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.
Technically when you sell before shares settle, you are selling short.
Load up stunning?
Yeah, have to use a stop that you roll up, part gone for me.
They made a good chunk on this raid.
Experience makes you miss the first bump up. But generally they do tend to bounce a little after the first pop up and consolidate.
Waiting for that pop is hard ....
After the pop and halt, pullback looking juicy. Have to hope that support is near and those who shorted over $20 take their easy profits.
Lots of midpoint trades, which is indicative of shorting. Good luck.
Damn. Quite the flush out happening.
Board also went quiet.
IPO at $4 earlier this year.
Seems like some attempt at support here .... may be worth a scalp?
Overhang can be weird.
We shall see if this can break through $0.14s and punch higher.
$2 seems a little rich.
Let's see $0.20 first.
Good buys coming through mowing some flippers who bought in.
Trading float may be getting locked.
NICE.
Someone trying to accumulate a few before it runs.
Phantom bid keeps moving.
8-K is nice, but may need to flush out a few more.
If that nice bid moves up to $0.11 we could run.
Like how it is trading this morning.
Not the best day of the week for positive news, but hopefully $2 is good support.
During a more regular week, I would be looking for the Algo and team that has been pushing these low floaters this year to pump it further.
I don't think there is enough market participants for them to do their thing in a slow week.
To be clear I think someone employees them to run a stock up when they have a position.
Run it up so that someone can sell into the volume. They could be doing it now, but with less market participants, it's harder to get enough buyers.
That's normal when a market maker who had their order at 4s cleared out. Just took a few seconds for the order at 5s to show.
Pretty big wall here at 5.
Liking that the 4s are starting to build.
If the 5s start going this might get interesting.
Less than 120 million on the ask and more people might take a chance.
Pretty decent earnings.
But given the general market sentiment today, I am not sure if it can get a good run off of it.
Well, when a large order hits on 5s and they turn around and offer at 6s, you kind of kill the run.
Another 20 Million on the ask in the last couple of minutes.
Interest has definitely increased.
Seems like there is no toxic MMs.
The right news sends it.
Pretty good bounce of $2 area pre market..
Seems like this one will be volatile.
Another bounce of $2.00s would be nice once market opens.
Has to hold over $1 for 10 days.
It's more like someone stuck employed someone to ramp it (so they could sell).
All it does is give the group looking to sell people to unload on.
Can you make money on it?
Sure, but just realize it's not sustainable and there is no news.
In fact, Nasdaq already warned them about possible delisting coming.
Seems like quite the overreaction.
Basic order book I see says bounce ... let's see how much resistance there is at $4.50s (if it moves there)
Some people like to sell at least half when they are up 100%.
For now it seems 2s are getting hard to get.
We shall see if there is any pressure on the 4s or if it is still stuck in the range.
After doing digging and seeing how much options the CEO and executives have, I have given up and bailed.
I feel it's scummy to have that much options relative to the outstanding shares.
Other plays up on the China craze also hit pause.
The fund running the buy algo which has ran up quite a number of them will just need to find another one.
I suspect that once they generate the volume and interest they ultimately build a short position.
More like someone short a big position demanded that the company respond and say nothing is happening.
Just remember the market is more fair and balanced if you have more money.
Someone with a small account and complaining would just have their email deleted.
Ascediant Capital is well known for at the market (ATM) offerings on Nasdaq stocks.
If people don't understand what that means, it basically means that they operate in the market to help companies raise money.
Where did this idea that they are used to short OTC stocks came from as it is unknown to me?
I always hear that they are short, but my research shows that they are used for ATM offerings regularly.
Decent beat on expected earnings.
Might be interesting should $15 hold.
Yeah, Institution buying 20% stake at $37 and there was a hostile takeover bid at $36.00
Buying at $26.00 (with a stop of course) seems like a gift.
Let's see if shorts try and hit it back down to $26.00 or if others (with bigger pockets) put up more support.
I think it's overextended here in the low $26s
Quite the scub out after receiving an investment at $37.00
I will take it and hope to not get stopped too quick.
Pretty sure that the warrants are exercisable at $10 or $10.50 ?
Edit, it's $11.50
Held and bounced off $0.025
But yeah, pretty harsh face rip.
Spread at $0.005 someone was trying to spook out shares.
EDIT: To be clear it goes both ways on a spread like that, but a true seller wouldn't be that far off. But if you wanted to pick up shares with few buyers, you could crush the bid and see what pops out.
The spread was half a cent 20% .... that's just ridiculous.
Obviously someone got spooked from 10k sells to open the spread. If it was something to worry about, it wouldn't have been that wide.
Let's see how it goes though.
No gap would look better.
To me the sell off after 2pm (below $0.04) was on lowish volume.
If this week's news as well as the prior weeks news leads to more eyes and support then it should lead to a good move.
The only rational comparison has been to NWBO which said shares traded at $0.10-0.20 for a period of time while it was in trials.
The calls for $1.00 here sound ridiculous at this point. I mean it could happen at some point but not at this time.
To be clear it's going deep red until you get in correct?
First, let's see it hit $0.06 and $0.10 before getting carried away.
Here is a site of drugs that were licensed from NIH.
https://techtransfer.cancer.gov/aboutttc/successstories
Millenium Pharmaceuticals Velcade is listed there.
Millenium was eventually bought out for $8.8 Billion in 2008.
Of course, that's not the current value here, but it is a value for a company that started out by licensing from the NIH.
My understanding is that this is the follow up to the news from July 06 ...
And, it says they received the grant of license from the NIH, not that they sent out an application today.
Perhaps today's news along with last week's news finally hit the shares price today.
Only time will tell.
Pretty Normal Friday action. Cooled off again and might make getting in on Monday look better.
Friday mid-morning news releases are not ideal.
Tuesday or Wednesday would have been better.
Not much you can do about that at this point though.
Continuation or not on Monday, that's the current question.
Will put on watch, but without the actual news, it's just a rumor.
Burned many times waiting for news while others sell.