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thought it was going to run there... only matter of time eh
2nd free fall could be mounting...
cancelled my .36 order..
TOXIC.
Morning sell-off done. What a Lie! still falling
doesn't look like .40 will hold at moment....
yet it has been a traditional line of support, so perhaps it will
looking like a bounce :)
looking like a bounce :)
Couple of POWR Downgrades today PreMarket. Lake Street Capital and MAXIM Group.
careful
capitulation. comes to mind. then despair... only then will a bounce occur. lol
Not a pretty Chart today!
selfishly hoping for a dip at open. final capitulation of tired/weak long hands.
If that happens I'll be buying in as I figure that is what day traders are waiting for and waiting to see before they jump on it.
JMO
feels like .40 tomorrow. just saying.
I got in at .425 and out at .420 today... no bounce yet IMO
but then again, I just guessing going with gut feel.
I decided I hated it yesterday. on a traders forum and they said. cut your losses and get out. Move On. So I did. took a few $K loss, but haven't looked back.... yet ;)
When is next Catalyst? that's the only problem I have watching this at the moment.
downward pressure could easily just continue.
but then again maybe I am a bit of a bear-monger! lol
Honestly though, when do you really expect help on the SP with News, PR, etc? We've have a week of green in the Market.... can't help but think when the RED starts to run on any given day.... FSPM will suffer
Any guesses on what the bottom will be? been telling myself $3.50
and that is just some guess. at some point a bottom will hit and traders will swarm in saying "Enough is Enough"
can't beat a man who's down, forever.... can you?
maybe $3.50 is too low. $3.73?
In .4250 looking for bounce from here
won't bounce until the profession SHORTS finish with there dirty business.
to easy to walk down the price with small orders and get traders (plenty watching/trading this) to get out
I still think sub $4 is coming.. that's why I took my loss around $4.20
no catalysts on horizon, short of a hail-mary pass and a take-over/buy-out
JMO
saw it climbing on my phone while at meetings today. thought my call was bad.
SHORTS keeping a good lid on this one. think we could be days away from any real change in SP?
..only reason I got out is that I had a catalyst play that is happening today or tomorrow with a higher % gain that I expect to see here anytime too soon.
I'm sure yesterday was just an anomoly it will pop for you today. good luck to you guys!
If it dives again, it won't be good.
question I have... is what is the next catalyst?? at the Moment the Shorts have total control of the share price. seems like it could be another easy 'walk down' until they are finished covering.
Reiteration of price Targets, Seeking Alpha Articles etc... did Nothing.
New Short Numbers out after markets tomorrow; I'd like to wait and see what those are.
most likely foolishly.. I got out at 4.24 and 4.19 yesterday. Took a 12% or so hit, in the end, but had other seemingly more dynamic plays to go after. POS comes to mind
If it drops $4 I'll feel vindicated and will try and catch the bottom. If it climbs back to $4.50+ I'll try and learn from it.. try and trade it for profit
won't lose any sleep either way.
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JMO but the old phrase.. "what are you waiting for?? Zero???"
comes to mind.
GLTA
1M shares traded. shorts are getting out real easy. good for them. they win again
can't really see how it's going to bounce from here. SHORTS are probably institutional and are doing a great job of the slow cover.
just guessing... but it sh
50% out at 4.24 from 4.44
POS.
and we just heard the good news...
my other 50% is from .24 higher. PUH
...think it's at 4.30 p.m.
added. 4.44 GLTA
Very Concerning.. I'd say
lol.. but it's not a joke.
Interesting to see if any Covering by Shorts in final 30 minutes.
exciting times. GLTA
yep. not acting so much like the sure thing, eh
what ever is going to happen will. Will have a clear picture by PM tomorrow. IMO
Avail. SHORTS positions today.
Have been checking Interactive Brokers since Pre-Market.
60,000 shares available at open of PM.
700,000 30 mins before the Bell.
700,000 as of now. No Change.
I usually get concerned when I see shares evaporate, As it appears Shorts are loading up for a Walk-Down.
I take current numbers as a Bullish Sign.
going to Hold my full position into close.
GLTA
Doubled Stake at $4.55
Very Solid today. not much selling SHORTS could be slowly covering.
Great Call ASK at $1 premium PM
Just trading shares I was playing with yesterday. No shame in a positive trade. I try to take away a bit of green on every day I devote to the markets.
I still have my core position from last week that I'm happy to risk on any possible outcome.
and now that we are on the subject..If the outcome was a 100% Bet, Let's see, um... we wouldn't be sitting at $4.47 right now - would we? I'm in other positions that I feel more sure about than CYTK, If I were to be honest.
However, I do see this as a good percentage bet for upward SP movement BUT with the caveat that - for the fact SP hasn't rebounded at all really is a RED Flag. a fairly concerning one, TBH.
hopefully our call on this is a good one and we will be rewarded with a 10%+ return soon.
out 4.36 at 4.44... going to start trading this more......
Added 4.36..... doubled position.
Nice PM paint with 44 shares to $4.72! LOL. hopefully start of a trend!
IT was a executive who has left the company. didn't know this when I first posted.
On camp would say.. yep. what the heck, when you leave you cut all ties..
the other camp would say.. why sell if you thought the price was way undervalued.
UNTIL INSIDERS start buying.. Huge RED flag IMO
Going to add if is drops back a few cents, again.