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I am one that does not like how it seems to be controlled in pushing down and the top is being capped by the MMs with those low shares to keep it holding or pushed down. I can see that the price wants to go over 1.70 as I look at Level II. Some are sitting on selling in the 1.7xs and more at the 1.8xs and higher. I see hardly anyone at all wanting to see in the 1.6xs via level II, as most orders are the 100 shares being controlled by the MMs in how I am looking at it.
As stated yesterday, when you look at the chart you see Accumulation occurring all day long, same as I am seeing today.
Looks like more buying is occurring this morning.
Based on the information on AFP530 that I read, I would not be surprised if this is back to upper 1.7x again today, in my opinion.
Barefootrunner, I guess I am going against the Market on their preception of the numbers. I can only hope the FDA does not get persuaded by how the Market thinks.
I for one would highly approve the product, even if the end result numbers were even and not highter with Aloxi, but mostly because they have a new way to deliver the drug to the patient which will be less costly and provide a wider usage to the drug.
Thank you for your thoughts and insight on the market and how this is playing out as of recent.
jimmy1000, I use this myself for FDA Calendar.
It may not contain all upcoming events, but one I stumbled over one day in browsing the web that I have looked at for FDA events. It costs nothing, so could be lacking from what cccpmd666 has access to.
http://www.rttnews.com/CorpInfo/FDACalendar.aspx?Node=B8
barefootrunner, I just reread MattoRuu message from earlier.
In reading it and looking more at what is said on each level, it appears that moderate and highly emetogenic chemotherapy are better than Aloxi based on the numbers I am seeing from the research in that message posting. Albeit maybe not showing "superiority" over Aloxi in highly emetogenic chemotherapy percentage, I will take the smaller higher percentage results as it is. That plus this new drug can be, but is not required to be, used through an IV. Where Aloxi can ONLY be used through an IV.
Unless I am not understanding what I am reading, I guess as I see it, in my opinion, this product is better than Aloxi as it can be administered to a patient in many different ways, is at least even if not better than Aloxi (though maybe not superior in their definition) in the numbers I have seen that are shown below in the prior posting from MattoRuu.
Now if people are selling this stock due to it not be "statistically superior" to Aloxi, yet this new drug is better (in my mind) then let them sell their shares off as I will take up more myself. I can not image the the FDA would not approve this drug based on these findings of being equal or better in aspects to Aloxi, and that it has a much better way to administer their drug to the patient.
APF530's Complete Response percentage has been shown to be better than Aloxi Complete Response percentage, indicating that it is more effective than Aloxi in the areas of acute and delayed CINV for both moderate emetogenic chemotherapy treatment and highly emetogenic chemotherapy treatment.
APF530's CR percentage for acute onset CINV following moderate emetogenic chemotherapy is better than Aloxi's CR percentage (77.9% for APF530 vs. 75% for Aloxi).
APF530's CR percentage for delayed onset CINV following moderate emetogenic chemotherapy is better than Aloxi's CR percentage (81.3% for APF530 vs. 80.7% for Aloxi).
APF530's CR percentage for acute onset CINV following highly emetogenic chemotherapy is better than Aloxi's CR percentage (59% for APF530 vs. 57.7% for Aloxi).
APF530's CR percentage for delayed onset CINV following highly emetogenic chemotherapy is better than Aloxi's CR percentage (68.3% for APF530 vs. 66.4% for Aloxi).
Cincinatti Exchange holding it down for now
about 250k still shy of being balanced on Buy/Sell
Buy to Sell Volume is almost 1:2
295,751 to 565,382.
If these are to come any closer, than we should see a lot of buying causing the price to rise back.
If approved, then why a sell off?
If the FDA approves at least part of it, but may not agree with the whole part, why would you feel there would be a sell off?
I would think we should still see a $2 level as they will be able to still run with it. It is not like a total turn down by FDA.
With low volume trading stock, like this stock has, you can expect some big swings at times. Don't let it bother you too much as it can swing both ways as we have seen. At least that is my opinion in what I hear and see in watching stock.
Point Taken. I do realize free information, like you are giving, could be just as useless and inaccurate.
We all have to do our own research. I was sharing what I was seeing and not expressing any of it as 100% accurate as I have not seen a board, website, news report have all the information need to give a 100% factual outlook.
The price may get to $1.00 just as easy as it can get to $3.00.
I would not worry about the bidding of 1.50 at this time. You will also see on the ask side people asking for 2.85 and 3.60. We are only looking at premarket and unless there was bad news out I would doubt that anyone would sell at that amount. If they did it was only to try to scare some into selling, which will not be many as you can see we are not trading on large volumes here. Trading on small volumes can swing the price a lot at times. I would follow what you feel it right and go from there. There is one week or less in hearing from the FDA. On some they have been reporting earlier. I feel the shorts are just trying to affect the stock as it seems to have done in more shorting over this past week from what I have seen.
I checked short interest when I posted... site not working.
http://shortsqueeze.com/?symbol=appa
Not Available - Try Again $
APPA
Short Interest (Shares Short) 0
Days To Cover (Short Interest Ratio)
Short Percent of Float %
Short Interest - Prior
Short % Increase / Decrease %
Short Squeeze Rankingâ„¢
% From 52-Wk High ($ 0.00 ) %
% From 52-Wk Low ($ 0.00 ) %
% From 200-Day MA ($ ) %
% From 50-Day MA ($ ) %
Price % Change (52-Week) %
Shares Float
Total Shares Outstanding
% Owned by Insiders %
% Owned by Institutions %
Market Cap. $
Trading Volume - Today
Trading Volume - Average 0
Trading Volume - Today vs. Average %
Earnings Per Share
PE Ratio
Record Date
Sector
Industry
Exchange
And that site is showing what has already been shorted in the past. I was showing what was still available to be shorted based on the site I posted.
I learned another meaning for NET.. thank you.
APPA (1.77) Additional Info on Yesterdays Buy/Sell Volume
I noticed that I forgot to include the Buy/Sell Volumes yesterday.
Usually around end of day over the last several days I have noticed that when the Buy and Sell Volumes were largely out of sync that we would see large trading occurring and the price jumping from this large accumulation.
I noticed this did not happen yesterday on the large imbalance. Here are the numbers from yesterday's close.
Out of Balance between Buy and Sell was about 66K.
Buy Volume 210,905
Sell Volume 276,911
APPA (1.77) Thoughts on stock
Today the stock had been driven down. I believe this is due to shorting that has occurred today in my opinion. We have about one more week before the FDA meeting. If you are thinking about getting in, then this may be a good time to invest into APPA while the shorts appear to have it down in my opinion.
Back on 3/5/2010 I noticed that there was 65,000 shares available to short on APPA. As of this evening there are about 1,000 shares available to short based on this website that I have been looking at for a while now.
Shortable Stocks Link
Below is the information given tonight (3/10) as I click on their link reflecting the exchanges and number of shares available.
Symbol: APPA
Availability: 1'000
Exchanges: CSFBALGO, CSFBCROSS, DARK1, JEFFALGO, NITEECN, TRACKECN, EDGEA, DRCTEDGE, LAVA, LEVELATS, BATS, BEX, DRCTIOI, ARCA, BTRADE, ISLAND, ISE, CBSX, IDEAL, IBSX, MIBSX, NASDAQ
Here is the information as it appeared on 3/5/2010:
Symbol: APPA
Availability: 65'000
Exchanges: CSFBALGO, CSFBCROSS, DARK1, JEFFALGO, NITEECN, TRACKECN, EDGEA, DRCTEDGE, LAVA, LEVELATS, BATS, BEX, DRCTIOI, ARCA, BTRADE, ISLAND, ISE, CBSX, IDEAL, IBSX, MIBSX, NASDAQ
Shorting and net players.
I am not sure what you mean by net sellers as I can think of several meanings for 'net'. Can you please let me know more of how you mean that. Thanks!
Also I am a little surprised in how it closed today. Today was not like the last several days in closing, yet the volume up to the closing was moving the same that I remember, but in the last minutes they were not climbing and more seeming to be holding down with new shares being introduced into the market.
I personally am more surprised that we are not closer to 2 or above at this time, my feelings on where we should be at this time.
The last time I checked this stock to see how many shares were still available to short, and on 3/5 it reflected around 65,000. As of now in checking, I am seeing only 1,000 shares available to short. I am guessing the reason we are seeing these shares falling is due to the shorting. The prior two days we were seeing someone(s) buying up shares at days end, my guess on those in them two days was to cover anything they may have shorted in the day, but this is only a guess on my part. I am definitely no expert on this but my thoughts on what happened.
The reason I feel this is being shorted recently is due to how we can sit at what was our support level (low 1.80s) for a long time and no one seems to want to sell, it only seem to want to move higher and I could see in Level II that not many wanted to trade under 1.90. From seeing Level II and 64,000 shares more being shorted since 3/5 makes me feel someone is trying to drop this down. For what reason I am not real sure, but if shorting was not occurring then I think we would be over 2.00 at this time.
I would not be surprised if we open tomorrow on a rise at first. From there it is hard for me to tell at this point.
My posting from 3/5 showing the 65,000 shares available to short
Shorts on this stock. 3-5-2010
Todays numbers are shown from this site and the exchanges that they are looked at for available shares as I understand it.
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?key=appa&cntry=usa&tag=United+States&ib_entity=llc&ln=
Symbol: APPA
Availability: 1'000
Exchanges: CSFBALGO, CSFBCROSS, DARK1, JEFFALGO, NITEECN, TRACKECN, EDGEA, DRCTEDGE, LAVA, LEVELATS, BATS, BEX, DRCTIOI, ARCA, BTRADE, ISLAND, ISE, CBSX, IDEAL, IBSX, MIBSX, NASDAQ
This site shows them under the "Trades" section.
Links not working.
Link 1: Says "Sorry, the page you were looking for was not found..."
Link 2: I see no reference to AP Pharma or March 18th.
Link 3: The link opens but no story found on page.
Link 4: The link says "The webpage cannot be found"
Final Volume Numbers for 4:00 PM.
Buy Volume: 210,905
Sell Volume: 276,911
About 10,900 volume not reflected as Buy or Sell.
Looks like to me that this is being held down and pushed more.
Out of Balance between Buy and Sell is about 70K.
Buy Volume 173,021
Sell Volume 245,801
Buy Volume is based on Ask Price trades being executed
Sell Volume is based on Bid Price trades being executed.
I have been following it the prior two days. Same thing has been happening. If it does not fill up more very soon, than at the end I would expect it to run again.
And I am not saying two days makes a good pattern but one I want to keep a watch on.
I am hoping we have a rise at the end of the day.
So far we have a ratio of 2:3 on BuyVol:SellVol (105,373:158,277).
Hopefully a good sign, most Pre-Market Asks are for 2.12 and higher.
ITMN @ 38.25 in PreMarket now.
Been trading between 38 and 40 this morning in PreMarket trading.
w/ CXM, I found it funny that the stock trading price was trading very tightly to the average share price in the offering of $0.50 per share, at least in how I am reading it.
Small clip from the news from yesterday:
In the offering, Cardium is selling 2 million Units at a per Unit purchase price of $5.00. Each Unit consists of 10 shares of common stock and a common stock purchase warrant to purchase 5 shares of common stock. The common stock purchase warrants are exercisable at an exercise price of $0.64 per share, are exercisable at any time after six months from the date of closing and have a term of exercise equal to five years.
I think the news will be out very soon on the FDA 510k.
I saw a very large imbalance between the Sell and Bid sides yesterday. I can only guess that had something to do with it.
I 911, will you do me a favor and turn back time about 2 weeks so I can correct some of my trades to the proper one here? Laffs... well it would be nice.
Congrats on the good calls!
Larry
CXM .49 in PreMarket low this morning.
So far I have seen no new news out this morning.
Bought more shares @ 1.8199.
I just bought more shares @ 1.8199 at 1:41PM. The Level II numbers did not change at all from my execution. I put in my order @ 1.82, but came back filled at 1.8199.
ISEG was showing 1700 shares @ 1.82; NSDQ (I believe it was) for 200 shares @ 1.82.
I am guessing one of the exchanges was selling me there shares as it filled immediately.
I am not concerned at buying at this price, just wanted to share my experience at this moment in case it may help anyone in any way possible.
I bought some earlier this morning at 9:37 @ 1.83. I am mostly feeling we are bottoming out here, but in case it slips below 1.80 I have an order to kick in to buy up a lil more.
Yes I know today's close was artificial but I am still happy to see it, fake or not.
But I do wonder why did it run so much at the end, as the volume was very high compared to the rest of the day and it looks like they were buying as much as they could. Was it due to shorts covering, or accumulation happening? Either way, it is something I can not control... whether controlled by the MMs or not, it does not matter as I have to focus on my end needs. Hence the reason I took my profit today on what I bought today. Hard to tell if it will fall, rise, stay pretty flat in a trading range until the 18th.
It could very well fall, but my feeling tells me it won't. I believe it should rise over 2, but if that does not happen by mid or end of next week then I do not see it happening before the FDA notice comes out. My fear is that this stock will still be held in a small range of say .10 or such as time draws closer. I say fear as I have seen this happen before, being manipulated and held in a tight range until the news is released. The only one who actually makes any money is the MMs. But I think this stock is different as the volume over all is pretty low in trading each day, at least compared to others I have seen and traded, it does not seem to be high on a ton of radars, so the MMs would not make alot of money in selling/buying shares in my opinion.
You mentioned hedging with puts. I have never done that, and I believe this can only be done through Options in a regular cash account. I have an IRA account so doing Options is not available to me that I am aware of. I can only do Margins, which I can do, but have never done it to date yet.
I do enjoy a good ending to a day, so I will take it.
I have been watching the Momentum line for a lil while, and as I saw it start the upswing, and MACD Histogram looks like it may be bottoming out, I am thinking that we may have hit bottom around here and should be heading up today or very soon - in my opinion.
I also have noticed that this stock seems to like to go up and down between 1.80 and 2.00 lately, so I was hoping that we would go down no more than 1.79 today before a push up. I wanted to accumulate additional shares today.
In my opinion earlier this week I thought we would be around 2.00 by end of week, or close to it and then maybe over 2.00 the first two days of next week again. I guess I will have to wait and see how next Monday starts out.
Laffs... possibly him trying to cover for sure.
I was just comparing my sells against this site's Trades page and I noticed that all of my shares where logged just before the 1.90 trade execution. Almost all those 1.84 executions were from my sells at closing. Oh it would have been nice to close on 1.90, but I only was asking 1.84, never figured much higher could maybe work. LOL... I am still happy with a $500 profit today.
Holy Cow... Closed @ 1.90.
I did take some of my profit for today at the close @1.84, as it is hard for me know how next week may fall. It would have been nice to get in the 1.90 but I set my limit to 1.84 and trying not to be too greedy for today. I think the 1.90 may have been a trade for an imbalance to even things out somewhere.
I still have a ton more shares than I accumulated today. I just wanted to at least pull in some profit as I could use all I can get here soon, and it is nice to see profit versus a loss, no matter how much profit it may be.
Looks like major accumulating occuring at this time. Many 100 share buy orders executing. I may be wrong in how I am reading it.
gfp027z, I was think the same thing, that they were sitting on a nice supply of them or just trying to short a little. The nice thing I saw right off is that it rose .02 right away so I thought maybe there may be good news after all.
I am a little disappointed to in today as I thought we would be around were we are at opening today and then maybe 1-1/2 hours into the day this stock would rise slightly back to 1.90 or a little over before closing today.
I know we have encountered resistance at the 1.80 level, may dip a bit below but always seem to rebound above it to close, so I am watching to see how today closes.
My buys today have averaged about 1.814 so I am not sitting too bad, I just wish I was able to get more filled at 1.76, as I only received 300 shares before noon today. I found that almost any shares I was able to acquire less than 1.80 was hard to acquire and usually came in as 100 or 200 shares at a time.
As I was typing this up I just got notified that 3 more trades occurred to get my last 3000 shares @ 1.76 executed, bringing my average now to 1.8033 now.
By no stretch of my mind did I think we would be down to this level at this time of day.
Interesting.. bought 2000 @1.81 and the number of shares on Level II did not move at all, nothing changed and my order was filled in whole... not even a blink.
Bid was @ 1.80 for many thousand shares from various exchanges, and only 200 shares available @ 1.81 from one exchange on the Ask side.
I figured with what appears to be a stallmate and not many low Asking bids that it may not go lower so wanted to add a couple thousand.
I do like seeing the stock's Momentum turning back up again on the 50-day chart.
APPA (1.84) I see the stocks 50 day Momentum has turned back upwards again. If you like this stock and the price where it is at, then you may want to get in or back in if you have not already..
As I posted earlier wallstarb, I showed the number of shares available that could be shorted in what I found? You will see that in my earlier post today.
Since you were stating a higher number and was not showing the link to a site reflecting this higher amount, that is the reason I was asking if these "borrowed" shares were naked or not. I posted the links and numbers from each site I was seeing earlier.
Please do not come back and ask how can you borrow naked shares... the answer as you know would be the same back as in how can the MMs short (naked) shares when they do not have. I can only go on what they let me do and in believing there are playing fair.
I was just asking a simple question was all. I am here to help exchange information that I notice, to try and help those on here that I may be able to, as well as listen to others in seeing what I can learn and get from from.
Are you talking naked shorting?
For those that do not know what I mean by that, it is when the MMs give out short sells to others and they do not have the stock shares to cover them. Naked shorting is illegal.