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It was PVCT. it was 2 years ago, now that I look back at it.
Reminds me of another biotech that went from .60 to $6 in 1 month last year. Once it broke $1, it was gone.
The news is going to send this to $2 so fast watchout
It works. We should be getting results by mid to end of next week!!!!
Over .60!!!
I have owned it and accumulated a position over the last 2 1/2 years...starting at .56 all the way down to .186.
I had a similar stock a few years ago that went from .60 to $6.00 in 45 days on the speculation of getting approved by FDA.
This is a so much better stock that that one was, so I am not selling anytime soon. I will sell 25% - 40% of my position once it gets to $1.40 and if it can't set a new all time high.
finally a breakout to new highs!!!!
No trading going on at all? Seems odd no trades are going off for last half hour
It is not an additional capital raise. it is a change to the registration statement to the previous 2 they did this year. It just informs the public that they can sell their shares in the open market now if they wanted to.
THis is a non factor as those investors did not get in to make 10 cents profit
why did it just dramatically dive? 3 days to go up.. 1 hour to go down
I understand the concern over an abundance of new cheap shares, but you have to ask yourself. If you are a private investor or investment group who has gone to ARTH to create the arrangement to investment millions of dollars, did you really do it to make .30-.50 cents per share?
NO!! You are buying it because you believe in the medium to long term plan of the company, the legitimacy of the product, and the belief that it will be a $3-10 stock one day in the future.
My opinion, but I have been around trading for 30 years.
Broke .45 to the upside!!!!
who is selling at .40 on this news? Don't get it.
I am not selling for a very long time, so they are going to shake me out.
I just dont get who sees this as a good time to exit?
This news should push the stock into the .50-.60 cent range IMO.
It should at least test the .54 cent 52 week high
Here we go!!!!
I get there is dilution to some extent, but that is what happens when you have people willing to give you $3.4M .
The issue I have is the people who just got shares for their investment, did not give $3.4M to sell it for a .05 - .07 cent profit. They are not running to their brokers today to unload their shares.
That was both an overreaction and a chance for some savvy short sellers to take advantage of fear.
It has already started to settle and move back up.
Was a very good opportunity to get some great additional shares
what world,
Couldn't agree more. makes no sense. There is no impetus to sell here. There has been no recent run up, news will be coming soon (in the next 30 days of so) about trial completion and CE Mark Application submittal, and it is not a "day trading" type of stock.
I just think people are trying to keep the upward move to a crawl to accumulate as much cheap stock as they can.
totally agree whatworld. The $94/share they paid in all cash buyout sounds good to me!!!
Pfizer both ANAC today for a 54% premium, all cash deal.. The Wall Stree Journal said:
Post-Allergan, Pfizer is looking for acquisitions to boost its revenue and growth.
I know a great company that would fit Pfizer to a T: Anyone hear of ARTH?
maybe, but I am hoping it is people short selling so that when it does start ripping they have to cover .20 higher!!!
I understand that the stock is not going to explode to $5 without more good news and the CE Mark coming through, but who is selling this at .40?
I would love to know who thinks that .40 cents is a great exit price?
I can only hope that when the additional good news comes out in the next 30-90 days, that people who sold here pull every last hair out of their heads out.
lakingsphan0427, so funny.. so did I today..
Cricket,
I couldnt agree more!!!!
Cant wait...
setting up a nice base for the next move up
The shorters are having their time with this. Cant wait for the next good update by the company and the scramble to cover that will take this stock up 20 cents.
It is so obvious when you see them lining up at every .0001 level on the ask
I will always find it funny when you have a strong potential stock like this that everyone knows will hit and go beyond a $1 in the near future, and you have day traders trying to scalp 2-3 cents out of it...
think about how many big pharma's started out as a $50M company...
Firmly believe we are going much higher.
Last year I was in a cancer drug stock that went from .60 to $6.00 in less than 5 weeks on potential good news.
This stock not only has potential, but real results coming to fruition.
Strong close.. cant wait until they announce conclusion of trial and CE mark application in the next 2-3 months.. going to be $4-6 dollars easy.
Then J&J can come in and offer the world to buy us out :)
.369 and .39 will be eclipsed soon.
They are only small resistance levels compared to where this company will be in 3-6 months.
BREAKS .29!!!!!
So why is there someone on the ask for 100,000 shares at .31?
Get out of the way and sell it at a DOLLAR!!!
When this stock breaks .29 to the upside, that will break the trendline established from the July high. Next resistance would be .36 and then .39
Just getting started in prep for this summer's CE mark approval!!!
Regis,
Great overview.
No explain why someone is on the ask for 100k shares at .26?
Makes no sense why anyone would sell at these levels.
Back off the ask and let the company get some momentum and then sell some much higher!!!
Love the scalpers.. have to get their 2-3 pennies :)
Somebody wake me up in 4-6 months when someone buys them for $27/share
Needs to break .24.. that's the real resistance. What you are seeing is market manipulation to keep the stock down because there is someone accumulating a large position and doesn't want it to run to the moon until they get the entire lot filled.
There is nothing that is going to eventually stop this company from reaching its true potential. Summer of CE Mark and commercialization is coming.
I have waited nearly 3 years for this and it is right around the corner.
Hope they are. Then they can be the ones buying it back all the way up to $1 when they get their CE Mark..
Ridiculous.
would love to know who thinks that .195 is a great price to sell this stock.
Don't understand people at all.
once this breaks through .24, it should have much less resistance!!
Don't disagree about the need to raise more money, but if the results are there and they can generate interest and momentum for the purchase of their stock, they wont need to dilute further. They can use treasury stock to fund additional business ventures.
Not to mention, positive trial results in the next 2-3 months should make them a very attractive acquisition or joint venture play.
either way, it is a sad state of affairs that companies that are really close in the biotech world have a complete different valuation model than "pie in the sky", "might be great one day" companies, whose stocks skyrocket on absolute nothing.
What I find amazing is that 3 years ago when I first bought this stock it was trading in the .60 - $1.25 range and was YEARS away from getting anything to market.
Fast forward three years, the company is hitting amazing milestones and can see commercialization on the horizon, and the stock can not get over 22 cents!!!
Who is selling this for a 10% return when, if all goes well, this has 10x that potential minimally.
Like I said, amazing?
I have owned it for 2 years, so I don't care if I have to stay patient for 6 months of 2 more years. I just don't understand the action of the stock based on todays news.
The stock spike to .35 cents a few months ago based on presentations to investors.
The stock announces that HUMAN trials have been approved to commence and people are selling it every quarter penny
DONT GET IT