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my guess would be that the institutional and funds are selling....they may not be able to hold at these low prices....there seems to be no up in the stock for some reason..someone trying to support here to stop the bleeding...but do they have enough to begin a reversal
he said they were speaking to their IR firm.....he said the august call wuld be mre psitive
looks like we go against the market and trying to break the high of the day any time
PTX is bucking the market trend so far today...I am hoping to pop to .55 or higher and put in the real reversal....we may really have found the double bottom this week and now begin the reversal...i love to see a stock go against the grain of the markets in an upward trajectory manner...so here is hoping for the .60's or .70's next week
hey guys if the hammering has stopped look for a breakout to the upside any time...sometimes people are buying bio's as a group and for no reason at all the bio you hold begins to rise along with it...so lets look for a pop to the upside
The move up happens when those who have peppered the stock come to the conclusion that they have squeezed as much as possible out on the low side....then we get the reversal...how big a move higher depends on how convinced these people are PTX is moving in the right direction...when they are convinced that there is not that much profit to be gotten on the low side they then begin to cover and move PTX to the high side again...I'd be scared to death knowing any day in pre-market or after hours good news could hit that sends pts toward 1.00 again....
Someone is doing something...I dont know what it is...but I do know sometimes stocks move down and seems like no good news will start trending it higher.......then there are times when for no reason, a stock will began to move higher and no bad news seems to bring it down, it just keeps going higher......i guess its called algorithms......well I sold this morning @.60 and then bought back in again at about .50 and then again at about .51....................
Some of the tricks that are used is when they are loaded up or the market maker is loaded up is to use the AFTER HOURS to establish the next days highs.....I would not be surprised in the least for a 10 to 20% move in the AH or Premarket
Hey ... I figured it has to head north sometime....lots of buying started in the .49 area...big bids
i boght back in....looked cheap to me
can anyone find out what is going on
keeps getting uglier
for some reason they are hammering this stock....something needs to happen to change the trajectory of this thing...they just keep pounding it like bad news
happy to be alive again..wow, I had taken a big hit the last few days in this stock...man i didnt know what was going on yesterday..it was trading like bad bad news was coming...somebody was laying the whammmie to this thing....wonder how they are feeling now...i guess like i was feeling yesterday
made my exit @.60
.07 to .10 pre split is my thinking right now...it would be nice if I was surprised to the upside....
Good to see you ole buddy...I think we are getting ready for a RIDE
Now when TOWNIE shows up we will know we are IN BUSINESS
Your forgiven Salve
I am looking at the pps from this point @ .03 to .07.....a MM will help facilitate trading...if my understanding is correct the mm can buy up shares...lets say between .03 and .04 and sell them back at .06 or 07...
He is Making a Market for the stock by doing so...and making money on it...volume is the key...so that is where the IR comes in...as I said earlier, i always thought CAPC growing revenues would at least attract the penny stock boys back..but no, it hasnt happened yet...i just cant see CAPC being .45 at post split.......to do the reverse just to get the price to .45 is senseless...i mean dumb....hey we almost broke through .03 friday...
personally expect better than they initially alluded to...just for the wow factor...plus add in backlog and strong international growth...
PS..thats my thoughts and you can hold me to it...going to be a WOW factor...good news
IR...got to have it...as I said I havent promoted the idea with CAPC because I honestly thought the rise in revenues would do it...man there is hardly a nibble....its just bewildering...
OK guys I am for the first time going to make this post...usually i am against it but here goes...
It appears to me that near or at the time of the split CAPC should go ahead and get someone to promote the stock...i mean you have to..CAPC has got to draw interest somehow...pay someone to get the story out...
You can search my post on this board back..to my knowledge this is the first post of this type I have made...
CAPC has to get their story in front of people
I mean, I see stocks that have hardly any or no revenues at all trading way higher than CAPC...
It won't take much to buy out our shares...I cant see who would be holding CAPC shares right now except a few of us...and MAYBE some of the board of directors families..along with the company directors
Then of course there is the Big One....the ones who at conversion received 70,000,000 shares....and at 15:1 figures to be about 4.7 million shares
Does anyone know how much they loaned they loaned or invested in CAPC
Bull, I own quite a bit more that was traded today...Lets look for some millions to trade...can't help but think that the next news we hear will be better than expected and coincide with a move higher in the stock pps...to me it just seems like it has to...I just cant see anyway a stock with these revenues and what should be positive earnings should be .45 at post split...just cant see that happening....
all i see left @.03 is right at 62.5k so hopefully we can begin our ascent toward .5/.06/.07....maybe around the time they give us the update this month...which should be any day now...hopefully they are going to finish the 2nd qtr stronger than even they expected
watch for big short covering as PTX nears .70 or breaks into the .70.s..
If it breaks into the .70's we could be headed for 1.00 again
here is some encouraging info
Another under-$10 specialty pharmaceutical player that's starting to spike within range of triggering a big breakout trade is Pernix Therapeutics (PTX) , which develops, manufactures, markets and sells pharmaceutical products. This stock has been destroyed by the sellers over the last six months, with shares off sharply by 80%.
If you look at the chart for Pernix Therapeutics, you'll notice that this stock recently double bottomed back in May, after shares found some buying interest at 39 cents per share. Following that bottom, this stock has started to uptrend and move back above its 20-day moving average of 46 cents per share with strong upside volume flows. That uptrend is now quickly pushing shares of Pernix Therapeutics within range of triggering a major breakout trade above some key near-term overhead resistance levels.
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Market players should now look for long-biased trades in Pernix Therapeutics if it manages to break out above some near-term overhead resistance levels at Wednesday's intraday high of 56 cents per share and then above more key resistance levels at 67 to 70 cents per share with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average action of 4.47 million shares. If that breakout fires off soon, then this stock will set up to re-fill some of its previous gap-down-day zone from May that stared near $1.20 a share.
Traders can look to buy Pernix Therapeutics off weakness to anticipate that breakout and simply use a stop that sits right around its 20-day moving average of 46 cents per share. One can also buy this stock off strength once it starts to trend above those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.
Going to be very very interesting to see what their plan to move the stock higher is going to be...gotta have an agent (MM) with upfront money...their has to be volume and liquidity for it to be worth his while...and in the next 2 weeks we should hear something about the 2nd qtr and probably are record 3rd qtr also...should be lots and lots and lots of info...of course all of this is in my opinion and hopes and from what i understand from the last CC....i'm looking for my payday also...yeeeeeeeeeee
Count the days down...I'm really interested to see how they are going to present the news of the record 2nd qtr...will they have someone in place (MM) to begin the buying ?
no market maker to entice a buy right now....the only way it will move is if you buy it at the ask...nobody wants the stock...they lost all their investors...hundreds of stocks that are traded each day most with hardly any or no revenues and has great volume...no liquidity means low or no volume
timed for impact...look to land at the .04
hopefully the strategy with new market makers is post split 1.00
anyway exciting days ahead..looks like great expectations ahead
hi Uranium..I'm beginning to get all excited about CAPC again after reading the proxy statement...if I am right I think we will move higher..the market maker could get in ahead of time an move us up...from the way I read that proxy statement I thought maybe they would try to make the post r/s pps be 1.00 or more...that would be around .07 per share before the arranged date. Does it sound to you as if they want it a dollar or over so they can get mm's interested as well as investors ? Im getting excited once again
yeah I own alot more than 100,000 shares...so i am setting pretty good..i do not give any advice though...that decision is yours...but I do look for someone to come along and move CAPC higher before the R/S so the post split will be higher...probably most if not all of those who made CAPC back in 2014 are long long gone...probably a couple may buy a little to sell as it moves higher...so I doubt it will take a whole lot of money to move us up and hold us there until it is where they want the price to be as it enters the market on a post split basis...i sure would love to see it move on up to .07/.10 Its hard for me to imagine a post split at .45 after reading their reasonings for not having a market maker or investors..i dont know these things for sure but I will not be surprised to see it suddenly move up one day....be sure and do your DD..I will say this. If these guys say it then you can pretty well be sure it happens...if they dont see it then they dont say it...
oh yeah, one more thing before I go; you fellers at CAPC that are on your yatchs this weekend....keep us poor people in mind
yep...i get the same feeling...glad I already own alot of the shares..well we got about 60 days to find out..should be entertaining to watch as that day approaches....dont know for sure if they will announce the day before the split takes place and peg the post split price to that day ....I know that is how one company did it recently...they just came out of the blue and said we are putting the r/s into effect tomorrow and basing the pps on todays closing stock price...and that was that...right now i am going to say 80/20 chance they move the price to where they are being told is a good price for entry level and market liquidity...they only got one chance to do it right...you management fellers at CAPC did hear that didnt you ? you got this one chance to do it right...
hey awaitingamove...I get a feeling that before the split someone may move the pps higher...If what I think I read concerning the low price of the stock being a problem for the interest of the Company and ability to produce the liquidity I may have been wrong about the .45 per share at post split...some people may move the stock to where post split could actually be over 1.00...because they did mention that some did not want to touch a stock with a low pps....wow...does this enlighten us any...this may very well be probable now...
same to you friend...and tell the people that view this board that the word "RECORD" will be the key...that is in my/our opinion..now go get your weekend work done
yep, looks like you were right...they are timing things just right..hey did you notice the word "liquidity" being mentioned as well as potential market makers...well we have plenty of shares to have liquidity but with that man o/s shares no one, not even the penny stock guys are touching it therefore we have no liquidity anyway...but with the r/s approved and some great news that will be coming ( in my/our opinion ) we should see plenty of liquidity...have a good memorial day ole buddy because I think CAPC will put out some RECORD news in the coming days and weeks...
Well awaitingamove ole buddy the R/S is approved...looks like it will take effect around July 23/27th...by then the stock could be .07 or .10 or higher...expecially with news releases going into 2nd qtr and the anticipation of 2nd revs and earnings..not to mention the strength of our yearly sales