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That would make the current share price north of $45. Not going to happen.
It was never at those prices. They just had a 1:20 reverse split 10/13/17. That means every historical price is artificially showing 20x higher than what it actually was on that day.
They also had a 1:30 reverse split on 1/13/17. So historical prices are further artificially showing 30x higher than the 20x price.
Actual price on 3/1/12 would have been $13.74.
Not that any of that matters because with 2 reverse splits and following dilution, the share structure from 2012 to now is completely different.
A share price of $13,740 with today’s share structure would value CHFS at $24 Billion.
Like I said, anything pre-reverse split is an imaginary number. Anyone who quotes it doesn’t understand the first thing about trading and should quit immediately.
Because of reverse splits, the share price was never at 13,000. Quoting it as if it were an actual past price is irrelevant.
Breakthrough Drug application submitted. Meeting with the FDA scheduled for May.
$GALT is the play of 2018
http://investor.galectintherapeutics.com/static-files/92e67846-9314-4e5c-8cff-cdafde83b09e
In all fairness to Clay, this article doesn’t expose anything. It just blames Clay shorting for something that always happens after a massive run, which is the stock drops.
In every case, though, it’s more likely everyone is selling to take profits, rather than shorting.
Any new predictions?
Where’d Cjski68 go? Chirp, chirp.
All of this flipping for .005 is great to see. Due to the volume it’s clearly MM’s balancing their books and clearing out their naked short positions since the last run up.
Once they’re squared away, AKER will take off again on the next leg up.
I would wager that we’ll be setting a new baseline around .60 or .70 by the end of March when their 10K comes out (which will likely cause a small sell off because I don’t think they’re profitable yet) and not long after that FDA which will send us up over $1.00
Mark this post.
I’ve got 100k shares on it.
What are you trying to say other than generally be annoying? There’s been no news, stock is rangebound, it was down 2 days ago, up yesterday, down today.
It’s “chirp chirp” around here because everyone but you realizes there’s nothing to talk about.
Given the move $AKER just made, I’m looking forward to the day you disappear.
Don’t talk about yourself like that, I’m sure you’ll find someone.
Only important to short term flippers and traders. I have 100,000 at .45 and I’m expecting to double up on or before FDA. I don’t even look at the chart right now.
Stocks do that sometimes.
Good luck to everyone today. Frankfurt ticker for $ACB, $ACBFF (FRA: 21P) is up 17.25% so far today. Good things to come!
Thanks. Sounds positive so far. Stock reacting favorably. You know when they’ll actually vote on it, or is it just more discussion for now?
What’s the hearing about?
I haven’t even watched the vid yet, but I bet it starts something like this:
“Hi this is ClayTrader, this is going to be a video chart on ticker symbol A-K-E-R and we’ll be looking at the 30-min time frame. Real quick what do I mean by 30 minute Incase some of you are new to charting. Instead of each one of these candlesticks representing one days worth of price action, which is what you would normally expect, each one represents 30 minutes. So instead of this being days and days worth of price action, it’s just the last couple days broken down into 30 minute time slices.
I like to do this time frame because I think it does a good job of telling the quote-unquote story of the chart and makes mapping out levels of support and levels of resistance easier.”
You replied to my post. You said “I got stuck in one once doing that.” But you weren’t talking to me; had nothing to do with me?
Good to know, I guess.
You were up 200% and didn’t bail? That’s just ignorant. Comparing yourself to what I’m doing right now is insulting.
I bought 130,000 at .20 on Jan 16th and haven’t sold a single share. Typically I flip for 10%, but I feel like if I do that on AKER I will regret it for the rest of my life.
Whoops! More than .03 now AH.
Nope, not a penny. Closer to 2 pennies!
Ok, just keep watching L2 for that 911 trade so you can really stick it to them!
Market makers are literally just facilitating trades and making commissions on the way. They make money whether the stock goes up or down. They literally have no use for manipulating a stock. You have no idea what you’re talking about.
No one. But you said we would see .20 or .22 today. That didn’t happen. That means you were wrong.
I never said it was going to .35
You’re the one who said it was going to .22
You said we would see .22 or .20
We’re not even close to that.
There’s no “more correct”. You’re just wrong. Making calls and basing them on nothing.
I had a broken sundial once. It was right more often than you are.
Based on what!?
$AKER has been bouncing higher off the 5DMA for 2 weeks now. It’s consistently putting in higher highs and higher lows.
But you think with no news it will suddenly plunge 4 cents below the 5DMA?
If you’re gonna post unsubstantiated garbage at least try to back it up.
I own 130,000 because I believe in the chart uptrend, just not sure that I believe in the company yet.
Their Heparin test is advertised at about $100 per test, with a potential market of 4,000,000 tests yearly in the US alone. The test was FDA approved a couple years ago.
In 9 months in 2017 they only sold $1,600,000 worth of heparin tests, or 16,000. Why so low!?
The only thing I can think of is that the test is advertised to be 98% accurate. But with 4,000,000 tests annually, that’s a potential for 80,000 misdiagnosis.
That can’t possibly be acceptable. So is that what’s preventing more rapid and wide spread adoption?
Is this test less relevant to hospitals where lives depend on accurate test results and more geared towards at home self diagnosis where the results come with a big asterisk and to go see your doctor for more definitive results?
Like I said, the chart doesn’t lie, we’re in an uptrend, but is there any fundamental reason behind it? So far I don’t see one.
So not a buyout, just an earnings notification? Good to know. When’s next earnings scheduled for?
Anyone here know the story with this co? They’ve got a rapid heparin allergy test that costs less and gives results in 10 minutes vs 24 to 48 hours. It’s FDA approved, so they’ve clearly invented a better mouse trap.
Their presentations say there are 4,000,000 of these heparin allergy tests conducted in the US every year. Their test kits are about $100 each, so they’re staring down the barrel of a $400,000,000 yearly market.
But their latest 10-Q shows just $1,600,000 in sales.....16,000 test kits sold.
Their test kit has been FDA approved for years now. Do they not have a marketing team promoting this stuff?!
You’d think after 2 years they’d have been able to capture more than .4% of the market.
It’s been holding the 5DMA for more than a week now. Not sure why you thought it would suddenly plunge 2 cents below it.
Huge drop. Hope you’re right.
120,000 bid at .24
See you all at .30
Heavy Insider buying.
Lunch rush? Let’s see a NHOD
0.77x0.78 now! Here we go!
.74x.75 gapper!
This can’t possibly be a coincidence??? Can it?
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