It depends on a number of factors, including the individuals themselves, their goals, their work ethic, how much they enjoy their job and what the job entails. I also probably put in 60+ hours in any given week: 45 at "the office" plus many hours doing research and training at home.
It's not for everyone but it's also not "just a job" either. When your avocation is closely related to a hobby and when much of it doesn't really feel like work, the number of hours put in is inconsequential. Plus, I get to peruse my favorite websites from my office fairly often as well.
So UBSS stepped back in later today. That's when we lost all of our gains. Now I'm certain that the goal is to hold the PPS down, probably while someone accumulates. They'read not trying to make it drop, just hold it under 1.50. That is a huge sign in my mind. Watch L2. When the PPS breaks out of its range and/or UBSS stops playing it's game, appreciation will follow.
Sentiment: Strong Buy
"...with bridging studies in Japanese patients. "
I have to wonder about that. Does it mean that Athersys will have to do at least a small trial in Japan before they can obtain conditional approval? Alternatively, are they already doing that now - selecting Japanese or Japanese immigrants for the final patients in the current trial?
Of interest, the 50k shares UBSS was offering at $1.50 have disappeared, to be replaced by 2,473 shares at $1.47. I can't vouch for the phantom 50k shares, though.
Sentiment: Strong Buy
Ooops, I'm not THAT old, LOL. That should be 1960 or '61, or perhaps as late as 1962. It WAS a long time ago and my memory for dates has never been one of my strong points. Still, you can look up historical prices and splits to obtain the approximate dates. It's too much work for me...
I assume at least some will question my investing longevity. So here are the facts: I bought my first stock, IBM, in 1060 or '61. I bought one share for $557 and had to pay the broker $35 plus a fee that was larger because I didn't buy a "round lot" (a multiple of 100 shares).
IBM went up, split 4 for 3 and I received some cash. It went up again and split 3 for 2 and I got more cash. Then it went up again and split 2 for 1. I cashed out after it went up again and bought Greyhound on the advice of my father's broker - big mistake! Greyhound was at $59 pre-split and after its 2 for 1 split, it tanked and never got above $22 or $23, which is where I sold it.
I have never, to this day, heeded the investing advice of others, especially stock brokers. In their case, I figure "If you know so much, why aren't you rich?"
And if you've been around for a while, you should have observed that your string of posts asking why anyone would sell a large block of shares, something you also noted was more than the rest of us saw, is a tactic often used by bashers to scare retail investors. And you wonder why some of us responded the way we did?
Look back on this board and you can see that the bashers have been out in full force. Then along you come, posting and re-posting the same question in multiple threads. What would you expect us to think? If you want to be recognized as a true long, why not participate in the discussions and provide the MPID information on the other block? And why not at least consider my thesis? Just a few simple Internet searches would tell you who which MMs are offering the shares and that could lead you to a better understanding of the "why".
Or not. There are as many reasons for buying and selling shares as there are buyers and sellers. Some are above board but if you follow the market at all, you would realize that many are not. HFT, naked shorting, buy/sell bracketing and many other tactics that are only available to investors with large capital are rampant. That was not so much the case when I started out 54 years ago. I also had to pay hefty commissions and wait sometimes days to buy or sell a stock.
Now, we have on-line trading that can fulfill an order in fractions of a second. And despite all of the advances in the trading system, we have a system that is more than ever rigged against the retail investor. So you ask why? I say why not!
Who's acting immature now? Yes, I sometimes use the word "dude". I've also been investing in the stock market probably longer than you've been alive - 54 years now. Whatever offended you, and I apologize for that, the fact remains that you claim to have access to information that us poor retail investors don't have. I would think that would provide you with the "why" that you seek - at least better than the rest of us.
Ohm, it's a sign of the times. Too many investors want instant gratification. They don't have the patience to buy and hold. Unfortunately, they also don't have the tools to day trade like the pros. So we get investors like pipelight / onlydatruff who timed his entry and exit points wrong and want to blame anyone but themselves.
I've held half of my shares over a year and another quarter for over seven months. The final quarter I consider a true gift, having bought them at 1.17. I'm not here to day trade, although I will probably sell some on any decent pop.
Sentiment: Strong Buy
So, I'll say it again - UBS is a market manipulator. If you follow Level II at all, you would know that they constantly bracket many stocks with out-of-the-money bids and asks. Typically, their bid/ask prices are anywhere from a few pennies to 10 cents or more away from the current trade price. Often, they adjust their bid or ask up or down as the PPS rises and lowers throughout the day. Sometimes, they have more shares on the bid side and sometimes they have more shares on the ask side.
You can attribute that to anything your heart desires but it is a fact I've noted over the years. I also note that they have been fined by FINRA for what can only be construed as market manipulation and are subject to many lawsuits for shady practices - another thing you should be able to draw your own conclusions from.
So you say that UBSS only accounted for 50k of the 100k shares you saw on the ask side? How about revealing the MPID of the other seller? As a number of us stated, we didn't see that other 50k on our Level II. Hence, my speculation about the dark pool. After all, dark pools were designed to "hide" large block offers from retail investors.
Sentiment: Strong Buy
Dude, give us a break. I honestly tried to answer your unanswerable question and you not only blew me off, you insulted me as well. Why would you expect us to know who has 50k or 100k shares for sale and why? Did you think it was one of us with an account with UBS? And now you're swearing at us. Seriously, are you really long or just here to disrupt?