Searching for the next 500% stock
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2 THINGS:
We need to close above .0025 to expect continuation upwards in the next days to come
If we can break .0027 today, we will definetly have eyes on MCET and should be bullish
Dont know if you saw the tape but the last bounce off .0021 had a 18M+ transaction that went thru then the pps turned around and went up. Lets hope that was the last order that had to be filled at .0021.
This will be insane running into the close. As I stated many posts back. I expected news on FDA on MArch 7th before or after the bell. Today makes 30days from company announced the filings so I am sure the company already has the confirmation.
No way should there be selling into the close as news can come at 4pm or even in the A.M. Who will hold this long and sell just before the news.
Well there goes the 2nd 911 trade....NEWS coming for sure
Thanks, and I know it was a bit lengthy. I was eating and just kept adding on instead of starting new topic
LOLOL, nice find.....so g*long* sold before the nice runup. He got his shares taken the first day it dropped back to .009's. It must have been .0091 or .0089. He is so not a trader or an investor for that matter.
golong22, by any chance were those your shares that went through at .0093 before the runup back to .013's. Nah you couldnt be that dumb to get shaken out of the shares you held for weeks while pumping everyday....no not you was it?
I doubt anybody did, it moved so fast most were only able to get back at .011 and above and not even full orders. I couldnt move fast enough to catch the dip and by then it was back above .012 so I quit chasing. I still have average stock at .0091's so its ok.
Cant let everything out at once. I can see a nice run with a few updated PR's to sustain each level
BMSN plans to upgrade to OTC status
FDA has approved IND application
BMSN has now filed an Orphan drug application with the FDA
BMSN LOI is cleared and final
Plenty of news BMSN can come out with. I think todays 8K was just the first of many.
I think releasing the 8K today was strategic. The company released all the news for the period ending September 30 2012 for a reason. Many OTC and PINK stocks dont update this information at all. It says a lot to have SEC filings and proves its planning to be a real surviving company. Since September a lot has changed and frankly the investors are here for the FDA news and their forward events. A lot has happened since 2013 and thats why I'm here.
Releasing FDA news, whether its tomorrow or next week will bring the price up in the pennies so it is just a game to the flippers and bashers right now to make money. Flippers dwell on an uncertain environment otherwise they dont make money and they hate to chase when the pps keeps going up so they pump fear and hope it reaches as much people as possible. The problem with penny stocks is that there are too many uneducated and inexperienced people spending their money. Its not trading or investing because they listen to everything they hear from people behind a computer who cares nothing about them.
For those who dont believe in BMSN, you are kidding yourself and really shouldn't be in this stock. Each time the bashers start rumors and create panic they themselves buy up the shares at lower levels. We saw that today and a lot of good people sold their shares all the way in the .009's or .01 area. The bashers as well as the smart investors bought it back up and we are back over .013.
Ongoing events are what we are looking forward to. The FDA news is a game changer. If its positive the price runs to pennies and if its negative we go back to sub-pennies. EVERYONE here is waiting to hear FDA status so any selling is quickly bought up until that piece of news is known.
Words for the weak, sell half your shares and hold something you can feel comfortable with and DO NOT sell the remaining half until FDA news. You will be doing yourself a favor and also doing many others a favor by selling us your half. If you havent traded this stock yet you dont know how hard it is to get in once the pps starts to move. I hold shares long and I also trade shares in and out to try to build up my position but thats not working to well. Its hard to get back a good price and I continue to chase and get less and less shares. I dont really mind because I have my long shares that I do not touch...even when it dropped back to .009. Unless I see bad news about FDA decision I am going to hold those shares.
GLTA, and stop letting those flippers get your shares....FDA news could come at any moment and when it does its too late to have cheap shares.
Anyone noticed, right after that 911 order, shares just stopped trading....make sure you have some sidelines money. this is going to blast 1 way or the other
.
I agree with the low volume theory here. When I started trading BMSN it was at .0024 and you can always tell when a big run up was coming. Everytime the volume was very low around 20M we saw a big rush of buying and pushing it to new highs. I have traded on it 3 times on those low volume days. I have since bought another 150K shares as the last 2 days was bearly 20M for the day.
Multi day run coming to form a new and higher base. I saw this with CB*I last week and timed it perfectly to the 3bar top of .0072.
ok Balltilian, I saw that review...Gooo BMSN
Just checked the FDA website and for all those who are expecting to see the approval/denial status on the webpage may not find it because it is considered confidential. We may have to rely on the company because FDA wont show it. I guess it is for the companys protection so noone can steal the idea.
"How do I find out the marketing status of a drug?
Public information about approved drugs can be found on FDA’s Drugs@FDA4 Web page. Some information about unapproved products, including the results of completed trials (see also clinical trials below), is made available by the sponsors of these trials on the National Institutes for Health’s Clinicaltrials.gov52 Web page. However, information submitted by a drug sponsor regarding investigational drugs that are currently under development is considered to be confidential commercial or business information, and it is not generally available to the public.
http://www.fda.gov/AboutFDA/CentersOffices/OfficeofMedicalProductsandTobacco/CDER/ucm197608.htm#FAQ3
The charts are surely set up nicely for a sweet run. There has been consolidating for the last week and a half. Then thee is the golden cross that just took place...we are just waiting for the right news to take this off in multi pennies. Once this starts to move I think .05 will be here very quick. If we get there then I will say .25 by summer. But enough with the future predictions. The current charts are set up in a way for it to get to .05 this week if approval is announced.
http://stockcharts.com/h-sc/ui?s=BMSN&p=D&b=5&g=0&id=p22478977122
I can believe that....someone posted a link to a FDA approval website where we can check. I work off of 3 different PC's in different areas. I know I bookmarked that link but now I cannot find it. Do you have a link or a reason for believing so.
See post 42946, where do you get 1-7 days later (your partially correct though... 1-4days)
I'm still hearing people talk about 30Days is March 4th or 5th just because PR was filed February 5th. For the simple people lets do the math and put this expectation to an end. Now I am not saying approval or news may not come by March 5th but this is just not the correct date to expect. People calling March 5th may get a lot of people dissapointed. March 6th is considered 30 days from PR and since this is considered a material event an 8k should be filed within 4 bus. days of approval so actually news can come between now and Monday, March 11th which should be the last date to have that news.
Feb 5th = Day 1 of PR
Feb 6 = day 2
Feb 7 = day 3
Feb 8 = day 4
Feb 9 = day 5
Feb 10 = day 6
Feb 11 = day 7
Feb 12 = day 8
Feb 13 = day 9
Feb 14 = day 10
Feb 15 = day 11
Feb 16 = day 12
Feb 17 = day 13
Feb 18 = day 14
Feb 19 = day 15
Feb 20 = day 16
Feb 21 = day 17
Feb 22 = day 18
Feb 23 = day 19
Feb 24 = day 20
Feb 25 = day 21
Feb 26 = day 22
Feb 27 = day 23
Feb 28 = day 24
March 1st = day 25
March 2 = day 26
March 3 = day 27
March 4 = day 28
March 5 = day 29
March 6 = day 30 **** Last date to be denied, remember no denial means its approved to go the next phase
*** per SEC, BMSN has 4 bus. days to file an 8K for a material event
March 7 = day 2 to file 8k and update shareholders
March 8 = day 3 to file 8k and update shareholders
March 9 = NON-business day
March 10 = NON-business day
March 11 = day 4 and final day to file 8k and update shareholders.***Can come after close(4pm)
Please keep in mind that news can come on anyday now but if it doesnt there is no need to panic because We still have until March 11th. That just so happen to be on a Monday so the approval news can very well come at 8am right after the weekend OR it can come after the market is closed. If no news before market opens on Tuesday I will be very nervous.
This should be a public event and for all purposes require an 8K filing. If so, we should have the news sometimes this week. Thursday, March 5th is 30days from PR so 4 days after that will be next Monday at the latest. See the below...
Form 8-KFrom Wikipedia, the free encyclopediaJump to: navigation, search For other uses, see 8K (disambiguation).
Form 8-K is a very broad form used to notify investors of any material event that is important to shareholders or the United States Securities and Exchange Commission. This is one of the most common types of forms filed with the SEC. After a significant event like bankruptcy or departure of a CEO, a public company generally must file a Current Report on Form 8-K within four business days to provide an update to previously filed quarterly reports on Form 10-Q and/or Annual Reports on Form 10-K. Form 8-K is required to be filed by public companies with the SEC pursuant to the Securities Exchange Act of 1934, as amended. For a list of events that would trigger a Form 8-K to be filed, see the Official SEC Form 8-K Summary, reproduced below.
Contents [hide]
1 When Form 8-K is required
2 Reading Form 8K
3 References
4 External links
[edit] When Form 8-K is requiredForm 8-K is used to notify investors of a current event. These types of events include:
Material definitive agreements not made in the ordinary course of business
Bankruptcies or receiverships
Director is elected
Director departs
If a director departs because of a disagreement with the company on any matter relating to the registrant’s operations, policies, or practices then an 8-K must be filed to disclose a brief description of the circumstances representing the disagreement.[1]
Asset movement: acquisition or sale
Result of operations and financial condition
Material Direct Financial obligations (bonds, debentures)
Triggering events that accelerate material obligations (defaults on a loan)
Exit or disposal plans
Layoffs
shutting down a plant
material change in services or outlets
Material impairments
Delisting or transfer exchange notices
Unregistered equity sales
Modifications to shareholder rights
Change in accountant - and good idea to explain why
SEC investigations and internal reviews
Financial non-reliance notices
Changes in control of the company
Someone takes a large equity position (more than 15%); shareholder also needs to file with SEC as to intent
Someone takes a 51% position
Changes in executive management
Officer leaves
Officer is fired
Officer is hired
Departure or appointment of company officers
Amendments to company Governance Policies
Code of Ethics
Board Committee Governance Policies
Trading suspension
Change in credit
Change in company status
Other events
Financial exhibits
Investors should always read any 8-K filings that are made by companies in which they are invested. These reports are both material and relevant to the company, and often contain information that will affect the share price.
[edit] Reading Form 8KTypically an 8-K filing will only have two major parts. They are:
The name and description of the event - this contains all the information that the company considers relevant to shareholders and the SEC. It is important to read this information, as it has been deemed "material" by the company.
Any exhibits that are relevant - these exhibits may include financial statements, press releases, data tables, or other information that is referenced in the description of the event.
pg.4 Investigational New Drug (IND) Application
Except under very limited circumstances, FDA requires data from clinical trials—formally
designed, conducted, and analyzed studies of human subjects—to provide evidence of a drug’s
safety and effectiveness. Before testing in humans—called clinical testing—the drug’s sponsor
(usually its manufacturer) must file an investigational new drug (IND) application with FDA. The
IND includes information about the proposed clinical study design, completed animal test data,
and the lead investigator’s qualifications. It must also include the written approval of an
Institutional Review Board, which has determined that the study participants will be made aware
of the drug’s investigative status and that any risk of harm will be necessary, explained, and
minimized. The application must include an “Indication for Use” section that describes what the
drug does and the clinical condition and population for which the manufacturer intends its use.
Trial subjects should be representative of that population. The FDA has 30 days to review an IND
application. Unless FDA objects, a manufacturer may then begin clinical testing. Clinical Trials
With IND status, researchers test in a small number of human volunteers the safety they had
demonstrated in animals. These trials, called Phase I clinical trials, attempt, in FDA’s words, “to
determine dosing, document how a drug is metabolized and excreted, and identify acute side
effects.” If the sponsor considers the product still worthy of investment, it continues with Phase II
and Phase III clinical trials. Those trials gather evidence of the drug’s efficacy and effectiveness
in larger groups of individuals with the particular characteristic, condition, or disease of interest,
while continuing to monitor safet http://www.fas.org/sgp/crs/misc/R41983.pdf
DMH* only dropped because it was a cancelled pick by a promo group. Panic followed when it failed and dropped the price with added shorting. It was not due to MM's, they just took advantage of the panic and shorted it down even more. BMSN is not like DM*I and it has already taken that panic plunge from .0165 to .0072. The SP has stabilized and now averages in the .009's. The shares are valued to shareholders at these levels as you can see. It doesn't climb and stay about .01 nor does it want to stay in the lower .009's. if anyone notices we always come off the lows and end to mid to upper .009's. So if it drops to .009 then smart traders buy them up and can always sell them higher by eod or early morning.
Since the company PR'd the filing on Feb 5th then we can assume the 30days necessary for the FDA to review will expire March 7th. Now if the filing was done prior to the PR then we can expect news at any time. If so we can assume a 3 day rule which can be as early as Monday. I only say that because SEC rules says they have to release news about a material event in 3 days so if BMSN released the news on the 3rd day of when the actually filed then 30days would be March 4th.
The bottom line is we are only 0 - 4days away from knowing if FDA has allowed phase 1. We will know within these 4 days via company PR. For the peeps who like to distinguish btwn FDA stocks like D*HI. We can assume a FDA approval should get us to a minimum of .06 and that's w/o any promos. A good promo should get us to .15 to .25.
So if we get to .009 again which I don't think it should go back to next week. I would suggest who ever is holding just hold and don't take the risk of flipping. Any shares sold in the low .009's are being gobbled up and the sellers are getting upset and missing out once they see that we close higher.
Next week is going to be fun. Time to make some real money.
Exactly...Feb is 28 days, so the nail down date in thursday March 7th and yes if no denial by the FDA then it should be a automatic YES
Why would there be a sell off if no news on FDA. The only bad news will be if FDA denies the application. Approval or no response is great news as the FDA has to deny within 30days (March 7th). If no response then that means BMSN gets the go ahead...please inform the board correctly
This looks like it is going to be just ather POS trip 000 stock in the near future.
If we close green today (>.032) its gap and run tomorrow.
BOTTOM LINE IS:
All the .00 stocks that s been played as of late ALL went to .01. If you check all the dbl 00's and some of the trip 000's they all made that run to .002 consolidated then to .005 consolidated then to .01's+.
I am confident this will hit .01 by this week with all the buy pressure thats here, maybe by Tuesday. The fact the the GOLDEN CROSS is upon us is a big help.
A lot of big names on this board. These names are in all the money making stocks. This is going above .01...IMO
The way I understand it is that the FDA can respond with "acceptance" or "denial".
The FDA has up to 30 days to accept or deny so decision can be made any day, anytime.
Also if 30days come to pass and there was no denial the the decision is usually that the FDA accepted the proposal. It will be up to the company to PR the news.
I am very confident about because FDA has been approving more and more applications over the years.
U.S. Food and Drug Administration Approved 30% More Drugs in 2012 Than the Year Previous
http://finance.yahoo.com/news/u-food-drug-administration-approved-132000725.html
With all the great DD peeps on here, is there not anyone on here that can reach the CEO for some type of shareholder updates. I know we are waiting for FDA approval but anything else happening with the company would be great.
I see all the other FDA companies that actually made it had shareholder updates along the way to keep them up to date on company issues.
I am long here, just thought one of our DD'rs had some type of communications with the CEO and that we should have some updates.
What? Its garbage talk because we had a red day? What was it for the 7 green days. I didnt sell either instead I actually bought 75% more. Since you still have shares lets hope the garbage turns to gold.
Hey this dip to .008 was expected. I actually was expecting it way before the run up to a penny. I am only mad that I missed it at .008, I actually added at .009 tho. I believe this was a coordinated effort to bring the pps down just like what they did to NT*K. Now look NT*K is back to where it was before the dip. Get yours now because this will go back up.
There was nothing that changed to drop the price only panic sellers. You cant really blame anyone from selling to lock in profits but they will in turn chase for shares again at higher prices. All we need now is some nice NEWS and BMSN will be back at .015+.
I would never want to be caught without shares on a good bio play. Any morning there could be news of FDA approval, by time the markets open the shares will be 300%-500% higher. Just accumulate your shares and wait for approval....hopefully btwn now and March 5th which is 30days after filing.
Jut read an article on yahoo financial about:
Marijuana Funding Model Starts to Take Shape
Looks like this is starting to be a big business even for investors, banks as they are starting to lend money to MJ companies and expecting double digit returns on them.
I think all the MJ stocks out there are in for something big and this is just the beginning.
Well dead_money guess your in a far far more better position than I am. Good luck with your NTEK investment.
I got to say the people that held on to shares while it went down got some brass balls. I admit I couldn't hold the nerves but got back in when volume returned. Good job guys!
Deal should be completed by September as AMR emerges from BK
NTEK is on Pacific time and normally release news btwn 11:30 - 1:30pm EST. Thats around 8:30 - 9:30 am local time. I will be very suprised if we do not get some kind of news today with this activity.
I have been waiting for this day when volume was low and they bring it down. I bought 200K at .0199 because after days like this NEWS comes out and it takes off. Been watching and trading in/out since .0021. I believe we are about to take the next leg up from here.
GO NTEK
NICE, now we should see the support here in this stock...we are going to test .015 today. This is just my observation...
EXACTLY, same patterns in December as we were in an uptrend. Its ok that there are a few flippers here. They are the ones that dont hold overnight and sell at days end. The real money is in long hands.
People check out the pattern in December and look at the candlestick pattern...yes identical to yesterdays, this is going higher and may hit .02 in the next day to so
EXACTLY.....march forward to .02. I am hoping there is some sort of news in the morning to let the sellers chase