Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Thanks for the heads up on that, I was not watching it closely. Still holding, was waiting for a market pull back to add here. May be time to buy anyway based on that news!
The float is not that big a deal, 1/2 of it is not really float (Nordic), and share volume trade is very tight. Somebody just bought 15,000 shares in one block at .08 on a down market day this morning!
The OS shares doubled, yes, but the drug pipeline grew +300% and the cash in the bank is up 600%!!!!!
And the merger added new investors!!!!!!!
So what is the real story here? Why is this stock getting sold or dumped? Is this a real company? or a Penny scam getting dumped?
New chart folks! $1.04 is the 68.2% fib retrace from the Nov low to the jan high!!!! So todays hard bounce up off $1.05 was no fluke!!!
New chart!
http://cdn.cloudfiles.mosso.com/c71692/media/image/201004/phptv2JI4ECOCYTRLastStandFibApril7.png
I think today's lows were a final buying opportunity. We hit 1.16 and 1.05 high/low today, quite a range above and below the prior days close. Volume was not very high, about average today, there was one selling spike, 400,000+ share block volume sold around 2 pm EST that took us down to 1.05 briefly, but it did not trip a large number of stop losses, or any further selling, infact the price rallied back to close at 1.08, which the bottom target I posted last week as low we needed to hold. I think we just retested the low area on a down day after some profit takers got nervous and exited at 1.16 on the mornings opening rally, but we will see. I still suspect we may get a strong OPEX CYTR rally by end of OPEX next week, but we will see.
I found this in a biotech newsletter today. I think it may be pertinent to all stocks, but is obviously pertinent to bio stocks that have been bad mouthed by the stock press (manipulators...)
"Canada's Generex isn't at all happy with TheStreet and biotech analyst Adam Feuerstein's assessment of the company, and it's letting its displeasure be known--in the form of a $250 million lawsuit.
Generex is miffed about two articles Feuerstein wrote expressing doubt about the company's oral insulin spray Oral-lyn for Type 1 diabetes, and questioning the strength of the data behind approval of the drug in other countries. In the second article, he boldly states that further investigation into Generex work reveals that the developer is "using science and the quest to develop an alternative insulin delivery method not to actually help diabetics but as a ruse to perpetuate a 15 year-long stock promotion scheme."
Generex fired back with a lawsuit which, at $250 million, asks for damages that total twice the company's market cap. "These articles go well beyond the expression of disparaging opinion or fair comment," says Mark Fletcher, Generex's executive vice president & general counsel. "Feuerstein and TheStreet.com have abused their public forum by spreading categorical falsehoods about Generex and Generex Oral-lyn when a modicum of due diligence would have revealed the truth, an injury then compounded by unfounded and libelous allegation and innuendo."
The same day as the lawsuit was announced, Feuerstein published another article stating that while the company had gained regulatory OK for Oral-lyn in India, that approval was rescinded last year after the drug was on the market for three months. Regulators there said the drug's approval violated India's laws because it hadn't been tested in a local population. Yet the company made no note of the withdrawal in any of its documentation."
Source was fiercebiotech news.
IIRC ANX is just one of the stocks the street (and their buddies in the stock crime news game) have periodically sent into sell offs.....
This could be the start of a nice trend to take short selling news gurus to the cleaners for trying to screw over real investors!!!!!!
EPA CO2 permit news today!
http://eresearch.fidelity.com/eresearch/goto/evaluate/news/basicNewsStory.jhtml?symbols=SO&storyid=201004061726RTRSNEWSCOMBINED_N06245091_1&provider=RTRSNEWS&product=COMBINED
Cement, glass makers, and largest Coal power plants targeted.
I might add that current investors lose as the clock ticks and there is no substantial news of a move to commercialization such as news of a large DOE grant or commercial partner JV deal to build a first system. Once there is news of JV deal, this puppy could easily hit $1 the day of the news, or maybe even higher.
NYSE? I had not heard that news.
My best guess is they expect to sell more stock to raise cash to pay for the Capex ships they have on order, and to keep their debt down.
That should send the bulls here running for shelter! Talk about dilution potential! That is scary as hell!
Well somebody was up to something there after all.
Today's recorded conference call is online for replay now!
http://www.bestcalls.com/page_by.cfm?q=37010
COIN was down to flat earlier this morning, but is up a few percent now.
Going concern language has been removed on latest accounting report!
It is not a scenario so much as a if you buy at .30 and it drifts down to .08 (like it has) over time (people get tired of holding the stock after the novelty wears off) while waiting for the first big deal to happen (and they sell new shares to raise cash to pay bills while waiting for the first real deal to happen), the first real deal could be a private buy out at a price near the current price, like .08 right now, which leaves you trapped with a .22/share loss. Or they could just run out of investors to fund the losses as the price drops to near zero. This one, I believe will get a real big deal this year, but there is no guarantee the stock price will get back to .30 if it does, but then again if the news is PR'd just right the stock could jump to $1 overnight on this one, due to the huge potential of their technology.
The problem is proving it. SIRI was probably due for a corrective drop and support test anyway. If Liberty felt like the price had gotten too high to buy more (and they planned on buying more shortly but only if the price came down), what is wrong with suggesting to an analyst that the price has gotten too high and asking the analyst to look at the stock after doing some research and post an opinion? Of course if liberty paid the guy to post a sell and run opinion and paid him to post the sell opinion, then it IS a big SEC issue!
If the price was not too high, then people would not have dumped and run the day that analyst said it was too high (the day they killed the price over $1 rally to keep it Nasdaq listed). IIRC I think he said the stock was worthless or some such BS.
I just know it is easy to buy and a hold a good promising stock, watch the price collapse, and then suddenly a savior comes in and takes it over for pennies, locking in the buy and hold investors losses permanently. I have been screwed that way far too many times since 1986, to buy and hold most stocks anymore.
COIN, CYTR, ANX, all tripped multiple buy signals Friday, based on EW-fib retrace analysis (see my posts on the discussion groups for those tickers here) and based on candlestick analysis at Americanbulls.com!
And AEXP looks like a buy too.
Well we rallied off the second double fib crossing where the 200 MA converged, on Thursday/Friday. Low convergance / bounce was off of $1.09 and we closed green Friday at 1.14
Americanbulls.com candlestick analysis system also posted a buy on CYTR Friday!!!!!
Next stop $2.00 ( I hope).
I am very long on this one!
Americanbulls.com candle stick analysis posted a buy on COIN Friday!
I am going to start looking at going long here, based initially on the droid phones.
I wonder if the recent drop in price was not engineered to get the take over price back down to a more reasonable level for Liberty?
So what is the real story here, besides a feeding frenzy judging from all the posts last 2 days!
FWIW, this is a legitimate outfit, so the accredited investor buys are following SEC rules. They are also reporting the sales quarterly in the SEC reports, volume and price, I just forget the details vis a vis restricted, registered, etc.
We should get a nice dip buy op soon if they don't drop a news bomb on us first like a DOE grant or JV partner deal signinga, as they just reported to SEC today that their next report will be late!
I got a mess of them at .06 in the last pre news crash and sold at .16 IIRC after good news PR was released.
IIRC market cap is just number of shares times share price. So as the price goes up (or down) the market cap goes up (or down) in a linear direct ratio. So if stock issued doubled and price is unchanged the market cap doubled.
Market cap is not book value, nor is it based on stock holders equity.
Kenny, good morning! That is true in general, but CABN has only been raising money by selling discounted (discount to retail price for minimum dollar investents) new shares only to accredited investors, not sold directly into the retail market. I don't know the details as to resale restrictions, or time limits, if any on those shares they sell to those investors.
This a good one to keep a close eye on as the CEO pretty much said in a recent PR that they will have a power plant partner full scale deal this year, and that they have active negotiations ongoing now with more than one.
I am waiting for about $6 this time to buy.
You can loose if you buy too soon and hold too long, and get diluted before it pays off. Time is a killer! She is a mercy less biotch! LOL. Operating costs are paid with sales of new shares, usually at prices below market, that dilute your % ownership....., until the company has real earnings! Till then it is a traders game! Buy low, sell high.
I don't see any useful data for investor details on the waste water technology deal in the report, just legaleze boiler plate BS.
I still like this company's product, process, goals, green market, growth potential, and all, but I will be very careful how much I risk here, and when and how long I risk it, until I see signs of falling loss rates! I have been burned too many times.
Reduced loss? LOL, good one.
The derivative loss in the prior quarter is now a 5.x million dollar gain. But the 09 versus 08 loss is way up. Was the 4th quarter better than the 3rd quarter? I did not see the quarterly yet, just 08 to 09 comparison which looked horrid. Gross loss went from 4xx,000 to 4,xxx,xxx, a 10X increase in the 1 year losses just based on cost of goods sold and selling revenue! Total loss was up 60%, from 10.8 to 16 mil. Shares went from 6 mil to nearly 20 mil (or is it 38 mil shares now?), diluting the loss per share 300%. Lets spread the pain! LOL.
It sure looked like some one like the report, or just news that we had a report finally, as the stock price rallied hard while the market indexes crashed the last 1-2 hours before the close? Curious that we had no warning of a pending report?
Way too much to read an digest in one night, but there are details on the Heartland waste water license and marketing agreement in this report!
I think the market cap you are looking at has old stock OS data in its calc formula still. I have learned the hard way that most of the data in many of the best online sites (like PE, dividends,......) is old and very outdated. I only trust the latest SEC doc data and my own calculator. Market cap is simply stock price times number of OSs, is it not? Even PE and earnings per share is BS in this market with OS jumping all over the place by huge amounts. I am basing my valuation on the increased value of the added drug pipeline, increased value of a stock that now has enough cash in the bank to survive 2 years longer than it did a month ago, divided by the new total shares outstanding. I got we got more drug pipeline and cash than we gave up in stock dilution, thus a higher stock price is justified. I have a 12 month, or less target of .15 before I single share.
Look at SIRI stock price last 16 months if you think MHAN has too large an OS and float. It has 3.88 billion shares OS.
I smell a sweet buying opportunity coming soon.
10 day average was about 76 million, there are a lot of day traders that trade the stocks volatility, the increased price on increased volume is considered bullish short term, especially on a down day for the markets averages.
Yahoo went way up after Ichan bailed IIRC. Didn't Ford rally 1400% after Ichan bailed?
I am still long, but if Ichan bails I will add, LOL.
APWR got nailed again today. CGYV rallied nicely up 15% while the markets nose dived the last hour.
COIN and CYTR have bottomed today, see my posts in the DGs.
Bearish? That market cap is old, and no longer accurate. Probably should be 10-20 mil now
We closed up 5%, at a recent high, during a market sell off on larger MHAN volume, and large block volume buys at that, at a recent (6 month?) high! No one is selling this stock, except at higher prices. And the bid/ask spread has gone from .035/.065 to .075/.085!!!!
Like I said before, the buy WAS at .065 a few weeks ago.
What rallied it so hard today? Volume is way up, over 200 million!
It is falling on the quarterly report this morning where APWR projected a lower revenue expectation for 2010 that analysts were expecting, that plus the huge drop recently sent people selling which tripped stop loss sells. No big mystery.
MM could have gotten stuck with too many shares and moved the price up to distribute, who knows, but the move was impressive. Short covering perhaps? But I hear it is hard, impossible to short penny stocks? Or a Mutual fund stuck with old shares from a while back (when price was higher) bumped the price up when it hit the buy target to stop tripping the sell stop loss order triggers. I had fib fan targets of .78 and .74 as the next support targets, but it never got there.
We were down and crashing, down 5% today, then volume dried up and low volume pushed us up to 2% green in last 30 minutes, a 6-7% rally, with no new news. We bounced off .80 round number low!!! Volume is twice the 10 average today!
We just got some nice volume, block volume at .12, and bid is now at .12!!!! Volume is above the DA.
While the level 2 looks live (thanks for the post), the last sale data on that page is static, it is a day old, so ignore it.
Fidelity ATP shows 25,000 shares traded last 15 minutes.
20,000 share block volume sale to open at .08, now at .084, volume already above the daily average!