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I am not sure a post like that is any more reliable than a bash post. I am waiting for someone to panic in the recent market wide sell off and run for cover here. Then I might finally grab a few shares and take the risk to go long. GLTA.
When are we going to see finacials, or some kind of report, sales......
When are we going to see finacials, or some kind of report, sales......
Tonight's press release is so bullish, it sounds like they will be building one full scale with a partner by year end, based on the news they have enqueries already. I wish I had not sold 90% of my shares now, but I was afraid we heading way down to .06 again. Not after this news. We might just hit a 52 week high of this PR!
http://money.cnn.com/news/newsfeeds/articles/marketwire/0580037.htm
This puppy is going to gap way up in the morning. I hope every one did not sell all their shares. I am guessing .20 to .30 in minutes of the open tomorrow.
Sorry to disagree on your "half a brain" statement. You assume too much. I never short stocks, so I know little about who can and can not short them. There is a difference between ignorance and stupidity.
I did find the comments interesting, and informative (Scott trade, versus the others).
Has anyone gotten their hands on the annual report and read it? If so what was intersting? I won't have time to read for a few days, would find any summary interesting to hear.
I must agree. I am pretty sure the nose dive last 2 days was fear that Washington was about to can Bernanke in a political move to go after votes. I think some senators saw the market crashing last 2 days on rumors they would replace him and then suddenly had second thoughts. If they had continued the attack next week on Bernanke, you would have seen 1000 (and then 900) on SPX disappear in a puff of smoke. Perhaps Washington learned something last time they decided to muck with Wall Street and crashed it 900 points on the DOW in one day.
Bernanke is possibly the sole reason we are not already in great depression II.
That is good news. Does anyone know if we are still getting the monday news, or article I read was coming earlier here?
Do you have a link to that news?
A few more days like that and I could break even here.
No, it is not explosive.
I have no idea where the bottom is on this one, but it just could go back the $8 area real soon.
This is my first visit here. I don't see why the stock dropped on the recent fund raising dilution. I don't see many shares to begin with (EDIT: OK pink sheets is showing me a recent filing with huge OS, so I guess I need to dig deeper here...OK the last SEC filing this week says: 38,361,674 shares outstounding, that makes for a huge market cap at todays price so I am missing something), and with a $1 million dollar fund raising at only .80, that still leaves a tiny OS. Am I missing something here? And I read in a newsletter today that the CEO here, is the NVS ex-ceo? If this is right, this stock is incredibly cheap, overlooked, unloved and ripe for the picking. Only a $1 million dollar market cap for a biotech? And currently selling for 25% of its 52 week high? And with insider buying too!
We held the fib retrace line in the sand at $1.03-$1.04 today, in spite of a hard market downdraft for the second day in a row. This is the level to buy at folks, IMHO. When the market bounces, COIN will move up hard and fast. I watched major bank stocks drop more than COIN did today!
Thanks for the post. I see a lot of NVS news lately, but no discussion or posts about them here. I am long NVS. Do you think this news is significant, share price wise?
How many shares did they sell? When did they sell them?
Dilution, they sold shares, raised 8x something million dollars with a private placement of new shares. Hit the news today, on a real bad down day for markets, and tanked. I warned people here about 4 weeks ago that I smelled it coming.
If we get a strong bounce market bounce up Friday (or by Monday), it could carry us back up a long ways. Be nice to have a strong market wind at our backs. Normally I would have bailed out by now with the market moves down the last 2 days, but this one is setting on an extremely stable support level, a fib line, trench in the sand, that I have held strong the last 2 days. GLTA.
How can 100 shares be sold at .31 when the ask and bid are both at .318? very strange!
That is the path for a typical NDA. The new NDA that ANX filed is not typical. It will skipping most of the phased clinical trials listed in your post. That path normally takes many years. The alternate path ANX is taking could put the drug on the market in less than a year, IIRC.
.33 was upper resitance, it is now acting like strong support.
.36 should be the next hard target to take out.
I just loaded up more CYTR at $1.32, which looks like lower channel support line low today, channel support for recent rally, and we are up in a very down market day today, all very bullish here! I still have shares I bought in march last year.
Yep, looks like the selling is OVER here! Now if we can just get some buying momentum back.
I think ANX is now testing .33 as support!!!!!!!! No longer upper resitance. A bullish move if it holds! Especially bullish after todays sell off.
The good news is the sell off was hard and fast, and may be over. I think SPX just hit the e wave of an EW abcde that it will bounce off of to new highs, taking us with it. Also nice to see ANX confirm the lows from yesterday in such a bad down day, and turn green. WE are going higher here this week for sure, IMHO.
Hospitals will not, and did not due well today. Medical insurance stocks were up instead. Not sure this is good news for us. I would say mixed.
Selling volume peaked on the 15th, has been dropping ever since, see the 30 minute chart on
http://www.freestockcharts.com/
and add / look at volume indicator.
Yep, closed right at that gap/resistance level.
I won't be surprised at a gap up at open to .40, to get past the old gaps, making many wish they had bought here.
Day traders are making a killing on this based on the volume last 2 weeks. But every time it drops like this, it seems to be setting higher and higher lines in the sand, floors under the stock price, and long term (2 week) selling is steadily dropping as we hit higher lows. I am holding a long term position, but also now trading some highs and lows, just way too much price movement to not take some advantage of it. I think there are some hit and run (sell and buy) short sellers playing this one big time. Just too much volume for it to be anything else.
There are two huge gaps above, one at .36 that seems to holding us down under .36 currently. The gap runs from .36 to .39! That gap filled a gap from .34 to .36 that forms a several days earlier! We have gaps here filling gaps! Not sure what that means. There is another gap between .426 and .45.
One thing for sure, if it gaps up, no chance to get in mid stream during a gradual rally.
Folks I think we just retested (second test in one day) .31 fib area, and rallied off of it!!!! And .33 has turned into a tight range upper target last hour. A break out out above .33 should get us moving, then look for .33 to become new support. We already had a strong move to .354 earlier. Looking at the last 2 weeks or so of patterns, I would expect 2 more up days after today.
Good points all. And since when did doctors ever use the cheapest drug? LOL. They will use what they perceive to be saver, more effective, and has less side effects no matter the cost, unless the government takes over, which is also unlikely (over hyped by media, and conservatives).
I think there is also support a little higher at .30-.31 based on fibs.
Good possibility there of $2 soon. They announced today that they have hired a professional marketing firm (advertising gurus) to help them further boost sales, and exposure. That should help the sales and stock price. We are up a good 10-12% this morning already.
Thanks for posting that link!
The street is talking about us:
http://www.thestreet.com/story/10661651/
Nice post, and details, Thanks! Some of your post, helps explain in part why NVS has been so free and aggressive with spending money in the acquisitions and expansion (recent China move) areas, other than just grabbing low hanging fruit at distressed prices. Guess I will take a second look at buying more. I am also long.
Nice chart. As hard a drop as we had in the markets Thursday, and as hard as ANX hit the .30-.31- fib area thursday, and as hard as the support held at .30-.31 in spite of strong selling volume, I think any dip will under .30 will be extremely fast to take out any last stops, and to trigger more buys in minutes of the open Tuesday, followed by a strong bounce and rally up from .31/share. I will be surprised if we don't head back to the .4x area on Tuesday, or some time this coming week, and then set the .36 area as the next support line to drive shares higher. I don't think this one needs any more news to push it over .52 in the short term.
The recent, and continuing volume has me convinced.
I think it is setting up to take out .50 and .52, and turn them into support. I don't think you will get a valid H&S here, but if we do, it is likely to be head fake that fails up, not down. It is going to take a lot to break out up and over .52, but we have the volume to do that. May take several trips up over .52, before .52 becomes support.
Nice chart and video! A must read and watch here. Great post! Thanks.
Heads up folks! Bull warrior stocks dot com just profilled CYTR in this weekends news letter as a buy at the current pull back.
http://origin.ih.constantcontact.com/fs064/1102628763443/img/138.gif?a=1102946095233