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I believe that the crazily widespread use of STATINS is what has caused the epidemic. Read about the astronaut and physician who discovered this first-hand and you will be a believer.
If YOU are taking statins, at least make sure you are taking 300 mg of CoQ10 twice a day. Better not to take statins at all -- the cholesterol myth is being de-bunked daily.
Oh man, I had forgotten that scene from Airplane! LOL thanks for the reminder.
Thanks for finding that. Several articles referred to the unusual 90 day lockup so I assumed it was true, without checking.
I have some Feb. puts and will look to add more if they continue bouncing the price up.
"They" ("They" being the Wall Street Insiders who came up with the AXON scam) will try to create excitement around their one and only drug, the previously shelved (disappointing) drug they bought for a measly 5 million from the company that concluded that it was not worth developing. They will announce human trials in September, right as (what a coincidence) the 90 day lock-up period expires, which has prevented insiders from selling their stock when it was at 31 on IPO day 4 weeks ago, and which has been as low as 17 since then. So, the stock will run up, the insiders will sell, then people will discover that **gasp** the drug doesn't work well enough to be approved, and AXON goes to zero.
But the insiders will be very, very, very rich.
By contrast, CTI* paid 5 million to get the intellectual property to a whole new class of antibiotics. Its market cap is a small fraction of AXON's, despite having at least 4 clinical trials going on. Efficient market theory, bah humbug!
I think it's the bears who are throwing up!
re:
Someone throw up a trade chart!
Yes, seeing even a few cents in the green made me happy -- then we get this big move up and I feel a bit annoyed/sad that it melted from the highs. Humans LOL
Actually progress in getting to human trials has been moving very quickly, for a biotech.
funny that I feel a little disappointed because it's up "only" a bit under 10% instead of the 14% from earlier in the day LOL
More than 3x normal volume, and that move whacking it into the close looked like a nice way to get the daytraders stopped out. I've seen this before with small biotechs, and sometimes it means gap up the next day. Totally unscientific seat-of-the-pants observation and take it for what it's worth, which is nothing.
We'll see. Or, let's see, um, "time will tell all" LOL
25 Kilos, you also have an elephant's memory. Excellent. LOL indeed
I posted on a traders' board that the Seeking Alpha newsflash about CTIX's trading today was the kiss of, not death, but a little illness for the stock today. That's when it was at 3.51 and now it's at 3.43 LOL
I don't think this is short covering -- I think that finished several days ago when the bears mysteriously disappeared. I think this is completion of position by whatever institutions or fund or whatever has been buying steadily.
But, none of us know. Just speculating for fun.
That thing likely to work, what a laugh. Abandoned by its original big pharma developer because it was no better than the other failed drugs in their pipeline, bought for 5 million by Wall Street insiders and run up into crazy market cap -- with insiders able to exit in 90 days instead of the usual 180 days (which tells you all you need to know about what they think is going to happen).
I expect them to keep trying to run it up until they can sell, and then whammo.
In the meantime, someone can establish a decent sized position in AVXL with not too much money, and have a much greater chance of success. All just in my opinion, of course, no one knows what the future will hold for risky biotechs.
Calm down, everyone, it's just Steinvid establishing a position.
LOL
On a board for another stock, I was successful making predictions based on my proprietary but obvious indicator.
Haven't had enough data points with AVXL to be able to have confidence in my predictions yet, but my GUESS is that tomorrow will close green.
Where are the Three Billy Goats Gruff when we need them?
I've mentioned my theory that he thought the FDA wouldn't be so fast to update their website, since they've been so painfully slow in the past -- thus was caught flatfooted by Ericseb's sleuthing (and others) which discovered the info on the FDA website. Hence the late press release. Part 2 of that theory is that he was saving up the info for a press release that would include other info, but once kitty peeked out the bag, had to PR it separately. Again since I have no psychic powers and can't tell what's going on in corporate HQ, this is just rampant speculation.
I found it very odd that there would be a second thing on the wire, not a 2nd press release by the company, that "CTIX CEO confirms FDA designation" and my recollection is that the very short article was my first awareness of the rumor that this was another internet fraud. Those kinds of frauds always tarnish (unfairly) the company that was the target of the fraud -- so that rumor might have also forced the press release out ASAP.
Like you say it doesn't matter, just something that will be interesting to ask about at the next shareholders' meeting -- if we even remember this by that time.
I think you inadvertently wrote that backwards. It would be better for other people not to listen to HIM.
I thought he told us for months that no one should be IN CTIX.
Since, unlike some of the posters here, I don't have psychic abilities to know what's going on in the CTIX headquarters I can't say whether Mr. Ehrlich knew about the rumor that the FDA designation was faked -- but if I were in shareholder relations, I'd sure be checking every website and chatroom I could think of to see why 1) the stock price was going up dramatically and 2) what the reaction to said price movement was. You'd speculate that SOMEONE there woulda run across the toxic rumor, wouldn't you?
If someone wants to keep delaying the uplist, they will be trying for a close under 3.00. Let's see if the multiple 100 share lots start appearing again.
He pretty much had to issue a press release after some traders started circulating the rumor that this was another internet scam, that someone had put up a fake page, etc. In fact, on one of the streaming services, they listed TWO articles: one, the press release itself, and then a separate headline, "CTIX CEO confirms FDA designation" -- that shows you how much publicity the liars, I mean bearish traders, had gotten.
ip-man, most definitely NOT referring to you. I'm talking about the naive ones in the traders' groups who jump in after the bulk of the run, and then take tiny profits or a loss.
Operative phrase: "smart money." Some people think they are smart with daytrading and then find out that staying put woulda been a lot smarter.
Yep, following the same old pattern. Run it up, fast money sells, stock goes down, great gnashing of teeth, hot money re-buys at lower level and then magically everything is all okay again.
Bought a little more this morning in the .46's
Lazy, hah, LR, that's not a word I'd use to describe you.
You were supposed to leave it on top of the dresser, as usual.
(In reference to
She's holding my money
you planning to find it shortly? LOL (eom)
On the radio they were interviewing a non-native English speaker about the Chinese stock market's crash, and he referred to the "Chinese stock market taking a dump," clearly not understanding the idiom. LOL !
Well lookee here. Angry bears got their fur singed and now they're coming out of the woodwork to whine.
My proprietary but obvious indicator says pullback tomorrow, as those who do not want to see the 3.00 price needed for uplisting to be sustained do everything they can to create a red day. (Bring on those 100 share lots, fellas LOL.) However there could easily be a return to unchanged or green by the end of the day as people who are not familiar with CTIX begin to learn about the stock. So often it takes a day or two for these teeny biotechs to really feel the impact of big news.
If I were to make a flat out guess I'd say down during the day, but close within pennies of today's close. Whatever you do, don't think that my totally unscientific guess that's unsupported by anything meaningful is anything but a little moment of entertainment.
No. You said that long and short have the same risk and they do not. Spin it all you want, but being long and being short have very different risk profiles, as your post indicates at its end that you know.
You said something in a way that you obviously didn't mean. Acknowledge a poor choice of language and you have more credibility, not less. Deny it and you lose credibility.
Some of us are not only bulls or bears, but elephants. We do not forget.
Pump and dump.
Or better yet, don't.....
Hmmmph everyone knows that the sun does not rise in the east, in a heliocentric sense.
On the other hand, perhaps someone could eventually be postulating that the earth is flat. That too is a possibility that must be carefully examined. If the earth is flat, won't CTIX's share price be adversely affected?
Glad you're on board. I've felt bad for the PYMX shareholders, losing an investment that SHOULD have worked out if their management hadn't messed up so badly. So it's good to hear that at least one PYMX person will benefit from the intellectual property after all.
*Ahem** you said that what we say will never happen, the opposite immediately happens -- so I say, we'll never hit $200.
Not correct, your statement "Being long is as risky as short."
If you are long, you can lose only your total investment.
If you are short, your losses are UNLIMITED.
What if you had shorted JAZZ at, say, 30, and then it ran up to 180? If you had bought JAZZ, you risked only the 30. But, by shorting it, you lost 150.
So you're saying we'll never hit 200?
Just think how you'd be feeling today if you owned, say, 30 million shares... LOL
"Hey honey, I was just checking the Schwab account, and I noticed.... did you make a deposit?"
I find it fascinating how many people have magical knowledge of what's going on behind the scenes.