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Thanks for the note JT. I will check ITRO out. Any comments on IDMI and/or RGRP.ob?
Good investing, Bow
IDMI @ $2.54 on 4-4-08. +$0.46, +22.5% in last two weeks.
$2.34 on 2-6 (12.83M shares traded) and
$2.08 on 3-20, general support levels.
$3.14 on 2-19 (3.14M shares) and
$3.81 on 2-5 (12.83M), general resistance.
Would like to see us stay over $2.50, we shall see.
GLTA
CALD earnings 4/31/08, 1:30 p.m. PDT. See if the cost cutting measures by management have done some good.
IDMI @ $2.40. All we need is volume.
from Easymoneyman99 on Yahoo IDMI mb:
Truly every technical indicator is bullish right now.
(1) The stock has been trading above its 10-dma, 20-dma, 50-dma, 100-dma, 200-dma, 10-ema, and 20-ema for the last week. All those averages are increasing, except for the 20-dma which is now just beginning to turn positive.
(2) We had the "golden cross" just five days ago.
(3) We have an apparent breakout from an ascending triangle after about two weeks of consolidating action.
(4) The Bollinger Bands are nice and tight, awaiting a move themselves.
(5) Recent news has been positive, with IDMI's lead cancer-fighting drug getting "compassionate use" approval from the FDA.
(6) More good news is expected next quarter as Europe will likely give a binding opinion on the non-binding stamp of approval they gave in January.
(7) The MACD is showing a very strong bullish single, as the divergence has just turned positive after showing progressively decreasing triple bottoms. The strongest bullish single there is for the MACD.
(8) Stochastics are also now registering a bullish sign.
Even if you long on this stock because you see a very good likelihood of approval on the horizon, even if you don't care much for technicals, it really doesn't get much better than this.
WOW! We'll be in the $3s shortly.
Q- @ $2.40 is this quite accumulation or short covering? Buying very late in the day, within the last hour, even the last 15 min. IMO, either way it is a good sign for IDM longs.
Any comments? Thanks, Bow
Ada, good post. A voice of reason. However, I would LOVE to see RGRP.ob run like a mad dog! GLTU
IDMI Golden Cross @$2.32.
CALD at $4.88 just crossed over 50 day MA, $4.77.
Petty fired. I think this is a good this for RGRP.ob. I really thought Petty was a flim-flam man. Now it is up to Tuzman and his crew to right this ship. GLTA
Form 8-K for ROO GROUP INC
27-Mar-2008
Change in Directors or Principal Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ROO Group, Inc. (the "Company") has terminated the employment agreement between Robert Petty and the Company dated November 1, 2004, effective immediately.
Re: lawsuits. Yes. ROO bought Wurld Media in 2007 and the employees have filed a lawsuit, in effect, I believe saying that ROO and Wurld's ex CEO made a sweetheart deal (ROO did not pay full value for the company) and also that ROO's ex CEO, Petty allowed Wurld's ex CEO to take about $400K wrongly. Sorry, I have not kept up with the details on this. Bottom line , I do not think this will have a material effect on ROO. It was just another Petty disaster ( who might have just been fired today, still checking out this).
Re: outstanding shares, as I said, I believe after all of the ROO shares which Tuzman and company were allowed to buy, (about 52M @ $0.12 a share) the outstanding shares should jump to about 102M, from the 50M. I am still researching this though.
IMHO, ROO was naked shorted to almost death, no telling how many FTD's are out there.
Do your DD!
Re: the 50M shares outstanding, may go to about 102M. It looks like there is going to be an additional approximately 52M shares, I really do not know the details, but I think current management is getting these shares at $0.12. I will try to get the details.
Bow
www.rootv.com check it out.
Hi Meixatech, Thanks for your response. Yes, seems like greed got in the way of doing the application to FDA right the first time around. Simply amazing!
Re: low pps, I think the big boys who are the ones that can really move IDM's stock price are taking a wait and see attitude and waiting for solid news. If European approval IMHO, we are bwt $5 to $7+ a share. But then again we could have a 200%, 300%+ couple of days a anytime now.
GLTY, Bow
<< This is NOT to say the drug failed, just that the trial failed because of it's deisgn. >>
OK. Thank you for your response. Could elaborate on this statement. What do you mean that "the trial failed because of its design." And how does all this fit into the resent COG article, if at all?
It is my understanding that the trial did not fail, but was submitted to the FDA with incomplete data because the submission was rushed to the FDA by the previous CEO (perhaps because if the results were submitted to the FDA by a certain date the ex-CEO was going to receive stock options- but I have not confirmed this).
<< I completely understand why there is no serious discussion on this board. >>
Could you please explain your post, in plain English, to a non-stat guy?
Thank you.
We must close over $5.60 and stay there. Today was a good example, just when think we are going to break out, the selling pressure reappears. This company needs to surprise on the up side with earnings in a big way.
TTYS, Bow
Great JT! CALD board rocks. Perhaps we will have a green day today.
Now if we can only get this stock to gain some traction.
Good investing, Cheers, Bow
IDMI Golden cross on the radar, from WallStreetKid on I-Hub IDMI board.
Hi JT. IDMI just got some important news from FDA, allowing for "compassionate access" for "Junovan." This is a good sign that FDA is doing a 180 (after rejection), problem, approval could be in 2009+.
Re: CALD, seems like we are stuck in the mud.
Do your own DD. GLTA
Yes, I think the Fed panicked over the weekend. Look at the price of BSC on Tuesday morning, over $6!!.
GLTU
Yes, the U.S. taxpayer on the hook again: READ THIS BOOK:
if you want to learn what the Federal Reserve really does, and how it was created, and by whom,
read THE CREATURE FROM JEKYLL ISLAND, by G. Edward Griffin, American Media, 800-595-6596, www.realityzone.com.
article in today's WSJ said BSC's building could be worth $8 a share.
IMO, BSC shareholders should fight!
thanks ada. TTYS
When this all shakes out, do you know how many outstanding shares there will be?
IMHO, what one has to understand here is that the Fed is the U.S. taxpayer.
Hi Ada, I guess we will just have to see if management can get it together. Like I said before, it is amazing with all the clients ROO has that the stock price is not in better shape- unless that is what "they" wanted, to get more shares.
I am holding on for dear life on this one (and unfortunately not the only one),
Bo
Great post 1Best!
Check out the book: THE CREATURE FROM JEKYLL ISLAND, by G. Edward Griffin. Exposes the birth of the Federal Reserve Bank in 1913, by bankers for bankers.
Since 1913, the U.S. Dollar has lost 95% of it's purchasing power due to inflation.
One quote from Jekyll: page 26: "The name of the game is BAILOUT. As stated previously, the objective of this game is to shift the inevitable losses from the owners of the larger banks to the taxpayers."
Bo
BSC- JPM: The Fed has agreed to fund up to $30 billion of Bear Stearns' less liquid assets, according to the report. So yet again, the U.S. taxpayer is left on the hook for the outrageous behavior of Wall Street (in creating these toxic instruments in the first place), in which many of the "big boys" made 10's of billions. It is even more galling that the Fed did NOT have the obligation to guarantee the massive loans of Bear in the first place! (as opposed to FDIC).
Backround: JPM is buying BSC for $2.00 a share, for about $245M!, in an all stock deal!! The management of BSC should be jailed.
My heartfelt sincere prayers to the employees of BSC, many of whom held a lot of BSC shares.
I am starting to rail here- forgive me-
but if you want to learn what the Federal Reserve really does, and how it was created, and by whom,
read THE CREATURE FROM JEKYLL ISLAND, by G. Edward Griffin, American Media, 800-595-6596, www.realityzone.com. Then you might understand that the Federal Reserve is at the root of the problem, of an economic system (fiat money-not even fractionally backed by gold- which we must use by "law"), that is broken- see above.
One quote from Jekyll: page 26: "The name of the game is BAILOUT. As stated previously, the objective of this game is to shift the inevitable losses from the owners of the larger banks to the taxpayers." Bo
BSC- JPM: The Fed has agreed to fund up to $30 billion of Bear Stearns' less liquid assets, according to the report. So yet again, the U.S. taxpayer is left on the hook for the outrageous behavior of Wall Street (in creating these toxic instruments in the first place), in which many of the "big boys" made 10's of billions. It is even more galling that the Fed did NOT have the obligation to guarantee the massive loans of Bear in the first place! (as opposed to FDIC).
Backround: JPM is buying BSC for $2.00 a share, for about $235M!, in an all stock deal!! The management of BSC should be jailed.
My heartfelt sincere prayers to the employees of BSC, many of whom held a lot of BSC shares.
I am starting to rail here- forgive me-
but if you want to learn what the Federal Reserve really does, and how it was created, and by whom,
read THE CREATURE FROM JEKYLL ISLAND, by G. Edward Griffin, American Media, 800-595-6596, www.realityzone.com. Then you might understand that the Federal Reserve is at the root of the problem, of an economic system (fiat money-not even fractionally backed by gold- which we must use by "law"), that is broken- see above.
One quote from Jekyll: page 26: "The name of the game is BAILOUT. As stated previously, the objective of this game is to shift the inevitable losses from the owners of the larger banks to the taxpayers." Bo
OT- BSC- JPM: The Fed has agreed to fund up to $30 billion of Bear Stearns' less liquid assets, according to the report. So yet again, the U.S. taxpayer is left on the hook for the outrageous behavior of Wall Street (in creating these toxic instruments in the first place), in which many of the "big boys" made 10's of billions. It is even more galling that the Fed did NOT have the obligation to guarantee the massive loans of Bear in the first place! (as opposed to FDIC).
Backround: JPM is buying BSC for $2.00 a share, for about $245M!, in an all stock deal!! The management of BSC should be jailed.
My heartfelt sincere prayers to the employees of BSC, many of whom held a lot of BSC shares.
I am starting to rail here- forgive me-
but if you want to learn what the Federal Reserve really does, and how it was created, and by whom,
read THE CREATURE FROM JEKYLL ISLAND, by G. Edward Griffin, American Media, 800-595-6596, www.realityzone.com. Then you might understand that the Federal Reserve is at the root of the problem, of an economic system (fiat money-not even fractionally backed by gold- which we must use by "law"), that is broken- see above.
One quote from Jekyll: page 26: "The name of the game is BAILOUT. As stated previously, the objective of this game is to shift the inevitable losses from the owners of the larger banks to the taxpayers." Bo
Hi Ada, looks like we are going down like the Titanic. I can not believe with ROO's client list and all the players they have in use out there that this company is going to fail. Maybe the powers that be want to take ROO private. Do you think News Corp is bailing? Ashford Capital sold out all of it's ROO shares in Q4-2007, 4M+! Yikes.
All the best, Bow.
IDMI is one of those MAKE HUGE BUCKS -or- LOSE IT ALL per se. IDMI is definetly being accumulated and the base (200 dma) *seems* like an arguable bottom. I really hate the way IDMI trades - up huge then a downward ski slope soon thereafter. Regardless, IDMI had potential, huge potential at that and the stock price will follow suit. IDMI will always be an, "it's too late" kind of stock. If you aren't on the right side of the trade, you'll be delivering pizza so to speak. From here, IDMI goes higher. Much higer (measured as a percentage). I've been adding as it trickles down. It is anyone's guess whether the "strategic blah blah blah" is window dressing or a possible merger/acquisition is in the works. IDMI will only be purchased outright if the drug shows VERY PROMISING potential. I think it DOES show convincing evidence and should see European approval later this year. I am holding a whole lot of shares (wellll into 5 figures) and am anxious to see IDMI take off. From my own DD, it will. The price is anyone's guess but $2 is just a story waiting to happen. Remember when type deal...... Good luck all. Upside potential of this magnitude is just too overwhelming to ignore. Shorts, I will OWN YOU. Good luck anyway.
*from iwasrichin2000 on Yahoo IDM mb.*
to which *cybear_mn responded:*
You made an excellent case. I entirely agree with one exception.
< < IDMI will only be purchased outright if the drug shows VERY PROMISING potential. >>
EP-2101 and the other drugs in P-1 and P-2 trials have residual value to a purchaser of at least $20mm, which puts the floor under this thing at about $0.80.
Remember IDMI is a very high risk stock! GLTA
synchronut is a paid basher, n'uf said. Either you believe in IDM or move on.
Look what happened to KERX today after a failed PIII, closed Friday at $5.26, opened today at about $0.72 and closed at $0.64!!
As soon as "they" believe IDM will get approval, we will see the same thing happen to IDM to the upside, and hopefully we will have legs to run.
Any comments on why we have not seen any analyst upgrades after COG article?
rebmk, thanks for that! I wish I knew what was driving IDMI's price now.
The only way I know to find institutional holdings in a stock in on nasdaq.com. However, current quarter (Q1-2008) does not post until about four to five weeks after the close of the quarter (3-31-08), s/b posted in early May, 2008.
Does anyone know a way to find institutional ownership in a stock sooner? (cnbc.com is b.s., IMO).
I ask this b/c I wonder if P.A. is flipping some of it's IDM shrs. P.A. did this in 2007, they sold at least 861K shrs of IDM, but still held 2.29M shrs, after they sold the 861K.
Under $2.00 today ($1.99)- IMO >$1.67 is key: the 50% rule of stock price action.
Just a very general rule of thumb for stock price action is the 50% rule: take the current high and low (which can vary) and divide by 2, to find the midway point of the current run:
Thus: on the current run IDM peaked at $3.88, off a low of $0.57:
$3.88 - 0.57= $3.34 divided by 2= $1.67 (which is the halfway point between the current high and low and this run).
So, IMHO, if we stay over $1.67, we should be OK until we get "hard" news, probably many months away.
"Walbert said he expects the Europeon approval to come in significantly before the FDA approval. The company expects a final opinion from the European agency on its marketing application in the 3rdQ and a final decision in the 4thQ-2008."
That is the time table set-forth by IDMI's management.
But who knows, IMHO, "news" could come any month, European agency has already met for this month. Also, possible buy-out by big pharma (i.e. Pfizer?).
"Everyone" (the doctors) seems to want to approve L-MTP-PE (Junovan). FDA seems to be changing it's stance (last week approval for SPPI), but that is a tuff call. To much possible upside in IDMI from $2.00 a share. If you are already long, hold on, JMHO.
But remember, IMDI is a gamble, pretty much all or nothing on this one (their pipeline has some very good potential products, e.g. IDM-2101- cure for lung cancer!!, still in Phase II, so that is many years away).
Hi JT, thanks for the note. Right now, my confidence is shaken in the markets, too many good , stocks breaking key support levels, SNCR, ARUN, STP, MS, to name a few. Right now hard for me to call a bottom. Perhaps the liquidity meltdown still has legs to run?
Crossing my fingers on IDMI and EU approval for "Junovan" sometime in next six months.
GLTY
Yes. Great post JT, thanks.
Hi JT. Thank you for the note on ACAD. I will check it out.
Here is to having a great week and thanks for all positive possibilities.
Bo
Hi JT. Thanks for the note. Yes, IDMI made a major move, from $0.57 to around $2.50 to $3.50. Still, I can not figure out the price action, Palo Alto holds over 8M shares of 18M float, would have thought IDM goes higher. IDM needs approval from EU and/or FDA, only way we have legs here, but alas, many months away.
I will check out PCYC, thank you. Still in my hole, but made it about halfway back!
TTYS
Cheers, Bo