Virax Biolabs Group Ltd (VRAX)

[PStockPickz]

Grabbing some 3.50s seems all of these IPOs are getting a nice bounce eventually

[Lonewolf1]

Calling the bottom here for VRAX.

I’m in at $6.90

Let’s go reversal!

[AltJactUp]

VRAX has a Monkeypox rapid test. The CDC chart shows its spread. https://www.cdc.gov/poxvirus/monkeypox/response/2022/mpx-trends.html

[shmoopy38]

Illinois Gov. declares state of emergency over monkeypox | The Hill https://thehill.com/homenews/state-watch/3583235-illinois-gov-declares-state-of-emergency-over-monkeypox/

[shmoopy38]

CA Governor Newsom declares a state of emergency due to monkeypox outbreak https://www.latimes.com/politics/story/2022-08-01/newsom-declares-a-state-of-emergency-due-to-monkeypox-outbreak

[ipo_dude]

Omg this stock is crazy. Watch out in the AM. possible run to $18

[shmoopy38]

$VRAX #microcap #Monkeypox stock almost 60% off its AH seems to have a lot of upside potential IMO.

[Lonewolf1]

Need to see what this ticker does in the next few days.

Clearly, there is still a lot of dumping going on, even if today the net will likely be on the buy side.

Needs to get back over 14 or so to really move up towards 20 once again.

Whether it does that remains to be seen.

[KOmani]

Lots of things seem questionable.

If I got in at $8s, I would be happy with 50% in a day, probably would have sold half on the break of 10s with a stop that rolled up on the rest.

Been burned badly trying to hold longer than a day, so focused on shorter timeframe trades.

Maybe swinging works for you, just not so much for me recently.

[Lonewolf1]

You can still get in this.

I expect this to return to $20 within a few days if not sooner.

It needs to break the HOD of $13.75 and it will enter a large region of low technical resistance - this will likely take it back to $20 or higher.

JMHO

[KOmani]

Sad that I abandoned this as it opened above $5s

$8s were a great entry based on chart.

[Invest-in-America]

VRAX: Glad I grabbed $5K worth of THIS one, early this morning!! WHY?? Because RIGHT NOW, I'm havin' more fun than the proverbial, "Barrel of Monkeys" --- but WITHOUT "Monkey Pox"!!! (See vid., below!!)


"Hey, any of you Humans have a couple BANANAS on ya??!!"

[PStockPickz]

SIGA could be next VRAX broke out of downward channel

[starkd748]

See technicals only matter in an hot space with demand...oversold stochastic rsi = rebound....Love my 7s should have loaded those 5s Fri..

[starkd748]

Yup

[PStockPickz]

Halt

[PStockPickz]

Here's that $10 break

[PStockPickz]

Very likely imo

[Lonewolf1]

VRAX wants to jump.

$10-12 coming if not today, then tomorrow.

Should be back at $15+ soon.

[PStockPickz]

Beast mode!

[PStockPickz]

Halted . Snagging any pullbacks

[Lonewolf1]

VRAX could bounce big time from here, but right now somebody is dumping hard into this little rally.

Let us see how this develops.

It’s true that it takes very little upside pressure to move this. But the opposite is also true.

[PStockPickz]

Doesn't take much to get this moving !

[PStockPickz]

Think we get a solid bounce from here

[starkd748]

Yea but I care about technicals that's why I traded it

[KOmani]

They just did an IPO and put news out last week but couldn't bother with financials from March.

Not putting out financials in a timely matter is embarrassing for big board listed companies.

Yeah, I want to trade it as well, but companies should be punished for pulling crap like that.

[starkd748]

I played the monkey pox pump...Not enough chart history to go long...Its oversold but could keep dumping...Might buy for another pump until the stochastic rsi get overbought again...

[KOmani]

Also of note is that the company did not raise capital on the IPO, it looks like children of the CEO and COO sold shares.

Still might see a decent bounce here.

Just a number of puzzling things that don't seem very good.

We shall see if it was a short lived pump. Hopefully they didn't push through an IPO to cash out $10 Million.

I mean, it's impressive if that's all they did on a stock that's Nasdaq listed.

[KOmani]

Good day All.

This came across while doing a scan over the weekend.

Seemed interesting, but the company put a release saying they would be late in releasing financials.

The company also claimed that part of the issue is the ongoing IPO process.

That seems reasonable that there may be some delay.

Until you see the delay is for financials for the period ending March 31, 2022.

I don't know, seems like something they should have planned to have done nearly 4 months later.

Not saying there is no opportunity here, just saying a few things look suspect.