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Sorry to hear that. I know the feeling.
I'm of the opinion that we may drift lower through Thanksgiving. I'm not a chartist nor do I really pay attention to technical levels. I usually just buy and hold. At the end of the year I look at my losers and sell to balance out my gains. If you've bought back the "wash rule" applies and you can't use the losses on your taxes. You would have to wait a month to get back in after your last sale. That is a tough one with this stock. We really don't know when it will take off. I personally believe it will. As long has we close the deal. If you've bought back in already and don't need the money for the immediate future, I'd say close your eyes and hold on.
Disclaimer: I've already taken gains above my initial investment. So, it is easy for me to be calm about the day to day of this stock.
Yea, I thought I read humor in your post. That is why I commented. I would have remained silent if I thought you took them serious.
Here is my prediction for today.
If this closes above .06 today, you should have bought below .05.
(Wow, that was easy. I think I may have a knack for this prediction stuff.) Anyone want to front me the money to start up an advisory website?
I meant for the money to settle. When you sell and then buy with unsettled funds you pay your broker interest until your funds are settled. It takes roughly 3 days. I don't like to use unsettled funds because you can't sell the new security until your funds settle. I don't remember the term they use for that, but it is basically "free riding" with the broker's money.
I peronally have a cash only account with them. I don't play on margin, nor do they consider me a day-trader. It may be different for those type of accounts, I don't know.
Have they been on the right side with their picks on this one, ever?
Didn't they have a "buy" on it the day we crashed?
"Sell-if" Wow, that is a strong opinion of thier indecision. I'm glad they go out on a limb with thier recommendations. Sounds like my weather guy. I can be looking out my window watching it snow and he predicts sunshine. (just my humor for the day. not to be considered an attack or flame. Inject mucho sarcasm when reading above statements.)
I use most of these guys has counter-indicators. For the most part they all get it wrong.
My take is that is it friday, some never hold a stock over the weekend. Others may see a low volume holiday week coming and want to get out for now. It takes my money 3 to 4 days to clear after a sale, I'm with Scottrade. Maybe people are thinking if they sell now they will be able to buy back wednesday to friday of next week. Hoping low volume continues to bring it down until then. Others are not seeing the bounce they expected and have lost patience. My favorite theory is that some just want to take a loss. It looks good on the tax form.
Just some opinions.
You may get another convert. As long as your head doesn't explode. lol
remember, patience is golden. or is it silence?
You will find the answer in the second sticky. Post #81982
That is the sweetest softball for anyone that has been here for more than two weeks.
It was also explained in a pr earlier.
Thanks, I hope I'm correct. I'm guessing so is everyone else.
When I first bought into this company in Oct. 2008 it claimed it was a medical device maker. It turns out it really wasn't. It was basically a "shell" company. Our current CEO spent the better part of two years trying to get this merger. At the moment, pinksheets.com labels us a "development stage company." One of the stickies explains the steps that were taken to get to this stage. Currently, we want to be a "medical device maker" through this merger.
We are at the moment trading on speculation of this merger and the sales of the bioharp device. I can see no other reason for the share price. If the merger fall through, so does the share price. Rain is partially correct, we are trading on future speculative sales of the bioharp. So, technically this animal does exist.
If I understand your previous posts, you got caught on the wrong side of a trade and now are trying to figure out whether or not to, cut your losses or hold. That is absolutely the correct thing to do. If you are interested in my opinion click on my name and read my first two posts. They will explain why I am here and why I am holding. I know it is often times difficult trying to figure out the motives of posters, I gave mine in the very beginning here.
WARNING: prepare yourself for a price target at the end of my second post. I know you don't like random numbers like 1.00, but I give my reasons why and how I came up with my price target.
Good luck with whatever you decide.
As I understand from the last quarterly report, we have no significant physical assets that could be considered equity. As others have stated, the company sold 113 million shares on the market to increase their "war chest." You can look at the remaining shares provided by the last TA report to find out how many are left that are able to be sold. The only way I know to answer your question is to multiply those shares by the current share price. I don't really think anyone but the company can truly answer your question
I'm going to have make an assumption here, so take a deep breath.(just my humor. stress levels are still a bit too high from yesterday.)
If Dr. Lee believes in his device, he will be willing to take shares, both common and preffered in lieu of cash payments. Yes, if he is smart he will demand some cash just in case share price doesn't increase. Most of the shares will fall under Rule 144 and as an insider he will not be able to sell for twelve monthes.
To those who are still combative today: Yesteday was stressful for most of you. Try to resist personal attacks, it doesnt' help anyone here. Today, "Garden Rose" asked an honest question that was not unreasonable. This board is so that people can help one another to answer questions they have. So everyone RELAX.
In regards to "our equity" As I read the statement:
"Mr. Friedman and I feel strongly enough about the BioHarp that we will be utilizing our equity in the company to finalize any shares issued for the transaction."
My interpretation is that they will be transferring their personal shares to close the deal if necessary, thus keeping the share structure the same. I agree that they have raised capital by activating the companies authorized shares. We as of yet, do not know how much was raised by the sale of shares, unless I missed it. I did not mean to imply the company was broke or out of funds.
The only equity they have are their common and preferred shares. The last quarterly report showed that the company had no real assets. The way I read it is that they will be handing over some of thier shares to Dr. Lee and bioharp. How much that is will be determined by the share price. We won't find out how much that is until after the fact, in my opinion.
I know you don't like people speculating, but I assume some of the preffered shares will be transfered giving Dr. Lee some voting rights within the company. Which will in fact keep him active in the new company.
He may have been on the plane when yesterday's news hit. Probably went "What the hell?" and started reading emails once back in town.
It is never an easy thing to guess the mood of the market and its reaction to news.
No problem.
I'm in the camp, that mergers are complicated and often times messy. Today's news was in my opinion a forward step to the same goal. The goal being: the device and patents. I must just be too long term in my thinking.
You don't have to worry about my comfort level, Scotch does that nicely.
Thanks for you time.
some questions for thought.
1. Is listing on the Korean exchange off the table?
(I assume it is, but did something happen to close down that avenue of capital?)
2. Did you meet with and lock down any manufacturing deals?
3. Have there been any sales, or when will projected sales be announced?
I don't really care if you ask these, just listed them for you to think about. Use your judgement.
thanks.
I am currently holding 2.5 million shares. My original position was 3 million. I have cleared roughly $12,000 so far.
I am in an easier position than most since I can't actually lose money on this investment. I may leave some or all remaining on the table, but that is the fun of it for me. The potential of this device looks amazing.
Scotch is my weapon of choice. I haven't needed any today, but may have a decent nightcap since you've made me thirsty.
I learned how to control my emotions in regard to the stock market and my risk tolerance is rather high. This is just a small position and only speculative, so I have no real need for this money. It won't change my life, but if it hits like I think, it will.
Good luck to you. It isn't a boring ride, that is for sure
What day did he create message boards? I bet he's regretting that one.
There may also be some geopolitics going on. The day Paul landed North and South Korean navies traded shots. They may have decided it was safer to bring the whole operation to the States.
The last sentence of the PR implies that Dr. Lee will remain part of the company.
"Mr. Lee will be traveling to Los Angeles at the beginning of December to meet with us to discuss the operational aspects of the new entity as we move forward,"
No other reason to have a discussion unless he will play a part in future operations. IMO
Also, I agree that he will have a large chuck of the new company. Making his future wealth linked to the success of his device and this company.
With volume of 69 millions shares, we have a new group of owners. Some, it appeared, are very large owners. I am fairly sure we lost some of the weaker and "on the fence" crowd. We may have lost the last of the people who bought in the .10's.
Homework for some of the techies here, if you don't mind:
1. With a whole new group of investors, do you have to reset your resistance levels?
2. How many shares were bought above those levels, so that we know the strength or weakness of those levels?
Thanks!
The advantage of Buy and Hold:
is days like this really don't matter. My worth swung $130,000 from the high to low of today, but I didn't once think of selling. Nothing has changed in regards to the reason to hold this stock in my opinion.
Best advise I can give for days like this if any care: Trading based on emotions are generally a mistake and very regrettable.
yes, I believe Rainmaker said he had emailed and was waiting on the answer and would be posting it later.
Disclaimer: I was too lazy to read back to earlier in the day. Love the edit button though.
Just the people who recieved restricted shares. i.e. bioharp employees.
Those of us who have "purchased shares" can buy and sell anytime. There may be a day or two with the cuspid and name change that we may not be able to sell.
I would assume those are the restriced shares that fall under rule 144.(I think that is the number.) It is disputed whether they are locked up for six or twelve monthes and cannot be sold until the time is up.
It no doubt, is part of the payment to merge. Some will argue that it is dilution of a sort, but since they are calling this a merger not buyout it only makes sense to transfer shares to the new "insiders" of the company. We will, in the coming days find out the terms of the merger. I will assume that Dr. Lee will be given an officers position in the new company.
In total, I believe the transfer will in no negative way effect us.
$$$$
or $$$ if we go to the dow.
Wouldn't you love it to be the other way around?
Ahh, the dream of being a hedge fund manager. Money that doesn't belong to you and you can always walk away when the losses pile up. With your 20% commisions of course.
I like the nice tight price action. I was expecting at least a .01 drop without news. Nice to be suprised. Guess everyone is comfortable with their position. (knock on wood)
I'm sure we will have some resistance at the .109 from the run up a few mondays ago from the people just happy to break even, if they are still holding. Some will if they are like me and hate to take a loss. I've been wondering about the resistance levels that are from years ago and companies ago. I'm not sure if there really is any beyond what your charts are showing. My thought on it, is that their shares were eaten up by the reverse split and won't really play a factor with any selling pressure when we get to that price level. Which if I remember correctly was Claytrader's opinion when he mentioned a "bluesky breakout."
I'm just curious if chart readers and those who trade based off of the chart will in effect cause a "self fulfilling prophecy" in regards to higher resistance.
Nice find. Did you ever run across who has been building the protypes?
My trading plan for this:
I can only speak for myself. My plan is to shave off 5% of my holding at certain trigger points. .10 was one of my triggers. The next are .25, .50, .75, and 1.00. I am a long term guy, I don't trade or flip. Though this does pull back and give people opportunities to get back in and ride it back up, that may not always be the case. Stocks don't always stick to their past patterns. I have a 2+ year time horizon on this stock and am unwilling to be completely out of this stock. There are too many possible catalysts on this one.
Disclaimer: I have already taken profits and have free shares.
Nope, saw him on the nightly news running down the tarmac after the plane. (Sorry couldn't help myself.)
Someone earlier in the week said the receptionist said he was scheduled for ten days. So his return isn't until the 18th.
I haven't read where the merger is contingent on approval, so very doubtful. My guess would be that bioharp is a little cash strapped and needed the money xmdc could raise through the selling of shares. There is no reason bioharp would be interested in a merger if they didn't need something that xmdc can offer. We know xmdc raised money on the market and fda applications cost money.
Just my guess, but I'm on my second glass of scotch so who knows.
Well done. I'd say you'll earn any profits you take in the future on this one. I know the ride is painful at times, hopefully it will be well worth it. I learned to numb the pain of watching losses pile up with scotch. With just enough scotch in me, the decimal point disappears and I'm rich.(Great, now I'm thirsty.)
If they were to activated all 1 billion shares we would need to get to a 1.00 per share to have a billion dollar market cap. Depending on how fast they can ramp up manufacturing and sales, that may very well be feasible within 6 to 12 monthes. We don't yet know what kind of price to earnings ratio the marketplace will put on this company. Nor, what kind of sales we will have. Right now speculation is driving the boat. It may be a monster if the merger and sales start to drive this thing.
I read back a few messages when the price was killing you, did you get out and back in?
I agree. It looks like everyone who wants in are already in and simply waiting for merger confirmation. Though we may also see two groups fighting tomorrow. The group that just can't hold a stock over the weekend and the group that can't risk news coming out this weekend without having a position.
If we have a big volume day tomorrow without news over the weekend, it is more than likely monday will be another down day.
It is relevant everyday.
Hopefully we make lots of money on this. Our taxes will buy a lot of bullets. I know I appreciated them when I was in. Nothing lowers moral to an infantryman more than running out of bullets.
.80 sounds like a good place to let them off the hook. Not fond of the shorting crowd, but I'd be nice and let them learn a valuable lesson.
Lesson being: Not every stock that goes up comes back down.
On speculation it could easily hit .40. If it gets crazy which it seems to have the potential of doing, it could spike into the dollars. We will have to see sales to know what the realistic price is going to be.
Not the best of times to head to Seoul. North and South Korean navies just traded shots at one another.
Though it may be another incentive to merge and come to the states.