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I never did buy in today. I've decided to pick my entry based on the run I am betting will happen. I'll get in as soon as I see it take off!
Good luck to all that are hanging in there.
You're probably right. So many games!
I guess it depends on how long they take to make a decision and put out the news.
I haven't bought in yet this morning. I planned to sell off part of another position that isn't cooperating this morning.
I'm sure if they don't file BK, it will run to at least 1.00 on the news. That is a big IF though. Otherwise, I don't think this momentum we've had the last few days will even carry it past .50.
This morning's news is certainly having a negative affect on the stock price.
My thinking is to buy in around .41 to .42 and hold it until they either PR they are filing BK or that they have struck a deal to continue on.
This has to come to a head in the next couple of weeks with deadlines coming up June 25th. Plus they said they would have to file before months end if an alternative isn't found.
I can risk a small loss on this position. Plus, it will still trade on the OTC with a Q for quite a while if they file BK, so I just may hold it longer anyway.
My bet here is that they don't file!
This is getting more interesting by the day! I might just have to jump in with a small position tomorrow. Just a little gambling money!
A small position could prove to be very profitable if it turns out they don't file BK!
Time for it's morning run.
This just came in this morning through my TDAmeritrade newsdesk. It covers other companies, but I'll only copy and paste the part on PBMD.
Biological Detection & Diagnostic Services Lead to Potential Revenue Growth as Collaborations and Innovative Product Advancements Are Announced
8:40 am ET June 10, 2015 (PR Newswire)
Technological developments, collaborations and advancements with health care services, environmental, governmental & biological detection systems race to improve services for testing, identifying and monitoring infectious risks, diseases and biohazard threats for the medical & defense industries. Health Care & Diagnostic Research Companies in focus today are: PositiveID Corporation (OTC: PSID), Prima BioMed Ltd (NASDAQ: PBMD), Sequenom, Inc. (NASDAQ: SQNM), Affymetrix, Inc., (NASDAQ: AFFX) and & Agilent Technologies Inc. (NYSE:A)
In other Healthcare services news and happenings around the sector: Prima BioMed Ltd (NASDAQ: PBMD), a leading immuno-oncology company, recently announced that it has made substantial progress with its lead product, IMP321. Prima advises that it has filed a provisional patent application over the use of IMP321 in combination with immune checkpoint inhibitors. This breakthrough science not only bodes well for future clinical work on IMP321; it also offers commercial upside given the widespread expectation that new drugs working through various immune checkpoints will become blockbusters. In addition, this work has allowed Prima to further build on the patent estate protecting IMP321, with patent exclusivity for the product now potentially running to 2035 or beyond if granted and extended.
If you're talking about the recent drop starting on May 21st, that's just the market reaction to an over extended run up in PPS.
The stock ran hard on momentum and enthusiasm. Any time a stock runs up so far, after a few days of no news, it naturally seeks it's true value.
I see it as a positive that it's settled in nicely around $2.00. At least it didn't shrink all the way back down to the .50 area.
I really don't believe there was a catalyst to cause it to drop if that's your concern.
Right! Nothing wrong with buy and hold, but I just can't do it. Unless I leave a small position for long. Otherwise, I can't see watching a big profit disappear after a nice run.
Lock it in, and move on to the next one that's running. Just run a screen on percentage movers, there's plenty to choose from every day!
Right. I'm holding my position until the next news announcement.
Indeed! A new HOD again at 2.35. Up over 9%, and still no news posted yet. But soon I'm sure!
Right! It does happen. I scored big in the past like that with SIRI (Sirius XM) and PIR (Pier 1 Imports)
This one is a coin toss right now, but it sure seems like they're going to be making an eleventh hour deal!
No news posted. But something is bound to be coming soon with the way it's been trading lately. 1.7 million volume this morning now.
Man, I am so tempted to grab a small position here, but I'm tied up in stock that's moving, and have no other available funds.
Watching closely!
Here we go again! Another nice little jump. Although the volume isn't that high this time.
Yep, every time it makes this volume and price surge tells me something is about to happen! News is about to break at anytime now.
The continued listing news didn't do anything for the share price.
Something is obviously up, considering we keep getting these bursts of buying volume.
A little sell off here, maybe some quick profit taking. It should recoil here for another go at the 2.34 HOD.
There's been something in the works for a while now. When that comes to light, then it flies!
Somebody knows, but it ain't me!
Volume alert! The buyers are back!
Back to running nice on no apparent news again. I hope they come out with this news soon!
I think it's just going to bounce around here until news comes out. It needs a catalyst!
Prima BioMed to Maintain NASDAQ Listing
http://finance.yahoo.com/news/prima-biomed-maintain-nasdaq-listing-110000445.html
Almost 5 million in volume already! She's getting ready to go below .30 here pretty quick.
Yep, there are definitely traders speculating and placing their bets already!
EXTREME risk is exactly right!
I was thinking the same thing. I'd wait until it settles lower, but if the company is just doing this to get the debtors to step up to a deal, and they went another direction without bankruptcy......
Man, this thing would fly! A lot of money could be made quickly!
I see it! And I'll say it again! Don't post crap like that without a link.
Don't be lazy......copy and paste the link!!
Don't right crap like that without a link!!!
Good find!
Same here. Still holding.
I think what's had me nervous for a while now is how the company is so quiet. No news or attempt at building confidence.
But then maybe they have been giving information to the institutional investors to keep them feeling secure. Hard to tell.
I'm by no means an L2 expert, but this trading sure is strange. I'm not sure what to make of it.
You're welcome. I definitely hope that something positive comes out here to make it run big. I was definitely tempted to hang on to some shares, but just couldn't take the risk.
MCP is definitely on my constant radar.
L2 seems to be turning more bullish now. Can't hold back the momentum!
2 million volume already and getting pushed down!