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CB, in the last year I have been in at least six different stocks that were being sued by these same exact firms. Nothing ever came of it and I made money on all six stocks. It has gotten to the point where I look for companies being harassed by these ambulance chasers. I clicked the link that Vol posted about you. You started an I-hub account less than a month ago. It also appears you are fairly new to investing as I read your posts. If this is your first stock, you are going to learn something for sure. The first thing you should learn is the word DIVERSIFY. GLTY.
Blew through 75. I did not think it would today. What is the next resistance short term on this? I think if it hits 80 today, we could see some big buyers tomorrow that bring this to a buck or a little under. GLTA.
Been looking for the form 13-D's and short interest in this one. Don't think it has been updated yet. Anyone else have luck finding that info? The MM's came down to take out stop losses on that drop to .67, they always will do that if they have a buyer for those shares. GLTA.
I've been in this one about for only a little time, so I am a fairly new long. This is a great board with lots of insight into bevi. I am going to give my two cents on what the Dr. wrote whether anyone here cares or not. As a scientist I know a little about publishing data and such. First of all, this article was published on a blog that anyone could hack into. In order to be published in a major pharma magazine and such you have to have astounding credibility or your article is reviewed by a number of peers with very reputable backgrounds. Your material must be backed by facts that could be proven by any experiment or trial. There is much more than this to being published, but that is enough for now. This guy is either short a whole lot of shares or he is being paid a whole lot of money to use his name to discredit this drug. If his article causes this stock to drop, I will buy more just like those who have paid him are going to do. GLTA.
Excellent post! I agree with you completely. When people sell on fear, I am buying with both hands. When the company states what the real data concludes, I will then sell or hold based on that data. GLTY.
Really liking this sideways trading. If it keeps up, could see an end of day spike as those waiting for the bottom try to get in. Go PPHM.
LoL. I don't believe it in the least. I was going to pick up more shares no matter what and thought I would throw that out there as a reason. GLTY.
Someone on the yahoo board posted that a helicoptor from Merck was at the peregrine office today. Don't know if it is true or not but I just picked up another 10k at the ask just in case it is. Hang in there longs, shorts are going to pay us on this one!
I like your thinking and your analysis. You were spot on! Added more today and if anyone here is short, you may want to think about covering tomorrow. I too think this is in for a little run after the sell off. I also think the bottom may be in as we bounced off it twice today. JMO.
These lawsuits mean absolutely nothing and play no part in the rise or fall of the pps. The stock fell on bad news and these firms jump at the chance to advertise themselves. There are more lawyers in the U.S. now than at any time in history. They do everything possible to make a living.
Picked up another 10K today and hoping for news soon! GLTY.
Told you guys this would happen as soon as I sold a little. Sold my 3k at .574. Luckily for me I bought that batch at .41. I still have 20k left at a little higher average. Should break even tomorrow or better. Loving the uptick afterhours.
I hate to do it, but I have to sell about 3000 shares tomorrow. I moved last month and pretty much depleted my savings account with moving expenses, closing costs, etc. Got to have the cash in my account to pay my CC off on the 16th. TD usually takes around three days to transfer. The upside to this? When I sell shares, the price always spikes up at least a few percent. It has and always will be my luck that that happens. This spike will happen by end of next week. Everyone seems to be getting in for the FDA fast track thing. GLTY.
Boy, I sure hope you are right Charlie. Been waiting a long time to break even. Originally had a few thousand shares with a 70% loss. Through watching close and playing this right my break even is now only 14 cents away at 65. What I would give to see some green on Monday. Not getting my hopes up as this is only stock I have ever seen in my life that tanks on a positive earnings report and any positive news. Maybe this time will be different. Holding out for a gain no matter what happens. GLTA on this board, especially the longs like me. CG.
Thanks for the info guys. Hopefully he and his group will hold this one for a while, but somehow I don't see that happening. They will probably take 5-10% and dump. That is how most of these groups work.
Who or what is $heff?
Been in this one over a year now. Super low float and good things cooking. This could easily get over a buck in one day on the right news. Been accumulating for months now. Good to have you boys on board. Buckle up for the ride!
I was thinking the same thing. We have some good consolidation going on. If you look at the history, not a lot of shares were to be had in the 40's. A lot of the volume came from folks averaging down. The run on news was fueled by newbies and most of the volume was in the mid 50's. The sell off yesterday was low volume. Basically what I am trying to get at is that we will see higher highs and lower lows. A good solid climb is better than a straight up run.
Gary, there is no doubt that this has the ability to run hard from here. Things like drug approval take time and most people are impatient to buy and hold now days. At least that is the way it seems on some of these message boards. Always appreciate your posts and have learned a thing or two from them. I check out the Yahoo board now and again. That place is a zoo and they are pretty rude to you there. Never skiied Tahoe, but have a couple of uncles in Carson City, NV. That is one beautiful Lake. GLTY.
This appears to be fairly good news. Still trying to figure this stock out. We get good news and the stock stays flat or sinks. Never owned a stock like that. Any other stock would jump about 30% on a PR like this and level off to about 15-20% on the day. One of these days, the news will be so good that nothing will hold this back. Still think this can reach a buck within a couple of months.
I have seen the same law firm many times trying to sue other stocks as well. Go ahead and do your DD on them. I doubt they have ever won a case. They collect fees from "jilted" investors and if they win, more money, if not they still get money. If the stock price recovers between now and when the case goes to trial, the case is usually thrown out. In all the cases I have seen the Furuqi boys, the stock is not affected. They are basically trying to make money anyway they can since there are so many lawyers to compete with now. Seems like everybody and their cousin has a law degree now days.
If the preliminary tests look good this thing could go to a buck again easily. These conferences are all about advertisement to bigger drug companies who may offer to run trials if the drug looks promising. Look what partnering with KERX did for the stock price even though they got a huge portion of the rights for perfosine. Sometimes drug companies present and are hoping for a large buyout offer. I am in no way implying that AEZS is hoping for a buyout, but an offer could come up on the table. That alone could make this thing jump to two bucks or even higher. This run is not over by any means. Looking at after hours trading somebody wants in pretty bad. We see 50's early next week and a slow rise to 60 by weeks end. GLTY.
Someone has been accumulating this last month. A couple of negative articles took it down to new lows and still someone was accumulating shares. Given the action today, I think we have seen the bottom until at least June 25th. Speculation alone tomorrow and next week could take this to the 50's or even the low 60's. If the results reported at the conference is good, we could see a buck or more easily. All IMO.
So they are releasing earnings a bit early. Trying to decide whether or not that sounds positive. Maybe their cash on hand has increased, but I can't think of anything else that would make them any money at the moment. Maybe they have a surprise announcement up their sleeve. Regardless, I am holding and plan to well past this shareholders meeting and earnings report.
Q, there is some good consolidation going on. I think some were expecting a pull back first thing this morning and definitely by lunch. Looks like that didn't happen so the bashers have come out to play. No one wastes time bashing a stock unless they have an interest in gain. When I see bashers, I buy and it works out more often then not. GLTY. AEZS
Anything under .80 is a gift. You better stop wasting your time typing and get busy buying. This is not going below .70 again. The drop was due to panic selling. Those sellers are jumping back on board now because they know what they had. GLTY.
And with that nice volume we have some good churning building the base back up. I think we will add a few more pennies before the day is out. Chart is looking really bullish IMO.
Nice volume coming in now. In at .69 and going to add more if it stabalizes around that price. You are right MOMO, this is an easy double and even a triple is possible in the near future. A little churning here from flippers and we move up! GLTA.
This one really looks like it has legs. Going to try and open another account with a different broker. Thanks for the pm lmcat explaining what was going on. TD must have a big list or something because this is not the first I have seen that happen. If this thing takes off before I can fund my other account, best of luck to you all.
I saw you were in this one Salt and was going to pick up a starter of a couple million shares. Placed an order with my TD account and it was immediately canceled with the words "closing transactions only". Going to call TD and see what is going on. I live in arizona and there are copper mines all around me. This one though is about 400 miles away from me.
Wow, that is a good chunk of the float short. It makes me wonder now if both the run ups these past two Fridays were caused by shorts doing a run up to get higher priced shares. If you borrow shares does it show up on volume? I know it shows when you cover and maybe some shorts were covering on these Fridays. At any rate if anything of substance comes out at this conference today, we may see a massive short squeeze that could drive this to the two dollar range easy. JMO
I agree that this has potential to rise again and would like to buy some. I have a TD account and when I place an order it comes up as cancelled immediately with the words "closing transactions only" at the top. I think this means you can only sell with TD, because you sure can't buy. Who allows you to buy this stock and why would TD place that restriction on this? Until all brokerage houses allow full trade, I really don't see this reaching it's full potential.
Ok, you are right. That could very well be feasable considering that the county this claim is located in has produced 3.5 million ounces of lode gold and around 300,000 ounces of placer gold. We have the latter. This is gold only reported by mining companies since records have been kept and probably does not include the average prospectors take. This is the number one producing county for gold in the state. I have a few nuggets from Rich hill just north of the claim. Sat on bid at .0075 all day Friday trying to pick up a few and not one was filled. Going to have to raise it up on Monday a few ticks to get any it looks like. This thing is really tightening up.
Good DD, you are right about the shaker table. I helped build one near Morenci and it worked well in small quantities. Guess they could build a large commercial one. You might not think the A/S is high, but I still do. Mining companies have a huge overhead and profits don't come easy. Just being realistic here and will continue to watch this one.
The retrieving part can actually get quite expensive. Black sand is a huge pain in the rear to get fine gold out of it. The gold becomes trapped in it and a magnet will pick up both. Smelting is an option, but with price of energy and all the environmental laws, it could be a long while before that is approved. Chemical deals with mercury, arsenic, Nitric, and sulfuric acids. When contained, they are safe, but if ever there were a spill...
Sluicing would take a huge amount of water, but then you miss the real fine gold which could be up to 70% of your profit. As you can see there is no easy way for this to be pulled out of the ground. If it were easy the former owners would have pulled it out in the 1800's.
After some research I found they have a little over 300 acres in the Prescott area which is north of Phoenix. The county that it is in is the largest gold producer in the state. The Bradshaw mountains are loaded with fine gold in black sand. Freeport runs a copper mine a little north and east of there in Bagdad and they find a small percent of gold with the copper and the molybdenum. The rumor is that they run their entire operation on the profit from gold and sell the copper for pure profit. Do I believe the gold could be in GDSM's claims? Yes, it could be but proving it and retrieving it are two different things. So where are the other 300 acres or so the PR stated? Back to more research.
You have a point. From the PR it stated this mine is somewhere in AZ. I live an hour east of Tucson and prospect when I get the chance. My dad worked 30 years for Freeport Mcmorran (formerly Phelps Dodge). If someone can tell me exactly where this property is I may go check it out if it is within an hour or two of where I live. There is gold here in this area, just not in quantities they are predicting at least not that I know of. I am not trying to sound like a basher, I just want to do some good DD before I jump in.
New here to this one and just checking around. May get my feet wet here soon if this price looks stable. Checked out the O/S and the A/S. Both seem pretty high, but not for a pink I guess. if your prediction of .20/.25 pps came true it would put the value of this company at about 150 million. Does anyone here think that is a little high for a small mining company? They have to have bigger prospects than what is on the table right now to even reach half that. I am doing more DD, and if I find anything new, I will let the board know. GLTA.
I had not thought of that. If that is the case, the question now is who was buying? Interesting turn of events for sure. We'll see what tomorrow brings.
Nice article. It said at the end it was sent to a little over 100k people. If only some of those picked up a few thousand shares each, it could explain the run up end of day. couldn't find a time stamp on it anywhere. It makes me wonder if shorts were in a small squeeze or something as to why this jumped. I would say I am excited for tomorrow except that last time it did this, it went right back down after touching 1.52. We will see what tomorrow brings. I will say that I have never seen so many bashers attack a stock as they have this one. When I see bashers I go into buy mode. No one wastes time on a stock to protect others from investing and I mean no one. They are trying to pick up cheap shares IMO.
I have been around to check out other message boards and to see if anything is happening. That Yahoo board really has some haters of this stock and Ray. Never seen anything like it. They also mentioned the short interest increase. Do you think a short squeeze could be possible at this point? I know there are groups of investors out there that specifically look for oppurtunities to try and squeeze a stock. Maybe someone has this on radar. With no news on the horizon, it is all I can hope for now.