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The only resistance is good news.
Once it comes out, the squeeze by the shorts and the new interest in buying, coupled with a very tight range, will send this stock flying
agreed... enough is enough.. especially with these insane offers at .60
what gives? why the hold down? There has always been buying interest on dips and at these levels... why not let it go .10 and try to sell in the .70s?
I really dont understand what is happening. Every other promising biotech (who is further behind on the trial and application stage) is moving higher.
I am not selling, but need to see progress.. This .04 range we have been in for 4 months is insane
We really should... so tired of this being held down.. There are stocks that are up 10,000% on absolute nonsense and we cant move up .10 cents.
Trading is all based on momentum (either more buyers than sellers or vice versa). If a stock is stuck in a range and someone is trying to buy it (but there arent enough true sellers out there), they can also create the illusion of large selling pressure by either putting large pieces of their holdings on the offer or short selling it from a different brokerage firm, knowing that most people wont buy on the offer with that much visible volume out there). All the while, being the person on the bid buying everyone else's sell orders (those who are selling because the impression from the offer seems like everyone is selling).
If the stock was really tumbling, the bids would all disappear, people would be frantically hitting any bid they could to get out.
When you see hundreds of thousands of shares on the offer (with a stock that barely, on a normal day, trades that type of volume), then this is typically the scenario of a buyer holding it down as long as he can to accumulate as many cheaper shares as they can before it starts ripping up and they cant get any more shares.
absurd
or not :)... crazy that it cant run
finally through resistance... lets see what happens now... should be some buying and then hopefully short squeezing
sure, but you cant sell when no one is going to buy because there is an obvious roadblock
You can try to blame it on warrant holders, but it doesn't fully add up logically.
Why would a warrant holder, knowing that ARTH potentially may really run up from here, stop all momentum by putting out ridiculous volume offers on the ask, when there is no one taking out the offer. If they let it run, spread the word that it is taking off again, they could start that next phase of momentum where they could more easily sell into the rally
How absurd is it that there is 230k shares on the offer combined at .6149-.615?
The problem is still someone wants to hold this down. Without a large contingent of new buyers, someone can throw out 150,000 on the ask (with a stock that has average volume lately of 250k shares traded all day) and keep this down. Someone is definitely accumulating down here as the large share offers are not causing this to go down. Until that party buys all they want, they are also probably the ones that are going to keep it down.
I truly dont understand why this .62 number is the resistance of all resistance points. If they would just let it go, they could sell it much higher if they would allow for buyers to see that it has upside potential.
At least setting up nicely today
fair enough :)
You would think that they bought in because they got .36 shares for a company that will be $10 one day, but who am I to judge!!
They are probably still there, covered by a lower bid by the same market maker. We need news about the CE Mark process before it blows through. No one is willing to pay up the offer until they are sure on the timing. Just have to be patient.
I get why it is basically in a flat trading range, what I dont understand is the large offers being put up where someone thinks selling at $.60 - .62 is a great exit price.
Why is .62 this new arbitrary, impenetrable wall?
Also, in the grand scheme of things, there is very little volume
what is sad is that these "institutional investors on the OTC" dont invest through private memorandums for the purpose of getting in at a great low, early price and then long term holding to make huge profits.
Now they look at it as a vehicle for short term money making through manipulation.
totally agree.. the s3 have no long term bearing on the future value of this company (especially as the prices these additional shares are coming in at are at current, not diluted levels).
It is amazing that the stock shot up to .94 a couple of months ago on a lot of buying and we were MONTHS away from anything good happening.
Now we are weeks away and everyone wants to sell for pennies.
I dont get it at all
so funny lakingsphan... I have a 14 and 10 1/2 year old and I bought each of them 10,000 shares from .30
I will hold them until the stock hits $10
We are so close.. The CE Mark, when we get it, will make this stock explode.
Right now just need to hold and let the little traders enjoy their 5-10% moves.
I have been accumulating and holding for 2 1/2 years. Another 6-12 months to see this stock in the $3-5 range or higher will be so worth the patience.
Nope.. .Got no shares from .566 - 58
Bought more at .60
me too.. I already own a ton, but I want to pick a little more up down here before it makes a move to $1
What are the chances my order this morning to buy 20,000 shares up to .60 gets filled on the open?
on this site... probably 90% long term holders who hold their breath every day that this will be the day :)
In these types of stocks, the long quiet periods between updates and announcements, are times for active traders to manipulate stocks and make short term profits.
This stock is consistently playing in the .58 to .72 space and that is a 24% gain every time it does. With a little bit of push (with the low volumes we currently have) it is easy to push it down to the area of support where short term and long term buyers have to buy more and sell it when it gets to resistance.
One day, upon the right announcement, we will break .72 and both the longs, who recognize the breakout, and the shorts, who need to cover, will push this much higher.
I do believe that if you have the ability to hold on and not get concerned about the intraday movements, that between now and 2nd qtr of 2017, we will be very happy we stayed long!!!
ahab, I am with you. It is so discouraging to watch other stocks go up with nowhere near the potential of this company. This company should be pushing $2 not .62
If we break .75, things are going to get VERY good!!!
what I am missing... the stock goes down for 5 weeks because the positive news doesnt come out and now it does and it is still going down?
Word will get out and this thing will pop during the open. Already have my buy orders in at the open to add to my position!!!
ahab, it is very obvious that it is in a downtrend. It is very easy for penny stocks to be manipulated by day traders and shorters when there is no impetus to buy. Until news come out or there is a presumption that it is coming any minute, the pressure to move the stock against those that are trying to sell and those that are shorting is too great.
Once positive news comes out and it gaps up, then you will see them all chasing it to the ends of the earth in panic to cover.
Been in the stock for 2 1/2 years and have followed everything this company has done.
For those that are new, the CE mark is a designation that will allow them to sell AC5 throughout the European community. It is a faster path of approval than the FDA in the US, because the US requires a longer and more substantive clinical trial process.
By obtaining the CE mark in Europe, Arch can start deriving revenues that can help pay for the FDA approval pathway.
The biggest issue right now in this stock and why everyone is at odds is that we dont know if the company is going to put out a press release about the results of the human trial prior to submitting for the CE Mark or just wait to let shareholders know once a decision by the European Authority is made.
The news that I and so many others who have been in the stock have been waiting for is how the trial went and if they are confident that the results are in order to obtain approval.
That kind of positive news should be the catalyst to 80-150% gains from current price levels.
Hope that clarifies things.
agreed.. day traders have moved on the next hot shiny new toy.
Now release good news!!!
It all doesnt add up.. If you are an investor who goes through all the trouble of buying shares in a bio company through a registered private placement, did you really do it to sell your shares in 45 days for .20 cents profit? Especially when we all know that we might be days or weeks away from an explosion of good news that could me 3x, 4x or higher on their investment.
To me, this was the vehicle that shorts were able to use to insight fear and panic selling...
It just doesnt make sense that knowledgeable investors would have bailed like that at first opportunity
how is a .32 drop not a buying opportunity?
The down moves are so ridiculous.
I have been in it for 2 1/2 years. Totally hanging on. Just annoying. I got out of that world of day trading specifically because of this type of trading.
I firmly believe in what ARTH is doing long term and I will live through the manipulation.
We need some update from Dr. Norchi about where we are or the shorts will still be dominating the play. Once he announces the success and next milestone, they will short squeeze the hell out of the stock to get it back and go look for some other "in play" prospect.
amazing that it is going down on nothing but short manipulation
Here's everyone's chance to buy on the pull back. SHorts are trying to take advantage of the big run up.. nothing has changed on the fundmentals
just needs to get through .91 and it will test the $1