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It may trade higher in a few weeks, but PAL may likely see .20 area yet. Monday seems was a one-day break in a down trend currently still occurring
biotechs are highly news driven. My rule is always to find the very oversold ones & look for news potential as a catalyst as an opportunity to sell higher.
share conversions (debentures) are common with stocks like this that are not profitable as a company, so it is why we see selling pressure at any time regardless of price. And 2nd, all biotechs as a sector are trending down the last few weeks.
My statement was based on short term scenario. You can't compare 4 years. I was talking about a shorter time span for a goal of ability to trade, etc. In the last 4 years there have been numerous 'short term' trading opportunities. Yes the trend is down 4 years, but my point is short term, which you misunderstand... (So now you can realize "I'm not on drugs" --- what you said yesterday--- ha ha)
Developing buying opportunity for NAVB before end of April catalyst, that is what i think. Maybe see a little more weakness into lower 1's, but news April 30 approx could be good enough for a trade back into 2+
michinganbull, are you wearing your cheerleader outfit & pom-poms for PAL?? Rah-Rah-go-go-PAL!!! Too funny. LOL
I AGREE. Being objective sometimes means the pumpers will attack you and label you as a basher if you may sometimes have criticisms that contradict their constant output of only biased good info.
As traders/investors, it is important we remain objective with stocks.
I'm guessing that you're the lead pumper of PAL at this board. Just an obvious observation.
I'm an interested (potential) buyer of PAL near these levels--- FYI. But try to keep in mind that being objective is very valuable thing with stocks))
I've posted in recent days also that one should be ready for .20's--- it is quite possible yet before we see it turn. One better keep it in mind if have been buying already in .30's--- keep some $$$ available to add more lower if necessary.
I speculate in 'short term' this will return to .50-.60 or maybe more
Remember I had posted that I feared subpenny could happen as it was an imminent seeming risk a week ago. Fortunately I got my profits out almost 2 weeks ago. I wish longs still in ELRA better luck, however. Hopefully this pos will rebound. I still have it on my re-entry radar, especially the lower it goes
It's been best in recent months during these dilutive financing to wait for a more oversold RSI, which we may be within a couple trading days of. But I agree it is relatively oversold compared to upside. We should see .50+ again.
I'm looking at buying PAL soon. But people should keep in mind it could break .30 & go to .20's, so be ready to add there
totally agree. It's why I already bought EXEL.
Yes, a lot of potential with EXEL. It looks like today it is setting up for a move back up.
If they force it down under .01, I'll certainly look at it again
Mixed volume, a lot of selling in the last 5 minutes, too.
I tend to agree, & I think VICL is a great opportunity today 1.18-1.22. But be ready in case it legs down once more toward 1.00 & scale-in with more.
I would be worried holding this thing here. Technical are breaking down. Hopefully your over confidence is not wrecking your judgment.
This thing is looking ugly right now. But might be buy opportunity again for the patient. I'm currently still on sidelines (since a week now). Wouldn't surprise me if it tests .01(or less?) based on current technical path.
KBLAN is right. Integral you keep spinning the conversation. You did a coupel days ago implicate/imply that anyone who trades ELRA is participating in active fraud. KBLAN moreover proves my point.
you can deny it all you want, but what you said is what you ssaid is what you said. You use an arrogance & self perceived notion that you have moral high ground here at this mesg board & it is ridiculous. (and why you here all day most everyday again???? That you always fail to answer... which si another example of things you don't reply to correctly)
Old news we all knew about almost 2 weeks ago. Just being finalized & hitting news wires.
The only thing good about the chart is the fact it it holding up support yet above .01+. Perhaps if ELRA could get some news, then more possible it can bounce upward again. But currently the chart looking uglier every day
No, the chart is a joke. I think you are wishful thinking, not being objective. It is what it is. Don't pretend otherwise. Until we see better, that is the reality for the chart & ELRA stock. If you disagree, then you aren't any better than the bashers(such as Integral)
I clearly told you, asked you about saying all of us at this board publicly trading ELRA are unethical, & you continued to defend your position and you did not deny what I'm saying until suddenly today. That is also proof of what I said.
Anyhow, I'm done wasting my time on this with you. Unlike you, I have other things to do than to dwell on a msg board all day. (BTW, what are your motives here again bashing this stock all day everyday?? What are your ties?? LOL)
You can claim some here have pumper ties, but what about you?? You Integral spend so much time trashing ELRA. If it is so unethical, why does it require so much of your stinking time on this unethical stock & msg board???
You've in past spent time educating about the debentures, and it is fine, but you are incessantly bashing in same manner as the pumpers here!! It is hypocritical, & it seems to be equally fair to ask what your motives are here, same as asking why ask about the pumpers are here & accuse them of ties, etc.
I sold this stock days ago (40%) & I publicly said when I bought & sold, & I criticized anyone who pumped or bashed that was not being objective, & soon I'm done here for some time, or until I see a deal on ELRA low enough again as an opportunity.
Integral, you said publicly trading ELRA (anyone) is immoral & unethical. Your posts #24478 & #24461 stated as examples. During those posts and related posts you said that, & in our conversation you revealed to me in verifying it by defending it!
I originally asked you why you don't trade ELRA, & your reply was it is unethical, & I also clearly challenged you on that point of claiming it is unethical & you continued to defend the position. I told you that saying that means trading ELRA is unethical & means you are saying that we retail public traders are also unethical. You told me that I wouldn't understand & that it is all explained in an ethics class. I was very specific to you about what you said in responses & your defense of it is added guilt that you were saying, implying anyone who trades ELRA is unethical, & you never told me I was wrong.
Now today you say "where did i say that"?
You're funny (& arrogant & pompous with your ethical high & mighty presumptions)
when did Brean capital provide this pps target??
Thanks
Thumbs up on your spot. I explained what I thought about what Integral said earlier, too. He was calling all retail traders, investors of ELRA UNethical & Immoral, & then could not fully back up his statement with valid argument. Ridiculous to call public reatil traders of it unethical, and that he was too above everyone morally to be able to buy it, trade it. Total nonsense!
That guy did not blame you Integral. what are you smoking lately, something new? :)
fine, some actual info, but it still does not mean that public retail investors are unethical if they trade a penny stock such as ELRA. It also does not mean that a licensed individual or former licensed person can't trade or invest in it with personal funds, so long as they're not going against any conflicts of interests.
What you choose to do is one thing, but I have a problem with you claiming earlier that the public is unethical for trading ELRA, & you said it from a supposed higher ethical & moral high ground compared to others (which was arrogant)... and still you post here daily, which is odd by itself.
You did NOT counter what I said Integral, that's a fact. All you did was give me an excuse with a 'Title' in front of it & presume I would not understand. You didn't explain anything = Fact. All you did was give me a front. You don't want to defend what I said in reply with real reason or fact about your high & mighty ethical garbage, so you give me a 'Title' & a BS line.
I gave you a chance in fairness to defend or explain your post, & you would not or could not do it.
And Yet you also dare presume to think you know about me, my history, my credentials, experiences, & boldly argue against me based on what you don't know.
Earlier to start--- All I ever did was corner you with a good question about why you call public retail traders of this stock immoral/unethical (which is an arrogant insult to anyone here who trades ELRA), & fact is the reality is simply you couldn't answer it without proving my original post to you about it as TRUE.
....and i also wonder what interest do you have here then at a message board of ELRA? I suppose it is purely for sake of good will, and to teach us immoral people here about ethics??? You're ridiculous, & your hidden motives at this board even more ridiculous & suspicious it is obvious. You're a real piece of work!!! LOL
I don't agree at all Integral. If you are publicly trading on legal public information (and if you are as knowledgeable as you claim to be), & you are buying selling with the market, how the heck is that immoral for you to participate?? It may be one thing to allege that ELRA & debenture associates may commit fraud, but how are you participating in fraud/immorality if you are publicly trading it with the rest of us?? It sounds like a BS excuse you are giving, to be objectively honest with you!!
I mean, what you said in essence is that people such as me are unethical & immoral if we trade ELRA, because that is why you said you wouldn't trade it.
It seems to me you should be trading it then Integral, if what you say is true & you think it can be done. (I personally sold out for profit on Fri & Mon for the time being --- FYI)
You're right about not dwelling on the past, but a good investor or trader will learn from past mistakes, & there are times we actually did know what we should have done, had we learned form prior trades & so we must remember what we did or could've done better to know what to do, etc. Thus, I think a good trader will have a tendency to know more at times to make better decisions if one retains lessons from those previous "should've done" moments.
Yes, I also would consider buying ELRA again on a pull back--- and keep on my watch list. I wish i would have sold it March 17 on that fake one day spike & later re-entered in low .01's, as it would have been twice sold for a nice profitable trade rather than once (over the last 2 days I sold .02's)
Thanks! ELRA unfortunately broke below the .02 mark
And I made a nice yield, so I'm happy regardless of what it does later. Got a solid 35% in a couple weeks.
Good luck longs. TTYL
I sold all out of ELRA today. Sold first half on Friday. I chose to do this because I'm a short term trader & I think a good chance it falls back into .01's. ELRA of course has later on a chance to go to .03-.04, maybe even .10 with the right news, but I decided to personally sell. Good luck longs.
Remember to stay realistic & objective about this stock when you are holding it, trading it.
So much for that "upward trend". If it breaks below .02, I'd be worried about further break down. I noticed that today or anytime this stock trades, there are people at this board that rationalize everything 100% of the time as good, which is not good for a person's profitability, as a person needs to be objective & stay in reality when investing & trading an equity.
and you'll notice the bashers who loved to post extremely negatively all earlier this week & last week have almost disappeared completely the last 2 days... I'm thinking one reason is they don;t want to sit on here & have to continue to defend their positions of trashing the stock trade, which has proved to be good, especially for those like me that were buying earlier this month in low-mid .01's, & for those of us who accurately portended a trade here.