Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
SMF, did you attend the open house?
I've alway wondered if the FDA reviewers themselves are able to trade based on their knowledge of upcoming approvals or if their personal trading practices are somehow policed......talk about those in the know.
I don't suppose the two of you would care to elaborate as to what exactly it is you're talking about? You've peaked my interest.
I am confident in my investment and do not need to take the word of a complete stranger and new-comer to this board to verify what I already know to be true.
The last correspondence I had with Mike Nessen he indicated the following;
1) Dean is extremely happy with the new review team and "gives them an A+"
2) The folks at Imaging 3 expected a response from the FDA by the middle to end of May. He confirmed that they are on "Fast track" status with the FDA, but also joked that this is somewhat of an oxymoron.
3) The 30 day response time is a guideline and does not include "administrative days" which typically equate to an extra 10 days.
4) 17 of the 18 original questions asked by the new review team were answered via telecon within the first week. The 18th question was, of course, the radiologist's review.
If the FDA response is negative this time around, the folks at Imaging3 will be just as surprised as I will. Believe me, I'm not happy with the current state of the pps, but I believe our time is near. I've tried trading this stock and lost a ton of my position doing so, so I will not try it again. I'm holding out for buyout.
No offense, but I'd be more inclined to believe the CEO of the company that I've done plenty of DD on, over an IHUB poster whose alias originated on 4/5/2010. How do I know that this meeting that is supposed to take place is for real? I hope that gdsgds intentions are honerable, but how can I confirm? There have been quite a few new posters on here lately that seem to be hell bent on sowing seeds of doubt as opposed to providing any real insight. I'll be interested to hear his feedback, but it will not effect my feelings towards Imaging3 or it's management.
For your birthday, I bought you a few more shares at .47 ;)
p4p, can you explain exactly what conclusions you are drawing from this last post and your t trade post? I'm assuming you are inferring that the MMs are sending each other messages?? How does one find out about how to interpret this type of stuff? Enlighten a curious investor......
Excellent! My wife may get a nice present on or near her Birthday, May 12th.....
According to an email that I recieved from Mike Nessen, the 30 day FDA time frame does not include "administrative days" These can amount to 5 days on both the front end and the back end of the review period. Mike said that in his experience the FDA has always taken these extra days in their response. So, that would make the total number of days 40 and not 30. What I'm not sure of is whether or not they are business days or calendar days. If they are business days, we'd be looking at May 31 for approval. If calendar days, May 15th.
Imaging 3 is apparently very happy with this new review team. In Mike's words "Dean gives this team an A+". I'm very confident that approval will come this time around, but it may be at the end of the month rather than the middle. There is always a chance, however, that the response comes earlier, it's just been unprecedented thus far.
I recieved a lengthy email from Mike Nessen yesterday in response to some questions I sent to him a few weeks ago. In the email, he did explicitly mention that they have been placed on the "fast track" by the FDA. He also explained that the 30 day turn around does not include "administrative" days which typically add an additional 5 days to both the front and back end of the submission. Currently the Imaging 3 team expects a response from the FDA by mid May, according to Mike. He did, of course, mention that nothing is for certain and couldn't guaranty anything.
He also mentioned that they are very happy with the new review team. They have been much more responsive than the previous reviewer. 17 of the 18 questions that were initially asked were answered over the phone by Dean. The last question, of course, was the radiologist review of the Dominion. Mike also wrote that he thought the FDA was anxious to get this approval behind them as, "We’ve been on the docket far too long and we can make a compelling case that most of the reasons for that lie at the feet of the FDA"
Imaging 3 remains very optimistic that approval will be granted this time around.
My order just went through at .79. Hopefully it's all up hill from here!
You mean you don't have your life savings in this one? ;)
I haven't been paying attention to the board as of late :( What is this "big" news I've been reading about lately?
Thanks for the advice folks, as soon as I can free up some funds I look into jumping onto this one.
I discovered POWN several weeks ago, but have not yet made the plunge. Obviously I wish I had when it was trading at .24-.26. Can anyone explain this latest run-up without any news? I am now convinced and am looking for a decent entry point. Thanks,
I'm new to this board....looking for an entry point. Any advice?
I agree, it's the only "new" information available at this point, whether or not you chose to read it. Everything else is speculation and conjecture. Great reading for new members, but repetitive for those who have been here more than 6 months.
Matig,
Just for my own understanding, if the MACD (the black line) crosses the 9 day EMA (the red line) this indicates a bearish signal, correct? Just trying to understand, I do not wish it to happen any time soon!
My guess is that they are rectifying the 110 VAC to some form of DC voltage. Since they would need to do so for any electrical components / circuit card assemblies it would make sense to run a DC motor as well, although I obviously can't confirm. As an engineer for an electronics company, the first thing we do when required to use AC is to convert the input power to DC voltage to power up FPGAs and other electrical components.
DC voltage is much more efficient at lower currents, however it cannot travel over long distances without significant loss. Hence, all of our power lines run high current AC voltage through them. Most household electronics will then convert the power from your 110 VAC outlet to DC voltage. That's what the "brick" at the end of your power cord is for. The first thing your PC does when power is applied is to convert the AC to DC to power up the electronics.
My take from the last CC is that IMGG had accounted for the structural design early in the developement of the Dominion, and that the new review simply wanted to review the analysis. The request from the FDA did not strike me as a concern for the structural integrity of the Dominion, per se, but rather a request to review the existing analysis.
FWIW
It's eastern time, but I'm not sure how much stake I'd place in it. As I understand it, if it were to work today, it would mean that IMGG would close under .60 today because there is a downtrend at 10:10. Again, I'm not sure I believe it, and wouldn't place any trades based on it, but it's kind of a fun thing to watch.
Hey Matig, here's a reference to that 10:10 rule I referred to the other day. LOL.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_I/threadview?m=tm&bn=34920&tid=43862&mid=43874&tof=2&rt=2&frt=2&off=1
Madtig, I too wish you would reconsider. I found your TA and perspective to be very useful. In any event, thank you for your previous contributions.
Someone on the Yahoo board posted his email trail with Millissa Davis. In it, she admits to owning only a single stock that was given to her as an option. I'm curious how that makes her an expert analyst? Anyway it makes for entertaining reading.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_I/threadview?m=tm&bn=34920&tid=32450&mid=32450&tof=12&frt=2
The Ibox button is located just above the daily pps chart towards the left of your screen.
@matig and others. It looks like my post this morning has caused some confusion. I only wish I had 60 mil shares, I was referring to Dean.
My only point for posting the question was to gain some knowledge from someone who has been through a buy-out situation before. The numbers I stated were arbitrary (other than I believe Dean does hold 60 mil shares). I'm very new to all of this and do not know the specifics of what happens during an M&A.
Looks like my wife hyjacked my alias. I guess she's on to me now!
Ha! This is TMG's patient wife... clearly he meant Dean. (he's busy at work right now so I figured I'd clear the air...) He meant if Dean was put in that position.
This is an entertaining board. Lots to learn but also very touchy!
Although, if TMG continues watching this thing, he may have to be hospitalized! LOL.
Have a great day everyone.
Has anyone on this board been through a buyout type situation before? I'm curious how the whole process plays out. Let's say Dean announces a buyout offer from GE at $4 per share. Is trading halted shortly thereafter, leaving everyone without shares SOL, or is there still an opportunity to "load up"?
This has been one of my worries and why I've been nervous about flipping shares. If I were hospitilized for stress induced symptoms, and someone offered me $4 per share for my 60 million shares, I'd be very tempted to take it, even knowing that I could get a better offer post FDA approval.
I'd hate to be "out" when such an announcement was made, and I'd have to watch from the sidelines as the shareprice skyrockets!
If anyone has this experience, I'd appreciate your input.
@Matig, what are your thoughts on chasing the pps up? I'm very tempted to pull the trigger at this point for fear of missing more of this run.
LOL, I like that use of the rule as well. I think I may have come across it on the Yahoo board.
I don't know, I'm still afraid of a sell off at the end of the week if it truly is the MMs playing games. It's strange that the pps has seen such action less news.
Matig, at some point I had come across a post by a "so called" expert who swore by what he called the 10:10 rule. What it basically states is that if there is an upward trend at 10:10 then the pps should close above the price at 10:10. If it trended downward then it meant a close below the open. He said it was based on "trader habitual trends". It sounds foolish, but it kind of stuck in my head, not that I placed any trades based on this rule. What think you of this phenomenom?
So, would I be interpreting your latest chart correctly in saying that one should be looking to buy under .42?
Thanks Matig (once again). I really appreciate your patience with newbie's like myself. I am extremely torn at this point. I had sold a portion of my position at .40 and was hoping to buy back in lower to help offset some of my losses. It looks like I should have bought at .32. Now, I'm not sure what to do.
Wow, just when I thought I was starting to understand the charts somewhat, Matig throws out this curve ball "bullish engulfing candlestick". I guess I have a lot to learn......
I am confused as to whether this means a reversal is in the works, or if the trend is still down. I guess we'll find out today.
Matig, what are your thoughts on this?
What do you folks think of this spike? Did I miss my chance to add to my holdings in the low 30's?
Madtig, thank for the info, I'll definitely check out those avenues. I'm new to all of this, and, quite frankly, have lost my shirt thus far on IMGG. I do believe in the company and the Dominion and expect approval in the coming months, but I'm looking for another entry point to try and cover some of my losses. Funny thing is, my other "safe investments" i.e. ETFs lost more money last week than IMGG!
Matig,
As a seasoned TA and charting guru, are there any books or websites on the subject that you'd recommend to a rookie? I need to find something else to preoccupy my mind as this board has become somewhat brutal! Thanks in advance.
Matig, how are you able to place these kinds of orders on IMGG? Fidelity will not let me place buy stops, stop loss, nor conditional trades. Is this broker specific? The explanation given to me is that the market makers for this security will not allow it.
Do you folks think there's any chance of a buyout prior to FDA? Dean mentioned on the last CC that he had meetings with a couple of OEMs in the next coming weeks.