I am a psuedo-positive long!
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I will be buying a dip. And I have a price in mind. Everyone already knows PPHM is getting kicked out of the Russell, so the news may be baked in, but there also will be forced selling. If things go right I figure I can get 20% easy.
When in Rome we wash, rinse, repeat
Chenzo
You could say the same about the multiple posts fired off by CP and biopharm. I guess it's just a matter of which colored glasses you wear.
Glta
Chenzo
Still no reason to buy now. The Russell rebalance and the reverse split should get you a 30% discount on Avid. But then you are either interested in owning a bio manufacturing company or hopeful that Avid growth will enable you to get some of your PPHM investment back.
Til then, sit tight. The SP is going down.
Tee em up!
Chenzo
". And my theory is that you do not build a door on the hen-house to keep the fox out and then leave the door continuously open during the night. "
Do you really believe this? This is a BOD that can't even keep it's website up to date and factual without being vague. The door to the hen house is continually left open. It's how they operate and it's how they want it.
Reverse split equals more ATM which equals more years they cash their large pay checks!
Wash rinse repeat
Have a good weekend all
Chenzo
"and who will be taking up the russell shares... "
I will! With the money I have sitting with my .61 sell
When in Rome....
Cheers
Chenzo
Yesterday's trading:
At one point pphm was up .15 on 12mil shares. 12x the avg daily volume and all we got is fifteen stinking cents (CP I'm aware it's 30%).
Same old wash, rinse, repeat.
New bag holders raise their hands
By the way. There ARE traders who believe clay trader's charts ARE a signal to the street to short
Cheers
Chenzo
We're not too far apart. I'll agree with that. A profitable manufacturing company that is looking for a partner.
Go it alone is off the table. No more wasteful trials. The street likes that.
Chenzo
Here's my take on today's PR:
The market is happy to hear that pphm is now a manufacturing company and not a cancer curing, money wasting bio tech.
I guess we can kiss good bye "astronomical" but might get some of our money back being a profitable manufacturing company.
Wook it up.....the Microsoft of biology?................as Couch would say.....next!!!
Chenzo
Sold 1/3 of my shares at .61
Off to the links
Cheers
Chenzo
" That was a dirty move. "
Yes it was. And how many here pumped the increase as a good thing.
Makes you wonder.
Enjoy your weekend all!
Cheers
Chenzo
Here's my take on today's trading:
I feel the volume surge at 11:30 was caused by the halt of PPHMP. Traders who saw that early jumped in and assumed something positive might be in the cards. After some investigation they found that the halt was much to do about nothing and the volume dried up.
My guess: We trade back down to .33 tomorrow. Sorry guys. That's how I see it.
Cheers
Chenzo
Chey, I don't have messaging capabilities. You're Welcome
At this point it has become comical. Definitely one of the most entertaining days here in a while!
Since we don't get it anymore, I'll say it.....wook it up!!!
Bottoms up all
Chenzo
It's simple, he hands them a paycheck every other Friday.
Cheers, I'm off to the links!
Chenzo
The fact is:
You called a reverse split neutral. The sell you are trying to make is it is not necessarily a bad thing for the stock.
For example:
How did PPHM's last reverse split work out? Certainly not neutral!
Saying a reverse split is neutral is similar to saying you haven't lost any money til you sell. Both statements in their context are true, but both are also full of bull bleep.
I am not trying to sell a thing. You on the other hand seem to have snake oil under that cloak. After all you do seem to spend morning, noon, and night typing away heralding the value of a .33 stock.
Chenzo
"It is neither good nor bad. It is neutral. "
Yes, the day of the reverse split the mathematical equation is neutral, but please don't try and sell us on a reverse split being a neutral on the effect it has on the overall future effect it has on the stock price.
I don't have the exact numbers but I am sure that more than 80% of stocks that have a reverse split go down. It is a sign of weakness. On the flip side, stocks that do a forward split generally go up. It is a sign of strength.
Quite frankly comments like this one of yours, insults the intelligence of the others on this board, and damages your credibility!
I expect a twelve paragraph response full of tables and charts to discredit my post. I will quickly scroll through and say "whatever"
Chenzo
The most knowledgeable posters regarding the science of BAVI (CP, biopharm, sunstar, cjgaddy) all seem to be in agreement:
Correct me if I'm wrong but hasn't it been posted here that biopharm owns a landscaping company. Again, correct me if I'm wrong.
Enjoy the weekend
Chenzo
Nope, stay away. Looking like we most likely will see $80. I too will be looking to buy there for the bounce.
No double here!
Ps....you really should be staying away from the stock market if you need posters to help make your decisions
IMO
Chenzo
Probably 60k short in making this weeks payroll.
Sell a few shares, here's your checks guys, have a good weekend, see you all on Monday. Cheers!
Chenzo
Nothing has changed?
The CEO complimented Hulu for doing a great job with their streaming business. That's pretty concerning to me.
Spending billions on content that may or may not be a hit with subscribers.
And then there is Amazon....no worries here.
Glta
Chenzo
And I have 65k waiting at $88.
There is no way that nflx goes up 17% after their last forecast. No way!
IMO
Chenzo
If you go by their advice, you'll go broke. That forecast is probably 3 months old
Chenzo
Nflx will hit $88 before it hits $112. I'll be buying down there
Glta
Chenzo
Covered at $104.28. Better to keep losses small
Good luck to all and have a great weekend
Chenzo
Based on today's trading, I feel tomorrow will be the day we see which way nflx swings.
If it breaks through $104 I will cover and take the loss. A break of $101 and it's down we go.
I still believe the overall market will be the catalyst. And I believe it will pull back taking nflx with it.
Good luck tomorrow
Chenzo
I disagree
The bounce from $98 was all on low volume. Markets up today but nflx still lags.
Market is way overbought on Yellen's
words. Market will pullback and lagging nflx will drop to $95. Waiting for the street to pull the plug on an artificially inflated market. Looked like it started today.
You have nflx moving $5 higher, I have nflx moving $7 lower. Will be interesting to see who is right.
IMO
Chenzo
*Edit:
Market is overbought
Normally I would say nflx is pulling back on low volume. Although the volume is low it feels like it is rolling over. IMO.
I still think the entire market is oversold and needs to pull back. Nflx could be hit hard and maybe test the feb lows.
Earnings out next week. Could be interesting
All IMO
Chenzo
Shorted @ $102.08
Chenzo
Out at $100.40
Took a very small loss. Market is running hot and needs to pull back. Nflx is no longer a leader
IMO
Chenzo
This will close at HOD
Imo
Chenzo
Chip,chip,chip......
If they were my 500k shares at .39 I'd move them down to 35cents. They will get filled down there too
Chip,chip, chip....
Chenzo
Looking like it wants to break one way or the other. There is a battle between longs and shorts at $97.80
Formed a cup and handle today so I'm leaning towards up
I suspect there is pending news
IMO
Chenzo
Very possible
It does feel like a reversal
Let's see how this plays out
Chenzo
May be a little early to short. I'm looking for one more push higher. Maybe 5-10%
I will consider short position then
Nflx seems to be running out of steam
IMO
Chenzo
Just wanted to say to those who have sent me a PM today that I don't have the capabilities to respond :( but thanks for your voice.
Strange things going on here and my convictions are as strong as they have ever been
I wonder if someone here is getting a brow beating. ;)
Holding .40 and the bulls are still in charge!
Glta, I'm going back to lurking and working on correcting my slice!
Chenzo
"Nice sell given what happened, but I can't see how the chart saw the black swan news event."
Once the chart broke $1.10-1.12 it signaled trouble. SP tried and failed twice to get above but couldn't.
I never said that it signaled the black swan. It just signaled caution.
Let me ask you and the board this:
Didn't anyone find it odd that the longer the trial went on the more the sp struggled. It just didn't make sense. I mean doesn't the longer a trial runs the better?
I know I'll be bombed with all the "this is why it went this way" talk. But common sense was right. Longer didn't mean better.
The market knew that
Chenzo
"1) I care
2) No long long volume there today, they would be crazy they could dump at 0.59$ a few days ago or dumped since long.
3) Nice try to make others think that, probably hoping some weak hands would provide the liquidity for short covering. "
1) I know you care. Your posts are proof of that. The market doesn't care. That is what matters
2) they should have dumped into the 59 cents run up. I know of at least one poster who said he/she did. The hope that there would be something positive revealed in the CC kept those who didn't sell after the drop "in". Anyone willing to admit they wish they got out?
3) I'm not trying to cover a short position. I actually sold at $1.04 with a 20% loss. At least I can claim the loss. The chart was screaming sell. There were a few technical people who posted that they would not buy and that the chart was pointing to sell instead. Too many people here are way too emotionally attached to this stock IMO.
Chenzo
Volume is pathetic. Approx $64k traded in the first hour. Nobody cares anymore. What happens when a few of the long longs start to dump shares into this low volume?
A slow drip down is all I see in the future
Chenzo
Back in at $100.28
Let's see if the S&P can push to 2020 and nflx can close at HOD
IMO
CHENZO
Out at $101.40
Chenzo