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.
Be very careful. While the news is promising and will hopefully lead OREX upward to a nice profit for you, please realize that most Americans don't think they are fat (let alone obese). The BMI statistics would have us think otherwise, but a dense-muscled male will still have a high BMI, even though he isn't fat. Until that changes, none of the diet drugs (OREX, VVUS, or ARNA) will do very much.
I'm not saying it isn't needed, it is - but until the American attitude changes, the stocks are stuck. See the VVUS & ARNA sales numbers and you can determine what the appropriate level is for you to get out.
If you think you'll ride it to the moon, that is OK, I am simply sharing my experience from VVUS and hoping to get you to lock in those profits. Good luck longs! Screw the shorts!
Yes the news was good, but it wasn't great. When I say it wasn't great, it isn't anything against how the trials turned out, but rather, some people were in the stock as a cure-all for cancer, on that long-shot hope. For them it was a lottery ticket. They didn't hit the jackpot, so they dumped out.
In a few days, after all the experts have weighed in, the stock will start climbing again based on reality.