling at a loss. I love it when day flippers play mo mo and lose. I am buying this is temporary purposeful forced pull back. This has nothing to do company fundamentals and all to do with snapping up shares from pre-mkt. day flippers and minute trippers.. Thxs for the shares.
I think 3.75 will be a challenge the next consolidation zone 4 ish. After closing at or above 3.75 should be a quick shot to 4 ish.
Other chartists ????????????????????? Thoughts welcomed.
I suggested we are in a Fib. Time Zone counting from the island with a few days latitude pending upon where you start the clock. (Day Count). Lets see if she can hold and consolidate these gains. If so IMO we see new 2 yr. Hi by mid 2014 perhaps the 1st qt. "IF" we get some solid news Higher.
Do you believe retail has enough cash and various financial instruments to move the pps to that great extent? On such low volume, a lack of buyers perhaps because there is something right around the corner ready to take any new buyers head off. IMO there is a pharma out there that wanted PSTI to do a low ball share offering to them. As I recall management stated they were approached when preparing to take a flight. And told the scalper they would not do that to their shareholders. So revenge by them because PSTI would not screw their shareholders. One of the very few Bios I have ever seen get wacked on positive news.
How many retailers do you know that sells 100 - 200 shares for 4 bucks that is 400 to 800 bucks add in trading fees for round trip and a few pennys profit guess what each trade is a loosing trade. If you truely believe that retail is responsible for bouncing the pps around that much, up on high volume down on low volume, you should be looking into other types of investments.
Just take a look at how the short interest has been dropping since Oct. of 2013 when pps was around 3.70 - 3.25 area. Then look at volume up vs down. Down volume is approx. one third of up volume. This accumulator is buying and using your shares to cover their short position. Think if they thought this was going to crash the short positions would be much higher but in fact short positions have been decreasing that should say something to you what they are doing. Small cap Bios are dangerous and volatile and accumulators use that to their advantage they have the ability to create fear when there is no fear. These are persons that were late to the party and they want your shares. If short interest was climbing I would be concerned but with it dropping it says something else, they are afraid to short the pps down because they know where the pps is heading. IMO Buy when they wack it on low volume and sell a little when it runs up on higher volume, play their game take some of their shares at low ball pps and sell it back to them at a higher pps, wait for them to run it back down on low volume buy again.......repeat the cycle. Take some of their money as they are trying to steal yours. As they put their hands in your pocket you should be stealing their wallet. That is the way to beat them at their own game. Sooner or later when willy nillie shares are gone they will be buying from you at higher pps and selling to you at lower pps. They will get tired of loosing money as they play the ole stock shake. That is my strat. with this stock and I am sticking with it.
This is not a game of skill right now but rather understanding their game and out smarting them.
Exactly, and hopefully PSTI management continues to turn them down due to their low ball offers. Unfortunately not all Big Pharma is about health care or saving lives but rather how much money they can make. But hey that is what capitalism is all about. Read latest news on number of deaths that are constantly increasing due to pain killers. Then ask yourself do you think the pharmas that put the oxys. on the market new what the long term results would be. An America addicted to pain killers. If there is a natural cure or digging for root cause and fix the root cause avoid those extreme pain killers. I agree sometimes it is a necessity, just be aware of the potential consequences. Some Docs today are the new drug dealers of tomorrow. Lets tackle and understand the root cause and try to fix it. To throw pills at a symptom is not really a fix. Again I understand there are times when prescription medication is the only answer.
ALLO.......... Mark this post.......... PSTI will explode to the up side ........... Fact I have seen many small innovative Bios trade just like PSTI...... holding the pps down on low volume......These are not retail buyers and sellers I have been a participant when others have doubled and tripled in a few months time . I mentioned INSM on this board awhile back. Look at what it has done doubled. If one looks at INSM pps and volume and compares the chart to PSTI it is very simiiar in MACD before break out. The time will come when the controller is flooded. And will no longer be able to control the pps. IMO CHA is much much bigger deal than many average investors realize. IMO the only shares being bought and sold are being done so by the controller playing with themselves creating the illusion of going nowhere.
Ck. NVAX.......INO........GALE ..... charts they traded the same way until they broke to the upside. We are perhaps 3 months out until the break to the upside baring any news positive or negative. Bueto is right on with the science. Fib Time line calcs. suggest break to the upside no later than mid 2014. I hope they continue to hold it down as I continue to channel profits from others into PSTI.
They have been holding the MACD flat. All buyers from last July Aug 2012 are now gone EOY tax selling will present a very good buying opportunity. My prediction for PSTI 2014 will be a very good year. I expect to see nothing less than an easy double from here. And with the right news and trial data it could happen very quickly. I am looking for a break away gap to the upside.
Shorts controllers and nay sayers need not reply I won't read anyways.
Very Strong many day trippers and minute flippers will be playing today. Watching for day trippers and minute flippers to exit at open. Lets see if the tuts pick - up the flippers and trippers shares as they take their penny profits. Me I am looking at dollar profits per share. Sold most INSM shares way too early. But hey what INSM shares I have left are all free so house money same will happen here. Will have many shares using house money. I am not a minute by minute trader but rather a longer term swing trader as in hold for months while picking up low ball shares before taking profits. Take out initial dollars and find another one to put the dollars into.
Agree 100% look at long term 2 - 5 yr charts step up consolidate step up consolidate. I think the same will happen here, IMO consolidation with small upward moves is a good thing. That which goes up quickly comes back down sometimes very quickly, as past charts of PSTI display very clearly. If I was able to monitor every day all day I would play differently. I do plan on adding some more shares here soon just watching for stability. I am not a day trader playing for quick pops they can go either way. As we both know stocks are controlled by the big boyz, I just wanta ride on their coat tails.
Happy Holidays, thxs for your thoughts.
joejoe........ stalemate consolidation is generally a lack of buyers and sellers, role in the Auto-sales, volume and pending strong news, pay attention to volume and other chart technicals, 4.50ish area is a resistance zone. Thru 4.50 ish on volume and start looking for 8.50 area. I think a new tute was picking up all those insider auto-sales as shares leaked out the shares were picked up slowly and quietly trying not to make the charts stand out to others. (Buy 10 k shares sell 1k hold pps down accumulate without being noticed = stealth accumulation).
This is all being done with lower volume than the last time pps was 4.50ish, to me suggesting less volatility. Also pay attention to how long the pps hung around the 3-3.25 area nice long consolidation. Look at weekly and monthly charts it should be clearer.
Also note the Auto-sales were slowly leaked into the open mkt. they were not just dumped all at once looks like they took 2-3 days to dribble those shares into open mkt. to me that speaks they wanted to make sure they didn't trash the open mkt. pps. And those sales were set-up some time ago way before any suspected news release.
The volume of late (daily above avg. vol.) should speak for itself. This is gonna pop big soon. I think a major announcement is around the corner. There is a very good deal in the works after yesterdays news, many big players wait for such news before talking deals and I don't think it is going to be a private placement of shares, I think something with milestone payments. Just guessing here.
cal ........... The numbers I apply are pure technical.... with my math model rolled in............no fundamentals.....If I could predict what and how they are going to present info. (Which I do think will be very very powerful, as per your notes.I agree 100%) Then I would say at minimum a very quick move to 8. Been studying GALE charts I missed it. However I will guess chart will be at least as sweet as GALE has been. up 50% 10 days I agree. The longer a stock bases the greater the move, so the story goes. I am glad for all the baselining gave me more time to accumulate more shares. Supply and Demand and The supply is dwindling.
ray........... right now I believe PSTI will go where somebody wants it to go. 3.75 was an area of strong resistance before getting thru. I would think that 3.70 - 3.75 should be a reasonable support area. I sold my trading shares but still hold my core shares. I too am looking at re-collecting my trading shares. I just can't believe there are any real sellers. Somebody wants it to look weak. I will stretch my neck out and guess somebody wants a bunch of shares extremely cheap and Management will not give it to them due to low balling pps. So they are keeping the pressure on the pps. I believe they are afraid to short as short interest is rather low so they just sell those dribblily little 100 - 200 shares tp lower pps. Its a crime but tere is nothing we can do about it. The SEC is a broken watch dog or just plain don't care. Sooner or later someone will step in a squash the manipulator.
3.92..........3.97..........4.02........+/- 0.02......leaning towards 4.02...........Happy Hunting......... Then again we might be lucky and get a 3.75 gift again. If we get it, it will be quick and swift............Quick Draw McDraw. Thinking about changing to GunSlinger.........lol. Not gonna say Good Luck to longs we are not working on Luck here just time. Me gonna do 2 orders 3.75 and 4.02. Still looking for my trading shares......Core shares tucked away under lock and key in safe deposit box in da bank. They aint gettin em. Till well......... some higher pps.
Relax cal....... I am not saying it is going there, but it would be nice to get another bounce off 3.75 - 3.70 . I have no more control of where this goes than you do. Just giving the technical #s as I see them for today and where did they close, which I'll take as a good sign of support. But who knows we both know right now this goes where somebody wants it to go. Plain and simple. I don,t bet the farm just buy some trading shares as I sit on my core. I don't want to get caught without any shares when this finally takes off. Until then I'll just try and play the swings when I have a chance to play. Right now I have some contract engagements I must fulfill, that takes most of my time during the day. So I can't be with the mkt. all the time. Does kinda look like they want to form a short time frame head shoulder pattern. We'll see if they give up your 3.80. But yea I am looking to pick my trading shares back up when the time is right for me.