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As long as volume stays up at least to the 200k mark I think we'll have enough churn to maintain. Hopefully this volume is not a fluke!
Did Wells Fargo *ever * let anyone buy this stock?
Shorts are betting on massive dilution. What they aren't accounting for is the massive spike in volume since R/S. On top of that, Dr. Wotten proclaimed the intention to seek non-dilutive fundraising. Bad time to be short here...
I don't know what you mean by be more involved. All intentions were repeatedly stated in the last two conference calls.
I am of a strong opinion that uplist will come prior to any data. Whoever finances the uplist is going to want the terms of their agreement finalized before the real fireworks. After uplist I have a feeling we are going to get slammed with clinical updates and this puppy will see its true value finally realized. It is the path that makes the most sense. We are sitting on a real winner. Don't want to pop the bubbly too soon but congrats to all you folk who have been on this for years. I feel so lucky to have caught wind at the right time.
Woops, my last post was supposed to be in response to this message
Who's to say, there is plenty of fodder for the PR cannon including the newly issued patent and status updates of that project and ALL of their projects. I think management is doing a good job not to fluff and to let this thing grow organically. If they wanted to blast this off they could very easily, but I think consensus is they are waiting for uplist announcement so whoever underwrites the deal gets a piece of the action too :) great time to be invested.
I don't think we can 'expect' much here. People were expecting a massive pullback after the R/S, that didn't happen. And management has been sowing confidence. New money appears to be coming in daily. I think predicting what's going to happen here is anyone's guess, regardless if news comes out or not.
Looks like profit taking is done and shares are drying up. Supply and demand rules :)
The only thing that is going to slow this puppy down is if A/G litigation shares have not be totally sold. We saw 2 rounds of it immediately after the announcement and a few weeks following. The company has expressed that they mean to find non-dilutive financing. If Dr. Wotten can be taken at his word, and he has followed everything he has said so far, then this can too be believed. With news to be released 'soon', plus with very solid momentum behind us and ridiculously great volume since the R/S, we are primed for a steady march up.
I AGREE, I'M SO GLAD ACTC DID REVERSE SPLIT THOUGH BECAUSE NOW THEY CAN UPLIST TO THE NASDAQ WHICH IN TURN WILL OPEN THE DOORS FOR INSTITUTIONAL INVESTORS AND LEVERAGED TRADING.
Don't forget when this stock becomes leverageable many people are going to double down. Depending where we are in the news cycle and what the pps is, I know I will.
It sounds like you have pps and market cap mixed up
Absolutely right. Can't discount the power of profit taking. I'm surprised we are up so much today to be honest... It's as if people weren't aware how awesome the science really is. I think we are all about to find out.
The doom and gloom crowd are having a hard time finding their voices today. ACT stronger than ever.
Anyone else noticing the excellent volume since the R/S? The market approves!
That's funny, all that talk about ACT not being worth 8 dollars a share almost made me panic sell! I'm so glad my senses came to me last second ;) Go ACT!
For every seller here there is a large pool of buyers attempting to build a position at as low a cost as possible. Smart money is flocking to this thing because all indicators are pointing to NOW being the time to get in. These prices will NEVER AGAIN be available to investors when ACT unleashes their science on the world ;) - Go ACT!
Wow huge buy block on the bid. I would not want to be short here.
Another successful example of the new managements ability to navigate these very difficult waters as they build their phase 2 tests and introduce the world to new cell based therapies.
What an exceptional team of scientists. They are anonymous no longer. "Keep Investing" my friend. :)
Wonderful quote. Go ACT!
Yeah chuck, I emailed the author and cc'd the PR department of Babson. I said that he knew a company's value is based on market price and not price per share, and in turn was intentionally misleading investors. We'll see if anything comes of it.
2008 was 6 years ago. Time to focus on the future.
Good post chuck, lots of upside to be had.
ACT doesn't have a sales staff, that's just more misinformation.
Did we just close at the high of the day? I think we did... :)
I think the flood of negative sentiment is hilarious. People calling for this stock to go down and how awful this is etc when in reality the stock is trading healthier than ever. Excellent volume the past two days. Looking forward to the rest of the day's trading activity as well. A green close would be almost comical to juxtapose against some of the conversations taking place. Goodbye shorties and doom sayers. Have fun buying back in.
Just want to add this: Excellent support post split. Lots of volume, lots of new money coming in it appears. For every person who has rushed to the exit prematurely, there has been a smart buyer ready to take their shares. Just wait til the company gives us a solid piece of news. This puppy is going up.
Those shares were received gratefully from their new owner, nice price action since then... Maybe a green day? Go Advanced Cell Technology! Man I would not want to be short right now. Glta
You're right, phase 1 or lack there of will dictate the action here. Here's hoping for data sooner than later. I know everyone has waited long enough.
Lol... Way better chance to go to 30. The conjecture on this forum and other forums is so laughable.
I am right there with you on the optimism train brother. These guys have a plan, and just like they mentioned their intent to R/S in the last conference call, they mentioned non-dilutive financing. I will believe the doom and gloom when I see it. Until then, happy hour is calling my name. Cheers.
Just think that once we uplist, this will turn into a marginable security. If it is at these levels or lower I will be doubling up though by the time of news of up listing I suspect we will be much higher.
Ah interesting, thanks for the link. Can't wait til shorty gets burnt to a crisp.
Where are you getting that 20m naked short figure from?
Lots of shares changed hands today. Lots of people expecting to get premium prices from a panic selloff after a R/S are going to have to eat it later if they want back in. Good luck to all rational people out there. Good job to all steady heads and hands.
This whole thing about stock moving faster at .08 levels vs 8.00 levels is just flat out wrong. Look at any other biotech company who announces super positive results from their trials. 2 dollars to 8 dollars, 8 dollars to 30 dollars, 50 dollars to 250 dollars. It's the market cap that matters. If data comes out that can start giving this company a true valuation, which most everyone can agree that is going to happen, well that's all that is going to matter.
I have one thing to say, and that is good luck to all the people trying to play the bounce. I think you are playing with fire, trying to give yourself 10-20% premium before news comes out. And we know we have news. We have imminent news of Data, imminent news of Uplist, and any other potential imminent pieces of information that ACTC may or may not throw our way. And here is what else we know: ACTC management is not giving us any clues. Word is mum. There is a lot of speculation and a lot of hate towards management right now. None of it matters. All that matters is that management has a clear vision on how the company is to move forward. This is a very pivotal time for Advanced Cell Technology as a company and I would wager everyone who works there understands the brevity of the situation. How they handle this uplist and this phase 1 data which are the next two crucial pieces of the puzzle that everyone should be expecting, like they should have been expecting the R/S, is all that matters.
So like I said, unless you are following this stock hour by hour, even minute by minute, I would not want to be on the sidelines. Good luck to all that are.
Haha, can't say I blame you. However, for your sake, I hope NEJM article on ACTC isn't tonight. Good luck ;)