I am a psuedo-positive long!
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DRYS $4.06 (+1.60)
Tomorrow morning!
Cheers
Chenzo
They have a contract with a major oil company. The whisper is Shell. It hasn't been made public yet who the oil company is though.
Tomorrow morning would be a great time to release this news.
Cheers
Chenzo
I was so happy after hearing the AH news that I decided to take the kids to mc Donald's for dinner. We had to wait 10 for our fries as the guy said he just put them in the grease fryer.
It was then that I thought of those who didn't cover their short position in DRYS today.
Cheers
Chenzo
She didn't say anything we didn't already know. What we didn't know was when the selling pressure/ dilution would stop and how many shares will be outstanding.
We know both now!
Cheers
Chenzo
CNBC to do a report on the AH trading next
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Chenzo
Now they just have to announce that Shell is the major oil company. How great would that be to wake up to that news tomorrow.
And who has been buying all these shares down here?
Cheers
Chenzo
O/S at approx 30mil (so they say) at $2.00 a share gives Drys a market cap of $60mil. How can this be if they are buying a ship, with a three year contract attached to it, for cash?
Something definitely is not adding up. Is it possible that they have diluted more then they said they would and the O/S is more like 100mil shares?
Cheers
Chenzo
I'll wait to see if they flush it on the open Monday morning. Down 75% in five days.
Cheers
Chenzo
And a quick follow up. Stocks trading below $5.00 tend to experience greater volatility. Any news can send this up 300%. Bad news and down 30%. Good odds!!!
Charts tend to be less predictable with sticks trading under $5.00. Even more so when under a buck.
Cheers
Chenzo
Good question. Twenty or so years ago they were more reliable. I think all the computer to computer trading has diminished chart results.
I would say it's 50/50. I see more "set ups" fail recent years. The chart can also give you an idea of how big the next move can be. In NBGGY the wedge height is from .20-.30 typically, we could expect a 50% higher move from .30 or .45.
Finally to follow up on a previous post of mine. Notice January 11, the price moved right up and closed at the resistance. But volume was low. Volume hinted that there wasn't enough interest to support pushing through the resistance. The next two days were negative with good volume sending us back down to the ascending line. I believe that is what happened yesterday also. Glta
Cheers
Chenzo
Just draw an ascending line from mid November at .20 through all the new higher lows. Then draw a horizontal across all the attempts to break through .29-.30. It's an ascending wedge.
Usually the price peaks on the daily at the resistance. In our case, at .30, then a gap up the next day starts the next run. Like I said in my previous post I would like to see better volume. This breakout may fail. The wedge is tightening so we will know soon.
I do my posting from my phone. Don't have the capabilities to post a chart. Glta longs. I see this as a very good long term investment.
Cheers
Chenzo
The question is:
Who is buying all these shares being dumped and why?
It isn't retail with all of our 2000, 5000, 8000 blocks. Someone with deep pockets is buying and have been buying. Even if it is to cover their short position. They will eventually, and I think that is soon, have to start making money. I'm still holding for the move upwards.
Cheers
Chenzo
The bigger picture has the chart in an ascending triangle from the middle of November to now. The the triangle is pinching right now which means a break either way should come in the next week or so. Technically we need a break and close above .30 for us longs to be happy and start the next leg up. A close below .26 and we could drop down to .22
I expected more volume today so that's not a positive. I also watched a few 190k+ blocks drop on the bid. Considering how well the markets and the banks did today, I'm a little disappointed with today's action.
Cheers
Chenzo
At the very least we can be pretty sure there will be no more "funny business" around here. There is now a big spot light on this guy and this company.
Cheers
Chenzo
At these prices that is always a possibility and has been in the back of my mind.
I can hear it now:
"At the current share price we have come to the decision that a 1:7 split will not provide pphm the time and financial leverage that will be required to complete the Avid expansion and pursue further clinical studies of bavi without facing another Nasdaq delisting. We feel a 1:10 split will provide the leverage needed to achieve full shareholder value. Thank you and we will not be taking any questions"
Cheers
Chenzo
My opinion is they have dumped all or most of the shares they needed to. I have the last two days atm dump at 12mil shares dumped at approx $5.50
I thought today's trading was different then the last two weeks. We got a nice upward pop on very good volume. I doubled up at the close. Now with 8000 shares @ $4.51
Do I dare guarantee a green day tomorrow?
;)
Cheers
Chenzo
You bought at the high of the day and sold on the low volume pullback. Try the opposite next time. It's much more sccessful.
You should have at least stayed in for the close. There is a good chance this rallies at the close. You could be chasing again in the am.
Cheers
Chenzo
An amateur trader dropping down &33,000? Boy do I have a used car to sell you!
Cheers
Chenzo
If this goes green it's not a trap. It's a reversal.
Cheers
Chenzo
Can this go green today???
It's got a shot!
Cheers
Chenzo
Did someone get the wink wink that the atm is turned off?
Cheers
Chenzo
In at $4.51. Glta
Cheers
Chenzo
Feels different today. Looks like someone is buying this mornings dump. Let's see if it holds up
Cheers
Chenzo
I wouldn't mind at all
"Company will have a total of 107,934,530 shares of common stock outstanding.
As of the date hereof, up to $69.5 million of the Shares is remaining that the Company may sell pursuant to the Purchase Agreement."
At the r/s adjusted price of $8, drys only needs to sell approx 9 mil shares Monday. That gives DRYS roughly 117 mil outstanding shares.
R/S adjusted that's about 14.5 mil shares at $8.00
Cheers
Chenzo
Fnma didn't need a R/S. NBGGY will not either.
Cheers
Chenzo
R/S is many months away. NBGGY is being accumulated here. This last run up to resistance failed as volume dried up.
We will probably pull back here. Lots of negativity being thrown around with the bank stocks and Italy/Europe. This will give us all a chance to load up more. Hold tight this will eventually break through .29 on big volume and start our next run up.
Time is the best thing needed with distressed banks. 2017 will be big. I've got a large stake and so does a lot of others who know more then we do.
Cheers
Chenzo
Even if you could get 300 people to buy into this strategy it still wouldn't work. They have they poison pill stipulation to defend against such action. These guys have thought of it all when it comes to defending their cushy positions.
Cheers
Chenzo
Boy,them shorters really keep busy, don't they
(I mean Jeez)
Cheers
Chenzo
"silly to do it before the drop dead date, makes more business sense to dump as many shares as possible prior to the RS"
It actually is better business to do the R/S asap. They will be needing money to fund Avid expansion. 10 mil shares sold @ $2.10 is much better than 10 mil shares @ $.30
The R/S split benefits this BOD. And sooner is better then later for them.
Cheers
Chenzo
"Why did you buy to begin with?"
See my post from last Friday #282677. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127539429 I explain the reasons.
I WAS WRONG
Besides the return of the poor trading pattern, three things came to light in the past week.
1. Dr Hutchins, VP of Precinical Reasearch, has left PPHM for Heat-Biologics. Never a good thing especially if success is right around the corner.
2. Worsley moved to Head of Manufacturing of Sales at Avid. More movement away from Bavi and onto Avid.
3. Finally, upcoming events not posted on PPHM website. No excuse for this except that the BOD does not want anything posted that might raise the SP.
This all came to light the week after I bought. Add to that the return of the 100 share trickle and I realized I made a mistake. I will not be one of those that hang around waiting, hoping, praying something will happen.
If down the road I see a reason, technically, to buy, I will. But I will not hold through the R/S, which I now believe is imminent.
Cheers
Chenzo
I'm not the only one here who thinks this penny stock BOD is in bed with the shorts. Its a win/win for everybody but the shareholders.
Cheers
Chenzo
Give me .31 and you can have my 78000 shares.
I'll take my wife out for a nice dinner, treat the boys to a round of golf, buy a bottle of bourbon and a cigar and not look back.
Cheers
Chenzo
You've been dangling that "Interday Halt/Large Spike Up/Trap the Shorts" carrot for years. We both know that is a VERY unusual occurrence. 99% of the time you will get a slow creep up as info is leaked, usually to resistance. Then the pop happens premarket.
PPHM is in the firm hands of the shorts. They have a stranglehold on its throat. The game is to keep the price so low that selling ATM shares at such low prices takes more and more shares just to keep the lights on. I believe that was what King was talking about when he mentioned that the SP was not a true reflection of the value (I paraphrase).
The R/S is their only chance to survive and keep there cushy lifestyles. IMO, the week of the R/S they will dump 50 mil shares into the market and put $100mil in the coffers. Thus allowing them years to continue this game. This will dilute 20% immediately. I see the PS at $1.60 one month after the R/S takes place.
I'll be looking to sell next week.
Cheers
Chenzo
It appears as if I was wrong about my hunch. This weeks trading has been very disappointing. I apologize to anyone that got their hopes up. I thought something was cooking but that doesn't appear to be the case. I'll be looking to dump my shares next week.
How can this company be defended when it doesn't even keep its website updated. I know house painters that have more up to date websites. The writing is on the wall. The R/S is coming. For all the reasons posted here.
Cheers
Chenzo
Big buys coming in. Rumor of merger in the spring. Acquiring company picking up cheap shares
Buy/Sell percentage was crazy today. Almost 8-1 on the buy side and we only got 1/2 of one cent. Third highest volume in 52 weeks.
I too have some dry powder waiting if the breakout into the 30's fails
Cheers
Chenzo
I guess they wanted my last $23k
Everything still looks ok to me. This volume is unusual for a stock with an approaching R/S. Usually volume dries up because no one wants in before the split, thus trapping longs.
Still crushing my 8 iron
Cheers
Chenzo
I believe we will know by the end of January.
Cheers
Chenzo
Its not to line the coffers of PPHM its to give cheap shares to someone. I cant say for sure today because I was unable to watch the trading when it dropped to .29, but there were 4 or 5 large blocks of shares that popped up on the bid Wednesday and Thursday. The SP was walked down and the blocks filled almost immediately without causing the share price to fluctuate much.
There was a block of approx. 450k left on the bid Thursday. My guess it was filled today.
Again this is a hunch, as you all know I have very little respect for the people in charge at PPHM.I personally don't think they have the stones to pull off some of the creative maneuvers some on this board believe they are pulling. This hunch is based strictly on what I have noticed the last three weeks.
Cheers
Chenzo