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Having cash on hand and the ability to raise cash is great negotiation leverage. They will keep their options open though. I don't think that statement should be taken out of context.
The only people that told you that were on this board. Management has not said anything about their intentions with the S-3. I'm sure they are keeping their options open.
I tend to find the most difficult part of pre-rev biotech is not over interpreting the situation. I have a lot tied up here as well, and could easily imagine a best case scenario with the tools, personnel, and resources ONCS has put into place. With that being said, I will base my strategy on what is tangible. Right now I see superior data, no partner, and an easy outlet for cash if the pps returns to an acceptable fund raising level. I have a segment of shares that I will hold optimistically, but the rest I will use as situations change. If they use the rest of the S-3 in a partnership deal than I wont let a single share go, but until I see that I have to expect another dilution before a phase 2 trail of any new study.
ONCS has between 1/2 and 2/3 of the outstanding S-3 available. S-3's have a 3 year maximum life span once enacted. ONCS is ~3 years away from revenue that would cover operations.It benefits ONCS greatly to bring the share price as high as possible. It would result in giving up less of the company for the same amount of capital in any subsequent dilution (assuming no partner).
Maybe, but Wallsteet seems to think that interest rates aren't going to change until 4Q2015, judging by the bond options that are being purchased right now. If the fed deems that we have less slack in the labor market due to fewer than expected baby boomer returning to the work force and the high disability claims, than they are going to way over shoot their inflation expectation. They will need to raise interest rates by the 2Q2015 at the latest. The big issue is they wont know if they over shot it until it is too late. I'm hoping they go on the conservative side and quit pushing for full employment, and begin raising rates to stay ahead of inflation. If they do this I think we will see short term volatility which is usually harshest on the small cap companies.
Big day today with Yellen and the fed. Hopefully she doesn't talk about biotechs again. Seriously though, depending on what she says about interest rates, inflation, and labor slack we could be very volatile. I've been hearing a lot of buzz about a monetary policy change taking place today.
I just don't think we will get the buying pressure today and tomorrow to hold the gain this week. IMO we may not hit .4 but we will get somewhere in the neighborhood. In the long run you cant lose buying in the .4s and holding long. GLTU.
Tomorrow may be a good day to buy more of your shares. I think we will see close to .40. IMO we will move down about half of the gain today and the rest tomorrow.
IMO we have seen the bottom, and this cannot be pushed any lower. The sellers are gone. However, I do think we are going to be stuck in the upper .3s through the mid .4s until we see a large volume support over 3 million for a few days in a row. IMO these run ups on 2-3 million shares are probably traders playing resistance and support levels and MM's covering short positions. The volatility this low has been surprising. The volume is just not enough to sustain a full trend reversal. I do think we are nearing the end of this though. I wouldn't want to be short or without shares through September.
Great close. Hope we can hold this gain.
EOD volume would be a very bullish sign for the rest of the week.
Where do you see our short term resistance?
Starting again today on low volume. This should be our range until we see a few days of volume over 3+ million.
INO is having a nice response to the insider buying.
Which is my point. Assuming this is a strategic gathering of shares, which I believe it is, they have done a great job executing. Spammed YMB to the extent it was unusable. The timing with the s-3 allowed for a further push down, then Punit gave them a gift saying no news until September. Someone is going to make a killing on this. We will hit 1million shares traded in an hour today under .40. Even though I do not like or agree with it, I have to give credit to someone that is good at their job.
I've got to admit, if this stock is being manipulated to shake out shares than they are doing a very good job. This is one of the slowest hardest to watch bleeds I can remember.
Disappointing close. Hopefully we can make up some ground this week.
Do either of those look like good places to release data, or announce a new trial?
I was thinking the same thing. I'm going to put an order at .35 just in case we get that low. I thought we were going to base higher after that last bounce, but this one is all over the board. I'm hoping to see a nice bounce off the mid 30s though.
Anyone think we will retest the mid .3s?
This is a tough stock to watch. I'm ready for less volatility.
I had to pay some taxes I was trying to avoid to buy shares at .40. It will be well worth it. Almost too good of an opportunity to be true.
Volume dropped about 1mil today. I think shorts covered yesterday and today and we should be close to a level off period. I hope we base for a few weeks in the upper .4s or low .5s before we run. Anyone that got shares in the .3s congrats.
Awesome to see you here. Great investment here and great timing. Fall will be exciting.
Will a mod delete the personal attacks? Agree or not it's not the intention of this board.
We need to stop berating posters. We are going to have eyes on ONCS when a run starts and no one can find good info sifting through this much crap. Just ignore whomever calls it a pos or p & d and help whomever you can. We need retail for this to work.
Even keel = unemotional
Your article gave us a 10% price swing. You have a golden pen.
What is your opinion on holding this bounce and resistance zones moving forward?
New HOD at .4 with good volume and a tiny spread.
Considering recent trends you have too. I've just been burned before. These things tend to move when no one is expecting it.
I don't think we have seen top for the day. It's also a dangerous game getting lose with your trades thinking this wont move until September.
A lot of volume at the open.
I think we have a lot of traders eyes on ONCS because it has become so oversold. Once we confirm bottom IMO they will put cash in and we will get a nice bounce. I'm just not sure if that bounce will hold. Any opinions?
Nvm. No affiliation. Just a company calling bottom to boost numbers.
Thanks for the post. Looks like they paid a PR firm to stabilize pps. Wonder if they want to stabilize before news.
Your the man Fur
I feel your pain. We were in the 70s on low volume for a month before ASCO. I thought that would be our base and loaded up. I'm looking at 40% losses right now even after buying a block at .5 and .4.
At least a 6% drop is a lot less money than it used to be. #Glasshalffull #Ihub #Thissucks.
Looking like 40s of malt liquor and the dollar menu for awhile.