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I'm trying to wrap my head around what happened today, and I may have just had an epiphany. It occurred to me, maybe the better question isn't the selling motive, but the buying.
Think about it for a moment. If you had millions of shares to unload and did it through these MMs and ran promotions, why would you set them to kill mode? That doesn't make sense. With today's volume the MM bots could've easily stair stepped up the bid all day and ran up the price. And if you're selling, why would you dump 100 million shares at .004 if you could dump them at .01? That doesn't make sense.
So, my thinking is this. Maybe they weren't set up to sell off shares. Maybe they were set up to drive the price down so someone could buy shares. That at least makes some logical sense to me. Because selling for as little as possible doesn't.
IF that is the case, then while today may have really sucked maybe, just maybe, it points to good things long term.
I'll take off my tinfoil hat now. If anyone has any alternate theories that can make some sense out of today, I'd love to hear them.
For the record, I still think the company's long-term plans are great. But I REALLY hope the shenanigans with its stock ends soon.
Apparently getting up to .005 caused a panic sell-off?! VFIN is on the BID now at 41. What in the name of Zeus is going on?
I think this has to be MM trading between themselves or something. None of this makes any sense to me...
Not sure what you're implying. I've been here for months. I'm long BMSN. That guy asked what L2 looked like and I told him.
It's been amateur hour all day here. We hit 50 and then people sell off into the bid. WHY?! I hope they get a free "Born to lose" T-shirt with those sales.
BKRT at 49
ASCM at 54
VFIN at 54
VNDM at 80
Whoa, looks like the Jeffersons just got here. Cause we're movin' on up!
What a bizarre day. That promotion was a real Sham Wow. Hopefully we'll finish off well and can resume the climb back up next week.
TGIF BMSN
That's good to hear! Thanks for looking into it.
Why put 48 on the ask when 49s were selling? That's a clown move!
It seems like the 100 MA line is holding as resistance. So, we got that goin' for us.
LOL! I just noticed that. I wonder how much they're holding. Anybody got Level 3? ;)
Selling seems to have stopped and bids are stacked up. Hopefully this is the start of a bounce for today.
Well said. I completely agree. The milestones they've accomplished in the past year and the game plan they put out yesterday seem solid. I think by the end of the year, we'll be able to look back at these times and laugh :)
Long and strong. BMSN
Keep in mind, we have the cancer gene silencing patent acquisition coming soon. Fundamentally, this stock is still very strong IMO.
Slap VNDM hard enough and he'll go away. BMSN
Bids stacked up. Looks like we might be headed back up! BMSN
Did you SEE how excited that couple was? They must've loaded up big time down in the 3s!
BMSN! You can trade it and you dance to it!
Yeah, unless politics screws this up, I intend to be in this for quite awhile. I may try to play the swings from time to time, but in general I'm long on FMCC.
Good luck to you too!
It's the kind of joke where you laugh all the way to the bank!
Completely agree! I'm not sure how anyone can look at the string of events over the past year and the game plan laid out today and not see the incredible value being built here.
Please people, dump your shares! Make them rain all over me tomorrow!
Long and strong. BMSN
I'm still in it. I didn't want to post it yesterday because I wasn't completely confident, but today's open played out almost exactly how I thought it would. Unfortunately, I over-slept and wasn't able to flip the opening drop.
I'm not sure how tomorrow will open, but I think we'll close upwards. It's possible that we'll test the 50 MA at ~0.76 during the day again. But either way, my guess is we close up in the .85~.90 range.
GLTA! FMCC
Another green day and news? Things are looking up!
After reading the news, overall I'm quite excited! I think it lays out a really good long-term plan. I kind of figured they were working out some items to complete FDA approval. And I'm glad they're being transparent about it and are expecting to wrap that up soon. But the parts that get me really excited are:
1. They confirmed that they are going to apply for Orphan Drug Status. I know many of us anticipated this, but it's great to hear confirmation.
2. They have a Principle Investigator in place for the clinical trials. So once the approval happens, it sounds like we're off to the races on that.
3. They confirmed that if the Aplastic Anemia trials are successful they plan to expand HemaXellerate to larger blood production disorders.
4. They plan to acquire the cancer patent, file an IND for that, and initiate clinical trials for it by the end of the year.
Seems like it's going to be an exciting year for BMSN!
Yup! It's really nice seeing the V twins sitting up there at .0125 and .05 :)
Go BMSN!
The ask is looking pretty thin up to .006. Looking good!
Go BMSN!
Looks like some consolidation and profits got taken today. But VOIS still has tons of room to run. Hopefully tomorrow or Friday we start heading back up. In the mean time, this is a great spot to load up some more!
Go VOIS!
BMSN is back baby!
A big high five to everyone who's been holding tight and adding more to average down! Due diligence and technical analysis FTW!
I knew if we held in there today we could reverse course. I am amazed we went up this far this fast though! We broke through the 100 MA like it was paper. Very nice!
But, we're not out of the woods yet. A move this fast may tempt people into flipping tomorrow for a reasonable gain. That's one way to go. Another is to hold tight and ride this higher! Our next major resistance point is the 50 MA at ~.008. And if we break that, BOOM!
So hold tight folks, and we could easily be testing that line this week. And with news on the horizon, you don't want to be left behind.
Lock and Load. Longer and stronger. BMSN
Today's Gameplan - Hold or Add
Yesterday we closed above the 200 MA with a Dragonfly Doji candle. That's a good bullish signal IF we continue to hold. You can learn about that candle pattern here: http://www.candlesticker.com/Cs19.asp
Whether we bounce off the 200 MA, grind into it for a couple of days and then slowly rise, or dip below it and fall is mostly up to us. The MMs and people wanting to buy in cheap have taken advantage of our fear for too long. Each day I see us start with buying pressure, see someone get nervous and sell into the bid causing a chain reaction of more people selling into the bid. Then more people go "Oh no! We're falling and sell off". Enough of that! This WILL be the bottom IF we hold strong.
Fundamentally, nothing has changed. The company has been making steady progress. Maybe slower than Penny Land would like, but progress nonetheless.
So GLTA today! Hold strong and we all win! Go BMSN!
Nice action with VOIS today. A bit of consolidation mid-day and we still closed at .004, up another 14%! And the RSI only moved up a smidge to 41.
This should be a fun month for VOIS. Especially with the 1st ever Neuro-Gaming Conference coming in May!
Go VOIS!
Nice close! We got a Doji candle with a long shadow that closed above the 200 MA. Hopefully this marks the beginning of our ascent back up!
Long and strong. BMSN!
Yup, and if someone takes out this guy at 41, we could close with a Doji, which would be another good reversal signal!
Go BMSN!
Only 2 retails on the ask between us closing green! Liking this power hour :)
Go BMSN!
4s are back!
Bounce off the 200 MA in progress.
Go BMSN!
Perhaps. Just depends on whether people try to churn this for small profits or let it run. VOIS has the room to run IMO.
Go VOIS!
Anyone getting nervous should watch this video (again):
Nice looking action again today with VOIS. Solid consistent growth. Chart still has miles to run!
I think we could easily see .075 by EOW, maybe more depending on how fast the word gets out. IMO.
Go VOIS!
Yup, VOIS seems like a hidden gem so far. And I think as more people notice VOIS, things will really pick up here. The chart is wide open for play. And with the low float, it looks like VOIS moves really easily!
Spread the word. VOIS!
Yeah, nice move today for VOIS and clear skies ahead. I also see that VOIS is #35 on the Breakout Boards now. Looks like VOIS is ready to run!
Go VOIS!
The way I look at is like this. Sure, it sucks to see lower prices. I'm holding too. But fundamentally, they've been looking stronger and stronger. The IND wasn't denied, they got their number, cleaned up their records, got up-listed and appear to have funding in place that they can use for the clinical trials and breast cancer LOI. Unless those fundamentals change, I'm not worried.
BMSN
If you look at the chart, the 20 MA looks like it about evened out today. I really doubt we'll dip below the 200 MA. If we test it again, I suspect the MMs will cover their shorts there and we'll bounce back up. But we may just start turning back up from here.
BMSN - It's not a question of IF, but WHEN. Stay strong people!