Give me a break. **I** could manipulate this stock price up or down with 4,000 shares trading a day. I could easily pump it 10x that much either way & it would have a devastating effect, or a profound effect, on the share price.
Such is the nature of thinly traded stocks.
On #5 there is no way to expect any meaningful positive news anytime soon. If any good news was pending that could shoot the stock up even 20%, the company would have got that news out first to get a higher price per share at the secondary offering.
A secondary offering is never good for existing shareholders as it introduces permanent damage that you can never recover from. If they took out a loan for $135M then they would have to pay it back eventually, and with rock bottom interest rates, it would have been smart.
What management just did was permanently wound shareholders who now will only get 90% of the profits they would have gotten. Now that there are more shares, everything gets cut by the additional shares.
You can paint a happy face on it, but it permanently dilutes shareholder value.
They showed GOGO as a buy at $18 and I wish I had bought, it would have been a 2-bagger.
So, you aren't in the stock, you just want everybody else to sell it.
Because, you are here looking out for everybody else?
Looking at the BarChart website, putting in the LBIO ticker, most of the signals are BUY. Specifically 8 Buy; 3 Hold; 2 Sell. They have some interesting analysis as another datapoint.
I would challenge that assertion based on today's 12% drop.
Don't drink the Kool-Aid.
Always suspicious of those who claim to tell other people what to do with their money, while that person has no position in the stock whatsoever (or so they claim).
Lack of volume = price instability. Down 15% today on 5K shares. So cool if you can play the swings, you can make 15% in a day, but the hard part is to ever get out.
Can work both ways. Looks like someone sold 3K shares and it tanked from $8.40 to $7/share. The volume is so thin, it is unstable.
LOL - yes, but if it hits $10/share it is YOUR bigger profits.
I'm happy waiting until this crosses $10/share before buying to be sure this isn't just a low-volume head fake that nobody could get out of. Long term it looks good. Heck, if it is going to $100 then $8.50 vs. $10 is irrelevant to me.
I'm OK with that - as long as I can sell the stock (any stock, not picking on LBIO), when I want to. The hardest thing with a thinly traded stock is you can't get out at any price. That is why we are so slow to ever enter into these.
Longs should enjoy the big run up today. The only issue I have is that the volume is so paper thin (2,265/shares per day - TOTAL) - how would I ever be able to sell if I even bought as little as 10,000 shares?
Short squeezes are ALWAYS a good thing!
That is what matters most. Not whether CLDX closes at $26 or $28 today, but rather, if it is at $100 a year from today.
Maybe long term, but short term, with this President/Congress in office, the shorts will prevail. We need a bigger change.