Haha...stvrein Yesterday you were attempting to talk it down.........today ?
What a blowhard.
Oh yeah, and I will "mark" your blowhard post.
You can't short ICLD at Schwab, even before this run.
Very low float stocks are hard to short.
Schwab has it marked (HTB)....Hard To Borrow.
Hey stvrein if you were really a short................and NOT just somebody thinking they can talk the stock down (so you could buy)...............you would NOT be here trying to talk the stock DOWN..............you would be hoping the stock would go HIGHER, to short at.
You do understand how shorting works........don't you ?
If BS was music you would be a brass band !
stvrein says....."Also many shares could have been bought in the last 14 mins to short."
I repeat......stvrein thinks............First you BUY shares............then you SHORT those shares !
LOL! Really LOL!
Keep up the BAD work stvrein............you're real good at it !
I read it and understand it.........................did you read it ................and understand it ?
Read up on shelf registration .
Educate yourself before coming here and displaying ignorance .
Sometimes when people hold a stock for what they consider to be a long time with no results, at any opportunity they will use it to exit the stock.....regardless of what would be perceived to be excellent news, they just do not care anymore, they are frustrated and just want out. Those are the holders that put pressure on the stock price. It's called overhead supply, a supply of stock that is there, that will sell at any chance offered.
That opportunity/chance came last Friday May 1st. and was taken advantage of.
Now here is where the common sense should come in.......the float of ICLD's stock is 14,444,000 shares, the float for some that do not understand what that means is the amount of shares of the entire outstanding shares is what is out there in public hands to trade. 19.4 Million shares outstanding, and of that 14.4 Million shares are the float.
Now with.......15,803,199 shares traded last Friday May 1st.............how many frustrated longs should there be left in this stock? How much pressure at this price should there be left ?
Almost 1.5 Million MORE shares traded than the float on Friday May 1st.
Where are the frustrated sellers now.
Not that the stock will not act wildly, but did any of you take note of what the stock did in the last fourteen minutes of trading on Friday ?
Down to $2.28 and up to $2.69 on huge volume in the last fourteen minutes alone.
You can check that out on the 1 day chart here on Yahoo, just scroll across the chart with your mouse pointer and take note of the price and volume for each trade as you scroll across the chart, but you have to move your cursor very slow as you look at the price and volume.
It's a very useful tool.
I know probably most of you already know the things I am pointing out here, this is for some that do not yet know.
Good Luck !
Hey paulpiacitelli , you asked a question about what it meant.............and when I ANSWER your question you tell me to "calm down" ?
I'm guessing when you were in school and the teacher was trying to teach you, you told her to "calm down".......while you were eating the books ?
What a tool !
You better stay clear of the stock market until you at least learn some of the very basics about it .
nightowll67 I myself can not, and will not speculate on what price this stock may or may not appreciate to.
The only thing I myself will say is, when a company of this size, and the small amount of shares outstanding announces that they have the largest backorders in the history of the company, that seems to be an excellent indicator that in the current price range this stock is severely underpriced.
And that was made aware to the stock market public yesterday.
It's been discovered, where it goes from here all depends on how excited people get for a little company with a large backorder situation.
Not a bad situation to be in.
Seems like a whole lot better than having their smallest backorder situation in the history of the company.
paulpiacitelli....You should do a little DD before you post something you are ignorant about.
The filing you see simply is a shelf registration. It does NOT mean they are going to issue a ton of shares, they just get registered ahead of time in case sometime down the road they need working capital , they have already been checked out in advance.
Stock "on the shelf" is just there available to issue at the company's discretion.
They may never tap into the "shelf" at all, and even if they do they would only issue what their capital need is at the time.
But again, it's just there, may sometime be used, or maybe never at all be used.
All public companies do this.
The stock will start moving in anticipation of the launch.
I believe there will be a lot of talk about this on all the talk shows, especially the women talk shows.
I just googled .....double chin cure..... and pages of articles about Kybella being FDA Approved from all over the place.
And it says over 100 MILLION people view the sites about getting rid of a double chin.
Patience is going to handsomely rewarded here.
I learned my lesson years ago ignoring all the publicity when Botox first came out, thinking nobody is going to go for that...........I'm not ignoring the Kybella story .
One other point, when there is confusion, it adds to the confusion, and sheep follow sheep, people see others selling and think something is wrong....and also sell .
But there is always another day, and things clear up.
In my opinion because a lot of people think that yesterday's news of FDA Approval was rehashed old news, they think that it was actually approved............when just SUGGESTED approval by the FDA "Committee" to the ACTUAL FDA on March 9th.
I've see this happen before a few times in the past.
You can sometimes tell there is confusion by seeing what posters are saying on message boards.
Lots of times you see a PR stating that the FDA Panel votes to approve a drug, and the ignorant types assume that , that is the actual FDA saying it's approved...........when in fact it is NOT yet approved ......by the actual FDA.
Yesterday it WAS actually approved by the FDA.......but I did see some poster stating that yesterday's PR was old news and it was actually already approved "last month".
And this poster was/is getting thumbs up by others.
Realization will set in sooner or later.
You'd be surprised at how many people see misinformation on these boards and take it as gospel.
And there are hundreds of viewers (non-posters) for every one poster on a board.
In my opinion this company will soon be bought out anyhow, at a much higher than current price, so this will all come out in the wash.
I see on another message board or blog site whatever they call it that someone posted that yesterday's FDA Approval was old news, that the approval actually already occurred a month ago. I see that a lot on these message boards about FDA stuff, people see the letters FDA and the word approval and right away jump to conclusion that the drug is approved.
What that poster actually saw was on March 9th the FDA (Committee) recommended approval 17 to 0, unanimously , that Committee is NOT the FDA, they are just a panel of doctors etc. in the field that are reviewing the drug in question.
So that poster was saying that the actual approval yesterday was old news and already built into the stock
price. The FDA does not always follow the Panel or Committee's advice and go ahead and approve, but in this case they did......and approved it early. The PDUFA wasn't due until May 13, 2015.
That poster that was posting misinformation was getting thumbs up..........so it just shows the ignorance of some on these boards, and the people that believe the misinformation given by them.
Unless that poster really knew the knew the truth , and deliberately posted BS.
But I do see that a lot of times that people think the Panel, or Committee are the FDA, when in fact they are not.
Then you'll have an idea where KYTH is headed.
KYTH has buyout written all over it.
Stevie Wonder can see this.
The fact that you rely on Zacks for your DD screams rookie loud and clear !
Who cares what Zacks rates a stock one way or another. Zacks is a husband and wife team that do not know much more than your average poster on these message boards.
Look at how their "articles" are written, pure neophyte.
Just ask yourself this simple question..........does their past earnings , or lack of earnings, have ANYTHING at all to do with this company NOW........going forward ?
That does nothing at all, your stock can still be lent out. Putting a high sell order on your stock thinking it will prevent a short sale is a myth.
The only time they can not lend out your stock in your account is if you have a cash account, NOT a margin account, or if you do have a margin account but you have enough cash that nothing is on margin. Here is a little blip on the rule.
"Brokerage firms can also borrow stocks from the accounts of their own customers. Typical margin account agreements give brokerage firms the right to borrow customer shares without notifying the customer. In general, brokerage accounts are only allowed to lend shares from accounts for which customers have "debit balances", meaning they have borrowed from the account. SEC Rule 15c3-3 imposes such severe restrictions on the lending of shares from cash accounts or excess margin (fully paid for) shares from margin accounts that most brokerage firms do not bother except in rare circumstances. (These restrictions include that the broker must have the express permission of the customer and provide collateral or a letter of credit.)"
Hardly anybody opens a cash account, most everybody signed a margin account agreement when they open their account.
Why do you have such a hard on for Jason Hart ?
Do you know him personally ?
In your case it's called swing losing, or day losing . After 10 years and you haven't run out of money yet ?
Something doesn't smell right here. Oh wait a minute.....it's the excessive B.S..