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NEW YORK (TheStreet) -- To put the recent run that stocks have enjoyed into perspective, Friday was the worst day of the year, and it just wasn't all that bad.
www.thestreet.com/story/11412445/1/market-preview-so-far-so-good.html
Just goes to show that Friday's BPAX action was typical across the whole market!
Shorting definitely is one problem...
Seems a lot of institutional selling was reported Friday as well.
www.mffais.com/stock/biosante-pharmaceuticals-inc.html
Yeah, if this thing breaks that resistance at $1.30 who knows where it will go! Will be real interesting...
Great chart video from ClayTrader on the 6th. of February...
ih.advfn.com/videos/stock-chart/bpax-stock-chart-2-6-2012_RL8mCe33qdM
I sold my last 10K shares for a profit of $380.00 (after commissions) because of all the negativity that still surrounds BPAX, but bought back in once again with 25K shares at $0.88
I set a sell for $1.29 before I even saw this video!
Total realized profit so far is $3,480.35 and hoping to add another $10,210.00 (after commissions) profit this week.
Seems everyone's BPAX chart from the end of the day Friday is showing a wedge pattern... Here is mine:
twitpic.com/8ilg8o
That wedge pattern is showing up on everyone's BPAX chart! LOVE IT!
Here is my chart...
twitpic.com/8ilg8o
You did the right thing! You'll see...
Sold the last of my shares (9,038) at .8948 for another $25.00 profit (not much as it was beaten up the past 2 days) but total profit was $3,059.78 counting the last 13,737 shares that I sold Monday.
What do you suppose I did?
I jumped right back in with another 10,000 shares at .85
I bought December 13th. 2011 (the day before the results for Libigel were released) at $2.55 and averaged down to 0.889
Sold 13,737 shares lastnight right before the close of the AH for $1.11 for a profit of $3,035.55
Still holding 9,038 shares through decision...
Had to do a lot of damage control, but it's working out!
Shorts knew lastnight there was going to be a gap up this morning and they were ready to pounce!
We'll see what short interest was today around 7:00pm
Well Senorita, I took some profit yesterday ($3,035.55) and still holding 9,038 shares which are staying in for decision...
I can't believe how much hate there is out there for this company!
That could very well be!
I was one of those that sold some at $1.11 right before the close.
Sold 13,737 shares of $BPAX at $1.11 in AH for a profit of $3,035.55 Still holding 9,038 shares...
Market makers let it run, so shorts had to cover... Just my opinion!
It's $1.10 in AH
BPAX $1.08 AH
Nope, they are just trying to drive the price down, and it ain't workin'!
Believe me, there is no lawsuit!
A little nervous... Too much too soon! I'm up over $4K but still holding.
I know some of the bigger players were talking about shorting over $1.00 but I think with the PDUFA a week away, they may hold off a bit.
Let's hope for the best tomorrow!
Nope, not bad at all!
I'll make sure I never follow Kopp Investment Advisors advice! They bought 5,382,445 shares at an average price of $2.00 per share and sold them for 0.50 per share and look where the PPS is at now! Some advisors they are! LOL
I'm sure some of you already noticed that Kopp Investment Advisors dumped all their shares... 5,382,445 shares to be exact! That's a big one to lose...
www.mffais.com/stock/biosante-pharmaceuticals-inc.html
Nothing wrong with taking some gain and lowering risk, it's good trading!
Yeah, I'm not a big fan of Seeking Alpha, but I do like that article, it's honest and to the point!
BPAX is being attacked from every angle, check out this ad on Yahoo Finance summary page.
twitpic.com/8f2lx0
I think you're right... I think the news will come early!
I'm not knocking the guy, he does post some relevant info, he just posts the same thing over and over again and that is a pumper. He also accused me of putting a negative spin on things. I am not fond of pumpers or bashers, I just want to keep it real, and deal with the facts as they are now...
My apologies to the board if you think I'm being rude!
I tip my Dos Equis to you!
ALXA and BPAX are pretty much in the same boat right now. I'm not saying BPAX won't lose a few cents, but it shows there is hope...
Of course Pumpernutsy will probably think I am being negative...
PR released today that ALXA got a delisting notice... They are up 1 cent in AH!
Here is the fact Nutsy... Or anyone else interested in the Nasdaq short interest schedule!
sec.gov/Archives/edgar/data/1344413/000119312512036768/d292967d8k.htm
Nothing wrong with that... Good luck in your next trade!
Those things are just a scam to try to drive the PPS down...
Do what you gotta do Nutsy...LOL
I'm skeptical there will be a run up, but sentiment is pretty strong that Bio-T-Gel will be approved. For those that are sitting on heavy losses would be best to hold through the decision...
I would rather prefer that Libigel is alive and well... In the PR they said “We are committed to rebuilding BioSante in order to maximize value for our company and stockholders. Although we are disappointed about the recently reported LibiGel clinical efficacy results, we are optimistic about the future of BioSante,” The word "Rebuilding" shows there is something wrong. Yes, we all know what the problem was, but to new investors that read that and don't do their DD, they will just avoid the stock like the plague...
Yes, I agree...
WOW... this board has really died!
I'm not saying that it isn't the right thing to do, but traders trade on sentiment. They hear layoffs or firings and the first thing they think of is that there is something wrong... And obviously, there is something wrong. They need to conserve cash because of the failed Libigel study.
Green close... I'll take it!
You're right, it's not good news and will usually have a negative affect on PPS, but overall, it didn't hurt us today...
I totally agree with you...