An announcement on Ampion could come any day, starting a buying frenzy.
With such large volume, who do you think is buying? Over 1 million shares yesterday - after all the secondary offering was sucked up. It's not small retail guys - it's institutions and money managers! Classic action is for the big guys to get the weak hands to sell low - and then it pops! Bigger sellers are likely the firms that got in at $3 - $3.50 and are taking that double profit. So we're getting a change in shareholder base. Obviously a LOT of faith in the company's future when buyers are stepping up to push this volume! Keep the faith!
Let no one whine about the offer price! I worked with many Wall St. analysts when in IR for a large firm - this is EXACTLY how you do a successful offering and get the big money on board - give them a chance to get in lower, it gets oversubscribed, no one else can buy the offering, the co raises a big chuck of cash for the future - and the stock rises! Why? Because the company's financial condition and outlook is improved - and we now have bigger institutions as owners - who normally follow up with BUY recommendations - else they wouldn't have bought it in the first place - but yes, to line their own pockets too. This is capitalism - with all its devious twists.
The fact that AMPE is UP when the offering was over $1.00 BELOW current trading price is all the EVIDENCE you need. Smart money will BUY MORE!
Think of it this way - some very smart people bought a total of over 1.2 MILLION shares today! It will be a successful offering and price will jump just because fear subsides. Look at what happened after the last offering! And that was a SMALL one.
Mr. C is RIGHT ON! From a technical perspective, the monthly and weekly charts are incredibly bullish! We have tested support in the mid $8's several times and held firm - then it''s moving up - which is a near perfect rallying pattern!