I am a psuedo-positive long!
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Just took a look at SPRT. Looks as if its in its second leg up. If NAOV follows this pattern we would need a breakout and close above $4.00-$4.20.
From there, it would double (I'm looking for $9.00) if it follows SPRT's chart
Thanks for the update
Not sure what that slam down was all about. I see all the "sexy" stocks were taken down. NAOV bounced right off the lower end of the channel and is still intact. If we finish green today, we could be in for a very nice bounce
Took a second look. Entire market got slammed down. M,GM,F all went down
Thank you for clarifying this!
Can you please explain what this means. I dont know what these numbers mean
To me it looks like its the market maker shorting NAOV down to acquire shares at a lower price. There have been alot of shares traded over the last month and the share price has held its upward trend. That tells me that the recent months trading has put alot of shares in strong hands.
Today we broke and finished above the previous resistance of $2.90.
Tomorrow we dance.
Looking for a 10% increase in share price
Patience....Prior to July 23, NAOV traded approx 200-300k shares per day. Since then the low volume days are 6mil shares plus. This is being accumulated for a larger run. Short term I can see $4.30
With all this high volume the last month, I have to believe big hands are accumulating. Daily chart is still intact as today we bounced off the lower end of the channel
Market Maker has competition at $2.60. Will not sale his shares at that low
And here we go again with the stair-stepping it down
I wasnt able to watch the share price today, but it looks like accumulation. Im thinking our rebound was cut short by the overall market turning down. The long tail could signal a reversal. Chart is still intact
I'm seeing same set up as BTBT. NAOV has so many less shares. Today should tell us alot
Daily chart still looks OK. Most sustained volume in company's history. Looks like accumulation for another run. Break $4.00 and we could see $7.00
Some very strange trading going on here. Looks like MM slamming it down to grab shares
In at $3.02
Here's my two cents
I believe there is approx. 10-12 mil shares outstanding right now with Novartis owning 2.6mil shares and other institutional investors owning approx. 5mil shares. That's approx. 58-70% institutional ownership. That's a lot. And that's good. IMO, these institutions would not plunk down $12mil dollars if they were not sure this flu vaccine is not legit.
Next, I believe ALT is worried about a hostile takeover by Novartis. Prior to todays offering, Novartis owned 35-48% of the outstanding shares. With a few million more shares purchased on the open market, Novartis could own over 51% of the company. This new offering has changed that.
And finally, this new placement give ALT approx. $45mil in cash on hand. That is a lot of working capital to start production of its nasal spray. In other words they could be going this alone.
12mil outstanding shares is still a very low float, especially considering the Institutional ownership. Do I wish I sold this morning in the pre-market....yes I could have doubled my share count by buying back in and took my gf out for a very nice dinner. But I didn't :( but im not selling.....Im going to wait and see how this all plays out.
Cheers
Chenzo
Someone just purchased 72,000 shares at $3.26 AH
This is going higher!
Cheers
Chenzo
Buy volume 61mil
Sell volume 73mil
Cheers
Chenzo
that's what it looks like
Looks like the dumping of shares has stopped. There's a lid on at .019.
If it can break that we might run. Who knows, maybe turn green
Cheers
Chenzo
In @ .0181
Cheers
Chenzo
I'm waiting for .018. That should be where people throw their hands up
2.2mil shares waiting at .02
Cheers
Chenzo
He is....I believe he has inside info and his posts alert shorters to pile on
Cheers
Chenzo
Three posts from Clay Trader since yesterdays close. You had to know this was going down big today.
Cheers
Chenzo
They sold and are now out playing golf!
Cheers
Chenzo
So what happens to the SP if management comes out and says its going back to its old model/monthly subscription package.
That they have realized that the new model is wrong and they are now moving forward, focusing on gaining higher subscription numbers.
Cheers
Chenzo
I'm in at $35.42....If this does go green today we will see $50.00 next week
Cheers
Chenzo
Just stopped in after I gave up on this nonsense. Love your post and agree 100%. I've often said so but was always bashed down
Cheers
Chenzo
Moved 5% this morning on less then 110k volume. That's $120k that made that move. The stock is now in the hands of those who know to move it. Today was just a test run. The small float is locked up and they will let it run with news.
Money to be made here but it wont be on a short squeeze. Short % is less then 4%.
Cheers
Chenzo
Watch what me and my boys do now!
This very may go up tomorrow, but it wont be because of a short squeeze. Only 3.4% short interest prior to the fall and no one is shorting a stock that fell 90% prior to the opening bell. People might take you serious if you could posts the facts
Cheers
Chenzo
Just because they said they would not be making an announcements til mid May doesn't rule out news before that date. If they ink a merger deal this weekend or decide to review the results of the failed trial they will have to release that news.
Bottom line.....if they company has significant news regarding the company, they MUST release that news to the shareholders within 10 days.
Cheers
Chenzo
I still do not believe that institutions and insiders sold after waking up to a 90% drop. It just doesn't make sense. Why salvage 10% and take a 90% loss when you can hold, add more, and wait for an update. If the PPS is still this low at the end of the year, sell and take the loss for tax reasons.
I keep waiting for the 10K to come out with a share dump. Not hoping for it, I'm long, but it wouldn't surprise me. That would explain the volume, and the buying.
Two other things here: There was very little short interest. Etrade has it at less than 4% prior to the drop and I find it hard to believe that there were people who shorted and took the risk after a 90% drop. Unless they knew of a new offering of shares. Thus, no short squeeze.....
And finally. Anyone wonder why there are no posters here who owned the stock in the $15-$17 range? You'd think there would be a few who are pretty ticked off. Hmmmmmmmmm!
Cheers
Chenzo
Companies, especially bio techs issue shares to institutions and hedge funds all the time. These deals are prearranged. $88 mil can go very quickly without anything in the pipeline. Do we know if these phase 1 trials are a similar technology to the halted trial???
Cheers
Chenzo
I see the chart but still find it hard to believe that they woke up Monday morning and took a 90% hit. It makes more sense for them to buy up more shares and pump the stock with a press release, maybe say something like "we hope EDGE would re-evaluate their decision to stop the trial, we feel the program had great potential"
There is always the possibility that EDGE issued more shares to these institutions. That would initially keep the price down but I would still be looking for a pop so the institutions can recover some of their money.
All just speculation on my behalf based on my experience with the market.
Cheers
Chenzo
Void of posters is good. Means the stock isn't in the hands of the bashers/pumpers. Still don't believe that institutions sold at $2.00 and took a 90% hit. I believe they bought more and lowered their cost basis. This will move up IMO
Cheers
Chenzo
Its not being delisted into the grays. The ADR is no longer being offered by Bank of Melon. The ADR was a way for US investors to invest in National Bank of Greece. NBGGY felt it was too costly to offer the ADR so it was discontinued. The only way to invest in NBGGY is through International trading on the Athens exchange.
I don't trust NBGIF. It does not have enough liquidity for the amount of shares I will own
Cheers
Chenzo
Fidelity.....
Technically, the ETE chart broke its five day downtrend and formed a doji. Could be signaling a reversal. Wouldn't surprise me at all if this moves up after screwing investors in the States.
Cheers
Chenzo
NBGGY, the ADR stopped trading last Thursday, March 15. I believe that is the price anyone who still had shares will receive. Minus fees of course. And this is just my opinion.
BTW.....My buy was hit last night. 90,000 of ETE at .262
Still nibbling
Cheers
Chenzo