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this stock definitely wants to go higher....
am i right or am i right?
check the 5 day chart........it pops here and there with a good spike in volume on the upside.......
a few more trading days and it will be above 1.60 plus...
defintely a floor around 1.40
i personally like this because of the limited risk with all its cash,,,,,,and maybe another 18 mil on the way
good choice mr miami
i'm glad you made some cash.........now its my turn to make some cash on this swing play.........why dont you buy some under 1.45 and make a nice 30% to 40% within 2 months or less...........
LUNA Got down to 1.43 Monday and 1.46 yesterday. I chose to cover as fundamental market weakness was absent.
1.35 continues as first support.
Sec 4 filing shows the departing founder sold a portion during the news rise.
http://www.sec.gov/Archives/edgar/data/1239819/000144530514000126/xslF345X03/wf-form4_139085884208805.xml
very neighborly reply.....
and thats fitting since i live in Miami too....... yes I was sincere and thanks for not taking it the wrong way.....
It is in your favor to be short on the majority of stocks going into monday with the broad selloff and us being near market tops.....
But specifically with Luna I simply think you are taking too much risk for potential if youre still short........stocks are rare to actually trade close to cash levels unless they are BURNING thru their
cash rapidly like bbry was doing......Thats not the case with luna..... this 1.50 range may be the floor.... or the computer generated selling may offer me an even better bargain and i would add more shares if it drops below 1.50....
but why short for another 10 to 20 cents when this can reverse anytime and go up 30 to 50% even within a day from here.
just my opinion and good luck to you.
ps........I would bet big money the founder has sold his entire position by now....only big selling may be computer generated from here on out.....
but there can also be buying as this micro cap just became a small cap and opened up to new fund potential/limitations
LUNA Support is currently 1.35 and resistance 1.70
http://stockcharts.com/h-sc/ui?s=LUNA
LUNA Mkt obviously didn't like the news- PPS dropped 52%- from 3.36 HOD Wednesday to 1.61 LOD and close Friday.
Closing at LOD Friday is another tell.
http://stockcharts.com/h-sc/ui?s=LUNA
mr. Miami Gent.....
Hi styl
if you are still shorting this at 1.60 you obviously have a death wish.......... since the story more than 11 million shares have traded in those 3 days..................and all he had to do was to sell 2 million shares.........if he was smart and i do believe he was.......he was selling on the very first day when 6.5 million shares traded after anouncement........above 3 dollars a share..........why would he wait?? and why would he wait after that conference call when the ceo told everyone??
No way of knowing when he sells but we do know he's likely to add a large amount of shares into the retail pool. That's dilutive, of sorts.
this sell position has been sold and this is near cash value,,,,,,,if they get the 18 mil milestone payment That's a big if then they have 33 mil in cash I think it prudent at this time to just count on getting the $12M and a market cap of 23 mil........are you trying to fool us?? No, I have a 20K post history of sincerity, unlike some with scant history.
i'm doing you a favor by say ing this......"fill your short Now"
I appreciate your taking the time to compose this message and I would not doubt your sincerity- that's not my style.
I shorted EOD Thursday and am up 7.77% in one day. Normally I would have taken that as it's 1,958% annualized but, and I ought to have mentioned this in my post to be complete, I also held my three for three successful one day shorts over the weekend due to overall market conditions. Playing a hunch we open down Monday offering more.
otherwise youre just pulling our leg so you can buy cheaper
Suggest building some depth to your personal page/post history for enhanced credibility, styl.
GL!
MG
mr. Miami Gent.....
if you are still shorting this at 1.60 you obviously have a death wish.......... since the story more than 11 million shares have traded in those 3 days..................and all he had to do was to sell 2 million shares.........if he was smart and i do believe he was.......he was selling on the very first day when 6.5 million shares traded after anouncement........above 3 dollars a share..........why would he wait?? and why would he wait after that conference call when the ceo told everyone??
this sell position has been sold and this is near cash value,,,,,,,if they get the 18 mil milestone payment then they have 33 mil in cash and a market cap of 23 mil........are you trying to fool us??
i'm doing you a favor by say ing this......"fill your short Now"
otherwise youre just pulling our leg so you can buy cheaper
LUNA Founder likely to be selling his shares..
http://stockcharts.com/h-sc/ui?s=LUNA
Listen to the CC
Stated by company that founder just left to devote energy to his new business, that he needs funds to do that and his money is tied up in LUNA stock.
The clear inference is he'll be selling his Luna stock.
I would imagine he would be taking advantage of this news pop to commence selling (he's has a lot to sell).
Given the low OS, I expect to see continued weakness in the PPS due to this likely selling.
I am going to hold my short longer..
MG
LUNAtic RedDay.May gain some green Tickle$ tomorrow for the Longs...and for some Beer Friday.
I've been thinking the same thing.....
4 sizeable locations in Virginia! Very informative website!>>http://lunainc.com/about-luna/locations/
"$18million upon certain technical milestones"-(integrity) :^)
Nice 8k definitive agreement out today!>>http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9719249
NEWS ITS GOING TO THE MOON! LUNA
Yes. Me. But I only own 2000 shares since 2010. Nice day today nonetheless!
LUNA $1.61 Luna Innovations and Intuitive Surgical (ISRG) extend relationship (LUNA) 1.61 +0.09 : Co announced that it will be extending its development work through 2012 under its development and supply agreement with Intuitive Surgical, Inc. (ISRG), as they work towards the integration of Luna's shape and position sensing technology into Intuitive's medical robotic products. This extension is to the multi-year development and supply agreement the companies entered into in June 2007, under which Luna would supply and license to Intuitive its fiber-optic based shape sensing and position tracking system for use in Intuitive's products.
~ Monday! $LUNA ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $LUNA ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=LUNA&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=LUNA&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=LUNA
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=LUNA#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=LUNA+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=LUNA
Finviz: http://finviz.com/quote.ashx?t=LUNA
~ BusyStock: http://busystock.com/i.php?s=LUNA&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=LUNA >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
LUNA – Bullish Long Term Consolidation, Watch for Signs of Life
http://onlycharts.com/2011/05/26/luna-bullish-long-term-consolidation-watch-for-signs-of-life/
I am the only one enjoying the ride???
Luna Innovations Reports Third Quarter 2010 Financial Results
http://ih.advfn.com/p.php?pid=nmona&article=45158194&symbol=LUNA
Luna Innovations Announces Fourth Quarter and Year-End Financial Release Date of March 4, 2010 at 5:00 p.m.
More insider buying as of late.
LUNA is located in my hometown. I put this stock on my watch list when it was 1.19 or so....... I made the wrong decision not to buy. Next week I think I may get in. Good company.
Probart, what will happen to common after emerging? are they going to issue new shares or keep the old one? Congrat to all of you, this was a good play and I missed it :(
Stock is getting the attention it deserves. eom
Luna Innovations Could Emerge from Bankruptcy as Early as January 12http://ih.advfn.com/p.php?pid=nmona&cb=1261171645&article=40831504&symbol=N%5ELUNA
http://www.roanoke.com/business/wb/229503Luna case is finally resolved to satisfaction
The Roanoke company agreed to pay a $5 million fine and give Hansen Medical nearly 10 percent of its stock.
By Katelyn Polantz | The Roanoke Times
Luna Innovations Inc. and Hansen Medical Inc. have reached an agreement that will give the bankrupt Roanoke company a chance of survival. A settlement announced Friday will end months of court disputes over a cash demand from Hansen that would have crippled Luna.
"This is something that we've worked hard at," said Scott Graeff, Luna's chief operating officer. "It was a very big struggle for Luna to have to go into Chapter 11 bankruptcy."
Hansen will earn a license to use Luna's fiber-optic technology, and the Roanoke company will develop and supply products to Hansen's specifications. Luna already supplies and has a license agreement with Intuitive Surgical Inc., a Hansen Medical competitor that makes minimally invasive devices used in surgeries.
After Luna began working with Intuitive Surgical in June 2007, Hansen accused Luna of stealing its trade secrets involving a robotic catheter used in high-tech surgeries. After a four-week trial, a jury in April found that Luna breached its contract with Hansen and misappropriated trade secrets. It ordered Luna to pay $36.3 million for the violation.
Luna, unable to pay the amount, filed for bankruptcy in July.
It agreed Friday to pay Hansen $5 million instead over the next four years.
The agreement also will make the license for Luna's fiber-optic product co-exclusive with both Intuitive Surgical, a medical robotics manufacturer, and with Hansen.
"One of the reasons this took so long was because we had a third party involved," Graeff said, referring to Intuitive.
The licensing agreement won't hurt Hansen or Intuitive, said Sameer Harish, an analyst who covers the two companies for Needham & Co.
While both manufacture robotics for medical use, they don't compete directly, he said.
The settlement will cut down the risk of future litigation, giving them "a little more freedom to operate," Harish said.
He recommends holding Hansen's shares and has a "buy" on Intuitive.
Luna, headquartered in Roanoke with offices in Blacksburg, Charlottesville and Danville, develops and manufactures products for the health care, telecommunications, energy and defense markets.
Luna expects to emerge from bankruptcy in 60 to 75 days, depending upon a court's approval of the settlement, Graeff said.
"In our case, this settlement with Hansen was critical in deciding to tell the courts, 'Here is the plan' " to emerge from bankruptcy, he said.
Luna pledges to pay its creditors back in full once that happens, Graeff added.
Luna will grant 9.9 percent of its outstanding common stock to Hansen and guarantee the company can hold that minority position for three years. At Friday's closing share price, that percentage will total $1.6 million.
Luna's shares fell 2 cents, to $1.47, at 4 p.m. in Nasdaq stock market trading, before the settlement's announcement was released. The stock has tumbled 30 percent since a year ago.
The companies will release all other outstanding litigation claims.
Darn, those attorneys must be getting mega rich at this rate. For the fifth time, bankruptcy Judge William Stone on Friday agreed to let another deadline pass
No position currently but watching for the first signs of life.
Plan came together, sweet!
Are you watching the action? Twitching, squirming, 20% spreads. Guess that is what happens with a small float waiting for substantial news.
Watching LUNA level II is an education! Massive spreads and the bid and ask jumping around not knowing where to go. If the news is positive and gets this company out of bankruptcy it will do a huge jump to the upside with the small float, as it has done in past months.
Bad news, who knows where it will end.
Thanks probart, nice, Attorneys still working out details of Luna Innovations settlement
Luna acting like news leak, just bounced up 40% on low volume. Lawyers asked for details of settlement postponed to Nov 6th. If news any good this could be a double bagger. I got back in today @ 1.30
Judge delays decision in Luna bankruptcy case
http://www.roanoke.com/business/wb/221854
Judge delays decision in Luna bankruptcy case
By Laurence Hammack | The Roanoke Times
Related
Previous coverage
Tentative settlement reached in Luna Innovations case
Luna tellscourt it's on brink of failure
Luna posts net loss for second quarter
Bankruptcy has cost Luna contracts, employees, official testifies
Luna Innovations files for Chapter 11
Luna challenges $36.3 million verdict
Luna at risk of being removed from Nasdaq
Verdict guts 1st quarter for Luna
Suit winner files to keep Luna Innovations Inc. from moving assets
Luna stock down but not out after verdict
Luna Innovations hit with $36.3 million jury verdict
A final settlement of a $36.3 million verdict against Roanoke-based Luna Innovations Inc. is at least three weeks away.
Two weeks after reaching what they called the framework of a settlement, attorneys wrote in a letter Thursday to bankruptcy Judge William Stone that they need until Oct. 29 to close the deal.
Luna filed for bankruptcy after a California jury ordered it to pay $36.3 million to Hansen Medical Inc.
Hansen had accused Luna of stealing its trade secrets as the two companies explored the possibility of working together to develop a catheter for high-tech surgeries.
By filing for bankruptcy, Luna created the opportunity for Stone to determine how much it should have to pay Hansen. But over the past three weeks, attorneys on both sides of the case have asked Stone several times to delay his decision while they work out the details of the settlement.
Thursday had been the most recent deadline until Stone agreed to an extension to Oct. 29.
While terms of the tentative agreement are not public, Luna officials have said the amount is one that would allow the company to emerge from bankruptcy and pay all of its creditors in full.
http://www.thestreet.com/story/10609140/1/luna-innovations-pump-up-the-volume.html
Luna Innovations: Pump Up the Volume
By Robert Holmes 10/08/09 - 03:24 PM EDT Leave a Comment
Stock quotes in this article: LUNA , HNSN
ROANOKE, Va. (TheStreet) -- Luna Innovations (LUNA Quote) shares jumped higher at midday Thursday on a surge in volume after the company received a grant for electrochemical capacitors.
More on LUNALuna Innovations: Pump Up The Volume
Market ActivityHansen Medical Incorporated| HNSN
DOWN
Luna Innovations Incorporated| LUNA
UP
Luna Innovations was lately up 34 cents, or 17.8%, to $2.25 on volume that topped 1.1 million shares. The stock has a three-month average daily volume of 452,000, according to Yahoo! Finance.
The spike in share price and volume came after reports that the Department of Energy listed Luna as receiving a grant for a project that will develop high energy and high power capacitors suitable for use in hybrid electric vehicles.
A telephone call to Karin Clark, director of marketing and communications for Luna Innovations, was not immediately returned.
Luna Innovations has a 7.7 million-share float with about 2,000 shares short as of Sept. 10, according to Yahoo! Finance. More than 44% of the company's shares are held by insiders with another 4.9% owned by institutions.
Luna Innovations shares have seen above-average volume over the last 10 trading sessions, sparked by a report in The Roanoke Times that Luna and Hansen Medical (HNSN Quote) "have developed a framework for settlement" that would reduce a $36.3 million jury verdict against Luna to a more manageable sum, according to a letter written to bankruptcy court Judge William Stone from attorneys on both sides of the case.
In 2006, Luna was set to apply its nanotechnology instruments to assist Hansen in developing catheters used for heart surgery, but the deal fell apart after Hansen accused Luna of sharing trade secrets with another company. A jury eventually ruled against Luna, and the company filed for Chapter 11 bankruptcy protection in July.
Read more about today's high-volume stocks like Euro Tech Holdings in earlier "Pump Up the Volume" posts.
-- Written by Robert Holmes in New York.
LUNA DOE report link
http://www.science.doe.gov/sbir/awards_abstracts/sbirsttr/cycle27/phase1/p1_award.htm
Luna Innovations Incorporated Harsh Environment Sensor Packaging
1 Riverside Circle (Sensor Pack)
Suite 400
Roanoke, VA 24016
Housing of fiber optic harsh environment sensors is proposed for universal power generation compatibility. These sensors, once applied to the power industry will enable US energy independence by enabling efficient clean coal and by improving other fossil fuel based power production efficiency.
I hope they were not softening us up for a bad settlement amount. Maybe some more good news today.
Yes baby! Ha Ha I was off by one hour and the wrong news but still got the pop!
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