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I hope you are wrong too.
I think warrant holders are converting, but not selling. Chart says higher, just need to get over $1.75 and buyers will flock back in for the home stretch run.
Scientific Advisory Board:
Dr. Mac Cheever
Dr. Alfredo Quinones-Hinojosa
Dr. Jerome Galon
Dr. Samir N. Khleif
Dr. John Smyth
Two down, how many to go?
Yes, and $1.75 will be resistance again and may take a few runs to get through it. It could become the new support nicely though.
He isn't on the SAB, right? But still surprising in that he probably has treated more patients than anyone, directly. I would think he would be a key expert to review, unless they want outside peer-reviewers rather than someone who has been seeing it in action. Maybe he is too close to it.
Did he say he didn't have the data? Quiet period prevents discussing data or trial but doesn't mean he hasn't seen and reviewed.
I believe the company received the summary tables from the CRO/independent statisticians by end of November...thus unblinded. So, I believe the SAB, lead investigators, and outside experts have had the data for almost 6 months. IMO, this is why several of the head-scratching moves by the company have made sense...investing in manufacturing before topline, for example. They know the results. I am just surprised it would take this long for a Journal piece, if that's what the hold up is.
End of next week will be 8 Months from Data Lock. The only reason I can fathom for offering zero information on where we are in the topline release process is the "100 million short" theory. I personally do not believe in that. Otherwise, why couldn't/wouldn't you tell us where we are in these series of processes?
1. When were you unblinded?
2. Are the SAB, outside experts, and leading investigators done with their review?
If we knew just those two things, we would know topline PR is being created or is already created and we are simply waiting for peer review for article.
Back to lower volume consolidation. Back to needing a REAL catalyst to get moving again. Nothing on the horizon with the "no ASCO presentation" comment. Nothing LL can say at her talks without a company PR releasing new info first. So, here we are again. What are the timeline guesses now that we are approaching 8 months out from data lock?
I think we have attracted a group of swing traders who see an opportunity in the stock. I expect this will add to volatility in short term. The more attention we get, the bigger the moves, in both directions, IMO.
Thanks, I know you are heavily invested and close to the company. Yes, I am frustrated by the lack of communication, but I believe in the science. If they said in October, "we expect to have topline by next summer," I would have just sold or waited. The silence is deafening.
Seriously, Thermo, are you not upset about the ASM? The ASCO comment? Not even one mention of timing or where in the process we are?
Just need to let all the stops get taken out and day/swing traders exit and move forward to wait again, for whenever they feel like giving us an update.
It's shocking to me that LP was talking about Direct and Sawston with no guidance for the elephant in the room....PHASE 3 data release. It almost gives the impression they are holding results to get past mediocre data only to have the prospect of more trails and the ability to manufacture. I don't believe that to be the case, but it's undeniable that using a self-imposed "quiet period" to avoid all questions about data lock that happened 7 1/2 months ago is ridiculous. It gives fodder to those who think this failed. I think LP is a terrible CEO, sorry.
I had pushback yesterday morning when I said this:
"I expect nothing new today at ASM. No update on trial, per last PR. No update on Journal...trial related. No update on timing of anything. The only good news is time is ticking and we haven't had any bad news. If we get even a small nugget this afternoon, price will probably hold where it is. If we don't you know there will be some selling. In this case, selling on no news."
All proving to be true. However, I believe the run up had a combination of someone accumulating shares and dat/swing traders jumping on board. We saw over 1 million shares sold in the last hour of trading alone. A lot of those swing traders should be out. The only selling today would be angry longs and I just don't see it. MM's will try to encourage it (like the pre-market bid/ask), but it will turn out to be a buying opportunity once the early selling dries up. JMHO.
Yes, afternoon will be a tell. However, unless there is a break from quiet period this afternoon, I doubt we hear anything new from LL tomorrow. She cannot say something the company hasn't, right?
Yes, volume has dried up for now. I expect another push through $2 into the afternoon. FOMO, LL talks upcoming, and any potential scraps of info we can glean from ASM....
The key this morning, IMO, is that we poked through over $2.09, previous high after run to $2.50. It is now easier to get back through. 2.5 million shares in the first hour is the most since October 12th last year before the big run.
Most volatility I have seen in years. There is a battle going on and I think the longs will win!
First push back to $2 was rejected, I expect a few runs at it today.
strong open again, 250k in first minute!
Just stating the obvious, not the pump hopes of most here. Setting the realistic expectations based on multiple attempts by the company to say NOTHING can/will be said today. Those who believe otherwise or are here for a potential swing trade may sell when nothing is said. That's all I said, and it is true. I hope I am wrong and LP releases topline today but i think the chance of that is near zero. We aren't there yet.
I expect nothing new today at ASM. No update on trial, per last PR. No update on Journal...trial related. No update on timing of anything. The only good news is time is ticking and we haven't had any bad news. If we get even a small nugget this afternoon, price will probably hold where it is. If we don't you know there will be some selling. In this case, selling on no news.
Ok, buyers are biting off chunks of the $1.99 offer. Let's see!
Non-Accelerated filer is 45 days from end of quarter. TODAY. However,
Does the "smaller reporting company" checked box allow any more time?
Not sure they are required to release today. Unless their filing status changed I don't think the HAVE to file until 5/31....
Power Hour starting soon. Does it carry through $2 again? 7.5 million shares traded already. Do we hit 9 million?
I am hoping in another hour we take another run toward $2 and try to end HOD.
6 million shares in one morning, only taking a pause for slow lunch trading. I expect another run over $2 this afternoon and a 10 million share day.
3.6 million shares in first hour and every ask taken down. There is one small potential resistance at $2.09 from last October action, but doubt it plays into the big picture. Just hope we don't have a lot of day trader action here....
Almost 2 million shares in 40 minutes. So far, prediction was right. However, I think $2 will be a bear to get through. Hope I'm wrong.
107,000 on ask at $1.80. Someone doesn't wan this to go higher.
Shares piling up at $1.80 wall....
Just hit $1.80, matching high of year. We will see another jump if we get through it. picked up another 2300 at $1.73!!
unload?
I have a little more dry powder for this morning.
If we break through $1.75 with volume, $1.87 is next and last resistance to $2.50. Could see a run toward $2 today into tomorrow mid-day, IMO. I do expect a bit of selling tomorrow afternoon as there will be those who believe no new info from ASM will bring selling pressure.