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Two 100 share trades in a 5 minute period. Smoke signals being sent out by short, "need shares bad". Yes, they do, just let them take yours!
PPCH is being heavily manipulated IMO. Shorts are in a pile of trouble and are able to manipulate the price by massive selling. The trading is a mirage intended to persuade investors that people are dumping, when in reality nothing could be further from the truth. Shorts are dumping, hoping to shake investors out of their shares I believe....Patience. This won't last forever. They will have to cover SOON.
Shorts stumbling over each other here trying to manipulate that ask....Too funny!
Shorts caught with their pants down yesterday. This morning desperate to scare people out of their shares. I really don't think many are falling for it. Just shorts trading back and forth. When they have exasperated themselves, you'll know it, the pps will spring back to .065 in a flash, and probably break through .07 quickly.......I doubt this is going to last long. They are in deep trouble, and know it!
Shorts using NITE to try to slow it down. Gonna be a hard days night for shorts here. If we see capitulation, the squeeze could be on to remember. Could run like lightning!
Smell the fear! Shorts desperately trying to hold this back, but too much volume. This could get completely out of control today! If we have volume of 40+MLL---could make a serious run at .10
Quality post Rakeman! Sound rational, and reasoning. Huge news yesterday indeed! This mornings PR is going to ignite a wild day I believe---.10 is not out of reach by any measure. Volume will tell the story!
Paradigm Shift for Propanc as a result of yesterdays news. Yes, PPCH will have to be seen far more seriously than it has been. The SeeThru Equity 4th Annual Microcap Investor Conference on the 28th this month in NYC is going to be another catalyst to drive the pps likely above .10, and perhaps a lot higher. Phase I human trials are now not a distant possibility, but a highly probable event in the NEAR TERM. Anyone who invests in biotech knows this, and will be anxious to take positions on any dips, so you may be sure they will be short lived, no pun intended! This mornings PR only will magnify momentums upward pressure. If it trades 50MLL today, or any day this week, it could easily surged through .10 and run wild. Momentum will feed momentum, and biotechs have written the book about "irrational exuberance".
Todays PR is going to rocket PPS; would not be surprised to see a serious run @ .10 today!
Mainer57, interesting point, but realize that PPCH is setting right now @ .058 not 1.78. Is PPCH going to make it successfully through Phase II or III. Who knows, lots of hoops to go through over the coming months. But @ .058 the RISK vs REWARD is extremely attractive! Is is not uncommon at all for a biotech that is even in Phase I to be valued at 10x's what PPCH is currently! Is PPCH going to be the proverbial Home Run out of the park????Who knows at this juncture, but it is certainly grossly undervalued at .058 I believe.
"Propanc" or "the Company" today announced the first set of results from its series of animal studies, with PRP showing no adverse clinical signs at the maximum tolerated dose (MTD) in mice when administered by I.V injection."
This is HUGE news for PPCH and is going to do nothing but open many doors and wallets for the upcoming Human trials to begin, Phase I is I believe scheduled for 3rd quarter 2015. It's all about Risk vs REWARD at this point, and I believe the Mkt likes the way the Reward looks right here!
PPCH delivered the goods and the mkt loved it! Look at that chart and what does it tell you??? Retrace is underway with a very likely retest of that high of .10. Depending on the short's fear factor, that .10 could go down this week if we see a 50MLL day.....if a genuine short squeeze it could be an absolute jaw dropper! I believe this is only the beginning.....We are headed much higher prior to the conference I believe!
MM's seeing easy money here the rest of the week, bluff tactic in mode.....scooping up flippers shares, that they will chase tomorrow!
Just what the doctor ordered! Wow just got back. This run is getting started with a BANG but it is only beginning!!
Yes we have ignition! Launch underway.....if we hit 20MLL this afternoon, .06 may be taken out too!
Oh yeah, here we go! This is going to run right up to the conference I do believe. Volume should be explosive this afternoon, could easily take out .05. Major run getting underway I would think!
Great News! Now we know why the short attack last week. They need shares desperately, and will now be hard-pressed to get them...Table being set nicely for the upcoming conference. This news will be a catalyst for increased interest from many parties! Should be the trigger to break through the .04's and the .05's won't be standing long!
MELBOURNE, AUSTRALIA / ACCESSWIRE / May 5, 2015 / Propanc Health Group Corporation (PPCH) ("Propanc" or "the Company"), an emerging healthcare company focusing on the development of new and proprietary treatments for cancer patients, today announced the first set of results from its series of animal studies, with PRP showing no adverse clinical signs at the maximum tolerated dose (MTD) in mice when administered by I.V injection. The MTD is more than twice the human equivalent dose administered to patients at the Dove Clinic for compassionate use.
"These findings are significant, because it gives us confidence that PRP appears to be safe and tolerable when administered by I.V injection at higher doses," said Dr Julian Kenyon, Propanc's Chief Scientific Officer "Furthermore, we can now presume one hundred percent of the drug has been absorbed into the bloodstream. This is not the case when I first treated patients with proenzymes with a suppository formulation at the Dove Clinic, which is expected to have a lower absorption rate."
Prior to the MTD mice study, the two proenzymes were individually assessed to measure activity in cell culture studies, with both active ingredients displaying inhibitory activity in pancreatic and ovarian cancer cell lines.
"These studies are structured to give us valuable information about PRP when administered by I.V Injection," said Professor Klaus Kutz, Propanc's Chief Medical Officer. "We are generating important information for the various regulatory agencies, as well as potential licensing partners, which provides a solid data package and a rationale to support the progression of PRP into human trials."
Nice call Jack! We just need volume...If we get 15mll plus, I think we could make a run @ 5 this afternoon
BoomBaby was that your 200k?
Clarification. Did you notice that the "gap" did NOT fill? That is the mantra for shorts, or those who have missed a move. PPCH appears to be ready to retrace, and it can move quick. If we get any positive news next week, it could very quickly be looking at new highs......Shorts will have to chase, something they dread, but know is coming......Have a safe restful weekend!
we've got a lot of shorts in deep trouble. Could run at any time.
nice!
correction, that was 767,000 on the bid @ .031 ask was I believe .033
present bid .0339 ask .0345
767,000 on the bid @ .0365
Something obviously going on here. Short are in deep trouble here, and they know it......May have a news leak
current bid .0324 ask .0325! MM's may be ready to take er up!
MM's really playing with this. At around 353pm this afternoon, I put in an order to buy 82,000 shares at the ask, .028, and my order filled 17,000 @ .027, and the rest @ .028.The MM didn't want to fill the entire order @ .028, and there were a couple other good hits @ .028,but they were holding it there.....They must still be very short and under supplied for the next move up. Any positive news and PPCH is going to run hard again.....Volume is allowing them to control the pps right now. That could change any day....
See that bid for 800k+ @ .08 for just a minute? Somebody is desperate to cover here but without much help!
MM's sure had the 30 yard line stacked trying to prevent it from a close above ,03. They must be short deep. Hopefully we get some decent news this week to take it back over .04 and beyond!
Drifting lower on minimal volume is basically meaningless. PPCh will move with news, and we will likely get something note worthy this week, and if substantive we will likely retrace and test recent highs....But then, we all know that don't we??? Ready to explode any time!
Low volume manipulation, nothing more. Too many want in, look for afternoon buyers to take it back over .04. Could make a run @ .05 depending on volume.........Chart looking very good indeed!
Buyers will have to take the ask, the cheap shares are gone. Still some very large bids just below the ask, hoping, but following the retracement. Sure looks poised to break out above .05 tomorrow. Very solid support above .04 today!
2mll on the bid @ 33! That is what I call a serious buyer, is that you apostle??? This could really run today...........watch that volume....
Jack I have always appreciated your input and analysis of PPCH. You may be right, but I know for a fact that the "money-runners" paid large fines and went to jail regarding manipulation of AMBS last year. It does happen.
Filed a complaint with the SEC, took 15 minutes. Do it!! IF they hear from enough people, they will investigate. People need to go to jail.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105007940
Your cyber footprints are still there and can't be erased. Click that link to complaint and demand action from the SEC. It does work if enough people pound the table! Just DO IT!!
Take the time to act today. Fill out a complaint and demand action!
https://denebleo.sec.gov/TCRExternal/disclaimer.xhtml
Contact the SEC, this is clearly manipulation which is illegal, and people need to go to jail It happened with AMBS and the money runners....don't just be angry, direct your anger to the SEC and demand and investigation!
Shorts desperate to take it down, trying to shake people out of their positions so they can cover. Don't be fooled, they know this is heading back up to .09+ soon, and need to cover. Let them trade between themselves, and use their own shares, and not yours!
Propance may submit to FDA for IND, http://en.wikipedia.org/wiki/Investigational_New_Drug
Interesting possibilities treating diseases with high mortality and no efficacious treatments.
Shorts seem to have no fear taking it down. There certainly is not any bad news that has been disclosed. It sure seems like the MM's may be in so deep that they are desperate to hold down the pps hoping for a lull in the price surge to cover. I think they are just trading between eachother biding time, hoping for a better opportunity. Took the opportunity to pick up another 80k late in the afternoon. They will eventually have to cover, and that will be sweet!