"Fortune Favors The Bold"
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That's not nice.
U.F.O.
Hey penn! Just dropped by to see how you LT Longs were faring. I don't guess the stock ever made that trip to $30+ like some were crystal balling.
U.F.O.
If iHub would let me pull up my posts from a couple years ago I'd be happy to show you where I posted the sale in real time. I was pi$$$ed at the time because I sold so far off the highs! No bragging here. Just happy I got out before it went teats up.
U.F.O.
Wow! I sold out a while back ($16.14) and haven't been back to this board in a long time. $AMRN even has a new President now! I don't guess longs are still planning celebratory trips to Las Vegas, eh?
U.F.O.
Just announced phase #3 results rocked. Stock is on the way to $10+.
UFO
Go Marinus!
UFO
To those who follow Arch closely. Since I sold my position I don't get those notices anymore.
UFO
They just voted to raise the outstanding shares from 300 million to 800 million! Are you reading this? They're going to dilute this company until it disappears!!! If you still own any Arch, for God's sake take what little money you have left and RUN!!! This thing is going sub-penny in short order.
UFO
Rally high on Gold today.
UFO
On the move!
UFO
Go Marinus!
UFO
Yeah Poly...you just listed most of the reasons that 95% of us flew the coop on this pig a loooong time ago.
UFO
Looks like a move is on.
UFO
Hey Penn. I'm really out of the Zynex loop. I wouldn't be your best analyst right now, especially with Covid running amuck! Question? Aren't a large percentage of Zynex revenues still coming from insurance, including Medicare/Medicaid?
UFO
Hey Gold-Bugs! Welcome to the newest PM board on iHub.
UFO
Yeah penn, I saw. Interesting. I wonder how long it'll take to get some independent test results back on it?
UFO
Hey Penn. Everything here hinges on how the stock performs at this level just above $12.00. Previously, it's failed at $13.10, $12.56 and did so also at lower levels, like $11.40 and $11.27. Bottom line is every time the stock has gotten a bit overbought, short-sellers have come in and spoiled the party. It's making a run for $13.10 as I type. Let's see if it's able to break out this time.
UFO
Thanks!
UFO
Best of luck to you. I was in Zynex large at just over $1 and sold everything at $10.50, subsequently going long the gold market. I'm up there about 30% over the last 6 months, so don't be too concerned about my market timing.
https://seekingalpha.com/article/4297802-zynex-abusive-pricing-model-unsustainable
UFO
That's what makes markets. You think analysts earnings estimates on Zynex are way too low and someone out there with much deeper pockets than mine is willing to short "25%" of the stocks float because they think it's overvalued. All I know is about 7 times since last June the stock has tried to punch through and hold the $11-$12 range and has failed and been rejected 7 times. That troubles me. Now it's back to sub-$10 again. This stock is actually a dream stock for a swing trader. Buy at $10, sell at $11.50, rinse and repeat. Personally, I'm trying to get out of ALL stocks, unless they're precious metals oriented. Equities are due for a BIG correction and I see gold going to $2,000+ during that time-frame.
UFO
All I've seen them have an issue with is one trial. Now they have a treasure chest full of money and some aggressive money manager backing. IMHO, this would be the WORST time to bail out on the company. Did you read the corporate outlook that was released today? They have about 4 trials in progress and the ability to fund them all. You think ganaxolone is going to fail on all of them? I like the odds here. At the least I think we'll see a rally into the Phase 3 results that we'll see later this year. Go Marinus!
UFO
Weak close.
UFO
Great numbers. The shorts got caught flatfooted! Going into this morning Zynex had about 25% of the float short. That's 4mm shares that would take 16.4 days to cover at recent volume traded. The numbers were good. What's a little troublesome is the stock is now trading at about 43 times estimated earnings. You'd have to be betting that Zynex would have 100% revenue growth quarterly for the foreseeable future to not be worried by that, at least a little. Congrats to all you guys who have hung in there. It was looking a little grim 3-4 weeks ago. Now the stock is back to about the level I sold mine. Some might view today as a gift and take a little off the table.
UFO
Agreed. I've never seen a stock rally like this as a "major" financing is going on! Somebody knows something...just saying...
UFO
Go Marinus!
UFO
If they get GREAT results from their phase 3, this is a $40 - $50 stock!
UFO
Gap higher! Where are all you Marinus holders? This baby is on the move!
UFO
If TS wants to help support the share price, the best thing he could do dividend-wise would be to stop with the special dividends and pay "normal" annual dividends like clockwork. Sure, it's great to get that unexpected financial windfall, but $ZYXI could attract a WHOLE NEW universe of investors if the company became known as a solid, steady "dependable" dividend payer.
UFO
19%, but your point is well taken. Bloodbath is not an exaggeration.
UFO
Sure. That's what hedge funds (as just one example) do all day long. On a stock with options, a lot of guys go long the stock and buy puts, which are another way of shorting. If you're talking about institutions like money managers, no they don't short stocks. Most all of them are "long only" players.
UFO
Yesterday was a consolidation day for $MRNS after a breakout Wednesday on heavy volume. The stock looks to be up a few pennies in the pre-market. I'm looking for signs that this recent positive activity has legs. I like to add to winning positions, so I'll be watching carefully for how the stock reacts to the $2.00 level (if it gets there). Between 9/4 and 9/26 an earlier rally attempt was rejected there 4 times. A close above $2.00 would be a HUGE buy signal on Marinus!
UFO
Great close! Does everyone understand what's happened here today? After announcing a HUGE common/preferred equity financing, on 13 million shares traded, this stock is closing up over 38%! Most of the time a dollar stock would trade DOWN 38% on news like that! People, this is Big with a capital "B"!!! If we get follow through tomorrow, then Marinus cover is blown, pure and simple. There's news behind the scenes that's pushing this price/volume action, nothing less! Might be time to load the boat with $MRNS!!!
UFO
Sure. Also, Marinus had gotten to a critical part of its research after hitting phase #2 milestones back in Sept., where it needed cash to complete phase #3. The announcement of this successful sale and private placement takes away that burden. This likely contributed to short covering this morning on the news. You also probably noted that Marinus did not announce any kind of reverse split to go along with this sale today. This likely means Marinus expects their new buyers will be able to support a share price high enough to take a NASDAQ delisting off the table. Marinus is now a buy!
UFO
The stock is trading almost like a "hot new issue" on an IPO. I have a couple of guesses here as to why this is happening. One is a huge preferred private placement is selling along with the common. That leg of the sale won't be immediately dilutive to the common AND it shows that someone out there with very deep pockets is making a big bet on Marinus.
UFO
Why is this news of the preferred stock sale rallying the stock?
UFO
I'm back in.
UFO
I'm showing 3.8mm shares short, which is 23.4% of the float. That's a HUGE short position...relatively speaking. At average volume, that would take 17.4 days to cover. You never know for sure, but usually institutions hold most of the shorts. Support has held this morning here at the 50 day moving average. A close below $10 would be negative short-term.
UFO
Breakout on large volume. Great day for ZYXI longs!
UFO
Let see if the stock can close above that 100 day moving average. It sure does look strong right now.
UFO
If I remember correctly, if you own stock in your cash account, no, they can't (or usually don't) lend it out. On margin accounts, yes. When you sign a margin agreement with most brokers you sign over to your broker the "right of hypothecation" or "right of substitution". I don remember what it's called exactly, but it allows them to lend your stock. People get concerned about their stock being lent out needlessly, IMHO. Yes, it gives shorts the ammunition to put on a short position, but when those same shorts are forced to cover it provides a powerful buy pressure to the stock. I don't use a margin account anymore. Learned a valuable lesson back in 2000 when the NAZ crashed.
UFO