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Occam's Razor dictates that the simplest explanation is usually the correct one. It says nothing about the most obvious solution.
Also, the term usually in itself denotes chance. And if we're going for a Occam's Razor solution to this I would say that many on the board have offered a much more simple outcome than your convoluted theory of shares that may or may not be diluted and a price at which they must stop selling. (a price at which you most likely wish to buy at)
The more simple solution is one that has been suggested many times and I believe to be the most likely and the most Occam's Razoresque outcome.
ATRN has gone down too far, too fast, is too oversold, and will go back up very soon. (How simple is that?)
Good Luck to all.
I disagree. The chart posted with the information explaining the annotations was very useful. Maybe not to you, but certainly to others. Not everyone understands TA well, and a chart like the one posted is a very useful teaching tool.
I understand that you're saying it will not be a reliable predictor of price action because of the added dimension of unknown quantity of dillution. However, I find it unhelpful and impolite to so quickly dismiss others hard work.
And to totally dismiss TA because the company is dilluting is probably not a sound strategy either.
I do wonder about the added dimension of dilluting and it's effect on technical analysis though, and I would really like to see some study of this.
But I especially agree with your last point. ATRN will be going up soon, simply because it has been down too long.
ATRN bounce coming.
Agree also.
ATRN is way oversold with lots of people watching it and waiting for a rebound to jump on board.
It will happen soon I believe.
The chart doesn't look that great but it does point to a couple things that scream reverse.
The RSI and Stochastics has been way oversold for over two months. That's a long time to stay oversold in pennyland.
The PPO and ADX are showing a massive pinch play that is rarely shown so clearly. Stocks that get squeezed this strong, this long, tend to bust out in a big way.
That 'bust out in a big way' will come very soon I believe.
ATRN - Daily Candlesticks
He's joking. It will open very close to where it closed unless something happens before market open on Tuesday morning.
That bid and ask mean nothing. I have seen it posted like that several times on my TDA screen Friday. It eventually gets reset to the real values.
I don't know why those numbers are listed, but I will tell you they are not the real bid and ask.
LOL....thanks. :)
I was starting to get depressed with the negative posts. That helped.
"Good afternoon Mick.",Kevin typed in his best grammar.
And Happy New Year to you sir. :)
Thanks for the warning...its clear that you have our best interest in mind.(sarcasm heavily implied)
LOL....go ATRN :)
my wife is a pet photographer and she has a thousand pics of Schmorkie.
That's my first one. My wife had to have one. I told her no....that's just a stupid little non-dog. So, after putting my foot down on the matter, we proceeded to get the dog of course.
Now she's mine....ALL mine :) I stole her from my wife. I just love that little dog.
We can sure tell you really don't care about this stock like you claim.
I still feel pretty good about this stock at these prices, but time will tell the story.
The pincher on the chart really makes me think ATRN is just too ready to move up.
I have some real questions about it as well. I saw several people ask the same question that is troubling me the most.
So many ATRN shares trading right at .012. How is that?
I would usually agree that 'nothing is as bad as it seems', but in the case of that last post I have changed my mind.
I started reading it and quickly affirmed that 'this (post) IS as bad as it seems.
There were no facts in it, just doom and gloom speculation.
ATRN is probably a good bottom play right now would be my estimation. Maybe right....maybe wrong.
But I believe it's gonna go up from this area or very close to this area. I think it's a good play with lots of upside.
Thank you so much. I appreciate the welcome.
GLTA
Thank you. Very nicely done. What's the secret? How would I apply that to my default chart settings?
does anyone know how to get stockcharts to output more decimal places on the price? Mine only has two decimal places.
Spot on with the last 15 min push.
BPAX....great close. Moving up with sooooo much room to move. How big is the gap?
BPAX very strong close once again and NSRS is ripping skyward.
I find I disagree with you a good bit of the time. But it provides for some interesting banter. And....AND...I really like your favorite quote. As you can see I'm partial to Will Rogers trading philosophy also. :)
So person mark for you and good luck in all of your trades.
Kevin
Thanks Dav....I'll be watching for that. It's looking real good so far.
Person mark for ya.
There it is......!
Right you are. BPAX is consolidating nicely in this range. It seems to have some resistance at .52, but once it breaks that again I think it will move up nicely.
BPAX will be a daily climb up for awhile I think. No rush.
BPAX on rebound and trading below cash with Huge gap to fill
My BPAX is doing very nicely for me today. YAY!
Nice to see you GEM 0/
Have you had a look at BPAX since you advised this guy not to buy in?
BPAX is in a very good position to move up. And guess what......it's moving up. Not down.
BPAX looks very good to me also. I think this is a very nice setup for a rebound.
LOL jeffn. Good one.
BPAX on buy alert.
Hi Wolverine. Very nice to hear from you again. Merry Christmas and Happy EveryYear!
Breifly, the drop was caused by the phase 2 testing results of BisSante's Libigel trial. It wasn't perceived by the markets as having met expectations.
I believe there was a major over-reaction by the markets. Maybe a few regular characters jumping onboard to take advantage. MM's, shorters....this made the tank accelerate and gain strength.
Anyway...from what I've read there isn't anything substantial saying that libigel won't work. I believe it still has much promise, or the PPS would still be going south.
I also think that in the next few weeks the upside from here is going to be substantial.
You're right in saying that it seems to have found support. And anything over .5 should indicate breakout. I think BPAX will see that tomorrow, or early next week.
Hope all of your plays are going great!
P.S. Let me in on any great pre-load tips you got bud. :)
Yes...I looked at the chart. You're a day late and several dollars short I imagine.
nice try.
Agreed. This is a great time to take a position in BPAX
BPAX is clearly grossly oversold and ready to move up. MACD very low and moving up.
Stochastics way oversold and moving up.
PPO and ADX moving together towards a pincher move.
Last 4 trading sessions green and moving up.
HUGE gap to fill.
If you're a bottom, bounce, pincher player, or love stocks that are undervalued to cash. THIS is the play. Seems like a total no-brainer to me.
BPAX is looking very good.
BPAX worth taking a serious look at.
BPAX is clearly grossly oversold and ready to move up. MACD very low and moving up.
Stochastics way oversold and moving up.
PPO and ADX moving together towards a pincher move.
Last 4 trading sessions green and moving up.
HUGE gap to fill.
If you're a bottom, bounce, pincher player, or love stocks that are undervalued to cash. THIS is the play. Seems like a total no-brainer to me.
BPAX is looking very good.
BPAX worth taking a serious look at.
BPAX is clearly grossly oversold and ready to move up. MACD very low and moving up.
Stochastics way oversold and moving up.
PPO and ADX moving together towards a pincher move.
Last 4 trading sessions green and moving up.
HUGE gap to fill.
If you're a bottom, bounce, pincher player, or love stocks that are undervalued to cash. THIS is the play. Seems like a total no-brainer to me.
BPAX is looking very good.
+1
He totally misread it anyway. There was nothing divergent about Dec 12-13.
BPAX is clearly grossly oversold and ready to move up. MACD very low and moving up.
Stochastics way oversold and moving up.
PPO and ADX moving together towards a pincher move.
Last 4 trading sessions green and moving up.
HUGE gap to fill.
If you're a bottom, bounce, pincher player, or love stocks that are undervalued to cash. THIS is the play. Seems like a total no-brainer to me.
BPAX is looking very good.
Around December 12 and 13 the price was going up and so was the RSI. In what fantasy TA world is that divergent?
Stochastics and WM%R also rising. Once again....not divergent.
I have never seen anyone have such a flare for throwing around such a large vocabulary of impressive sounding technical terms in the wrong directions at the wrong times as you do.