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Looks like ELTP is back! I used to trade this when it was .50 and can't believe that it dropped this low. Every dog has his day.
Bought yesterday at close for 1.12 and sold pre market this morning for 1.37 for a handsome profit. I thought the debt for equity swap was supposed to be a good thing for the company but apparently not. Just bought back in again this morning at .74. Hope I made the right move.
Today's trading of RPC should prove to be very interesting at least . We have a clash of the Titans going on between the shorts and longs. I hope we get some good pr today on at least one of the upcoming events so the longs have their day today.
There is a lot of wisdom in what you just said.
Tomorrow will be interesting to say the least.
45 M Market Cap and 29M in the bank! C'mon, this is a no brainer. That leaves 16M towards the value of the drug.
29M in the bank. I don't think we will have to worry about a capital raise for a while since they are only burning about 1m per qtr,
ADVENTRX REPORTS THIRD QUARTER FINANCIAL RESULTS
SAN DIEGO - November 8, 2010 - ADVENTRX Pharmaceuticals, Inc. (NYSE Amex: ANX)
today reported financial results for the three and nine months ended September
30, 2010.
"Our balance sheet remains strong due to our commitment to prudent cash
management and reflected $29.3 million in cash at September 30," said Brian M.
Culley, Chief Executive Officer of ADVENTRX. "We recently submitted a New Drug
Application to the FDA for our lead product candidate, Exelbine, as planned,
and look forward to working with the FDA to
I'm using the post split conversion. It's all relevant because there is only 14.7 m shares now. The marlet cap is currently at 44.7M and on 12/29/09 it was at 191M.
Looks like the sellers have left us alone for now. MM's picked up a bunch of shares this morning and tripped the stop losses that were set up at $3. Think they will let it go now and make a little money themselves.
You would think that this would have been at $5 by now. I remember trading it when they first submitted the NDA last year and it was at $13 then, and that was in a bad economy. I think that the selling pressure is over now and we should have a nice steady climb up once word starts getting out. I bought a bunch this morning at $3.25 and really loaded up between 2.95 and 2.98 to average down so I'm looking forward to the days ahead. This has a lot of upside from here on out I think, especially with ANX 514 in the wings which has the real potential to generate some revenues.
Carl Ichan is the single largest inside holder. I don't think Carl would invest his money in this stock if he didn't think it was going somewhere.
1/3 of the o/s shares have traded already today. This stock has a very low O/S of 14.7 M
Largest volume day in ANX history. Today beat out 12/29/09 which sold 4.2m shares. We should easily triple that amount today.
I was cruising the biotehs news in the a.m. as I always do searching for my daily play and noticed the news on SPPI but didn't give VPRO a thought and went on to trade OPRX instead. I normally throw 25K at the stock that I want to play and had I played this I could have probably gotten in at .02 in the early going. Would have made a cool 150K if I was on the ball. I'll knoe better to read between the lines next time.
Bid and ask are rising
I don't think we need any other news in the next four weeks to maintain current price levels. The pps should rise soley on the news that we already recieved. The key here is to not watch every single tick of the board and to be patient until the trials are complete. If the trials are sucessful, we will be at $2 in no time flat.
Had to buy in at these prices. Should be in for a bounce tomorrow morning.
OUCH!!!!!!!!!!!!! This sucker is tanking.
Ask is rising!
This thing is starting to scream! What's going on here?
Watch and learn my friend.
Steady as she goes. I think we'll be back at .24 by eod.
Someone must have fat fingers after hours.
I think it's safe for you to come back now.
Looks like the buyers have returned. Stacking back up and .0018 getting hit pretty hard. Let's get her back over .002 by eod where we should be.
I agree. There is only one reason to bash so hard and that is to try and scare people into selling. Long and strong here!
More news!!!!!!!! Savannah East is up almost 200% today. This one will take off now.
CCTR is looking like it could hit an all time high volume today. Forward looking news on Thursday could bring in more intrest.
Looks like another big bite was just taken out at 2m shares at .0018. Only 1 seller at .0018 and seven lined up at .0017 on the buy. Should start to climb now that the luch lull is over.
I agree. I picked up a little more at .0018 just for the heck of it. We'll see what happens towards end of day. I think it's a good investment at this point.
We will probably have an upward trend in the pps through Thursday and if the Thursday CC is big news, we'll probably hit the .004 that you speak of real quick. This was trading at .03 just las Spring and I really can't see any reason for the decline.
Think I'll just sit on this one for a while. There's too much upside just to flip it for a few pennies. Insider buying, increased revenues. P/E ratio is only 0.23. Should be a long term hold in my eyes.
Just got some more cheepies at .0019. This is a real company with real products and increasing revenues. This is a no brainer long term hold. Conference call coming on thursday should keep interest sparked until then.
Top of the OTCC volume board again. We should really get some attention now.
Think it's heading back north again. Already at 75M shares traded. It may break it's April 13th all time record of 201 M shares if the volume keeps up like this.
Just picked up 2M at .0019. It will be interesting to see what happens today.
.022 were printed once. Let's see .0023 next.
All buys coming in now. Looks like someone wants a lot of it at .0021.
Someone just snatched up 2M shares in one big bite.
Thinking about jumping in here. The technicals just look too good to sit back and wait. Don't want to chase it up like I did ACTC