Wednesday, July 30, 2014 9:40:55 PM
I was a little surprized by your last post about doubting Dr. Bob. I was thinking his commentary sounded decent. but I know nothing about fundamentals. Folks have been making worthy posts these days.
It seems to me that when Price was doing ok ,around 80 cents,mid -hi 70's ...there was the latest offering made, I'd have to go back and read it again, but I remember thinking this latest dilution was coming at a time when the chart/price action was doing well, not a moment of weakness but holding some strength.... and that if this was the case, the managements timing was ok, to dilute from a strong place at a top zone /support zone.
I didnt expect to see price fall below 53 cents. it would have been good strength to see the 200 ma hold at 58 area. so it is a bit concerning to see ONCS flirting with the critical 41 cent bottom now.
Technically.... something has to happen to hold support and propel price with a bounce there. like a newsletter pump, or management pr...something, if not fundamental good news, I'll settle for a nice pump.
but better if it can be real at the same time.
I dont mind seeing a zig zag range between 41 and 61 for a while.
Otherwise, this could be a bad plunge if 40 cents stops get run.
I bought more today at 45.
but I think I will need to trim some at 70. will see when it gets there.
Sal, why do you suspect Dr.Bob...can you explain. dont make me go and read all your old posts to find out. I wouldnt be able to take it....LOL
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