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It will be interesting to watch the price action EOD...whether a selloff or a rise to the finish.
Try as they may, the shorts are swimming against a strong current. The spreading news will generate continual demand, more than they can swallow... then the flood gates open wide when the 12/26 data is released. And they are without life preservers!
How long can AXON keep the charade going before the hedgies bail and migrate to AVXL...
I don't really care what the price does on this news; I'm waiting for the data before I even consider pealing off any shares.
You'd think there would be a lot of retail demand at the open; most can't buy premarket...
Might this be another 8M share day?
Tell us something we don't know.
Certainly, that's a reasonable prediction. However, we're in a different situation than November. 1) SP is low, not high and 2) this recent news is providing further ammo that the drug works...and the likelihood that the data will be great. Knowledgeable investors will likely want to get in early, ahead of the data (believing there's a partnership in the works). Add to this the amount of retail demand that will be generated if this news goes viral...which it likely will.
Only a fool short would try to step in front of this train, when they know the 12/26 train is on its heals.
I got it... and you're correct, if negative (or even neutral) news is published about a biotech, the stock would absolutely tank.
My example of "wanting to buy at 5.15" was hypothetical. I'm already fully loaded, much lower.
Since I can't see L2, I was just asking... if I wanted to buy 10k (all at once), I doubt it would all get filled there, due to lack of sellers.
It's going up now; case closed! :)
Yes, I'm very familiar with limit orders, etc. My question (really my point) was directed toward the low volume and low price action at the moment... believing that there just can't be all that many shares for sale at THIS level.
In other words, it should start to rise now...
Yep, exactly. At this level, it's difficult to imagine that people are willing to give up their shares; thus, only a few thousand shares would likely get filled at, say, 5.15.
I should probably invest in a Level 2 service. Any recommendations?
Yes, typically, but the action today indicates very little selling.
I've also encountered situations where if you put in a large share bid, the price moves up.
If I wanted to purchase 10k shares at 5.15, can that be accomplished? Are there that many shares available for sale at this level? I don't have Level 2.
Logic would suggest that, since good news could come at any time, traders would want to be accumulating at these low prices for positioning. Can't imagine anyone wanting to go into Monday with a short-only position.
Calling off the dogs for the day; they're exhausted. Up from here...
Yeah, at some point the nonsense will end because REAL buyers will come in and mess up their little game.
Why couldn't they just continue this charade... keep driving the price down between computers, using only a few thousand shares, until they drive it down to $4 or so? Seems they could drive it to where ever they wanted, no? Just look at AH now...crazy!
It would interesting to know just how many of the "same shares" are traded back and forth, between HFT computers, to create the illusion of volume. Perhaps 20k or less?
Seems the 2-100 blocks at 5.23 were added into your 1758...
16:00:01 $ 5.23 1,558
16:00:01 $ 5.23 100
16:00:01 $ 5.23 100
Two Form 4 filed on 4/18.
Athanasios Skarpelos, 50k shares (options)
Bernd Metzner, 50k shares (options)
Okay? When you find what it means let us know...
Also, 3824 for ANTH and 3782 for SYN. Let us know what those "codes" mean, then we can all get rich! :)
Thought I saw something about a Dr. Thomas exercising options...
There was an earlier post about the abstract...
secretariat.camerino CCN
8:56 AM (8 minutes ago)
Hello, there will be an abstract only at the beginning of the symposium printed in the abstract book.
Thanks a lot
Organizing Committee: Angeli P., Caprioli G., Del Bello F.; Giannella M.; Giorgioni G.; Petrelli R.; Piergentili A.; Quaglia W.; Thomas A.
Secretariat:
Tel.: ++39-073740-2237/2368
Fax: ++39-0737637345
http://www.unicam.it/farmacia/symposium/index.html
Insider purchases seems to make the most sense... being a fixed amount of shares each day.
It's also a distinct possibility that the Conference doesn't want to put out such amazing news prior to the event. We'll know soon enough...
Good news indeed! Otherwise, why go to present bad news; makes no sense.
This is the 5th day in row that a trade occurred shortly after the close with exactly 1558 shares.
Does the NASDAQ site not report all of the trades? I've listed the same timeframe below and the 31,487 and 6,700 share trades do not appear... Might those be fake bids/asks?
13:59:37 $ 5.59 200
13:59:34 $ 5.5899 100
13:59:32 $ 5.5899 100
13:59:31 $ 5.5899 100
13:59:28 $ 5.5899 100
13:59:27 $ 5.5899 100
13:59:23 $ 5.5899 100
13:59:20 $ 5.5899 100
13:59:15 $ 5.565 100
13:59:15 $ 5.57 100
13:59:15 $ 5.58 100
13:59:15 $ 5.58 100
13:58:09 $ 5.58 100
13:58:09 $ 5.58 100
13:54:52 $ 5.575 100
13:54:52 $ 5.5702 100
13:53:21 $ 5.58 100
13:52:10 $ 5.56 1,094
13:51:19 $ 5.5601 1,000
13:46:04 $ 5.56 100
13:45:57 $ 5.55 100
13:45:48 $ 5.5399 100
13:45:48 $ 5.5399 113
13:44:13 $ 5.5299 1,000
13:44:02 $ 5.52 100
13:43:17 $ 5.5299 1,463
13:43:17 $ 5.5299 337
13:43:17 $ 5.5299 100
13:43:17 $ 5.5299 2,900
13:42:17 $ 5.52 100
Agreed...
Cbd, are you a subscriber of Falcon? If so, how many years...and do you feel it's a good value?
And an "AVXL" license plate on your new Porsche? :)
thanks for the info!
We're like a bunch of kids waiting for Christmas! :)
In this case, it's call Chris-Missling!
Might hedge funds communicate in code with their trades or are they so blatant that they just pick up the phone and conspire directly?
I'm thinking that several lost their shares to stop-loss orders, thinking that $5.45 was surely a safe level to put a stop in. NOT with this stock! Don't use stops if you don't want to lose your shares...just hold!
Amazing manipulation on only 150k shares!
When, very likely, it was AF, JF and their hedgie buddies who arranged for all the pumping!
Not saying Agora was wrong... just the way they did it looked unprofessional.
I think you're right. Though we've only been focusing recently on the hit pieces, we clearly know now that AVXL was pumped up in October prior to the organized takedown (I'm sure by the same cabal). The scammers work it both ways: pump it up to get more retail buyers in, then pull the rug out with fabricated negative news.
When people/scammers were calling Anavex a "pump and dump" stock, it was in reality a reflection on how the scammers were treating/playing it; NOT a reflection on the company (though that's how they characterized it as part of the fabricated scheme).