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Naked Short Selling is rampant on the pinks where there are no rules and no one regulates or cares. Plus they can easily fly under the radar, not that they need worry about it. JMO. Doubt thats the issue here.
You've been spot on up to this point B. Keep it up :).
I do not disagree. Yes the short position is huge and under the right circumstances will cause an explosive move upwards no doubt about it.
Other than next Thursday, I don't see any news events until 2016. I'm not expecting anything major next Thursday either. Standard update news, but the surprise is still sometime down the road. What are your thoughts?
Multiple tests of the 1.19 area now in full swing. Let's see where value and buy volume kicks in if it does.
Test that 1.19 area, no surprise, could take some time to do. Testing the resolve of recently invested people. Hunt for those stops! Who actually is crazy enough to put that information in the hands of their brokers?
Higher highs with higher lows. Get that 200 DMA turned up and there will be no doubt. Seems to want to move that way. Fundamentals doing their part, technicals moving that way since they are a reflection of what the fundamental picture is painting. Could close negative but I would not expect today's action to negate what the movement was yesterday. Of course we are talking about a Biotech here. Surprises should never come as a surprise.
Oh and to the person who will eat their hat if we don't breach 1.50,,,,, Ketchup or Mustard?
With the size of some of the blocks traded, there is a strong argument for your point. Could very well be short covering ahead of the next news event.
You're welcome. Good call. Everything points up steady from here. Today was a sprint of sorts. Now we see where the near term finish line is for the first day of rest and test new consolidation/support levels. Above 1.19 now puts us in a vacuum to find resistance within the trend. Of course all bets are off if the company releases unexpected positive news. Encouraging day nonetheless, let's see how much strength it still has.
This is what should be happening. Still cautious near term, but trend should continue. Chart has been building a solid base and technicals are indicating strengthening momentum as well. Good call B. Strongest moves come when you have a good marriage of both fundamental and technical aspects like we have here in my opinion.
They need to stop making positive announcements with this type of reaction. Amazing.
I've been looking for an update on Xoma-358. It's nice that it's been announced before year end. It was mentioned by JV I believe in one of the company PR's about making this announcement in 2015. Nice development and moving in the right direction. Should put a solid floor under the pps. We still need to see how this manipulation of the stock goes from here. I would think we should see the stock begin a steady uptrend.
Not seeing it in the short term through the 2nd Q 2016. Need more of a catalyst to turn the corner here. Price action today again shows no new story here that moves attitudes. The company will have to provide that catalyst, and I don't think they're far enough into their new strategy to provide any updates to bring the next catalyst public. They will in time I believe, just not now. Could be wrong, however that's not the case now.
I agree. You would think so, but at what point is that realized? Your arguments should and do make perfect sense, yet here the price sits at this mind boggling level. Yes the news is fantastic, the chart is poised and ready as well. Let's see what today brings.
9+ Million shares traded in the last 2 days and we are barely over 1.00. I'll stick to my prediction, we close under a 1.00 by closing. Making home in the 90's, incredible.
I sometimes hate being right.
Then let the pps really start to reflect that. So far it hasn't. The progress from development into commercialization is pretty clear at this point. This last deal bears that out. However we thought that with gevo as well. Remember the reaction from JV when the endpoint was not met. Nobody saw that coming, but yet it happened. That is in the past and their pipeline is very strong from where I sit, so no argument there. We should not be at 1.05, that's just absurd to me. At close on Friday, we'll see. If volume precedes price, the price has some catching up to do.
Tomorrow's prediction and Friday as well. Thursday close at 1.00. Friday close below 1.00. Whoever is driving this ship is not ready for the news to be fully impactful on the pps. Position squaring, accumulation, whatever it is makes no difference. Great volume today should have seen a strong move up. That's not how stocks trade anymore. Any semblance to normal market activity or stock activity died long ago. Those dynamics don't exist. Until any other news of any positive slant comes out, we drift rudderless. Life in the markets and stocks like xoma.
Another day of manipulation at its finest, impressive.
Approval for what? Or are you just agreeing with my post? I'm assuming it's the latter.
Yes, interesting after hours action. Follow that up with this morning showing +.11 in the pre market on 24+ K shares. So what's up? News coming? Long term we know we are good here. We know manipulation is in play and the sell off from the EyeGuard B study was grossly overdone for obvious reasons. So now have we hit the moment where things return to some sense of reason? Let's see where this goes.
Going to close in the 90's again.
Just doesn't want to stray too far away from the 90's. We may be here for awhile still. Until more updates, we stay put.
Let's see if this is the close over 1.00 that starts the next leg up. Without updates it will be tough.
The comment still holds, making home in the 90's for now. I would bet no news on Monday. Probably for awhile.
No argument with that. Bring on the news then.
From your mouth to the almighty's ears. You may be onto something. We will see.
Teaser, cruel. ??
Based on what new info?
The 90's, making home.
Manipulation? Oh yeah.
Based on what? Things are looking positive long term I agree, how positive remains to be seen. I suspect the near term may still be choppy until more updates are released. Also investors are conditioned to be wary and skittish during the month of October. Add to that year end tax loss selling and general malaise during the holidays like usual and you get that swimming upstream against the current feeling. If they put out some good news then we can move, but in the absence of that, choppiness.
High of the day. They have not shown a desire for this to move back above 1.00, much less let it build from there yet. Maybe that will change with more news. Until then we stay range bound.
I tend to agree with you, but with this manipulation who knows?
Back to the 70's. Wash, Rinse, Repeat. Manipulation at its best.
So now the road to higher pps is being paved. As more news/data is released in the months to come, xoma moves into the commercial aspect that we expect. Traders paradise for now. All good.
According to Varian, company is in rebuilding phase. Lack of news equals stock being adrift and no clear direction. Accumulation is suspected by some and maybe lightening up on positions by others. We may be in for more of the same directionless trading for a time. No way to know. They're working but not talking. It is what it is.
Bottom Line is its a new focus for the company. The strikeout occurred on the Gevo trial in the bottom of the ninth with the bases loaded. Okay so that game ended, now next game in a perpetual season. Adjust to the new reality and bring into the new game the other players in your pipeline and go win. Why all the distractions? Shorts won the last game, that's over. The battle goes on, we wait for news with the candidates playing now.
Let's see a return to the fundamentals based on the strategic plan going forward. Maybe some more clarity before the end of the month. Some data releases prior to year end. Don't see the price doing much until then. Will take some time to recover any significant value, which was reinforced by the CEO in the CC about being very undervalued. I follow his logic, so now show the value moving forward and you will get to where you want to be.
I think we hopefully we now have stabilized or are winding down that process. Would not be surprised to see the stock move sideways for a period of time. Need to see more clarity on how the go forward is going to play out. Get some positive results and we recover faster. For now we stay range bound.