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It will be interesting to see how this stock trades now that we know the release won't be until March. We could see it move gradually up until the release date but that is at least 30 days away so we could see some profit takers giving us a breather and a chance to buy in.
I'm hoping to pick up some more shares on a breather. I have a good foundation in the stock but would like to still add before the release date is even announced. GL out there.
The documents will be available on Monday at this web address
http://www.fda.gov/AdvisoryCommittees/CommitteesMeetingMaterials/Drugs/OncologicDrugsAdvisoryCommittee/ucm195226.htm
had to add around .0021 but lots of 5k and many of them
I can't even get a limit order filled at .0019
I've scouted restaurants for clients and for example, i found a 6k sq ft restaurant/bar that was negotiated down to 18k including CAM and that was a hell of a deal.
As long as they continue to acquire contracts...I'm not concerned with the 12k. If they struggle to acquire more contracts within the next 3 months...I'll have to change my perspective
owning would have cost them more most likely...many new structures are typically having cost overruns. 12k a month isnt that bad actually
Still strong PPS...I have open buy orders in .0016 that haven't filled or even partially filled at all. Volume is a bit light though...I'd like to see that stronger.
Thanks for all the emails too on the article I posted...you have some great questions/insight...you should really consider posting them openly on the comment section for all to see rather than private emails. either way, thanks
as far as i can see with quick research, BIEL has half the amount of O/S that CBAI has. Unless BIEL did a R/S which I havent been able to confirm in the short time i looked.
Are you basing Feb 15th off rumor on this site or any other outside information? I'm trying to figure out where that date came from.
No, I didnt do the math. I just remember doing that a few years ago and knew it was over a million. I wasn't trying to make a math point, I was trying to make an overall point on the buy and hold concept.
I wouldn't go as far as to say "peaks." I don't believe you can time the market perfectly. I sell if the momentum turns negative just like i buy when the momentum is bullish. A quality stock never prices in all its gains in one day.
my Apple trade (can be verified on my site) was a somewhat good example. I rode the momentum up and when it started to fizzle and drop, i sold before it tanked now giving myself the opportunity to buy back even lower than my initial entry point. Overall, I could have held, waited 6 months and sold at 250 for a nice profit. Instead, I sold when it was starting to fizzle now allowing myself the ability to use my capital elsewhere to make me money in the meantime while I wait till tech/apple is loved again to which I can ride it up to 250 and higher.
Just like I've been telling everyone in my articles that the momentum is negative and we were going to encounter this Bear market that we are in today (you can verify my prediction in my articles on my website)...I go with the momentum rather than fight it. I do my best to take my emotions out of the market and I don't have ANY loyalty to any stock, EVER. The money a stock made me last year doesn't history will repeat itself this year.
When a stock starts to fizzle, I research and analyze and TRY to determine whether its just a small breather and I should buy before the next leg up OR if it's going to drop further where I need to take out "an insurance policy" and sell some to buy back at a lower price....therefore protecting capital and being able to make even more gains because i didn't lose much, if any, to begin with.
If my insurance policy is wrong...who says I can't buy back in at a higher price assuming my catalyst is still there? If a stock is going to make huge gains...its not going to make them all in one day else it's just a trade and not a long term stock. so maybe i missed 40% out of a total of 300%....thats fine with me because I'm more likely to minimize my losses when that insurance policy pays off.
Yes, I enjoy watching Cramer for entertainment reasons mainly as his show really isn't too helpful for a serious investor. His books are another story...I've read them all and they are filled with good information. However, I feel his strategy is best for a less active investor OR a 50 something year old investor trying to make some gains but nothing extraordinary before retirement. My strategy is a hybrid of various respected analysts of mine and he's only a small portion of it. GO CBAI! GL out there.
Mike
Charts are just ONE tool to managing your portfolio. They can be great predictors but history doesn't mean you can always accurately predict the future off it. It is just a guideline and you must use it as part of a total portfolio management system.
Charts personally assist me in protecting my capital from losses which makes my gains that much more significant because I'm not fighting to makeup losses like the next person will...as that is arguably the BIGGEST problem individual investors encounter and never learn to remedy. I discuss that on my site. It also helps me sell before a drop (like I did with CBAI) which now i have more capital to invest when it hits these levels therefore making my gains much better and protecting my losses therefore making my gains that much better two-fold.
I think it would be a bad move to toss out charts...but obviously that is your decision and not mine, just trying to give my friendly two cents. If you want to discuss more on it, we can talk over PM or on my site. I still believe it is one great tool to overall portfolio management which in the long run will net you better gains than the average individual investor will ever have. GL out there.
Mike
I'm assuming nobody can verify this else it would probably have been posted by now but I've read on another forum about a rumor Feb 15th is the launch day.
While I don't buy that it's a legit launch day, I do want to see if that launch date has anything to do with the rumors I've seen on the pennystock newsletter that has swirled around.
Either way, If we jump significantly without a launch date, I will take some off the table as the jump is purely an emotional reaction with no revenue to support it. GL out there.
Mike
While I believe there is a good chance we break all the way to the 200 day SMA, we still have resistance at .008
Boooooom! AH is wild
I'm now in a hugging mood
It is bittersweet to be right in my articles that we would break under 10k. CBAI did hold up fairly well given the panic out there. Tomorrow could be another wild day as I'm not expecting Job Reports to be positive.
very strong today...very impressed. keep in mind the higher we go, the more likely we are to start accumulating shorts.
im interested to see how we do tomorrow if job reports are bad. im expecting a bad beat tomorrow and the overall market sentiment negative again with potentially poor job reports leading the painful way. tomorrow will be interesting. GL out there.
Mike
They release today and no interest on the board? I figured we'd see more activity by now.
Glad you enjoy...thanks for the kind words. Be sure to post comments on the blog as well. GL out there.
Mike
Thank you...I'll take a look at it. I have a lot on my list to view actually, just havent had time lately with managing my own portfolio while researching/writing so don't think I'm not thankful for the heads up about new stocks. Im considering expanding my site with more blog authors to assist in some market research. Than I'll have a bit more resources to gather info. GL out there.
Mike
Yes and No...It was also off the low of the day a few times today only to go lower.
I've been updating my blog followers on the site below...looking to add to CBAI, GOIG, and GLD on the weakness but not doing a whole lot until we see some clarity.
The S&P 500 is back to 1071 resistance which is the positive I see but if it breaks that resistance without a bounce, we could be in a freefall.
We are still strong after the market has gone from scared to downright fearful. No bulls coming to the rescue so far but GOIG is standing strong at .0015.
With this positive action here, we might not even see .0013
I'm going to be patient and wait today. I don't see us breaking higher levels today....I think we have more downside risk at the moment with many bulls sitting on the sidelines. I'll be patient and see if we drop over the next hour or so...to which I'll buy aggressively if we do. If not, I don't think we jump up too high so I wouldn't lose out much. GL out there.
Mike
while GOIG typically will trade under the radar of the overall market, I feel we will be creating a huge downtrend if the S&P breaks below the resistance at 1071. I don't think GOIG can handle that huge of a bear market and keep around .0015 which it just broke the upwards resistance yesterday.
I'll be buying if we do go lower but I hope we don't lose some believers in this stock because of the bear market scaring too many.
Very true however just a PR would be an emotional boost that I'd sell some shares into the jump and rebuild my position when it takes a breather...as they usually do and sometimes right back to where it started before the PR move.
One thing i've learned, and discuss in my blog, is that small cap stocks are filled with panic sellers who freak out when a stock takes a breather and panic sell thinking its going to tank. As long as my catalyst is still there and hasnt changed, I take advantage of those "breathers" and rebuild my position while being able to lock in some profits from those sales I made.
Don't get me wrong, it doesnt always work as perfect as it sounds but it is a good insurance policy to take some off the table and worst case you buy back a bit higher if you were wrong. Selling is one of the most important tools an individual investor has. We can move in and out of the market quickly and swiftly whereas a large fund does not have that ability.
I always want a banana when they are green but I never eat them all when they are yellow..go figure. you want what you can't have
I'm pretty shocked at how well GOIG is holding up today. I'm not adding much today as I posted in the recent article I just wrote (website below) but if GOIG does break lower, I'll probably be adding. I'd be surprised if we don't dip below .0014 today with the market acting the way it is...if we don't, that's a very bullish sign and I'll just have to pay a bit more to acquire the shares I wish to obtain at cheaper prices.
Per my last article written this morning on my site below, I'm being very careful to put any more money to work in this bear market however CBAI at these prices I can't pass up so I'm adding to my long position now. GL out there.
Mike
Remember, cure's are not as profitable as mediocre treatments that you need the rest of your life.
Im still young but i have terrible hair genes in my family to look forward to. I'm hoping for that one pill to cure any type of potential hairloss down the road but instead I'm told I need to use Rogaine daily and in the small print, "may cause impotence." haha
I think the drug will be passed...even if its just experimental testing for patients at high risk of dying already. GL out there.
Mike
The biggest concern with a R/S is when EPS is negative. an R/S is great for psychological reasons (and the market is very emotional as I write often in my blog) however an R/S with negative EPS is prone to taking a beating because the PPS looks (psychologically) too high, among other factors.
While it's not right to value the stock on PPS, that doesn't mean a significant portion of others won't do it.
Save some for lower...I think we see some better PPS (could be bias cause i'm hoping for it too...I'd like to increase my position after selling some into the highs)
Just following your lead buddy
I'm surprised the sentiment on here is turning negative rather than excited at the opportunity to buy more shares at a cheaper price. I know I'm excited over it and I plan to add to my position. GL out there.
Very strong last hour and finish. That to me is very exciting news as many people surely made some decent percentage gains and either we have a huge influx of new buyers AND/OR those existing buyers didnt hesitate to sell into strength and rather hold for the long/add to their position. I wouldnt have been surprised to see some weak hands sell (maybe just bias as I was hoping for cheap shares) and the price dip off its high of the day but rather we created a new high.
very bullish on that and will look to expand my position this week. GL out there.
Mike
i suspect we may see some in the final trading hour and i'll be looking to add
Absolutely, albeit not as big as say the Sirius XM short squeeze (article on my blog and seekingalpha, do a search for it on my site) but enough to give us a nice positive bounce. Keep in mind, once they cover, they typically leave their position meaning the sellers increase and the price goes down (takes a breather as I like to call it). So in this case, I plan on selling some of my position into the strength than buyback, if I'm right, and it takes a dip to where we will gain another leg up after.
But all that hinges on an FDA approval so lets hope they do the right thing...I never feel very comfortable when I have to rely on a governing body to make the right decision. We all know they should though. GL out there.
Mike
Unfortunately not everyone agrees with you as I'm already receiving messages that it wasn't bullish enough and/or I shouldn't have posted any negative news about it. I write by putting the cards on the table, giving analysis (good and bad), than explaining my decision. I try to keep my readers informed with the good, the bad, and the devils advocate...I feel it's a very helpful teaching tool. However, it seems more disagree with me than agree already...even though I'm bullish on the stock.
So long story short, thank you for your positive feedback. Definitely appreciated. GL out there.
Mike
Here is the article as promised. Thanks to the positive private messages sent. much appreciated.
2-3-10 ARE YOU A TEXTING MACHINE? A COMPANY CAPITALIZING ON IT
SeekingAlpha
I'd also like to thank Rewind2Grace for pointing me to this stock...I think it's a great call. Thanks buddy...Hope all is well today.
I'll be posting a Bullish Article today on GOIG to my Official Blog and SeekingAlpha Blog. Should be out late morning/early afternoon Central Time. Too bad I didnt do it this morning else I could try and convince all of you I was the reason for the move up, ha. I'm sure I'd have made a lot of friends if I could do that!
Official Blog
SeekingAlpha
I'd like to think that the move up is due to my article below.
2-3-10 FDA Approval and a Short Squeeze? Could we be so lucky?
SeekingAlpha
I didn't say the move up is definitely because of my article...I just prefer to boost my ego for the meantime, ha