to giver the appearance of a seal of approval when there simply was none,
like getting approval to take a test because the application was filled out right, not an approval of any test results
the wild wild world of biotech spec
you do realize he already effectively took over the company for pennies so to speak, so it is highly improbale that he would short his own asset, a company with significant cash needs and now a very inflated price at 19.00. his trading profits on his avxl short could have been enough for him to buy control of kbio
you could have bght kbio last friday after hours for .20, now about 19.20
a measley 10,000 shares for 2000.00 into 192.000 in 3 trading days
nobody could have seen that coming
the wild wild west of biotech
you don't need to have twitter to see someone's tweets
google jfindallas and the twitter pops up, then link on $avxl, af will pop up
most traders don't remain short a stock that drops from extremely overbght with an rsi of 80 to an rsi 31 after a 7 day or so 80 percent drop
i believe kbio actually dropped as low as .10 last friday on the liguidation news, incredible move after hours
the wild wild west of small cap biotech
i believe it printed .10 last friday after hours when the liguidation news came out
what about tonights in kbio
from about 2 at close to over 16 tonight
ceo of turig pharma had bght 1.2 million shares of the 4 some million outstanding after the company said it was liquidating last friday and was at .10 friday after hours, the wild wild west of biotech
oh really? they got an approval to submit a plan for approval for what they are calling 2/3, big dif
the funny thing is, looking atthe daily chart today, as opposed to yesterday, it looks like an oversold print of rsi 30 for yesterday, only took an 80 percent drop almost in a direct line, not quite, to get there. Rare that it takes an 80 percent drop to get to oversold
dude, that knife fell from 14.86 to 3.16, and that's a long long long way for a knive to fall, from a brand new 52 week high and excessively overbght to an 80 percent drop off the top until it stopped.
averaging down into a declining position is just plain dumb
I remember when this was 20.00.
one stock having a good day, AVXL, now of course it dropped from 14.86 to 3.16 in about 2 weeks, up over 70 percent today
there is no cup and handle formation, there currently is a bounce after a mere drop from 14.86 to 3.16, and in the process filling the gap on the chart from yesterday. Too funny that the announcement of proceeding to the kind of testing.studies that af and jfin said were needed confirms precisely what they said (af and jfin) about the test results released on 11/07/15
so ask avxl how much cash they raised by selling, and if not, why not, if they need the money, the share price would likely be far lower
by george, someone is beginning to see the light, the higher the avxl sell l, the less dilution, the lower the sell, the higher the dilution with shares for zero money paid for shares to start with.
Missling is one guy among many players, it would seen, least of whom are the actual employees of the company.