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.
Thank you d0lphin0m for your answer. With a couple of exceptions for posts that I thought sounded like too "rah rah," or resembled a "pump and dump" kind of post, I have found 99% of the posts here informative and helpful. Disagreement between posters is to be expected and are not necessarily bad, as long as well intentioned.
I don't think the "rah rah" or "pump and dump" posts were deleted, nor should they have been, if not in violation of TOS.
I don't think you should leave or be banned.
First time, in recent memory, that I can recall the price of the stock, on an up day, not selling off at the close! What is the market telling us?
Interesting how the "buys and sells" orders can sometimes happen in a flash, while at other times, like in your case, d01phint0m, it did not. Probably just better to sit still or put in an order outside the bid/ask and see if it gets hit. Thanks for sharing what happened with your order.
Interesting price action in the first 90 minutes.
Makes my "hindsight" go crazy thinking if I had the "foresight" to sell yesterday at 77 cents and buy back today at 68 cents. So tempting at times with the price action having had so many "false" starts upward. Perhaps the best thing to do is just step away from the computer.
Just cranked up the DVR and watched the Charlie Sheen interview. In addition to what has been posted about it, I found it interesting that he mentioned that "we" are so close to getting FDA approval. Not the drug being so close, not the company being so close, but "we."
Perhaps it was just his phrasing of it, or perhaps he owns stock in the company and that is the "we.!"
Regardless, his optimism really came across in promoting Pro-140. Actually did a beautiful job. The company itself, while not mentioned, could easily be googled by anyone by entering the product name.
I can't help but wonder now, between the volume and the breakout, if some "bells" might go off on some technicians charts. Also wonder if the shorts took cover, or more shorts have added onto positions?
I believe it is far easier to look back at a chart and make sense of it with the benefit of hindsight. Nobody here seems to know when it will "blast off" or "explode" upwards. I think it is the inherent optimism here, rather than the pattern of the charts, which is dictating the predicted direction of the stock price.
"The trend is your friend." At the moment, is it fair to say we are trendless?
This is, of course, nothing more than an academic discussion about charting. Ultimately, the fundamentals will decide which way this all plays out.
I used to be a great follower of charts, with all the technicals I see mentioned here, and then some.
However, I haven't gotten a very warm feeling as to the predictive "abilities" of these charts to serve as a guide as to future price action pertaining to CYDY.
Ideally all the fundamental price action gets "consolidated" onto the charts, which then can be interpreted using various tried and true charting methods.
Perhaps it has to do with the sub $1.00 price, the shorts and the warrants.
Any thoughts?
Disclosure: I am "very" long, in for the long term, and fully invested.
Wow Saltz! Great, great post!
As an aside, while I have learned thru context what some of the abbreviations stand for, can anyone guide me to a place where all the abbrev used can be identified, or do you suggest I just google them?
You're never going to be alone with that kind of well thought out "thinking!" Happy holidays, d0lphin0m!
Thank you 5TOP for your comprehensive answer to my query. Clearly, as you stated, I was confusing a reverse split with uplisting. My understanding of the whole picture has been greatly enhanced. Thanks again!
To me an uplist is just a way to play with numbers, make the stock seem worth more than it is, plus to give the shorts a veritable field day to knock the stock all the way down to the price it was before the uplist took place. So, in the long run, nothing is gained and mostly everything is lost.
I know I must be missing something here because some very well respected members of this board have supported the company doing it.
Such light volume today. Just "static."
So "Emergcy," the old adage that "no news is good news" might help you sleep at night!
I know its human nature, and I do it too, but watching all this stock activity so closely can drive one crazy. The focus needs to remain on the big picture, the fundamentals, and what brought you to buy this company in the first place.
I loved reading all the optimism these past few days, but in a moment, most of it vanished. The poster who mentioned the tremendous upside volume had it right!
"Gilead's HIV Business Is More Cash Cow Than Shining Star"
http://seekingalpha.com/article/4026255-gileads-hiv-business-cash-cow-shining-star
Long, but very interesting article, includes:
Meanwhile, ViiV Healthcare (GlaxoSmithKline), Janssen (Johnson & Johnson), Merck, and a variety of other companies such as CytoDyn (OTCQB:CYDY) are in the process of advancing HIV treatment in a variety of ways. First of all, more fixed dosed combinations (FDCs) will enter the market to compete with Gilead's existing STRs. Additionally, ViiV Healthcare and Janssen are currently in the process of working on a long-acting injectable treatment (cabotegravir + edurant) that would only require an injection once every eight weeks.
How is one able to discern if a sale is coming from a warrant seller versus a "retail" stock seller?
At 11:35pm eastern time, it now appears that our next President will be Donald Trump. In response, the Dow futures are down over 500 points.
If the "theory" I mentioned in earlier post is valid, that when there are major moves in the broad market, CYDY moves in the opposite direction, then it appears that tomorrow you can buy the farm! (I wouldn't go that far, but lets see what happens with CYDY)
Just an undocumented observation.
Generally speaking, the price of CYDY seems to go the opposite direction of the DJI (or the market in general). When the market goes up strongly, the stock seems to sell off, as if the sellers are putting their dollars into an upwardly moving market, and the converse appears to be true as well.
Absent any real news for the company, while you can't bet the farm on this, I just wonder if this might be one reason why CYDY stock price has moved the way it has over the last few months. Just market fluctuations, money being moved from one place to another, then back again.
Misiu, I have no issues with your timeline being correct!
Or it might not be by the first quarter of 2017. To me, this means, "stay posted" (to this hopeful time frame).
I see a R/S uplisting as giving a great opportunity plus plenty of room for the shorts to shoot this company back down into the stone age.
As for the comment a poster made about the value of this company being recognized, especially if the price is higher...as far as I'm concerned, unless the FDA approves, this company has no value.
I think we, as investors, are growing impatient, and understandably so, given we possess "human nature."
Think why you invested in the company in the first place and what needs to happen in order for your dreams to become a reality.
It appeared that, over the past few days, we saw shorting at all levels in the 60's price range, especially when the price went up, it got "shot" back down again.
Would it not be the case then, given the above to be somewhat correct, that at the "lofty" price of 70 cents, there is more opportunity for the shorts to increase their (short) position?
Concluding that these downward moves would be "technical," not "fundamental."
Thank you, Emergcy, your heart is in the right place!
Misiu, same goes for you! Perhaps I'll celebrate our getting out of the cellar by purchasing some more tomorrow!
I'm 67 years old, but I never thought "70" would sound so good (even if just for a moment!)
Awaken, there are no guarantees, even for shorts like that.
When the day comes the FDA approves and CYDY announces, there could be a volatile "short squeeze" as the shorts feed the buying frenzy that will ensue, propelling the price even higher! It happens!
Of course someone buying "large" is nice. However, small upward moves without any favorable financial news to support it, means to me that "Mr. Short" will come in and take advantage of any price spike and sell it back down. That, of course, is his privilege and right to do so. Its not personal to him; the individual is like the rest of us who wants to make some money, only opposite as to how we do it.
I was going to say that it appeared to be a classic battle of the longs versus the shorts today, deadlocked between 63 and 65 cents, with tremendous support at 63 cents, matched only by the incredible resistance at 65 cents.
In the end, it was "sane Shane" to the rescue, for the support team!
Thank you for your courage and conviction today Shane. I hope it pays off for you, as well as the rest of us longs!
5TOP, I respect your opinion and the wisdom this and your other posts have brought. I think our main difference has to do with our having different "philosophies."
It appears that your emphasis is on getting the stock price up before the FDA approval comes, all for the good reasons you stated, while my belief is that the FDA approval will take care of your valid concerns about insider and institutional buying and so the emphasis (and direction of dollars spent) should be on developing the "science." The fundamentals and financials will at that time put the stock price where it belongs.
In the end, Bucky, the institutions will join in, once the FDA approval is in place. The price will increase substantially on the fundamentals, and will reach a point where the institutions can participate and will add to further increments in price.
Right now to a disinterested observer (not talking about myself), you have a drug, totally dependent upon FDA approval. If the FDA does not approve, you basically have a worthless investment. In other words, to many who look at this company, its a crap shoot. The people who have invested here, after doing their DD, feel that this company could improve the lives of millions of people.
In the meantime, is there a possibility for another company to come up with a complete and forever cure that would make our company totally obsolete? If I was an institution, responsible for investing billions of dollars of other people's money, I would want to be extremely sure of where their money goes before taking that leap.
If one gets "too" emotional when the price of a stock goes down, they are not doing themselves any favors by reaching for straws (eg. management spending valuable resources to promote, playing with the price by doing a reverse split, demanding insiders buy more, etc.)
I understand people being upset and depressed being behind the "eight-ball." Nobody likes to lose money. The gentleman who recently claimed that its not a loss until you sell is clearly wrong. Just because you still own it doesn't mean you haven't suffered an unrealized loss. Any investment is worth only what you can sell it for.
But the point is you all bought in on what you saw as potentially a great technology, one that must be proven before any dreams of wealth can be realized. Promoting the vision before the FDA approves it, is money down the drain. When the FDA approves, when revenue starts flowing in, and the fundamentals justify a significant increase in the value of the shares, only then will the "red" in your investments go back into the "black." As I said in my previous post, until then, all the movement in price is just "static," meaningless "noise" if you will.
If you believe in the concept, believe in the company, hold your shares or even buy more, and most of all, be patient. You all knew that before you bought in.
Thank you for a very intelligent post, Blane. I am new to this Board, but not new to owning a position in this company. My belief is that, in the end, the "fundamentals" will drive the stock price, not insider buying, not dilution, not short selling or covering.
When the "news hits the fan," your long deserved patience will be amply (hopefully richly) rewarded. Until then, all the stock movement is simply "static," a lot of meaningless movement, for reasons we cannot see or interpret.
I know that the steady decrease in stock valuations is disheartening and frustrating. Please keep in mind the reasons why you bought stock in this company in the first place, where the company was with the FDA then, and where they are now. Its still early. Insider buying may prop the price of the stock now, but profit taking on that surge will bring it right back down again.
Keep on saying to yourself "FUNDAMENTALS."