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Andrew, That's where I'm going to fail you for the most part. I believe in the charts and the catalysts. I try and get in on certain resistance levels and give it a go from there and set mental stops, get out with a loss if the chart breaks down. Mental ones because I'm mental, but also because I don't trust the system and think they like to take out as many stops as they can at times.
I trust in the chart's past levels, the RSI, MACD, Stoch, etc., and make my moves off of that. NEWS always trumps the chart, the financials are important, but psychology is a big part of the price, so I work off of that. How else can you explain people investing in companies that don't make money? We're all greedy :) Also I'm not smart enough to understand all the complexities that are involved, and figure they can cook the books anyway.
DARA is seeking orphan status and I'm using that as the catalyst and hoping for a short term price movement up based upon the chart. I'll take a $.20-$.30 move and move on.
The daily chart has a nice rounded bottom and it made a nice move recently, and has room to roam. Was hoping it drops down again like it did yesterday (near .65). It might not, so be it.
I've learned from postings from people like Wrinkles (Smurf, $$$Seeker, Sheep, Musthavemusic, et all from Sheff's board too) here on iHub. Avoid the noise, trust your chart method (whatever works for you). Get in, get some $ and get out.
But that's me. Whatever philosphy works for you. So in summary, I'm not smart enough to answer your question :)
MSTX - $.78 (nice) Here's to hoping it holds the "higher lows" trendline on the 15 Min chart. If so, could have a little bounce here.
I'm watching NASDAQ 15 min chart too. Hoping it holds and slides up into close
DARA ($.72) might not slip back down again, but I'm thinking and watching that it might. If so, .64ish would be ideal IMO. I'll pick up in .66's or so if able. A little head fake before going back up. One never knows.
ACHN ($4.04) - Moved into the gap above. Pushed past 100MA. Let's see if volume keeps it there, or retraces.
Aloha! MSTX - Added more to my position. Enjoy your trip.
MSTX - Thanks for the article :)
I watched their presentation a day or two ago. Liked that the speaker stressed that they were going to keep the PR's coming. Figured that'll help keep momentum going and it from dropping too much (if they follow through that is).
Bob Stocks is big on it too. I like some of his picks, so figured I'd add more to what I have. Good company to have.
MSTX - ($.81) : Picked up some more. Missed it lower today. Will add more if it drops again.
DARA ($.70) - Watching to see if it goes to mid .60's. If so will look to free up some cash to get it at that level. If not, no biggie.
EDAP - It looks good. Trying to make that push over resistance. Poke it with a stick why don't you!
Sitting it out at moment. Low on available funds. Watching. Good Luck.
IPCI - Making a Move ($4.32 : +4.6%)
IDI - This one looks very tempting. May have to wait until cash frees up, if its still there for me.
Was a good green day, but the day is done. Move on to tomorrow. Lather, rinse, repeat, would be nice though.
ACHN, CHTP, ETRM, IGXT, IPCI, MSTX (picked up some again - had it originally @.42, sold @.49. Wanted to buy back at $.45. never had the chance. Live and learn.
IGXT - Got lucky it dropped for me when I was watching it. Will still add more if it drops again.
sure, sounds good. be warned, I snore though.
can keep name the same, fine with me.
gotta go out, back later tonight
When you are viewing a posting, at the bottom of the page (lower left hand corner), you'll see "Follow Board" and click on it.
In theory, those same links should be at the top of this page too. Had the same problem myself at times.
Welcome
Smurf, Thoughts on ECTE?
I'm not in it. Just have it as a watcher at the moment.
DRWI up 21% today. Past your $1.62 entry, high of $1.81 on 2M volume so far.
Thanks. I saw $6 and remembered all the times I've had that sinking feeling when the stock opens on great news like this, and you slooooowly see it go, down, down, down.
Figured "LOCK IN PROFITS, LOCK IN PROFITS, LOCK IN PROFITS"
so did. Figured I'd let remaining 1/3 to see if momentum picks up after the first hour or two. Either way, great learning experience overall in the trade. This was the first trade that I got into, when I went AGAINST my chart methods and used emotion and rushed into it. Dumbass
So, I paid the price for it at first. But did the right things thereafter to average down and sell off half, so all is good, and got lucky. Live and learn.
I joined you in IGXT for 5,000 @ .61. I think it trades down or sideways for a day or two, and if so I'll grab another 5,000.
PDUFA February 3rd, 2014
Cool. When I heard him speak about it, I wasn't too familiar with it and it was one of those things that you think "hmmmm - that sounds like that could be awesomely important." I need to find out more about it. Thank you.
I like how you detail your posts with specific datapoints. Much appreciated.
Rhodey,
5) application for unique name designation from Adopted Names Council **** this is important for international growth aspirations.
--------------------------------------
Was #5 above the part that he referenced about the generic drug and being the only one who could produce it?
I only half heard that part and wasn't positive. Thanks much.
I did like (amongst other things) the part about making sure to have a steady stream of PR's to keep everyone updated.
Thanks. That's my thinking too, but I saw $6.04 and was more than happy, so sold 1,000. Was hoping anywhere $4.5 -$5+. Sold 1000 shares which made up for the 1/2 lost to begin with and then another $1000 profit. So, 500 left is gravy.
Keeping the small 500 shares for the moment.
Needed the victory after taking the loss on the 1/2 I sold. So, very happy.
Thanks Smurf. Still in ACHN, IPCI, ETRM. Looking to get into IGXT probably.
Hey Smurf, Any thoughts on CHTP? I kept half (1,500 shares) for the ADCOM vote. Best on an event like this to sell on announcement or wait until tomorrow and see?
Thanks
Good job. See it worked out for you and you locked in gains. I at the moment, lost out on the 10%, but am still confident it'll pop back up. I have to remember to take 1/3 off the top when it pops, etc.
Ti m e
ng
is everything :)
Thank you very much, as always.
I did my first average up today. I bought 600 more IPCI at 3.94 when it slipped down, so have 2100 @ 3.87.
Was going to snap up MSTX this morning when it slipped down to fill the gap at .51, only it went the BOOMSKI instead. Oh well, there's always another bus around the corner to hop on for the next ride.
Thought about taking a position in ACST, but figured to just add to IPCI as I had a partial fill last week and wanted more in it anyway.
Thanks Smurf.
Yeah, liking IPCI a lot except I keep getting the symbol mixed up with that other super high flying one (ICPT) or whatever that is that skyrocketed.
Thanks for posting this one, am feeling good about it going forward. If it dips, I'll get some more.
I picked up a little more in a partial fill. I think I'm averaged at 3.84. Will pick up more if it does a headfake down before next run up.
Shhhhhh, be very quiet. I'm hunting your IPCI wabbits. I like the chart and hoping to get some in the mid 3.7's or lower 3.80's. Or, lower of course, but can only go after the IPCI wabbits that pop up.
Got a starter wabbit at 3.82. Hoping to find a few more if they come along.
Thanks for the heads up.
There's a lot of Twitter re-tweets about ETRM insider selling his lots, so might explain the drop this AM.
Conference Call today at 12:30 PM
Summer Street's chief scientific officer holds analyst/industry conference call. Chief Scientific Officer Classen discusses whether the upcoming January 14th meeting of the FDA's Cardiovascular and Renal Drugs Advisory Committee will approve Chelsea Therapeutics' Northera on an Analyst/Industry conference call to be held on January 10 at 12:30 pm.
link: http://www.theflyonthewall.com/permalinks/entry.php/CHTPid1944051/CHTP-Summer-Streets-chief-scientific-officer-holds-analystindustry-conference-call?symbol=CHTP
Yes, very much so. Very helpful people and more importantly - Good Picks and data behind them.
Thank you very much. Will study over this again.
Anyone can post trades that they make, very few will take the time to help out others. Thank you!
I love information and reading your rationale helps me to learn and be a better trader. Damn, I almost sounded like Jack Nicholson in "As Good as it Gets"
It's Friday! Let's get them stocks moving.
Ok. Thanks, was wondering on the ADCOM date. Soon is good :)
Is there a good site to use to check on the options? I looked at my TDAmeritrade option chain info and believe that I saw around 1000 at 2.50 strike at a cost of $1.20 for the May option. Is this what you're referring to?
Is there a website that shows the Put/Call ratio for individual stocks? I googled and didn't find much for individual stocks, only for the indexes.
Thanks again Smurf.
Thoughts on DRWI? $1.64 - DragonWave
I played it from lower 1.20's to lower 1.40's. It still seems to have room to move with some resistance at 1.60, then lower 2's, then gap to 2.3 perhaps.
52 week 1.08 - 3.58
I'm not in at the moment, but have it as a watcher. They're a wireless Ethernet company.
Thanks Smurf
Yeah, I'm ok with holding at the moment and not running off with the 9%. I have some room at least and the upside looks pretty decent. Thanks for the input. Still learning my exits.
Yeah, it seems to be respecting this area for the moment. Be interesting to see if it keeps up this way without news. It sure made a quick move from 2.53ish to 2.60 EOD.
I thought there was going to be a date announced a week or so ago for an ADCOM date if I remember correctly. That might push it up to 3? Or, at least 2.8ish? Or is that news already baked in to the price? Not sure, I have to review again.
From what I've found, there was a PR on their web site from Sep of last year(link: http://ir.enteromedics.com/releasedetail.cfm?ReleaseID=792796) stating, "We are very encouraged by the responsiveness of the FDA and are confident in our ability to address their questions in a timely manner," said Mark B. Knudson, Ph.D., EnteroMedics' President and Chief Executive Officer.
"We will continue to work closely with the FDA throughout this process. We believe that the Company continues on track for a panel in late Q4 2013/Q1 2014 with approval decision in the first half of 2014."
BiopharmCatalyst web site shows a date of: 3/31/14 - but I think that's a temp date. Anyone know?
link: http://www.biopharmcatalyst.com/fda-calendar/
Thanks
ACHN lost its steam today, however at least it bounced off its previous resistance (mid 3.5's). Am still holding from 3.36 and am hoping that if it retraces it bounces off that new support level and makes it way back up over the next week or so.
ACHN Short Interest according to Nasdaq is 16M shares as of December 12th, 2013.
Settlement Date: 12/13/2013
Short Interest: 16,752,329
Avg Daily Share Volume: 1,797,268
Days To Cover: 9.320997
Link: http://www.nasdaq.com/symbol/achn/short-interest#ixzz2pu6J9jMh
They also show ACHN to have
Institutional Ownership: 84.32%
Link: http://www.nasdaq.com/symbol/achn/institutional-holdings
SmurfVA,
I'm thinking Gargamel had a bad day today with the stocks that SmurfVA had moving (ETRM, ACHN, IGXT) today. Let's keep 'em going!
(PS> I don't have paid account).