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What you don't seem to understand is those trends make a lot of people a lot of money while waiting for news that simply becomes a multiplying factor. News trumps everything "at the moment" in any investment. Serious investors aren't just waiting for the moment but play those trends. Most investments are manipulated daily in a more significant pattern than even the news matters. That same news is changed again a few days later to manipulate again.
Remember the basic idea behind investing is it doesn't matter if things are going up or down as long as they are moving. In todays culture that refers more often to trends within a day instead of between days. That is where buy and sell signals from charts come in handy. They are points of support and resistance. They maximize profits for those that are good. Daily you can see the moves that reach support and resistance only to bounce off of them.
Your resistance to charts is as naive as my resistance to shorting on moral grounds. They are both poor investing strategies.
Invest as you will, everyone should do as they are comfortable. Just stop being such a tool about others strategies. I'm a small fish but have family members that are in the industry. Money problems left all of them a long time ago. That's why I'm willing and eager to learn.
Most people try to use every tool they can in every occupation if they want to be as good as possible. I am not good with charts but I know there are things you can learn from them. I would like to add them to my investing strategy just like I'm learning about ETN's and ETF's. Why do you think Clay Trader is one of the most followed members of IHUB?
It's definitely better to use as many tools as possible rather than trying so hard to be one! Some of us appreciate the opportunity to learn from others whether they might be right or wrong.
Markets More: Oil Cushing Oil Storage
Sorry, but there was never an oil storage crisis
Shane Ferro
Mar. 24, 2015, 12:29 PM
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barrels of oilenergyspectrumindo.com
Crude oil storage inventories in the US are at their highest levels in decades. Is that going to cause the price of West Texas Intermediate crude to crash?
Probably not, according to Robert Rapier of Energy Trends Insider.
In fact, we're not even close.
Rapier writes that "oil producers could continue to add a million barrels a week (which is about the average over the past year) for nearly four years before crude oil storage is actually full."
The best-known storage facility, in Cushing, Oklahoma, would run out of space much sooner than that at the current rate (about four months from now). But that still isn't going to happen, according to Rapier:
We are currently in the season when refinery utilization is lowest. Refiners take equipment offline in fall and spring to do maintenance, so they use less crude oil at this time of year. This maintenance usually peaks in March, and then crude oil demand picks back up as refiners gear up for the summer driving season. The difference in refinery demand between this time of year and summer is generally around a million barrels per day, so even if nothing else changes that storage build should start to flatten.
In other words, we may have already hit peak crude storage here in the US, and if not, we're getting very close.
Over at Reuters, John Kemp writes that the market doesn't actually seem very worried about storage capacity.
If the market was concerned about space at Cushing and onshore more generally, the contango would have widened even further as stocks rose to make it profitable to use more expensive offshore storage.
However the term structure of futures prices has remained essentially unchanged for the past two months — implying traders are not particularly concerned about storage issues and do not foresee the need for more expensive options like floating storage
Read more: http://www.businessinsider.com/crude-oil-storage-crisis-peak-2015-3#ixzz3VLADwzec
Storage myth!!!!!
(energyspectrumindo.com)Crude oil storage inventories in the US are at their highest levels in decades. Is that going to cause the price of West Texas Intermediate crude to crash?
Probably not, according to Robert Rapier of Energy Trends Insider.
In fact, we're not even close.
Rapier writes that "oil producers could continue to add a million barrels a week (which is about the average over the past year) for nearly four years before crude oil storage is actually full."
The best-known storage facility, in Cushing, Oklahoma, would run out of space much sooner than that at the current rate (about four months from now). But that still isn't going to happen, according to Rapier:
Sorry I just typed it incorrectly.
Phat- I'm never against good honest discussion. It's how we all learn and form opinions. As you can see the first thing I admit is I don't have a clue where things will go from day to day. I do have issues with those that think they do.
Look at the poster who constantly posts wake up-- then admitted when dwti was around $100 that his cost average before averaging down was $142. If he really knew what he was doing he would have been waiting to buy under $100. None of us are that good. Pretty foolish to be screaming listen to me I'm only down 35%. We're all making the best guesses we can. I'm in here between 220 and 250 mainly. My first time dealing with etf's so I'm learning while I invest in this type of market instrument.
Good luck to you as well. I hope everyone makes money except for the basic A holes!
Actually that thought is changing over time. In the strictest sense you are right. Oil is basically algae that has been crushed by mother nature to release what we see as oil.
They can now simply grow the algae and use various methods to break down the cell walls replacing what takes years and years for nature to accomplish. The oil is so pure you can actually drink it. It's mainly used for Pharmaceutical products right now but the whole process takes only a few days from beginning to end. There are a number of companies that you can check on for an interesting read.
Phat- you are only reading things the way it suits your purposes. First off the Saudis have NEVER said they will not back off! What they have always said is they will not back off as long as no one else will cut--BIG DIFFERENCE! If any countries outside of OPEC agree to cuts the Saudis would also.
If everyone would adopt a 20% cut that would cause a 30% rise they would all make an additional 10% without depleting resources as fast.
Anything could happen at this point. I like everyone else have no idea what will happen.
If the problems in Yemen spread oil could shoot up quickly just on fear alone.
We're just pawns in the over all game!
Correct me if I am wrong but I believe there are multiple reasons for t-trades.
Pink sheet stocks also have t-trades but there is no after market trading in those stocks.
A form t can simply be used by a market maker to report a trade that could have been made during the trading day. The market maker may not have reported that trade at the actual time for a number of reasons. Market makers have a lot of leeway concerning trades. The only thing they are required to do is report all trades within a certain period of time after normal trading ends. That is where some t-trades are filed. They can basically be used to balance the market makers books at the end of the day.
The other use as you pointed out is for after market trades--some may actually occur overseas.
There's a very good chance that could have been some covering. If I'm not mistaken there has been a fairly significant short position for a while.
With a convention coming up Wednesday who knows what could be announced. It would be nice if the company could pull some kind of partnership agreement out of one of these conferences.
Either way it's a good sign. Whether someone felt the need or appropriate time to cover was now, or a big time player decided to move in means the same thing.
They have so many good things going on while on the other hand the cancellation of part of the agreement with Roche has hurt this stock short term. It would be nice to get those gains back.
JIm
That is actually one of the things that shows this company is legitimate. No one spends their time here all day trying to get people to buy, pumping the stock.
The value of the company will be realized over time. It can however be very frustrating to wait.
There is another forum where many of those that have held INO for a long time hang out and share information.
From time to time one of them will post here to share information they may have obtained through other contacts.
Maybe one of the other longs will offer that information.
Good luck with your investment in INO!!
Jim
Had to visit to see who was still around. Sucks what happened to everyone here! An expensive way to learn about the penny markets that's for sure. I was lucky enough to pull most of my "investment" before the bottom but some that I brought on board held everything. Despite the fact I'm not well off myself, I'm actually paying them back for what they lost here. Too much conscience I guess. It hurts but I feel a whole lot better.
Another stock I followed at the same time as CWRN has actually done some of the things CWRN promised they would do.
Some of you I met here seem like good people---some I'm not so sure about. Hell it's the internet. At least we all suffered together. LOL
Wish you all the best here even surebob for helping my learning curve.
Hope you all have good lives!
grajekk--I'm not in Madison anymore so I'm sorry to hear about your accident. Heal well! No Hard feelings for getting me in this pig. LOL
future1
Jim
Just keep in mind that there are over 4 million shares being shorted. If long term good news comes out there will be a battle for shares that will drive the price quickly short term.
Then of course the shorting will again take over when the run ends.
Jim
Everywhereman- first it's good to have you posting!
I was one that was critical of the move. I didn't see the need to move to the new exchange as a good enough reason for the split. Maybe that was because I myself am not a large player so being able to buy more shares at lower prices interested me.
I have sent a couple emails to the company expressing my opinion. Each email is a combination of two thoughts. One refers to the stock price (which everyone can see is being played like a fiddle) The other always refers to the great job Kim is doing with the company and it's products. I have become an even stronger supporter and say so.
IMO only, I believe the stock may have traded in the $4-$5 range during some of the recent news and events. I don't under estimate the power of the smaller players or the fact that larger players can find small companies through the connections they have. I'm just not sure if the timing was right. We still haven't come close to the point where the actual value of this company in it's present state is being realized. The Roche payments alone should have us higher.
The new exchange has in deed brought us a new group of "players". Liquidity (which was one of the stated goals) is very high. Many of the player we have are not the investors Kim referred to. Those will come!! These current players are the day traders. That is why you see so many quick moves during the course of each day. Those types of traders are making a lot of money right now but they don't really drive the price anywhere. As you can see we are in a trading range that I was hoping we might break out of when we hit an inter day high of 13.04. Fact is that was just an opportunity to short and we actually closed down that day.
When events get closer together, and payments start to arrive we will begin the steady climb we should be seeing. The New market has no patience. That is why with all the huge dollars being traded almost every day we basically go nowhere. It's the market not the company.
We will get there!!
JMO
Jim
From what I understand there was a significant short position on this stock that couldn't afford to let the price continue to run. I haven't checked the numbers myself so I am relying on hear say. It would make sense since the recent price run was pretty strong.
That's a problem with the market these days. The shorters control the market any day there isn't news to drive it forward. JMO
Dynarod- while the report was good the numbers you use are not correct.8 of 13 patients showed complete remission. 4 showed partial remission. There is no information on the 13th patient.
When you spam another board at least do it with correct information!
Thanks for the help nano. The great thing about the article is it lists and separates INO from the other companies that it lists as possible pump and dumps.
The way INO does it's filings and stays current with everything proves that it is a company to watch.
They also separate it as a company that is more than a one trick pony.
New article
Market watch has a new article out titled
EBOLA stocks 2 to sell and 5 to consider buying.
Mentions INO as one of the 5 that are good standing companies to buy
Sorry not sure of how to provide the link.
Can anyone help?
Feud explained and ended!!
The so called feud started because I owned stock in this company and brought others to it. I became tired of an individual mainly bashing the company while being allowed to promote them self many times. I thought the self promotion should be considered off topic. It was. Because the board was basically dead the mod thought any discussion was better than none at all. I'm sorry but I disagree with that.
This board is about OOIL While I have long since sold my stake in the company, I still keep in touch because the field interests me and because some that I brought here still own shares. I also keep in touch because I want to see how discussions I've had with professors at the University of Wisconsin play out. Those discussions started while I was exploring starting two businesses.
The first one involved creating biodiesel by harvesting carp from lakes across the Midwest. They are an invasive species present in large numbers in virtually all Midwest lakes and ponds. As I researched I found Tilapia farmers in Honduras made biodiesel from just the scraps left over from a 1-3lb fish. Carp from the larger lakes can reach in excess of 60lbs. Seemed like an easy no brainer. DNR wanted the invasive species removed--you could never deplete the stock--it grew wild in lakes everywhere without the need to manage and there were markets for both the meat (mostly Asian) and the scraps. (Biodiesel, fertilizer, soaps, perfumes, feedstock to name a few) While I was setting up the testing phase to determine the oil quality that would be achieved, those same professors opened up about where the algae industry might be headed.
I started researching the algae industry and found Riggs and Origin Oil. Over time I have discussed numerous ideas with Riggs including "saving" a large Iron Mine project that is stalled in Northern Wisconsin due to fears of contaminated run off entering waters on nearby Indian reservations. The proposed mine is worth Billions and would provide many jobs in an area that needs them. Again this relationship seemed like a no brainer---solve the run off problem (clean it up)and the mine could continue. I proposed that Riggs should contact the owners of the mine and work with them to solve their run off problem.
The second idea involved a start up I called economic ecosystems. This involved many of the previously mentioned ideas being combined to form a company that could be made more profitable by raising multiple crops, one from the fish farming industry (which I had already researched) and one from an agriculture industry which a family member is already very large in. The ideas work really well together. Raise fish in ponds that are needed to support the agriculture side. Create a multi use product from the fish farming aspect whose water now contains nutrients needed for agriculture purposes and whose waste product can be made in to an energy supply to run pumps and equipment used to work the agriculture business. This could lower all costs for both businesses and make each more profitable.
During the research phase for both of these enterprises I learned the inside of multiple industries, dealt with government bodies (DNR) dealt with politicians, dealt with university professors, dealt with venture capitalists, dealt with members of the Tribal Community and on and on. That is why I know a lot about so many areas and options for someone like Temp and some of the areas he speaks of. That is also why I know about the vast details you need to know about for what seems like no brainer ideas. I give a great deal of credit to anyone that starts up and successfully runs any business. I watched from the inside as the company my wife works for went from a basement start up to a 300 million dollar private company. They make the telecommunication devices used by the deaf community. TTDYs that most business have and all government agencies have.
Well that's enough for the history, now for the end!! I leave this board with a wish of good fortune to all of you. I have shared ideas that some of you could incorporate in other areas of the country. They suggest sharing ideas to make multiple partners more profitable. They suggest cooperation as some have said I need to do. I had to laugh at that as you can now understand. It's the very premise I live by.
Some have contacted me in private and I would continue to share ideas with you.
To others I would suggest you check out a company called Inovio Pharmacueticals ticker symbol INO. Be a little cautious but they could solve many problems in the world with their technology if they continue along the path they now seem headed. I recommended the stock to some a couple of years back. While they recently had a reverse split to move up to the NASDQ exchange accounting for some of the rise which skews the results it still went from .40 to over $11 a share today. A pretty good return that could still multiply from here with some good clinical trial results.
Now you know a little about me! (Maybe some of you will think of me a little differently LOL) Good luck to you all!! I'm Gone
Jim
Boobie- In the beginning I would have agreed with you. I haven't posted a lot here but have been around for quite a while. I have had conversations with Riggs and his staff as to places where there equipment could be useful. Much like the fracking business mining is also a place where contamination from run off can halt a project. Those projects amount to billions of dollars so spending money on equipment that can help get projects going amounts to nothing at all.
I'm not going to jump all over the company if they don't take my suggestions. That's their choice.
I've worked in research labs that were the best of there kind in the world when they were developed. Some of the same research we speak about may have originated in these labs many years ago. Researchers and professors from all over the world have spent time at the Sychroton Radiation Center. It's always been a pleasure to work with most of these people.
Most of them are eager to share experiences, eager to learn from others and to teach others.
Any that are out to "prove" they are better or smarter or look to discount your thoughts or experience simply show they are not worth anyone's time or energy.
I do know where there is money in a number of fields. I also know where there are venture capitalists with money. One of the responsibilities of these relationships is to screen the people you give contacts to. Humble people that are looking to help others get a lot of help! Egotists are basically screened out since they really don't care about the collective good. That's why they don't get anywhere unless they can do it themselves. (which many do just on sheer energy and good ideas)
I specialize in helping kids develop physically. My reward is better than any monetary amount. You can't spend it but it never goes away. By helping kids you meet people from all walks of life that are very grateful. You don't pick and choose whose kids you want to help, you help any you can.
When they become adults you let THEIR actions decide who you help and who you don't.
When you experience an industry from the inside, the last person you want to help is one that thinks they are better than anyone! I can learn just as much from a homeless person as I can from a genius. I'm equally willing to help either one!!!!!!
I've offered contacts to Riggs both by project as well as political clout. It's up to him if he wants to pursue them.
Sorry But it's time to call BULS***.
quote- what plan does a fish farmer need?
Build farm.
grow fish.
sell fish
VC only needs to know what he can the farm for if the method --------
I attended aquaculture conventions in Wisconsin exploring the possibility of starting a farm. I also have a good friend that did enter the industry a few years ago.
This is one of the most ignorant statements I have ever read. Any person that could put out such a statement has ZERO for credibility! ANY patents that would create certain profitability would be gobbled up by the industry. I know people in the industry that give millions to make it run.
That industry is actually what brought me to the algae industry. Talapia growers use scraps to make bio diesel. If you can make biodiesel out of the scraps from 1-2lb fish how much could you make out of a 30lb carp. It's an oily invasive species that grows in abundance in many many lakes. Every state would like to get rid of them. Even with this situation do you have any idea how many variables still exist?
That industry runs from fertilizer to food to perfume.
I started exchanging ideas with professors at UW Wisconsin to test oil qualities. We were discussing the cost to make a trial sample when they had to leave for a convention that featured the future of algae.
My focus changed after further conversations.
But I guess you only deal with smart people. Again BULLS***
A little more complex than portrayed to say the least.
On a good note it's really easy to see why some "Ideas" haven't sold.
ANALYST coverage may be the reason behind the change. Some of the people I have recommended the stock to have done their own DD through people they know. One of the comments I had heard was that it would be nice if more analysts covered the stock. The more analysts the more exposure the quicker things happen when big events take place.
I can always understand an opinion different than my own. I also believe that in the world of crooked stock markets that it is important to hear any negative sides to a company. All views keep us thinking from different angles--that is a good thing.
I have to disagree however as to whether promoting a personal product or technology on any board is allowable on Ihub. I would also believe it would be unacceptable to advertise another company on any board.
I'm all in favor of allowing any of the posts that don't include self promotion. As have said I think he is a very intelligent person and has things to add.
I would look at it in the same regard as a person writing a great post and then throwing in a personal attack. The whole post gets removed until they conform.
If you are mod please remove this post after you read it or ask one to. I would have liked to have this discussion off board but I don't have PM.
Just a little side note*** the boards that have the most traffic are almost all scams. Traffic isn't always a good thing. But I do understand your point!
Actually your quite wrong. I'm in the process of doing that right now.
Product is in a completely unrelated field.(sports product) Exploring many different types of venture capital including crowd funding.
Also studied a company that started in the basement of a house and is now worth at least 300 million. Ultra Tech makes telecommunication devices for the deaf.
I just have a problem with all the posts touting your patents.
If it's so easy to sell shares, why not do a start up? Ultra Tech stayed private due to the costs of their public offering. Wife works for the company so after the quiet period ended I learned a lot about all the processes.
At this time the other poster is right as far as this being a share selling company. It is simply a company to keep an eye on for now. At some time they may be able move forward and reward shareholders but that remains to be seen.
It's unfortunate that the board has been used as a forum for an individual to try and promote and possibly finance their own technology.
While the technology being proposed may have merit and the presenter seems to be a very intelligent person it's wrong to promote it here. Any doubt just check the posting history and see how many times "their" patents and technology are mentioned.
If the technology was that good someone would have offered money to advance it. There is always someone that wants to make money!
For now the rejection by Riggs simply fuels the anger that drives the bashing of Riggs and the company. Don't get me wrong, Riggs may very well deserve it, but this is a forum for OOIL not other promoters.
Split decision. I really hate the way the stock price has been dealt with (I think we could be doing a lot better already) BUT
I have to give Dr Kim a great deal of credit for supporting the stock price with his own buys. Can't fault a CEO for that!
Opty- I'm not positive but it is my understanding that information could be shared to form a partnership. No one involved in either company could trade stock based on that information but a business deal could be formed. It's sort of like having to know all about what you might be buying, being able to set a fair and accurate price. Confidential agreements usually have to be signed by upper level management and may include anyone that has any knowledge of any non public information.
It's really easy to understand in today's markets. The problem with the markets is they are designed to be manipulated.
Think about it--- everyone knows dilution is a negative influence on any stock. The ability to short is basically dilution available to those that have the money anytime they want to put it in effect. Sure they pay interest on borrowed shares but their gain more than covers the cost.
A company announcing dilution is basically telling those that short there will be more shares to "borrow". Their upper hand gets even stronger. Every share borrowed basically means two shares sold for every share bought for as long as they care to create that trend.
If a company dares to try and fight the PR battle they risk running a foul of the SEC for manipulating information to influence share price.
Sort of ironic don't you think?
The second player is the Market Maker. Remember they only want to make trades. If a stock is pushed lower, at some point people will jump in to buy---almost always! They now get to make a new run in the other direction. Over bought over sold signals simply mean more trades. They have the ability to make any trade look like a buy or a sell depending on how they show it. That's why daily short numbers mean pretty much nothing. Only numbers on the 1st and 15th are supposedly any good. Nice system if you can create one.
There's pretty much no consequences for those that write hit pieces whenever they want.
Put it all together and the only thing that matters is which way the big boys want it to go at any given time. On top of that they will get at least a respectable discount or warrant whenever they buy any special offerings.
Longs simply get to sit watch and hope we picked one that can overcome all that.
This is where we all get to experience the "new" markets. As we see time and time again, market pull backs due to profit taking and shorting are just as efficient as market runs triggered by actual good news.
For the most part this simply results in share prices that pretty much end up going no where for any significant period of time. If you get a run started, as soon as that run ends the share price pulls back to where it began.
There is no way this stock should be trading around $3 pre split, but it will not only do that but will most likely trend lower.
Why you ask. Anyone watching the trades the last week could see periods where the bus and sells had a significant difference in price.(the spread) When the spread is that wide the M&Ms are making big bucks on most trades. They had larger than normal volume and took full advantage of it.
If we drop low enough the same action will repeat itself. They will make a ton of money even though the net result is the share price will have gone nowhere.
Those that bought and sold will have made some money, those that shorted and covered will have made some money, those that buy and hold will have made practically nothing. THE M&Ms WILL HAVE MADE A TON!
ANY WONDER WHY THEY WOULD WANT TO DO IT AGAIN. THE MARKET IS NO LONGER FOR THE BUY AND HOLD PUBLIC FOR THAT REASON.
IN THE LONG TERM THOSE OF US THAT HAVE BOUGHT AND HELD WILL MAKE MONEY BECAUSE THE COMPANY IS DOING GOOD THINGS! Unfortunately the other groups and of course UNCLE SAM will profit more heavily.
I don't think they want it there. They may have already negotiated a deal with the company they want to do an offering with. If I remember right the last time they set up for an offering they did it almost immediately. If they let the stock run prior to announcing an offering, the discount price negotiated might look like too good of a deal to the average investor. If they haven't set any pricing yet it may be a lot harder to a bankroll for the whole amount since some of the easy money would already be priced in. Big investors don't like that scenario.
I'm willing to bet the company already has plenty they could announce if they wanted to. The data release was a big milestone for them.
I'm betting they have news concerning the Roche payments
New partnerships being formed for phase lll trials
new announcements for other pipeline drugs
possible new areas they intend to venture in to with theses results in hand
If they wanted to let all these types of things go at once imagine where we would be!
Stock split opinion.
I believe the stock split was simply a tool the company needed to use to create a funding opportunity. It is the most powerful tool any company has at their disposal. It is not done with investors in mind, investors come later.
The company needed access to large amounts of money to move forward with all their goals--short term interest has no bearing what so ever.
Investors could only have achieved short term gains without the funding needed to advance the companies product development. That IMO is why company policy seems to go against the wishes of the current investing public. Long term viability will and should always trump short term investing strategies.
That being said there are ways the two strategies can feed off each other and be very profitable together.
How does the company work things going forward? Do they use the other tools they have to raise the price to a point where far fewer shares need to be sold to raise a desired amount of cash or do they sell a lot of shares at a lower price to "reward" their new funding source?
While I see it as a necessary evil, I'm guessing it will be the latter. Why? Because that source can be tapped over and over again as long as it is treated well when used. Make no mistake, the new funding source will have no care how they affect the average shareholder. They make their money on the discount to market price they normally get for the large cash infusion. Everyone involved in the process makes their money immediately sometimes with attached warrants that also let them achieve a second windfall whenever they want. It may seem unfair to the general investing public, but it is the way things are done now. It would be nice if those getting involved had a conscience regarding other shareholders, but that isn't the case. They usually always have another deal that needs their cash. By selling the shares they get, they have turned their money without risk and are ready to do it again. It's a great gig if you can get it.
The company could easily offer information that would raise the price upwards of $20 if they wanted to IMO. That would unfortunately take some of the fluff the new investors will be rewarded with. The more you reward them now, the easier it will be to hit them up again in the future. By then they will only be investing the money you made for them anyway.
Looking at a company like Rodman and Renshaw will give you an understanding of what I am referring to. Even the timing of press releases is part of the art of raising money.
The best catalyst for INO to end the conference with would be an announcement stating the trial data was one of the milestones INO needed to reach to receive a huge payment. Think about it- a payment of 50-100 million would only be a fraction of the total 400 million partnership but it would send a huge message to the investing public.
Keep in mind we still haven't even hit the pre split high. (or have just barely hit it)
Also I'd also like to say thanks for all who have made some good posts here and to Everywhereman for updates at the conference.
Questions for the board;
Can other pharmas allow INO to succeed the way they apparently have.
Can other pharmas allow the price to get to where it should be if any buyouts are in our future? I see partnerships VS buyout. It's what Kim loves to do.
How long before the next partnership?
Thanks anyway everywhereman. I appreciate your posts.
Yeah right. We also don't want to hear anything about trial data, partnerships. Throw us a bone everywhere.
I also believe as we get further along in the month, any short interest will disappear. The risk to the upside could be enormous if news comes out the way we all hope. A large gap up would be pretty expensive to cover.
On the other hand, if news disappoints the shorter will have a field day.
I agree with you on both points. The benefit of the split hasn't even begun to show itself. The drop in price has been influenced by opportunity as well as relatively light volume. Every day there is a jump pre market as people are wondering if that will be "the day". When news does not hit the downward trend begins each day.
I believe some of the buying today was due to people not wanting to be exposed to risk over the weekend. I would sort of like Dr. Kim to announce news at mid day. That way anyone trying to push the price down that day would be "caught". Their buying pressure along with all that will take place form everyone that has been waiting would cause a significant move IMO.
I also think it's more than a coincidence that one of the most recently fast tracked drugs was being worked on through a very similar partnership as Innovios.(I can't remember which university it is with)
With the other companies that have been reporting improved data I would be shocked if Innovio doesn't report outstanding results. We started as the company showing best in class results. This isn't the time to be slipping from that position since the rewards are getting closer.
Finally picked up my new computer. As much as anything I would have liked to attend to meet some of the people that have followed and posted about INO over the years. It would also have been nice to actually meet Dr Kim if he makes himself available at those events.
Thanks to all attending and please post your impressions.
Two huge catalysts- I know everyone is focused on the trial data and rightfully they should be. Don't overlook the significance of the Roche deal.
We beat the street estimate for revenue last quarter due to a payment from Roche. That was between 1-2 million dollars. The street looked at that favorably. The deal is 400 million dollars! If Roche were to release a milestone payment whether for services already performed or for support with a continued trial it would by itself make this stock rise significantly.
How incredible would it be to get a press release about the Roche deal followed by a press release showing good trial data. I don't believe any of us have any idea where this stock could head.
To all of the regular board members--Yes there are new posters these days, I post more often now. It would be great if all of you would continue to share your thoughts with the rest of us. I know you have another site set up to share thoughts on INO but information shared here is also appreciated.
Some of us that post more now have been around a long time waiting for things to happen. Well they are happening now. Lets enjoy it together. I myself have followed INO for at least three years so we are not new just more active.
Positive sentiment?
As we knew would be the case hedge funds and bigger players can easily move this stock regardless of the price--Is that a good thing?
Over all I believe it is a very good thing. Unfortunately there will be times when it will not look that way. I believe the action on the daily charts shows a little bit of both.
Personally I believe the market is showing strength towards the up side as those that wish to accumulate do so and those that just want to day trade ride the momentum.
Lately each day the stock moves strongly early and then gets beat back late in the day. I think that is just the way the big boys multiply their profits. I believe the powers that be are betting the stock will continue to rise but they are not going all in before trial results are completed and announced.
If the stock was allowed to close at the highs it is reaching each day it would be much more expensive when results are announced. Therefore the late day sell offs help those that are staying on the sidelines until results are out. We have all read the hit pieces that advise people to wait. When the waiting is over, which group do you think will most easily obtain shares?
The sell off each day also allows those same groups to profit a second or third time from levels previously reached.
For those here that are familiar with the markets can they tell me if the late shares traded were T trades filed to register trades made during the day? I know there is a way to tell but I am not sure how to verify that. If so much of the late day volume would have actually occurred during the day but would not have been reported until the end of the day. That is a strategy used when people are accumulating (or selling) major blocks with out wanting to move the price too much. It can be done through an MM in a controlled manner. Most investors only see the large trades at the end when they could have in fact happened during the run up. (or caused the run up)
Market Pros anyone. Please comment.