Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes. Shorting and manipulating (accumulation of shares by the big boys: http://www.mffais.com/stock/biosante-pharmaceuticals-inc.html (only Kopp sold all, for the rest we have a lot of 'new' and 'added') is what is keeping this down for now. (Wonder where the negatives, like lawsuits and the like, come from?)
Question is, how many shares will satisfy these big boys? They are picking up the crumbs right now.
However, when they are done collecting, we will probably surge :)
You think, if Libigel was no longer around, this stock would not move above 2 bucks again soon?
I don't think that's the case.
The fall in december was over-reacting to, as I see it, misinterpreted 'news' on Libigel.
But the fall did no justice to BPAX's pipeline whatsoever.
The fall was due to stop-losses and heavy shorting, followed by manipulating of the severest kind.
Up untill today that is.
When tuesdays catalyst has climaxed and pulls the plug out of these madman's games, the stock will settle and find it's way back up. Probably with a POP.
Just too many good things just around the corner for BPAX to be ignored for too long by too many people.
All IMO of course
Are you sure this is "shaking the tree"?
Looks like lack of interest to me.
Volume is no way near to what we've seen lately.
Even shorters will have a good time today, contrary to what was to be expected. Not a problem covering low today, IMO
yes, 3 days and below 0,87 still. Lucky bastards ;)
So, after almost 5 hours of trading today, we finally have the same amount of yesterday's first 30 minutes trades, i.e. 5 million.
Where are all those people jumping this bus last minute before approval? Waiting for the very last minute, perhaps?
Wrong info.
Market is closed on Feb 20. Next monday, not monday Feb 13.....
Check the NASDAQ trading calendar.
JFYI
They are allowed to shake the tree, but we are not allowed to pick whatever falls from that tree.
Is that correct?
And is that normal?
Only the one that shakes is allowed to collect???
Thanks. Appreciate your response!
I mean, after the opening, the price seems to drop fast. I don't get why that is, if there are more buyers then sellers.
Looks like there are an endless number of shares on sale under $0,89.
Can you eleborate on this, please?
If buyers outnumber the sellers, shouldn't we go up?
Looks like momentum has been killed, once again......
And by looking at Level II, volume is dropping off quickly.
What a shame!
I think you're right on this.
SAPX has had many chances to get their act together. Which every time they failed to.....
If they want to let this slip beyond march 1st, they have no control over it whatsoever.
Shorters are on the prowl. And they are strong by numbers, as they smell delisting is around the corner here.
JMO
And perhaps the $5M stock exchange was set for this date with purpose then as well?
Still, there will be short-supply coming days IMO
What does it say in plain English?
To me it looks like it says there was/is a prohibition on short-selling BPAX (yesterday and today).
But the way the trades were going, make me believe there was plenty of shorting going on.
So, there is some confusion here.
Explanation would be highly welcome.
TIA
Anyone think this will impact the trading tomorrow?
http://www.nasdaqtrader.com/trader.aspx?id=ShortSaleCircuitBreaker
Not sure what it means, to be honest....... Except there can not be shorted, I guess?
Pullback yes, I agree.
But after the pullback, this was a dead body, rather than a recovering patient.
There was no heartbeat whatsoever. With 30.7million trades? I say WOW
We'll see how things go tomorrow, I guess.
Since no-one seems to bother answering my question, I'll give it a go myself.....
30.7Million shares traded today, with a pre-market high of $1,80. Whooping lot!!
Only downward and sideways movement. How can that be? Just flippers today??
So question, have MM been kind to shorters? Yes, very kind I think......
Is it possible most shorters got away in two days, with their pants clean? Yes, very well possible.....
Should we really expect another short-squeeze here?
Don't think so, no.......
Todays action wasn't about accumulating, profit-taking or yet another ambulance-chaser entering the field, or was it?
Anyone?
We had a few of those already lol
Yesterday we went up big-time after yet another law-suit advert.
So, what's up with todays trading?
How come we got $1,80 Pre-Market, and have a hard time to break through $0,94 now?
Are MM being kind to shorters here, or what???
We have over 25M shares traded, and still not moving up???
What's the explaination for this?
Yep. And SAPX gives more of a rollercoaster-ride than BPAX, that's for sure.
But the rides up are really worth-while, so I tend to switch $$ back and forth whenever needed.
Shorting SAPX is a dangerous game, as this can really fly, and with news around the corner it has potential to stay well above a dollar (once it gets there).
I'm long and strong in BPAX, holding a really nice core. I know what this will bring us!!
GLTA
Sorry keekee, for making you think I'm a fool for selling 19000 shares @ 0,6418.
I needed the $$ for a ride on SAPX. I have plenty BPAX left, though......
Enjoy them cheapies!!
;)
The more it goes down the better???
Yes, of course. My bad.......
We are in stocks, just to buy loads of them, not for selling them with any profit.....
Good thing we have the CEO on our side on this ;)
What is so brilliant about Level II today? The bid @ 0.29 (correction: 0.28 that is now)? The ask @ 0.48 perhaps?
Really, I don't get the day-by-day cheering on this stock by some.
Every day this stock sinks further, but the hooplas and cherios just keep coming.....
You guys must be so funny!!
I'm not a chartist, and by all means a 'newbie', but I think this stock is being 'PowerPlayed' by some biggies, who see value here. Accumulated for weeks now (as I understand it, the way these big guys appear to trade in blocks of 100-500 shares, hiding their presence). And the way this stock was set back today, after wanting to break-out, seems to be just another way to scare the hack out of us 'smallies'! They killed the momentum, and with it, they killed the volume......
But in the near future, this is still going to break away, IMHO that is ;)
We have some of the big players in, as it appears (BlackRock, Vanguard)
Today was the first day of an upward Par/Sar-trend after its break-down in december, so why worry?
GLTA
350.000 @ 0,275 AH
Where is the sink hole?
-Just follow SAPX
As this is pretty difficult matter to understand for non-natives (like me :) ), perhaps a short explaination is possible? Or what effect can we expect this to have?
TIA
Anyone remember Peter's letter last summer? In which he stated that he turned to the SEC, regarding shorters or other ways of manipulation of SAPX shares, that keep share-prices down?
How sincere was he back then, now that we all were witness (some are still in denial, yes, sorry) to massive dumping of shares last week?
First driving the price up (pump) and then dropping vast amounts of shares into the market (dump).
We had so called 'news' regarding Dave Michery, heaviest volume in months and lots of buyers.
And what does this stock do? Go down a sink-hole, FAST!!! On heavy sales, that is.......
That's not exactly a distinctive feature of what one would call a 'Healthy Stock', although others care to disagree on this.
Many care to state that such a (paid) Pump & Dump will not happen again, and even did not happen.
He who does, has a lot of faith in SAPX's financial situation, and should do some DD on that again, perhaps :)
Just ride the waves, people. Ride the waves......
David, You did not say that perhaps.
Of course, like I say, this stock is nice to make money.
But the way you reply to my message, is awkward.
Why are all these daytraders (who make a nice penny here) making us believe that this is a good stock?
No problem at all LOL just flip this POS LOL
As we speak, it;s heading for 0.34 again.
LOL no problem LMAO hahaha
David Fowler.
Your right, this stock is great to make money on, but why say it's behaving like a healthy stock, when it is just NOT doing so???
Strange to see all these daytrader's replies, as if this is a great stock, with totally nothing to mown about.
Being a daytrader (flipping cents, nikkels and dimes to make money), I understand. But please, cut the crap already that this stock is behaving like any healthy stock would.
The volume of the last days speaks for itself. The share-price tells a different story here, though.
"This is a normal retrace" and the like, are just too silly.
This stock has a severe problem, and the company is not able to tackle it.
Period.
(and for those that say different: keep on flipping this POS and make your money. But be honest to newbies, please.)
Hi all, first post but been following since november.
I am stuck here, and perhaps you guys can help me out.
I have a pretty large holding in this stock, and according to what I read, there must be MANY people with MANY more shares than what I've got.
Now, if we take ten people with an equal amount of shares as me, the ten of us would hold 1,5Mln shares together. Which in turn would be ±1/10 of the entire float, yes?
So in above case (theoretically) it could take only 100 people, to hold the entire float.
It appears to me as if there must be at least a 100 fold shares outstanding.
How come we don't run out of shares here, and are still stuck at bottom's end?
Do you follow me, or am I mistaken along the lines???
Hope someone can explain.
TIA