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Thank you, and yes we did, although I do think it was just MM's filling others orders while filling what they needed for Monday.
IMO
Monday I wouldn't be surprised if we see a gap and trap or run and trap. Perfect scenario for them with the three day weekend, many new investors coming back from vacation Tuesday, plus all the side liners and current investors have the weekend to build excitement and anticipation. Anticipation heightens buying. Tuesday gap and trap, or morning run and trap, followed by another increase either early/late Wednesday through Friday in anticipation of the 9th.
All my opinion. We shall see.
Go SPCL/Pixel
I sold my core shares at .0007, to make back what I invested. Now I am letting my freebies ride it out through the merger and then, if it happens, through the R/S. I can't lose money at this point so I'm just 'gonna ride 'er out'.
IMO
-If news comes it should come on the 9th, which is the 71 days (on a business calendar) mentioned in the filing.
IMO
-Level 2 looked very weird, yet quite intriguing at the close. My belief is they were trying to load up for a pop on Tuesday. I also believe they are going to sell hard Tuesday, in an effort to get one more cycle out of it, before the expected PR.
IMO
-Golden cross of the 50 day SMA and the 200 day SMA will occur very soon if these levels hold. Great indicator of another run.
Good Luck and Go Pixel
I personally think it is just the MM's shaking out loose shares and building the shares they own for the next leg up, from this .0008 resistance level. CDEL has been fake bidding at .0005 for hours now, but still getting shares from NITE.
We will close +.001 IMO.
Next week we will have the 50 and 200 SMA cross and then its really off to the races.
.0008 Is a strong resistance point, set back in January of this year. Once we clear .0008, its clear sailing to .0021. IMO all from my charts. Same one I used to call the breakout, when I did, yesterday.
Yes, and did you see my post yesterday about the 50 and 200 WMA crossing. Totally, called this movement spot on! Glad I got more 4's yesterday in anticipation. Next to Cross is the 50 and 200 SMA, then through the roof!
The amount of short shares sold into this movement is ridiculous. Just look at them trying to keep a cap on the PPS. I can only imagine the short sales today.
Sep 01 NA NA NA 51,457,375 43,787,798 85.10%
Aug 31 NA NA NA 114,615,921 95,529,270 83.35%
Aug 30 NA NA NA 16,603,764 10,103,664 60.85%
Aug 29 NA NA NA 41,715,000 24,890,000 59.67%
No problem. Many were interpreting the document as 71 days, which placed it in august, hence the activity since then. But I believe it was intended to mean business days, as almost everything in the world runs off a business calendar.
There is a reverse merger in the works, to close around September 9th, 71 business days from May 31, the intended start date of the countdown from the SEC filing. Pixel Mags is supposed to be the owner company taking over the shell SPCL. AFTER closing this deal, or via notification, a reverse split is approved to get the stocks value up to par with Pixel and clean up their financial sheet.
I know this a little baby penny stock, but it looks to me like a pretty strong cup and handle formation is occurring....
Lets break through the near term high of .0005! and then we are off to the races.
GO SPCL/Pixel
Expect a pop here soon IMHO. Golden cross about to occur with the 50 day WMA and the 200 day WMA.
Pesky MM's keep filling orders below my bid...at one point, my bid even matched the ask. They are trying to load up again and it's BS they aren't letting me buy the dip.
Thank you Couch, as I told sharpei ....just trying to broaden my horizons and sharpen my charting abilities.
Always will love the science above all though !
Hey Namtae, it was me =D
Awesome thank you, let me know your thoughts once you have them "finalized". As per the fib sequence and waves, those are my next "hill to climb", so to speak, as I wanted to get down the basics first. Your charts are gold.
Yeah, I've come to realize he draws in all the shorties, which is terrible in the short term. But who knows, maybe we get to burn some shorts tomorrow =D. Either way, I will hold onto my shares tight until we are in dollarland. One day it will be realized, one day...
Thank you Sharpei.
Makes sense, as to the psychological reasoning of the tier levels at each 10 cent marker (in our case), analogous to the .99 cent marketing scheme in retail.
As per the 3 year chart, ahhhhh I just didn't mark a resistance level far enough back in the chart, silly me. For me it looks like this movement is sustainable and has more of an upside as well, your thoughts?
Thank you for the links. I'm getting pretty apt with all the basic charting TA, so these will be very helpful in advancing my knowledge further.
Sharpei...seeing as you are a far better and more experienced charter than I, can you explain why there is such resistance at 20 cents? I was predicting the resistance level to be 21-22 cents on my end.
Thanks
Thank you.
My specialty and expertise will always lie within the pharmaceutical aspect of this company, as that's what my doctoral work is in, and is what I love-science.
Charting is just a hobby of mine, but I seem to be honing my abilities quite well. All while using free resources ;)
Clopidogrel is a P2Y12 inhibitor, used to stop ADP from binding to a platelet receptor within the aggregation-clotting cascade. AKA an anti platelet treatment.
The 4 ANDAs.... 2 are B-Blockers and 2 are stims.
In short, I like your DD, but no it is not clopidogrel-Plavix.
See my posts Dr Thorf.
The PR was the catalyst yes, but the "spring"-action has been "winding up"-building for weeks.
I said a breakout would occur in the most proximal of days, but was unsure and speculated, as to what the catalyst would be.
I guess charts don't lie on all OTC stocks ;)
Looks like my charting abilities are getting better ;)
Just an observation from the charts .....
We could have a very nice golden cross set up upon us, within the next few days.
200 Day SMA is sitting a hair under .0005. It will get closer and closer as the days continue. The WMA's are extremely close and could break today or tomorrow! (~.00021 for 50 Day WMA and .00024 for the 200 Day WMA)
When the 13 Day broke through the 50 Day we hit .0004 that day. So, if this cross happens, it could cause a very very strong move with the price action.
IMO. GO SPCL/Pixel. LETS HAVE THAT GOLDEN CROSS.
Get ready to see some movement here in the most proximal of days. ELTP IS WOUND UP READY TO POP A FEW CENTS. Bollinger bands are so tight, top and bottom within a cent of each other, getting smaller by the day. Trading won't be sustainable at this price range soon. RSI increasing and convergence divergence about to break positive. And no sellers at these prices, so it must go up =).
Perfect, thank you for the response lasers
But that one belongs to EPIC, to my understanding and we just have a deal for a joint venture, right? This new ANDA would allow it to belong to us solely.
@Couch, lasers, n2
Just a quick observation and question for you guys. Given that the generic that we are waiting for approval from the FDA is for percocet, could the same lots of oxycodone be used in the one bead of ELI-200, once approved? (Aside from expiration dates) Or do they have to be registered and produced differently to meet different specs?
My thought process is that this is Nasrat's way of starting production and/or acquisition of a big stockpile of the API oxycodone, to be used for the generic ANDA once approved. Then once ELI-200 gets approval, quickly divert some of that stock API to initiate SequestOx sales ASAP.
One of the thoughts I have been pondering for some time, as nasrat said he wanted to get Sequest to market as quickly as possible, but did not want to manufacture products that would expire on the shelf before going out.
I still think the date is September 9th, due to 71 days being defined as 71 business days.
Lasers, usually I agree with your assessments, but I think that is a little over zealous. I was thinking maybe a 1-3% market capture, which is still a great addition to our revenue stream.
My thought would be the submission year, so we should be thinking 2016 -75% in 15 months or less-, but then again I am not certain as it could go by targeted date. I did enjoy the humor though.
I got filled shortly after... patience is a virtue. Glad I got some more !
Yes and they are playing keep away with shares....I have been 0.002 above the bid this entire morning, and yet orders below mine are getting filled left and right.
thanks koolaid...I meant 2016* but sweet, it's looking like a 15 month bogey
Yeah, I asked this yesterday. I believe the FDA's benchmark goal was 75% acted on in 15 months for 2017, but I wanted someone to verify.
I have to say touche to this...gave me a chuckle. But the $1+ prediction IMO is quite valid nonetheless
I would have to concur with you that the investors that bought in after that date are probably sitting with a loss right now, including myself. I had the itch to sell Thursday, before the CRL dropped, but I could not bring myself to do it. There was and is far too much of an upside to this stock. I did however buy the big dip and have been buying spotty share amounts here and there since and my average is coming along nicely.
In closing, this stock will move to dollar land (not sure what dollar amount, but I predict 1.5-3.5 bucks as a conservative estimate). It's not if, it's just when. However, until then, I do like that we have increasing revenues and more and more products to come to market until our baby is born. I feel that since the backbone of this company is very strong, my investment is secure until that day.
So, I will continue to accumulate, accumulate, accumulate...on all the dips.
Thank you and good luck to all longs.
Perhaps it is your timeline vs the long term investors' timelines that is causing you to have the discrepancy in opinion. All the things we say, I have the utmost confidence in, besides the ridiculous 38-dollar-share-price that is thrown out there from time to time.
Everything will come to fruition, just when we least expect it. All those dedicated to this stock will have a very nice surprise one day.
'Flippers' have differing agendas and timelines from 'Investors'.
Thank you and good luck to all longs.
--Side Notes--
1. I still would like to know what those options were executed for, or if there was even a reason besides Nas getting some more shares.
2. Today's trading action was warranted IMO irrespective to a press release, although I would not be surprised to see one due to the option execution last week. In considering how close the Bollinger bands are (due to the accumulation/consolidation in this range over the past few weeks), I predicted a breakout just two days ago, to occur within the next few days to 21-22 cents (the next significant resistance level). Those 'few days' are upon us. I expect to see a move north from here soon, as we are gaining momentum as indicated by the RSI and MACD.
Would someone be willing to enlighten me on the wait time for determination, of a decision, for an ANDA. As to my knowledge, it was the FDA's goal to act on 75% or more ANDAs within a 15 month time frame for the years of 2016-2017. Does this, in fact, correlate to the data that has been gathered from this year on the matter?
I am inquiring because I would like to have notes of the time frames for future material events. Thank you.
-Pharma
I just think it is peculiar that both recent bids.... 472,714,974 and 473,214,974... seem to have a whole bunch of 911 codes underwritten (adding up portions of the bid # piecewise), which means news in MM code
even the ask (3,980,000) can be seen as such if done a certain way
I know Level 2 can be artificial on penny stocks, especially at these levels, but my interest lies with the massive Bid support currently.
Although its at the .0001 level, too see 472,714,974 shares on the bid is quite intriguing. Could it be that news is eminent? Or is it just a fake support to flip the shares they bought today?
Either case we will find out soon...