is......still alive and kicking
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frrol: here's Missling's Definition for OLE:
Often Late Everytime
This might be of some interest to those invested in Anavex....Karuna has PDUFA on September 26th if I remember it correctly!
Hey, I just found it using a search:
The Prescription Drug User Fee Act (PDUFA) date for Karuna Therapeutics' (KarXT) schizophrenia treatment is September 26, 2024. The FDA accepted Karuna's New Drug Application (NDA) for KarXT on November 29, 2023.
OK, I computed appx same price objective, I.e. $6.32 so close enough, but I would think based on my view that it might go higher on a break out to at least the $7 area & much higher towards $10 (if $7.50 is surpassed)....but I realize that you trade for quick turns and go flat once realized.
That's the way I see it, too, Tom!
Cheers, Steve
Kevin:
Just catching up!
Wishing for news is not what most TA people wait for, they normally just go with the flow and get it right a bit better than 50% of the time...
😀
Leo:
Just came in from outside, will catch up now with several messages & then will read them! Not quite certain what you mean by 15%? Do you mean a move up from the $5.50 area to $6.32? I'm using the last "hump" which was the down sweep (about 11 days ago) as the area to be surpassed as a move up towards $6.50 or so and if broken it would then, imo, open up an advance to at least $7.50.
What a potential "set up" for an advance!
The reaction to the rate cut with the very light decline provided the bulls a great reason to surprise the market today if the futures are accurate. The $IBB and $XBI look right for a big push up which might just give $AVXL a reason to move much higher (hopefully above the down slant hitting around $6.20 to $6.25 appx.
Yes, Investor where in the heck is the TLR? why is this being held up? results?
Ken:
We recently learned that my wife who never has had ANY medical problems has just been prescribed some drops which I have to put in every day for her since they see glaucoma developing and is scheduled to see our ophthalmologist on 9/24...she was referred to someone who handles both glaucoma and cataract surgery....I had both eyes done last year for cataracts and don't require glasses for distance, just reading....give me advice if you have something I should consider.....no macular degeneration nor a vitreous hemorrhage was mentioned, this is her 3rd doctor in the office, mine said she needed to see someone else, then the new doctor referred her to this one (all in the same practice)....best, Steve
Tom:
Maybe it holds, so let's see how the next 2 days help to establish a potential inflections level! I'm just standing pat for now.
Steve
Both the $IBB and $XBI both look better to me! ha ha.....so let's expect $AVXL to catch up....😃
Gundlach Interview on CNBC: this is one very smart person and I think he's correct...looking at Commodity Prices kind of points to a weaker economy....look at Energy Prices with Crude Prices hanging near their lows! Refreshing to hear his points.
3 Days dancing around the 200 day sma and the price level seems ok to me, so I'll probably get hit on "Terrible Thursday"....I kind of like where the price is albeit without conviction with price and volume!
Not far away from breaking the down slant line @ around $6.20 to $6.25 so I should expect an effort by the mm's (and their buddies, the hedge fund guys) to put a big effort to stop the push up from happening, if not we might just surprise.
that makes sense, boi568
I sense that the people who are borrowing money, I.e. using their credit cards to pay ongoing bills will have a big effect eventually with minimum payments so the banks will be reducing access and the borrowers will be overwhelmed and will stop "buying things"....not sure when but I think it will stop the consumer from spending.
Abe:
I agree that Dr. Jin was hired to be involved actively and not passively!
His purpose is to add strength to what is hoped to be a good drug in order to obtain FDA approval, but I think Missling has decided that the EMA will enhance eventual approval in the USA, so let's see if an actual EMA filing takes place.
The world approval process would be best if every country made an effort to work together on major medical diseases which are draining world wide monies!
Lacey1
Best wishes to you and I agree that supplements are helpful.
Your journey was and has been so much more difficult than mine and it had really sent me into a deep depression at that time when I had been healthy my whole life until I was shocked with the news of having a Stage IV diagnosis with blood cancer, but I have survived for more than 10 years now.
Both of my adult daughters in their 50's also had breast cancer and are doing well, too, after a tough time.
Life is full of bad happenings and is a reason why Family is always good to have, so we hang on to each other and remain very close!
Hope you continue to do well!
Kentucky
For me, it's a little early to make a reasonable call so I agree with you on VOLUME....we have been able to get above the 200 day which I saw hitting $5.51, yeah we are above that now so that's a positive! I'll give both OldMystic and Investor a tip of the hat....I thought the 2 day effort at breaking the 200 day and subsequent failures were indicative of yet another failure at that resistance....my bad
I think we need to see the rest of the week..
As a side note: The Weekly has also worked back above the 50 week area (1 year)....and a break above around $6.20 (down slant on the line chart) would once again point to the $10 area...
Tom:
I'm just standing by and enjoying the 10 cent moves...ha ha.....but I am focused on the 200 day sma which currently is at $5.51, so I will await 3 things:
a) a break above the 200 day ($5.51 as of today)
b) volume
c) a break below $5.00 on volume which occurred only 2 days ago
In the meantime, let's wait to see whether that open gap that Kentucky mentioned at $4.20 is a target for the next down move....I'm now being like that guy from Missouri: "Show me"
Looking forward to visiting my granddaughters (the 20 year old twins) at college with the whole family! We are also again making plans for a Christmas vacation at the beach this year.....this time we've invited my oldest granddaughter's boyfriend since they just moved in together. We thought he should be there since they are a couple now...he's a couple of years older (25) than her and works as an architect! They met at college and were both on the swimming team there.
Cheers, Steve
You are correct, it is history but does show where the feet are going in the snow...you can get some indication of the future (without any guarantee) and you have to assume the direction will continue until you are slapped in the fact. The big guns know what they have planned and will set up many for a rude awakening...me....LOL
oldmystic
Thanks for those charts! Although I have adapted to Tom DeMark's counts and use an 8 or 9 count for overbought or oversold I don't wait for the normal 13 to appear, so I see the oversold reading but use other data in order to adjust my thinking, so for me, the breaking of the 200 day was important and I need to stand aside for awhile to try and get a handle on this. Elliott Wave seems to me to have given an indication of 3 waves down which might lead to additional downside (4 & 5), so Kentucky's $4.20 seems reasonable which is a gap. I'm also aware of the last hump at around $4.75 which might serve as a stopping point. I'm unsure so I am flat.
The reverse H&S is not clear for me, so again I am flat at this point.
As we again approach the 200 day and surpass it with volume is most likely the spot I'm waiting for ($5.51)....on the weekly, we have turned back under the 50 WEEK level (1 year), so I'm in doubt at this point.
This stock gives me little confidence at this point and especially now I have little faith in Missling who continues to present at conferences but has nothing good to add, he's seems to be trying to push the cart uphill for "potential news", but the market does not have any confidence in him. Volume stinks!
You do realize that those are struck at .92 cents, right?
My thinking is he is willing to stall for a while and says "screw the price right now", if things work out I'll just exercise earlier. this time..."surprise" ha ha
Ken
Look at the volume now, so I agree.......it stinks and does not show anything but possibly someone holding out a basket to catch some shares from frustrated longs...
Best, Steve
Investor
Missling is not my favorite person because of the way he addresses medical data revelation and normal protocols in dealing with shareholders....he lacks empathy.
George might be better off just letting us know about interesting matters that are current and available for investors without daily forecasts on price; but I do think he offers information that are not mentioned here.
I don't like to point fingers, but in the case of Missling I see that he seems to be working for his next "salary related option grants" coming up in early 2025....a big chunk, 500,000 !!!!
Kentucky
Yes, you are correct on the longer term trend; my focus was after the low of around $3.50 in May of 2024 developed into an uptrend hitting around $7.50 and looked (to me) to be a welcomed change in trend from down to up; it seemed (to me) to follow a nice path with a "reasonable target" of around $10, but sadly I was wrong!
Leo
For me, the trend was confirmed down after the 200 day sma was broken and then had a one day kiss back to that level (appx $5.55) and failed. I will have to see how it does over the next couple/several weeks before making a judgement on the trend which easily can be wrong. See Old Mystic's comment earlier on me being a contrary indicator aka "the kiss of death"
So, whether I'm right or wrong I need to see more trading history.
Yes, the price has been trending lower from the $7.50 level but did indicate 2 support levels at $5.77 and $5.55 both of them failed.
You are probably correct, oldmystic! As the saying goes: "when in doubt, get out"....ha ha
Tom: Good luck on your entries, as I mentioned I'm standing aside for several weeks therefore it's best for me to just observe the trading and not even attempt to make a call.....Kentucky did mention the open gap @ $4.20....for me, I'm disappointed and just needing to stay away since the trend is down in my view.
Jimbo50
I don't know about you but I am not happy about the decline from the 200 day sma level; it's certainly does not look good to me in the coming days without some surprise and important favorable news! I guess the wait will be at least until October or November....or later!
We need several more weeks of trading action to get a handle on this risky stock....I've got to pull in my horns & step away for a bit....I found that the breakdown below the 200 day sma punched me in the gut!
😩
Mike:
I know it's hard to admit, but I now have no argument for the price going down & I have no sense of where the low might be put in either! I'm trying to be bullish but I also have no indication of where news might come from until William Munny's estimate of October or November!
Very disappointed in the price, so a move down to close the gap right below $5 is my best guess.
I still feel we need several weeks of price action to even get a slight handle on what's next....no confidence at this time!
North has been around biotech for a long, long time! I'm glad he decided to post recently...he is normally on Dew's board.
Yes, Tom the look is bearish & the touch to the 200 day sma was the kiss off!
Don't know how far down from here, but who knows? There is a slight gap below $5.....I give up!!
Kund has been most accurate in describing Missling........
Well, if it ain't a wallet or a comb, it must be a schedule for releasing......something
Why does Missling present when there is no worthwhile progress or update of importance; it just does not make sense to me! The market players have sensed that and therefore have hit the stock today...lousy volume, no interest.
I keep thinking he has something in his back pocket, but he forgot to take his wallet........ha ha
Thanks, George....that's "up to date information"; from my memory is the first time someone from $AVXL (Andrew Barwicki) was allowed to make such a public announcement!
Nice! Thanks for these nice charts, I certainly see the ascending triangle on the weekly....I've been outside most of the day since this morning and cleaning up things in the backyard, damn it's getting much harder than in prior years...ha ha!
AVXL certainly looks lousy with that slight gap below looking like a target.
Yes, but hardly anyone thought that their account would be liquidated by the firm they did business with without notice to protect the firm servicing the account. Yes, attempts were made to contact them, but if no response the firm had the legal right to sell them out and in some cases left with a negative balance.
It would be easier just to post when a purchase or sale is made....."mark to market" is a term in the brokerage business I have always liked since it points out where you stand in the market during bad events....it does not apply here, but it certainly did during the Crash of 1987 when ALL of the brokerage houses were calling in margin calls and liquidating every 15 minutes without notice......market dropped 20% in one day.
Some clients were outraged when their accounts were completely sold out, but it was a big learning lesson for most who carried margin at that time!
I remember some very large accounts having DEBITS after they were liquidated, several were actually crying on the phone.
The stocks bounced back, but IT WAS TOO LATE.
right! you are do you need a car?
Hey, it's 5 o'clock somewhere
I have to agree, the thing is once the 200 day sma broke down below (more than a plus or minus) $5.55, the bounce back was not strong....hence, I mentioned that I would wait several weeks before a re-look. Today was lousy and it's hard to argue with Old Mystic's Model of $4.48 at this point.
As far as news and Missling is concerned, I don't expect anything from him even though he is facing the firing squad on his empty promises...."do or die"
My tactic: is stand aside and wait for a couple of weeks
ouch! but honest!