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Something is going on. NXTD should be over $4 by now. The only thing I can think of is investors worrying about a possible stock dilution.
We need NXTD to go above $4 on at least 20 million volume indicating big institutional investing.
With this small volume... We're simply trading stock back and forth to each other....
After hours...
It seems for the past couple of days, someone keeps buying NXTD stock in after hours market at a price way above where NXTD closes during regular trading hours. Why would you pay $3 NXTD when you could have bought at $2.68
I'm not worried about the 3 buildings... I'm worried about how they're going to raise money. Even if they find investors, NXTD will have to pay them with stocks...
Risk to reward factor....
Be careful with NXTD. If they announce one more delay.... I don't care if it's a one day delay... We will go way below $2 a share.
The easy money has already been made in this stock. If you read through the 10K, they mention they need to raise money. I hope not, but I have a feeling they're going to dilute common shares to raise money.
There is no way that patent news from today caused that spike in volume. They mentioned voice patent payments from Feb. 23.
Todays news came out at 8:15am. At 8:22am someone bought 1000 shares at $3:30.
I'm not saying this happened. But if I wanted to jack the price up of a stock and I had millions of shares. I would offer a small amount of shares at $3.30 through one of my online brokerage accounts. Go into my other online brokerage account and buy them at that inflated price of $3.30. The rest would be momentum when other people come in and start buying..... I sit back and wait for the volume to kick in. And just hit the sell button until I drive the stock price all the way back down.
Be careful,
The last time the stock price went up on no news, we came right back down.
The only news I can think of is the company Anthem Inc was hacked. But no credit card information was tampered with...
We'll be around $2.00 a share by Friday. We need news and I don't see any in the near future. Very upsetting...
It's true.
The CEO said the wocket will be out around Spring time. The hold up was the manufacturer. I know before they were having a problems with highly specialized parts. Which was supposedly resolved.
I think they're having scale-up issues...
Spring time is only like a month away.....
Do I wish I had sold when we hit $3.50 a few days ago... Yes... But that would only be so I could buy back in at lower price.
seeking alpha to visit NXTD florida facility to verify scalability of operation.
http://seekingalpha.com/article/2818776-a-response-to-the-skeptics-on-nxt-id
This above article is why NXTD touched $3.10 on Tuesday..
After hours,
Someone bought 145 shares at $3.24 per share in after hours trading. Yesterday, we had a trading volume of approx 500 million. Decent but we need it in the millions...
I cannot find news anywhere. I would like to think it's a result of CES 2015...
Without follow-up news, we'll go right back down again...
I hope the delay with the wocket is within the planning of mass scale-up and not because of a bug within the wocket. Even when a company like Apple releases a product, there are always bugs...
product coming soon. http://www.investorideas.com/CO/NXT/news/2015/01121.asp
No information as to an actual date. Everyone is waiting for the wocket. I don't care about these small daily movements in the stock price. Mostly because there's no volume.
More than likely, there will be a stock offering. Simply because they need money to scale up production. Stock offerings are usually bad for stock price. However, it's not like they're using the money to pay off debt. There's nothing worse than creating further debt to pay off current debt.
I could be wrong, but if (or when) they do a stock offering, this would be a sign of mass scale-up production. I think it shouldn't bring the stock price down too much.
Hold up,
I don't think the holdup is with NXTD but with outside vendors that NXTD is relying on.
I'm sure alot of you have already read this article. But just a reminder. If you think it's easy putting together a biometric device like the wocket, you're wrong.
http://www.prnewswire.com/news-releases/wocket-production-update-277271581.html
Before you goto Palm Bay, just a quick note from article dated sept 26 2014
Wockets are designed and engineered in Palm Bay, FL and assembled in the USA at a state of the art, 230,000 sq. ft. production facility in Melbourne, FL
This facility has been qualified to produce the miniature electronics required by Wocket and is one of the leading manufacturers in the United States, with multiple locations throughout North and Central America to allow for expansion as needed.
Certain unique components invented by NXT-ID are currently in production and on schedule. These highly specialized parts are part of our unique miniaturized technology and are less than half a millimeter in thickness. Utilizing this specialized technology ensures Wocket's success at point of sale terminals where other digital wallet technologies cannot operate, such as gas stations and ATM machines. We were recently informed that some other components supplied by outside vendors, have lead times longer than previously anticipated, thus causing a slight delay in our production as we await shipment from these suppliers. We continue to source alternate vendors to maintain a strong redundancy within our supply chain.
We cannot really count on the stock price holding above 2.50 without a volume at least over million.
That soundview article seems very encouraging. I'm sure it was slightly bias. I hate the way they give NXTD an IV of 8.18. Just give us a price target. I don't care about intrinsic value unless your trading options.
NXTD is fine for now. I don't know what it's going to take to bring that much needed volume back.... I really thought we were going to see at least a volume of one million today.
Volume
Without volume, we'll keep going up and coming back down. This was good news today.
very strange,
This stock moves up on news of NXTD ringing the NASDAQ bell when is was at a much higher price.
On decent news of NXTD closing pre-orders it moves down. We have no volume. I'm afraid this stock is dead.
IF we get no news next week, the stock will go back down. Hopefully, not below 2. Someone is keeping the stock up around 2.5. They came in and bought 8500 shares in the last minute...
No news. Either someone has info the rest of us don't have and is buying many shares... Or someone with a lot of shares is putting in high Bids to drive the stock price up.
It doesn't matter. If no news comes out, the price will go right back down again.
They present Oct 6-9 2015. Not 2014
bmod is gone. It will soon be below 1 cent. Once that happens, it will not come back. Then it will start to get ugly. Stock splits, stock offerings....
Well. You know what they say. 30 is the new 20. Remember the days when our stock was in the 40s. and then the 30s... Well, there's no need to worry about being stuck in the 30's. Monday, we should sink in the low 20's... On the positive, we're part of the generation y. Generation x was too negative anyway....
We're trading down because people believe the automation of Cypath will delay everything... I thought it was good news... Appearantly, people think otherwise
Hey Dutchess... VKNG is at 34 cents... Isn't it about time you start giving away stock at 29 cents to keep the price down...
Sometimes you have a good company but it's stock performs bad. Other times, you have really bad companies with no hope of ever generating a revenue, but for what ever reason, their stocks go up. Then there's AAPL that is both a good company and stock.
Unfortunately, VKNG is a good company but its stock is horrible. I swear, if you changed the stock sybol, it would be a $1 to 2$ stock.
At this point, even if VKNG announces good news, it won't go up much. And the little that it goes up will only last for a couple days before it pulls back again.
The CEO is not an idiot. He just may have chosen the wrong people to conduct the clinical trial. You're at the mercy of these CRO companies. They are very expensive. Not everyone can afford Makro or Quintiles.
And if you're going to call a 5 or 7 cent bottom. Give us date. Anyone can just come in and keep saying we're going down everyday.
Dont worry about the price action of RPC. Their test kit, DR70 was originally approved for colon cancer detection. Then RPC changed the name from DR70 to ONKO-Sure and atempted to get it approved as a general cancer screen, but the FDA will not approve any cancer dectection kit as a general cancer screen. You can only use a general cancer screen as part of a annual checkup or whenever your doctor performs a checkup on you.
Out of no where, RPC announces validation study for blood tests results for early lung cancer detection... They annouced that on Wednesday. Friday at 4:03pm that released an 8k announces the defaulted on some debt.
The company is all over the place. I don't think RPC price action will be indicative of BMODs price action. Not to mention, RPC simply annouced a validation study. It's not like RPC annouced FDA apporval for lung cancer dection.
This stock will not move. At this point, even if Sony agreed to buy them out. It would not matter if Boston Scientific annouced plans to buy millions of 3DHD units. I 've seen other stocks with bullsh$# news double and triple. It like someone owns millions of shares of VKNG and everytime we begins to move up... They sell their shares 5 cents lower on the current ask price just to start a downward momentum.
dgras, was it word-of-mouth where you heard it was an 80% miss or from some report you found online? 80% is a big number. I'm a little confused on how they were unaware that the cancers were outside the lung cavity. I know in clinical trials they look at patient charts. Whatever the reason was... I know it seems like BMOD are the idiots here. But I believe that once you hire a CRO to conduct your clinical trials... You're at the mercy of that CRO team. I also believe BMOD is trying to take on too much at once. Just focus on the phase II data. Forget the cervical and breast cancer detection for now. I don't think they have a big enough team to task all that at once....
Anyway, I'm stuck in BMOD well into 2011. So much for sleeping....
To a day trader, the extention of the pilot clinical trials of Cypath was a bust. They don't like being in a stock for long. And when it drops 50% after they buy in, it has to go up 100% just for them to break even.
However, to the invester, it's just a temporary set back. Of course, if you stay in too long and the Cypath fails, you loose all your money. If there wasn't risk involved, the stock price would be much higher.
I seems most of the people in BMOD are traders. And when the stock doesn't go up the day after they buy in, they get angry. They get impatient. They start screaming scam. The CEO is lying...
It seems over the past couple of days, people who were buying in with $10,000 or more worth of shares at a time, were controlling the price of BMOD. As the volume goes down, people who buy in with $1000 or less of shares at a time, will be controlling the price of BMOD.
You have to look at volume. Someone bought around 1000 shares at 0.185 in the last minutes of trading. For now, I see volumes in the tens of thousands when people buy BMOD around 0.170
We need that Phase II data or some breaking news to get the stock back to a solid 0.20
Something is keeping VKNG down big time. I know they have debt like every penny stock. Any other stock that reported the same news VKNG has since Sept 8 2010 would have doubled by now.
dgras,
We know the risk of being in BMOD. If you don't trust Cousins, then go find another stock. Why would we go on yahoo, 99% of the posts are spam. I also like the way you assume we don't read through the 10Q, 10K, etc...
Volume,
Don't worry about the price action on a day-to-day basis when the volume is only 100,000. When they announce the Phase II (whether good or bad), then you'll see the volume go over a million. Right now, the volume is so low it's hard to even buy $10,000 worth of shares without driving the price up. It took me all day to scale in.
Obviously, BMOD is around .20 cents for a reason. However, they only have around $112,597 short term debt (as of June 30 2010). And a near term catalyst (the data everyone is waiting for). Sure there's great risk involved. That's why the stock market is not for everyone.
Volume,
We will probably trickle down today. What we don't want to see is big volume as we trickle down. Eventually, Phase II data has to come out whether it's good or bad....
You can't just look at price movement. There has to be a volume increase as well. We're not getting volume. You have to wait for the release of Phase II data. BMOD went back to .20 on 10,000 shares. That's only $2,000 dollars worth. We need to see the volume at least in the millions to really see a price movement.
Relax guys,
Phase II data will most likely not be out today. Let the stock pull back. I'll buy more.
Let the dumpers talk their talk. About the biomed interview. All they're trying to do is knock the stock price down so they can buy back in. The volume is just not here yet for the stock price to move up.
Yeah you can lose all your money trading penny stocks... If you can't take the pressure, go buy AAPL..
Volume...
I wouldn't get too excited about yesterdays volume. The typical volume is 250,000. It was almost 500,000. So basically $50,000 worth of stock purchase brought us up.
I could be wrong, the volume is still not large enough to attact the really big money.
The bottom line, we need that phase II data to be released.
You can't having selling without buying or vice versa. I believe you have to look at the advance to decline. Or just simply look at the stock price.
I called Bedford and they told me Warren is offline. I asked if they would be reporting a quarterly earnings for 2010 and they said that Warren would have to be online for them to report any kind of earnings.
And thanks to the BP disaster.. They are trying to pass some bill where they would raise the liability cap from 75 million to 10 billion which would put these "ma and pop" oil companies out of business. At least for offsore drilling.
If they can get Warren back online, maybe Bedford has a chance. I have to tell.... You can say what you want about Bedford. These guys don't give up...