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I did a bit of reading.
It seems that most already knew about the FDA clearance of the one product.
From what I gather that happened on Nov. 18 and is likely a big reason why the stock rose on Monday, Nov. 21.
Actually, knowing about the other FDA rejection (temporary of permanent?) is a good thing.
It means that the company can refocus and attack as needed.
Going through the company's releases (sorry, I am new here), it seems that the company has already decided to transform itself to being a manufacturer/supplier.
Ultimately, I think that means endeavors that are a bit research intensive will be put on the back-burner - unless they can get a partner.
This company is at interesting point.
IRs know nothing more than what is public information.
You won't get anything non-public from them.
It wasn't for a lack of trying.
Shorts kept jumping the queue with small orders trying to guide it down.
So, what do you guys think of today's trading?
To me, the action seems bullish.
Seems ripe for a short covering bounce.
Sellers subsided and buyers kept popping up.
Stop loss hunt isn't yielding much.
It really seems like someone stopped the run to build up a position.
Maybe after thanksgiving they will give the goods and with their fill, we rise.
Wow.
For a stock that's down 28%, the chart is holding up and looks like a buy here.
HMMM...
$0.80+ possible?
Seems like someone is buying up shares hoping to get their fill quietly.
Look at what happened last late November - early December.
If news comes, we should run pretty good as someone has been buying.
Shorts reeling in agony as they couldn't get longs to sell.
Too bad it seems that no one is watching.
We could have baked them. Still can.
Good Monday Morning RCON board.
Float should still be tight.
Let's see if the Market Maker is happy with what they got.
Decent 70k+ volume day here.
Not 100% convinced this was just a sympathy play.
Let's see what next week brings.
Pre-market kissed for 200 shares just like yesterday's after-hours was kissed for 200 shares.
Strange.
So, did this get squashed because of low floats getting hammered?
Could be dilution, but why let it run yesterday?
Cutting by 25% scares off most people who would buy in.
It just seems that shorts pounded this because they know there is potential sellers.
Rather large volume, so we shall see what happens over the next week or so.
Interesting action today.
Watching to see how it unfolds.
Yesterday's spike close likely hurt today's movement.
Actually, this is what someone who got caught shorting yesterday would want.
I thought you bailed when their was some trouble with $5 yesterday.
$12 is to real for me.
I tapped out and called my broker.
LOL. I almost hung up when they said $40 to trade.
Good Luck to anyone in.
NASDAQ in the past did halt this before and suggested the company issue shares.
The problem with this much of a run, is that regulators will start poking.
Just keeping it real.
Hope the ATM keeps printing for you guys though.
Last few minutes here, the price went ballistic.
The rest of the day, this was definitely getting bought up.
Tight float and trades next to nothing most days.
Might be Thursdays runner.
Kind of wish this closed $1.50-1.60
But you can't have it all.
This board is for $SINO but since you brought it up, $STEM screwed over traders.
The stock went from $0.40 to $3.00 in a day and closed at $2.60
The company then issued shares at $1.10 the same day.
GARBAGE.
I sold out as I had big gains, but screw those guys if they do 50% off financings.
I would vote against anything they tried to do after that.
Read the PRs.
Take note of the November 1 PR which says that revenues are coming this quarter.
The revenues are coming from the source that SINO and COSCO have an agreement on.
If there was no COSCO, we wouldn't be close to $3 at this time.
Do you think a company that has multi-billions in revenue would deal with something that makes $0?
Keep safe and never put all your money in one play. Because sometimes things are not as good as anyone hopes and believes.
COSCO has $7-8 Billion in revenue per year.
Do you think they made an agreement hoping for Beer Money?
It's going to do the same as today.
All of which is healthy.
Don't be greedy.
Chart says we should shoot over $3 soon.
July/August was the rally test and this is the moonshoot.
CSCO partnership revenues coming.
Maybe people will understand that when others are putting in 50,000 orders you just shut up and buy some.
Read the July 27 PR.
What is mentioned in the Nov. 1 Letter is implementation.
Nov. 1 Letter also states that revenues are expected to start this current quarter.
This looks like $3 is coming.
Today's thumb down was to get sellers. Seems that people who buy 50,000 shares at a time didn't buckle.
Hopefully people read up a little.
I did and will play accordingly.
Did you do some digging on SINO?
COSCO partnership seems close.
Maybe next 2 weeks?
Check Nov. 1 Letter to shareholders.
Totally unrelated to SINO.
I understand lightening a position, makes no sense to flush it.
That's why I believe it was shorts of some kind.
Coordinated short attack when it got close to $2.
Why pin it down?
Convenient article was linked to SINO at time of attack mentioned dilution in the headline. Dilution in shares of a different company.
Guess we will head higher when they get the shares they want.
Damn.
I hope those people selling don't regret too much when COSCO signs a partnership deal with SINO.
LOL. 50K bid and traders want to bail.
I guess COSCO and it's $7 Billion Annual revenue are too small for traders.
Fun times coming.
Big bid after-hours.
Seeing 48,000+ at 1.89
Now seeing 2.00 ask going.
BOOM.
This is trading beautifully.
Seems like COSCO related news may be coming in a couple of weeks.
Looks like stops got triggered.
Let's see if it taps $1.50 before the day is over.
Interesting.
Seems like shorts have been a little greedy.
Might have a little bit of a problem if they can't get sellers.
Damn shorts.
Kind of sad that you don't want 90% profits.
Can't even take us down with a presidential upset.
So, you'll vote with your wallet and short more? 90% possible gains if you are right.
Well, I sold and re-bought on the pull-back.
May have to buy more here if people go crazy.
Let's see if we get a nice bid putting in a floor.
Speculative money will be coming back in to the market either way.
Just not sure how much of a drop before the check mark up comes.
Nice short covering bounce.
Guess they realized no one was selling.
Dirty stop loss seeking opening.
May see a 5% move either way today.
$3 Stops hit with little volume.
Pretty Damn bullish.
Tight.
Put your money where your mouth is and short it.
So original to post on iHub saying the company will be worth $0.
If it's so clear, re-mortgage your Mum's basement.
So what's the issue with dilution?
If anything it will create a floor price (once the Nellies bail).
It may not even tank at all.
So, any theories on volume?
O/S was just under 4 Million.
Looks like shorts beat this down since the split announcement and have been forced to buy back.
Seems like they are trying to clean up under $4 for now.
NASDAQ compliance or sales announcement would eviscerate them.
Float locked and now it is flying.
I guess the dumb was about people complaining about the lack of a drop.
Just imagine what will happen when they announce Nasdaq compliance?
Volume is suspect.
I didn't see them announce ATM offering, but I think they might have one running.
ATM = at-the-market price.