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a death cat bounce imo ;)))
That's about it Blade. The market is doing a huge ABC Fib retracement down. Volume on up days like today is light compared to down days. We are getting a relief retracement rally that big money sells into. The S&P could go to between 1600 and 1610 before it flips again. Look for shorts or get in cash. It makes no sense to ride it down.
We should get a bounce next day or two, then the market will continue down.
Hey bro, do you still think the chart looks fine? I'd say RNN is looking at .36 if the market stays crappy. It broke below .44 support today cracking the foundation. Way more downside risk than upside in a market like we have now. That said, the market is due a bounce. After that bounce plays out, the market will continue downward because there is a huge ABC down in place that will take the market a lot lower over the summer months.
Matt, you could be right. Chart reading is not an exact science and every interpretation is different. That said, if we were sitting at the bar next to each other, I'd have my money out betting on my assessment of the chart. I also think the market is going lower which will not help any long position on any stock. The market broke hard on high volume and rebounded slightly today on lighter volume. As you said, we'll see next week. Have a nice weekend..
If this tests and breaks the Fib. .618 at .4001, then it will for sure retest the recent low of .40 cents.
Sorry, should read; If this tests and breaks the Fib. .618 at .4401, then it will for sure retest the recent low of .40 cents.
You could be right about RNN, but the chart is looking quite over bought to me. The ADX (shows trend) is turning down, stochastics are topped and turning down, MACD is topped and turning down and today we had a hanging man candle which is a reversal candle at the top of a run kinda like a hammer is at the bottom of a decline. If this tests and breaks the Fib. .618 at .4001, then it will for sure retest the recent low of .40 cents.
See link for examples of a hanging man candle.
http://www.google.com/search?q=shooting+star+candle&tbm=isch&tbo=u&source=univ&sa=X&ei=pMfEUYy2IabgyQGiu4G4Dg&ved=0CCoQsAQ&biw=975&bih=650#tbm=isch&sa=1&q=hanging+man+candlestick&oq=hanging+man+candlestick&gs_l=img.3..0l2j0i24l4.56147.60637.2.65138.11.11.0.0.0.0.54.493.11.11.0...0.0...1c.1.17.img.nbmSZzXgmiI&bav=on.2,or.r_qf.&bvm=bv.48293060,d.aWc&fp=dc85b731d1cfd52d&biw=975&bih=650
http://stockcharts.com/h-sc/ui?s=RNN&p=D&b=5&g=0&id=p74470249104
I have seen where buys show up as sells as well. Hell I have seen my own buy orders cross the tape as a sell.
As per the buy/sell data on iHub, your buy order was a sell if the transaction was done at your bid price if that bid price was less than the current ask. That would mean someone sold you their shares at your bid. If your buy order was done at ask price, like a market buy order, or your bid was at the current ask price, then it should have showed up as a buy.
This stock did a 50% retracement of the last run. The last run started at .40 and ended today at .505. A perfect 50% retracement would have been .4525. This could be a one day pull back or it could see a .618 retracement which would take it back to .4401. Tough to call. Today's candle is a bearish harami which tells me we could see a retest of today's low or a test of the .618 fib number. None of that really matters though because the upward movements are on much higher volume than the downward movements like today. Over all, longer-term looks good.
There is resistance between .50 and .67 cents everywhere on the chart. But, volume will take care of that. The stock looks like it is heading to one dollar on the chart. It wants to fill the gap between about .82 and .98 cents as seen on the chart, see link. It's just a matter of time before it gets there.
Look at the ADX at bottom of chart. That indicator shows trend and this is definitely trending upward.
http://stockcharts.com/h-sc/ui?s=RNN&p=D&yr=2&mn=0&dy=0&id=p41570342269
I like the consolidating and base building as well. The slower this moves up the higher it will probably go.
Don't count on the golden cross too much. I am a chartist and have seen many golden crosses. Oftentimes there is a delay after the cross and sometimes a sell-off. It just depends on the market and about a thousand other things. Over all though, a golden cross is a great sign of a trend change.
As far as the buy and sell data, I'm not sure you got my meaning. Briefly, a buy is when a transaction is logged at the ask and a sell is logged at the bid, most know that. The buy/sell data we are discussing is accurate in as far as that explanation is understood. What many don't realize is a big seller can continue to lower the ask to his sell price no matter what anyone else wants for their shares. In order for small sellers to sell, they must under-cut the large seller or wait till he is gone. When bidders buy the large sellers shares, the transaction is at the ask and therefore is logged as a buy when actually it is a sell because the seller is big and controlling the ask. In other words, he may have many more shares to sell than there are buyers so the price either consolidates as the large seller waits for buyers, or it falls if the large seller decides to take less and keeps dropping the ask to dump his shares.
Think about it, if there really was 200K more buyers today than sellers, that lopsided demand would have pushed the bid and the price up. They wanted the price down today. Almost right away, they (someone) dumped almost 100K shares. That's not done unless someone wanted to crash the stock. Just after 10, another 300K was dumped to tank the stock from .495 to under .46 in under 6 minutes. That was another intensional move. That gave the seller control and slowed the buying enough to hold it down. It could also have been done to help a large short to cover his position. The point is, that buy/sell data is skewed at best and often-times means nothing. I know this because I was close to a person that worked as a Nasdaq market maker before retiring and passing away.
I'm long RNN so don't think I'm here to bash cuz I'm not. That said, I thought that was a paint job of a close if there ever was one. First of all, that 10,000 share order came a full minute and nine seconds after the close. The bid was .4657 and the ask was only .475. That gap will probably be filled first thing in the morning. The absolute best close price should not have been any higher that .475 ask or at least some shares should have been sold at that price. I've noticed that these market makers love to play around with the close on this stock.
Now, as far as the 200K more buys than sells today, that can be greatly misleading. If there is a big seller that just wants out, that seller can control the market by lowering the ask continually throughout the day. That causes bidders to hit the lower ask which looks like buys on the buy/sell data. When stocks go up, the line at the buy window is longer. When stocks go down, the line (demand) at the sell window is longer. Today the sellers were in control and that buy/sell data that iHub puts up is skewed at best.
Wow. Back under a buck?
I just read the article and sold after hours. As much as I hate SA at times, I do believe (at least partly) what is written in that article. That's the problem with biotech stocks in general. They are all bombs with a lit fuse. People are entitled to their opinions like we have on this board, but that article seems to quote those that were involved or in the know. It will be interesting to see what response the company will garner, if any at all. If no believable response by markets open, this will close way under a buck.
Luck to those that believe.
This stock is in consolidation mode since running up over 100% in a few short days. It is flushing out those that bought very low and wanna secure profits. Once done it will continue to climb. Chart says it all. Breakout on huge volume and then retracement on lighter volume never lies. Accumulate and staying long will be rewarded. Only thing that is not sure is the time frame. That's always anyone's guess.
This June 4th article is worth a read. Even if you have already read it, it is worth reading again.
http://seekingalpha.com/article/1479341-celsion-raised-from-the-dead
I agree with your post 100%. I think this company knows what it is doing and will make share holders very happy as time goes on.
Lets look at what was said by the company in that filing:
To grant discretionary authority to the Board of Directors to amend the Certificate of Incorporation of the Company, as amended, to effect, at any time on or prior to the date of the 2014 Annual Meeting of Stockholders, a reverse stock split at an exchange ratio within the specified range and to set the number of authorized shares effective immediately after the reverse stock split at 75 million shares;
Read the above paragraph carefully. It says it wants permission to have the power of being able to reverse split at any time on or prior to the date of the 2014 Annual Meeting of Stockholders.
It does not say they intend to reverse split. I believe it is only a precautionary measure to be used in case of delisting possibility in the future. They were below a dollar for a brief time which is below Nasdaq's minimum threshold to maintain listing privileges.
But, lets say they did reverse split. I don't think it would hurt this company at all as they are solid. This is not a pink sheet company that issues billions of shares for an unknown product and then reverse splits only to do it over again and again. This company has plenty of cash and is in development and commercialization of targeted chemotherapeutic oncology drugs based on its proprietary heat-activated liposomal technology. The company has developed ThermoDox, a liposomal encapsulation of doxorubicin, which is under Phase III clinical trial for primary liver cancer; under phase II clinical trial for colorectal liver metastasis; and under phase II clinical trial for treatment of recurrent chest wall breast cancer. It has a development, product supply, and commercialization agreement with Yakult Honsha Co. for ThermoDox and a joint research agreement with Royal Philips Electronics to evaluate the combination of Philips' high intensity focused ultrasound with its ThermoDox to determine the potential of this combination to treat various cancers.
I don't think a reverse split is coming, but if it does, it won't hurt share holders after the initial shock. After all, insiders have been buying. When insiders buy, you should buy because they know a lot more about what's going on than we do.
One more thing, it's possible they wanna make some future acquisitions using shares, so a reverse split could be used after that.
I just sold this garbage, luck to you guys still holding.
This is a very quiet board. So is the REE Yahoo board, just a couple jerks over there. Too bad there wasn't more info and discussion on this and other REE boards. I'm starting to wonder if this, or any precious metals stock is worth holding. Any opinions?
Childish you are. Those posts were a long time ago. At least I got out with a small profit, how much did you lose? I trade many stocks, mostly big board stuff. I usually stay away from penny's and am in none at present. Too many children running amuck on penny boards.
I dumped at .021 and left with about $150.00 profit. Sure glad I did. That said, I wish all the longs here lots of luck.
What if they (MM's) do not fill that one cent gap?
The low since the gap has been .951. On Friday CLSN retested that .951 low and it held. So far, that's a double bottom which adds to support at .95 cents. It might not fill that gap to .94 cents. That said, just as soon as everyone is comfortable with the stock trading over a buck and people are adding shares at the current highs, that's when the bear raid will happen if it's going to. M&M's love to run stops on low priced stocks because they know they are dealing with an over-abundance of amateurs.
Another pretty good Palladium play is swc, the only serious US Palladium play. It is very undervalued like many miners are at present.
Daily charts can fool the vision. A 15 minute chart clearly shows it. It is only a small 1 cent gap, but as I said earlier, I have been burned by that type of gap before.
Now, you can clearly see the gap on the chart you posted if you look closely. See the red candle with the low of $.9160? It closed that day at .94 cents. Since then, the low has been .9510 which you can see two days later on your posted chart. That leaves a .0110 gap yet to be filled. That's all the excuse the M&M's need to drop and fill that gap. I have my order in at .95 cents hoping (it may not) the gap fills like I have seen so many times with stocks like this.
If you are talking about CLSN, one must be careful of the unfilled gap created on 5/23 at 93 cents that has not been completely filled yet. You can see the gap on a 5 day 15 minute chart. This kind of gap has bitten me more than once. Sometimes it takes days or weeks to fill, but they almost always get filled.
Not mine either, all hype and BS.
I subscribe to Barron's.com. The price targets are from their paid web site. Barron's is a no hype site.
I read that also. As far as REE goes, it needed a breather today. Should see $2.50+ by weeks end. Look at a long-term chart to see where this is going.
http://stockcharts.com/h-sc/ui?s=REE&p=W&b=5&g=0&id=p94426621229
Just for thought, I think the market in general is due for a hard retracement. When that happens, mining stocks, especially rare earths will move up nicely. Gold stocks will lag until gold finds a bottom. Rare earths though, have bottomed and turned on volume. Barron's has the following targets on REE:
REE Stock Price Targets
High: $12.25
Median: $9.12
Low: $6.00
Average: $9.12
Current Price: $2.23
Anyone watching the rare earth sector? REE broke out on volume on the 13th after falling and basing for the last two years. It then pulled back to support and broke out again today on higher volume. The chart and the sector is coming to life. Good time to enter cause the move has just started. See chart link:
http://stockcharts.com/h-sc/ui?s=REE&p=D&b=5&g=0&id=p69637445030
It might pause at $2.53, but it looks like it wants to visit $3.00, that's where it will run into some resistance.
REE: should see a Bullish reversal pattern form Mon
I can never guess or call a bottom, but it does look like $1.90 might hold since REE bounced off that number yesterday and successfully tested it again today. I am looking for better days ahead, hopefully those days will start next week.
Luck to you...
Yes, I am in and will average down when I think I see a bottom. I jumped the gun and got in at $2.30 a couple days ago.
I will stay the the course because these beaten down rare earth mining company's will rebound. I subscribe to Barron's and they have the following price targets on REE:
Stock Price Targets
High: $12.25
Median: $9.12
Low: $6.00
Average: $9.12
Current Price: $1.99
Are you still in?
Ree is consolidating a 59% gain in 4 days as it ran from a low of $1.60 to $2.54. It will continue its run when ready. It will break $2.54 and head to $3 and above.
I agree with your post. I like Q1 revenues and the backlog. When they launch other products, revenue will really take off. I actually like the company, but dislike the stock.
Luck to you.
Will it cause the market price to increase allowing some of us to make some profit at the current price
If anything it will scare investors away. The way it's written, the 5 million in warrants can not be exercised until .10 or above. What is unclear to me is at what price can the 10 million shares be exercised? If the investors were issued 10 million shares up front like it is written, then they can most likely be exercised immediately because there is nothing mentioned about any of those shares being restricted. 250K divided by 10 million shares equals .025 per share, so unless the investors wants to lose money, they will wait and sell above .025. Will they short the stock?
The good and the bad. Just to confirm, I got out a while back with a $158 profit. The stock was just too illiquid for me. Lucky I got out when I did. Anyway,the good:
-We recorded revenues of $316,000 for the year ended December 2012 and $149,000 for the three months ended March 31, 2013. All revenues to date are primarily attributable to the arrangement with HoMedics. As of March 31, 2013, we had a backlog of approximately $347,000, consisting of orders for additional units of our wellness product that we expect to deliver during 2013.
$149,000 isn't too bad considering just one product.
But, the bad:
On May 8, 2013, the Company entered into a Subscription Agreement with two accredited investors (the “Investors”), pursuant to which the Company sold and issued to the Investors (the “Private Placement”) a total of 10,000,000 shares of the Company's Common Stock for proceeds of $250. In connection with the Private Placement, warrants (the “Warrants”) for an additional 5,000,000 shares of the Company’s Common Stock was issued to one of the Investor. The Warrants are exercisable through May 8, 2018 at a per share exercise price of $0.10.
In May 2013, we raised $250,000 from the sale of our securities to two accredited investors. However, we need to raise additional funds in order to realize in full our business plan as well as pay outstanding loans in the approximate amount of $1,493,000, of which $1,417,000 mature by March 31, 2014. In January 2010, we restructured our operations in an attempt to focus primarily on our core technology for non-medical market operations. As of May 2013, we had two employees working on a full-time basis. In addition, all research and development activities are performed on a sub-contracted basis. If we are unable to raise additional capital, it may be necessary for us to take further cost cutting measures to reduce our cash burn including laying-off additional personnel and/or cease operations entirely. No assurance can be given that we will be able to raise additional capital. These conditions raise substantial doubt about our ability to continue
as a going concern.
GOOD LUCK EVERYONE!!
I just love your sense of humor, you be a real beauty, LOL....
Death spirals, LOL...LOL, LOL...LOL!!!
Money Runners, take a look at this under the radar beauty.
http://stockcharts.com/h-sc/ui?s=SPOM&p=D&b=5&g=0&id=p41285004428
SPOM quietly making its move. Product on CVS store shelves and more coming.
http://stockcharts.com/h-sc/ui?s=SPOM&p=D&b=5&g=0&id=p41285004428
.028/.0285 is key resistance.
http://stockcharts.com/h-sc/ui?s=SPOM&p=D&b=5&g=0&id=p15501956685
If we can break above and close above .0285 we will run to over .04 cents. All indicators are pointing up.
http://stockcharts.com/h-sc/ui?s=SPOM&p=W&b=5&g=0&id=p80820400250