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buck that part of DD you gotta do I just posted the definition of premerger for you and told you I thought it was a notification of a firing under the premerger terms.
I don't own the stock
Try their website for more info.
BOl
T2M
buck - Premerger Notification Program
The Hart-Scott-Rodino Act established the federal premerger notification program, which provides the FTC and the Department of Justice with information about large mergers and acquisitions before they occur. The parties to certain proposed transactions must submit premerger notification to the FTC and DOJ. Premerger notification involves completing an HSR Form, also called a “Notification and Report Form for Certain Mergers and Acquisitions,” with information about each company’s business. The parties may not close their deal until the waiting period outlined in the HSR Act has passed, or the government has granted early termination of the waiting period. For more information about the program, read our Introductory Guides. The FTC administers the premerger notification program, and the staff of the Premerger Notification Office is available to answer questions about how and when to file.
BOL - hope that helps - so I imagine some got canned and they had to notify
doog have a good trip. Hopefully they do all rebound for us.
BOL
T2M
ORFG <link back> imo the a key is the volume: it is not as good as yesterday thus far anyway.
The VWAP .0327 vs a close of .036 yesterday - as I write 12:51. The volume traded thus far today is 2/3 of what the 5MA Vol has been thus far but will be nearer by close.
All in all we went up 16% yesterday and gave back a fair bit thus far, but on a volume/price basis the dip is far less than the trading windows suggest.
NOT trading on huge volume, but no hoped for follow through either.
That too may well change by close, market vagaries as usual.
We did not yet get the follow through I referenced yesterday although in the <link back>
jmho BOL all
Supa - I agree with your question, but the week is not over. lol
If the stock is restricted, as mentioned, it prevents anyone for a given period, (many times 1 year), from trading those shares. Perhaps the PR is being discounted to flippers due to net time horizons for the divy, since unless you are doing a buy and hold past the Apl 15th and then wish to at a minimum hold the divy stock for 1 year (after selling the underlying position) it may or may not be significant in 12 months.
At the worst I believe the divy is treated as a capital gain when you sell the divy shares, so one could hold through the 15th, then sell the underlying after, that and hold the divy for a decent tax situation if it gains a lot.
You'd think the reaction would be positive, **and very possibly it will be later in the day/week or in the very near future. Pennyland has a way of doing some strange gyrations and manipulations, where down reverses to up in a hurry and vise versa.
As for me I say it is a good sign and should just further support this level of trade, at a minimum. I'm holding the course and anticipating good things before too long.
BOL
T2M
ORFG After reviewing the short of float shares according to pinksheets.com it seems there are only about 48K shares short.
Hence my updated guess is the impact may not be at all what I first was thinking this morning when I saw the news. The stock divy while ok, will likely not create a huge short rally due to any covering and further they have until 4/15 to cover anyway.
Had the short position been huge then the effect would have been far better, jmho
Better than a stick in the eye though.
BOL
T2M
Doog <link back> Thanks much, now if it just executes as I indicated I will be happy. lol
BOL
T2M
Doog they just announced a stock divy this morning 1:10 so that should move this fast, jmho
ORFG <link back for annotated chart> 16+% day on very nearly 20MA VOL
4.3M shares+ vs 4.8M shares+(20MA VOL)
Excellent close - now for us to have a decent day tomorrow 7%+++ gain with good volume of 5-7M+ for a close that should be very nice confirmation.
Hopefully folks just sell on the ask and buy on the bid that will make for a healthy ratchet north.
BOL all
T2M Thanks for a good first day on the board.
Guess you are seeing more than I am. I see a previous high if that is what you mean, but just that does not tell you much since the stock could break through it or not, that is why I use the indicators, oscillators and candles.
I always stick with the candles, the indicators and oscillators I most trust, seeing as trying to second guess just based on Fib retraces is very spotty (for me at least), and when used as a basis for guesstimates limits is even sketchier.
I mentioned the estimates of what I had heard, but it is really anyone's guess on what this moves to, so I guess it is up to you and everyone else as to what they think it will do.
Bol let's hope it goes to what you posted and I am sure all will be very pleased if it does.
$40Bill- - guesstimates - This probably won't be of much help sorry.
I just watch the chart and how it trades along with the candles and oscillator directions for the next leg. Imo the guesstimate you ask for should also be keyed into a time frame. If you are looking at 1 week, 1month, 1qtr, 1 year?
*I merely flip/swing trade, so I will follow the charts and watch the candles/oscillators for near term gains.
There is no pattern that I can see over a nine month time frame and without one imo that really makes guesstimates almost useless.
I have heard estimates from as low as .20 within a month to as high as $1 within several months, just depends on what we believe I guess.
**I just go by the charts and that eliminates the noise, emotion, and BS. Either the oscillators and candles indicate a leg up or down imo, and currently they indicate a up leg is near at hand.
Sorry for the vague answer but I am not much on touting, but I am reasonably decent on charts.
BOL
T2M
ADMP Good luck to all and thanks for the heads up BS
ADMP Bob Stocks has been supporting this one for quite a while now saying some of the things listed in this article also. I think it will bear fruit for those who are patient. Time will tell. jmho
IPCI Technically the chart and SP are potentially reaching a great entry point, assuming you feel the bottom tine of the pitchfork, which is support, will hold. Lots of buzz going on this one so it should not be long before something happens.
One worth watching over the near sessions imo. It is trading like it has VG support just above the $4 area and the ask remains thin. it is one to technically keep an eye on for news so watch the volume if it breaks 500k and news has not arrived it maybe soon.
IPCI Technically the chart and SP are potentially reaching a great entry point, assuming you feel the bottom tine of the pitchfork, which is support, will hold. Lots of buzz going on this one so it should not be long before something happens.
One worth watching over the near sessions imo. It is trading like it has VG support just above the $4 area and the ask remains thin. it is one to technically keep an eye on for news so watch the volume if it breaks 500k and news has not arrived it maybe soon.
I was going mostly on the charts and it looked like a decent entry for it but it is tough to tell many times on low priced bbs
CTSO ref: CTSO from yesterday's earning report for your reference, t2m :) http://finance.yahoo.com/news/cytosorbents-posts-record-q4-2013-200500241.html
Someone on the bid is bidsitting with a nice lot. I wondered if the bid was legit but it has been whacked a bit and still is solid, so someone is taking a bunch by my calculation it started at an order for roughly $50k and some is now worked off.
Nice accumulation jmho
CTSO Kei TY for that info. Wonder when the next event is due, any idea?
NP Kei - I got some just before I did the chart, after reading your post and looking at the intraday. Fingers are crossed/
PRAN Stopped out at 2.67 this morning 5.6% loss (2.83 in yesterday) - I thought at first when it triggered and popped up, maybe I had the stop too tight, but said oh well. Wow guess not, glad I didn't loosen it; the current price is 2.41 +- . Nooooooooooooo bounce and no interest yet. Good to get out very nearly whole. Unusual to be punished like this 2 in a row.
Yes the quick flip was 100% of the reason I got it. Kei;s post about the stock falling like a rock grabbed my attention and when I looked it was 70+% off for day.
Kei thanks, I can always use "good" luck lol
Hi running - u got it for less, way to go! I am not looking for a lot but figured it would bump in a day - 2 very little stays down totally after a 70+% drop in one day. Has a Huntingdons trial going on also which should move it some at least.
BOL x our fingers
PRAN In @ 2.83 Just a flip
stockbus imo this is mainly flippers buying and reselling on news. I did it today 5 times myself before finally exiting. 99% of stocks below .01 are just stock vending machines ATMS for the one guy who runs them.
Flipping for many has made them a ton of $ on this today, but shorting has cost some one an arm and a leg, then too some sold at .0001 and took a loss last week or prior, so they may just express their frustrations as sour grapes.
Imho flippers are not particularly concerned about the underlying security, and how legit it is or isn't. For someone to imply/say, flippers are fools, is at best, ill informed relative to many of us flippers, and at worst just totally devoid of any knowledge relative to the retail pinkie market, be it our motives, methods of trading, or beliefs in underlying companies.
98% of the time I personally just know the symbol, rely on charts and also rely on a very good friend who deals in this market.
Good luck - I was in @ .0002 and final trade .0007 so I guess that makes me a Motely Fool rather than the garden variety you mentioned. lmao
How did you do shorting?
kkpm yes seeing as both are on CNBC lol what a shock that they would do that?
Just as I always say "FTM" Follow the Money - those guys do.
Imo Shorting via AFs articles is one of his ways of making a living imo, while likely also getting paid to write the articles to start with. Not sure how it works, but simply put there is nearly always a profit agenda with those guys imo.
Yep guess I am a cynic. lol jmho
Hi PT - nothing much going on from what I see, bio sector still getting hit so unless you have near by 4-6wks or less catalysts then usually the stock is dipping even with PDUFAs etc.
As Noah said "this too shall pass" ( but under his breath said "wish it would hurry up though")
Most everything I frequently trade is $13 or less, just not much ++ yet during the last few sessions, more stops than anything else, for know it is mostly conserve capital and wait out the storm.
If I see something worthwhile I will shoot up an annotated chart on it.
Lousy weather here: 39F and rainy- at least I don't have to shovel it, so that is a plus.
How's it where you are?
BOL
T2M
Bob S yes I was thinking you would get a far bit more with the resounding decision. However being as the float was 27%+ short it would not surprise me now to see a slowwwwwwww rise up over 2+ weeks as they start to cover in many cases since the PDUFA seems very likely now.
EXAS actually not much of gain when you look back over the months/yrs considering it was in the mid 11s in 2012?
Also watch what it does over the next 2 weeks, some stocks just creep up rather than rocket, if this is one then look at it in 2 weeks.
Also keep in mind it has a 27% short of float position which likely in AH is NOT going to let it run. jmho They stillllll have to cover though!
http://finviz.com/quote.ashx?t=exas
It depends on the perceived market a lot and I am not familiar with that number.
BS AH not too much yet 14.74 ish ? Should yield more that I would think 7% is rather modest imo
PT - I have some ADMP and I am waiting 2. IDRA I was veryyyyy temped over the last few session but held off mostly due to the market and man it has dipped, so on that one decision I saved some $$.
Had a bunch of PDUFA stuff but in the out months so I am slowly lightening the load, the world events are not being nice to the Market and things with highly speculative value are getting whacked worst. (cheap bios)
The market always worries about something but with the Crimea up in the air and many former Soviet states. Now those same very small countries, in the area, have NATO Defense treaties. If they are attacked it could well draw the NATO's forces in. Putin is a nationalist and ex head of the KGB, he gives a Rat's a.. about what is good or fair etc etc, simply a dictator like many, trying to disguise himself as a diplomat. So he smells blood in the water and will test weakness and that will screw up the markets.
Just one of many worries we have as line after line is drawn in the sand and then erased, same type of process as the health care act is going through, exceptions and delays of deadlines.
Consequently at home and abroad we are somewhat screwed unless things change very soon. Oh well tomorrow is apt to be like yesterday so I guess we are in for more of the same BS.
Not too much to brag about in this market that is for sure, unless you were short bios lol, (I was not)
Bought a bit of SPSX 3x short the S&P index. It is an ETF with a daily range of a buck, so you can have fairly tight stops on it and it straddles a bit some of my long positions indirectly. (that is the theory at least, lol) Just in case we slide further.
T2M
hmoney - good luck on it, I held it for months and got stopped out earlier today for a huge loss vs what I got it at last summer. Now that my shares are gone it should shoot up like a rocket for you. lol
BOL
T2m
Hi PT, GM - yes it is 11F or was when I got up, but the sun is getting much higher in the sky so it warms nicely. Just a longgggggg winter and even longer for you, I would guess. We like x country, snowshoeing, etc but man after a while enough already. lol Almost Golf time.
The market is not pretty at this point and the bio sector has gotten slammed quite badly. I am lightening $$$ up for the Spring out and Fall in effect we get on many years.
Anything in particular you like know? Most of mine now are pink to red accept for a couple of penny stocks.
BOL
Sheff the volatility may well have a whipsaw effect on oscillators especially if folks (like me) have set the oscillators for closer time frames than originally designed.
In BGMD's divergence case between OBV and A/D I think it was as much a poor entry level on my part, (my bad) as much as anything, and then the 8% stoploss triggered on a deep red day.
Iffff the divergence that I noted actually works it should exhibit itself with in 3 sessions or at worst hold at the level of yesterdays close, so essentially by Monday if the oscillators were indicative i think we should see a start up but if not then it would continue a slide.
Today should tell us more but if the oscillators were correct then it should start to climb within the next session or 2.
It will be interesting to watch for me at least, and see if it follows what I normally see or not.
BOL
T2M
CYTK <link back> News 7:32AM Cytokinetics announces initiation of multiple dose Phase I clinical trial of CK-2127107; initiation of this clinical trial triggers a $2 mln milestone payment from Astellas Pharma (ALPMY) to Cytokinetics (CYTK) 8.51 : Co announced the initiation of an additional Phase I clinical trial of CK- 2127107, a fast skeletal muscle troponin activator. The trial, called CY 5012, is a double-blind, randomized, placebo-controlled, parallel group study in which the primary objective is to assess the safety, tolerability, and pharmacokinetics of CK-2127107 following multiple ascending doses in healthy volunteers. The initiation of this clinical trial triggers a $2 mln milestone payment from Astellas Pharma (ALPMY) to Cytokinetics under the terms of the collaboration between the companies established in June 2013.
This is puzzling to me - Looks like the taxpayers bought a Previously Private company????
7:57AM Ally Financial (ALLY) announces launch of IPO; U.S. Department o the Treasury is offering 95 mln shares of Ally common stock at a price per share ranging between $25 and $28 (IPOXX) :
Ally Financial announced that it has launched an initial public offering of shares of its common stock. The shares will be offered by the U.S. Department of the Treasury as part of its planned exit of its investment in Ally.
Treasury is offering 95 mln shares of Ally common stock at a price per share ranging between $25 and $28.
Ally stock is expected to trade on the New York Stock Exchange under the symbol "ALLY".
Citigroup, Goldman, Sachs & Co., Morgan Stanley and Barclays are acting as joint global coordinators on the offering.
Psionic T - I can use some quick 2 baggers in this down bio market so I thought I would stop buy and see what's on your board for near term favorites in a downish market.
Glad we missed today's NEer, would not have been pretty to be on the cape today. We just got 20-25knot gusts. Where o where is Spring?
Hope all is well,
BOL
T2M
Sheff - waiting for the bios or any sector to flush out and retrace/correct is painful for sure, but as most of us can attest it always happens to all sectors, its a death and taxes type thing- and it's never a question of: "if", but rather "when" it will occur.
The 10-20% haircut you mention is happening for sure on many stocks and in process on others; question is imho when do side liners become buyers and trying to get that when it starts vs when it has gone on for 10% in the reverse. lol
The greenies and <1% losers are imo are the most interesting, but finding them is tough right now.
Some measuring device is good, but which to choose: 52 week low or some small % over it? Very low debt, lots of COH, some very near by event 2-3 weeks hence etc., etc. Can't use PEGs or PEs on many of the under $10 stocks. Can't use strong dividends since hardly any offer that.
Perhaps those with topline growth Q over Q and declining loses. Not sure, it always seems like a dilemma each time I encounter like situations, for me anyway.
BOL
T2M