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Forget the phone call...there is probably only a few million shares between here and .80...just buy them up.
Just someone with a large position that wanted to sell shares that put pressure on the stock...someone was lightening up before PDUFA which if they have a large position is prudent (although is sucked like a mutha for us ). Almost 2.1 milly traded in an hour...and two days ago this was dead.
1.2 Million in volume in 1/2 an hour of trading and some nice size blocks being bought up ...damn...1.4 milly volume now ..nice
Good Call Dandreamoct!! You have to be one of the most enthusiastic posters on IHub...Good luck to us.
HOD close...let's hope this is a sign of things to come.
APPA +8% ..One of the few stocks on my list that is green today...hopefully this is the turnaround. Added shares at .57 today so let's get back up to where we belong (above .80)
I wish that were the case Dan..but BTIG is back at it today sitting at .57. Curious to see how long he waits there or if he moves down again.
CLSN up 6% to 1.19 on 80K traded in 8 minutes Pre-Market. There was an SA article put out yesterday touting it as a possible multi-bagger...FWIW
Maybe BTIG explained to the seller it would be beneficial to him if he let APPA get up off the mat and get some traction so he could sell into strength instead of crushing the share price. Let's hope he stays @ .80..that would be a great start.
Yeah..I was in AMRN and the same thing happened there also. They had 2 phase3 trials coming up about 6 months apart...before the first trial the stock was trading at 3.70 with constant selling by 2 of the original investors ( Orbimed & Abingworth) and people thought they "knew something"...well it more than doubled to over $9 when results were released- then six months later...same thing...stock was trading around 7.50-8.00 before the next trial results and the selling was constant..then when positive results were released it more than doubled hitting $19 at one point. With APPA- If it was a charity selling/dumping shares that would explain why they were selling at any price- it's all found money to them no matter what.
The Charity may be the seller. If that is the case...they could take this lower than the .52 where they raised cash last year...it would be all free money to the charity..no matter the price.
LOL..I know....no one here can be happy if still holding APPA for the past month or so...but it is no reason to blame others for ours underwater positions. Like I said..bios are tough..that said..I'll be looking to add if we dip to .535 as that is where I have a bid in..I still think we will end up higher eventually...Good Luck with the investments.
Yep..so much for him waiting at .60...He doesn't like to be on the bottom of the pile long does he?? Wherever he sits...we know that is the high...most likely lower now. Would love to know how many shares he has left.
Rickochey... he is a TRADER...he was in from the .50's..he posted when he bought and when he sold. If you bought in the .50's like he did...wouldn't you sell also and lock in profits? No one complained when it spiked after he bought in...go figure.
That post is a flat out lie and should be deleted by the mods. The selling started before Sheff sold...we all sat here and watched as BTIG sold unlimited shares day after day. Sheff sold the same reason a lot of people here did...BTIG. Don't blame other posters for your losses here...we all want to make money and bios are tough.
Now NITE has a bunch at .55...only retail but enough to keep us pinned down for a while...disheartening to say the least. At the LOD here.
I watch level 2 on APPA everyday..I don't see manipulation...all I see is BTIG with unlimited shares to dump and when he doesn't get buyers at his set ASK or if someone jumps in front of him he just keeps lowering his ASK. I agree if he got out of the way this thing would move up quickly...it's just a matter of when/if he is going to run out of shares anytime soon. With such a high share count he could still have a lot more to get rid of.
Thanks for the replies guys. I thought it was just Etrade the other day.
It's working with Etrade today...is it screwed up with other brokers now?
Down 20% and dropping...we going back up or is the promo over?
BTIG ( Dickhead) keeps dropping his ask even at these levels...now down to .615. Yesterday when the selling got intense he was dumping shares as low as .58. It seems he doesn't care what price he get he just wants out.
BTIG - .62 now. Even without yesterdays cascade down I think this is where we were heading anyways...not enough buying pressure yet to overcome BTIG's unlimited amount of shares.
If BTIG is still hanging around I hope that he holds a line at .65 at least..although that is not definite as it has been for the past month. He showed today he is willing to sell unlimited shares down into the .50's to get rid of them. Now back up to .62..and I'm happy? Yeah....a serious turn of events the past few weeks to say the least.
Yep...like he took his boot off of our neck..LOL. Some serious dumping going on here at .60...wonder if BTIG will jump back to the top of the ASK soon...it's been his MO for the past few weeks or so.
APPA -BTIG is still selling an unlimited amount of shares here even at .60 and below and whenever people dump in front of him he makes sure to get back on top of the ask no matter the price.
BTIG is still willing to sell an unlimited amount of shares at .604. Sheff's followers may have helped the downdraft but it looks to me as if BTIG was going to take it down there anyways...BTIG is still fighting to stay on top of the ask even below .60 now. Curious as to who is selling through BTIG even after we are down more than 15% now today alone. He keeps dropping his ASK....dropping it down to .58 now.
Same thing it's been the past few weeks....Market Maker BTIG has unlimited shares to sell and where ever he sets his ASK is the top...right now he is sitting at .69 and is showing 1000 shares on the ASK..but we know it's much more than 1,000...just don't know how many. He is also on the bid at .68..hence the .68-.69 cent trading range today.
Yep...the lack of volume is a real killer here. At least when there was more volume BTIG was comfortable sitting at .72..now with less volume he moves his ask down. Just wish we knew how many shares he has to go yet. One positive is the 1 milly and 500K blocks the other week says someone with $$$$$ is still interested in APPA at these levels.
LMAO...that actually the most honest post I've read in regards to promos. These promoters are very good at knocking the stuffing out of front runners these days. Watched people on the boards and in the chat rooms load DMHI yesterday and if they didn't sell within the first couple of minutes they got absolutely CRUSHED.....same with JALA, USRC? and now today REDG.
It's been ready to move up but unless BTIG removes his ask at .72 we ain't going nowhere. It seems like he has unlimited shares and if anyone else wants to sell they have to jump in front of him. I"m holding my shares here and will wait it out...very boring at the moment. Funny when I glanced at the boards earlier and people said APPA was moving...I checked and it was at .72...LOL...what boredom will do.
What "new rules" and what were the last 2 APS plays that dumped this big and rebounded? Thanks in advance.
Good luck to us then. This has got to be one of the quietest boards on IHUB. Saw it mentioned on the Value Microcaps board and decided to jump in today when it held support in the 7.70's. I could live with 30-50%..we shall see.
Can't explain the trading the past 8 trading days but I know it held support in the 7.70's and I bought in the 8.20's today. 4th quarter comp should be an easy beat and after being beaten down from $15 to 8.45 now as I type I think the risk/reward is in our favor. Good luck with the trading.
Thanks for the reply Run4it....I just don't like chasing but it does sound like business is good and a positive forward guidance would be another great catalyst I would think. Saw this one mentioned by SF and didn't get around to buying it yesterday...damn.
RNIN....are you guys holding through earnings tonight?
Approval here is much more important than the current earnings report.
Bear raids are quicker and more severe and usually closer to the catalyst date. I have orders in for the mid .60's again just in case. As I watch this one and DARA it reminds me of when I was playing AMRN before both phase3 results...price dipped and people said the results would be bad....both times the results were great and the stock doubled each time after results were announced. Holding strong here and will add if it hits the .60's again. Bio's definitely require a strong stomach.
DARA- you little tease you. Always shows strength premarket then the decline during the day and then right before close back up to 1.15 or so. We need a lot more volume to get past that 1.20 resistance for good. Now down to 1.09 on 225K traded.
Last time we heard "Golden Cross" we gave back all our gains :0(
doesn't hurt that $heff said he rebought..that's good for some volume in and of itself...along with the increase in institutional holdings...good times.