Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
good ole Michael Parker... I wish I had 10M shares of ARTH :)
Here's to hoping next week is fruitful.
Have a good weekend all!!!
agreed
no.. they said that it may take up to 6 months for an FDA application.
The CE Mark is still going to be applied for as soon as possible.
This was both an overreaction to the 10-Q and the presentation.
This company is still poised to do all that it is set out to do this year.
It will be a big year for the company and, while it might take 6-9 more months to see everything get to where we want it to go, it will be worth it.
I lost $26k in the last couple of days of profit and while I dont now own it from as good a spot as ahab, I am willing to hold this through.
In biotech, you cant get spooked out of good companies that take a few more months than anticipated to get a product to market safely, effectively and without question that they will get approval.
I have been in other pharma companies, who tried to rush a drug through a FDA approval only to waste countless time on a drug that got denied or needed more trial expansion.
people wanted a cooled off RSI.. it is now at 43..
insane.. we are closer now then ever and people want to sell it?
I dont understand the mindset.
unbelievable.
Nothing has changed from last week and this stock now is being killed
Hard to stomach.
Not sure what predicated the run up or the sell off other than momentum play as it gets closer to news.
I think this pause is needed while we wait for an update from management.
Not sure what was said at the conference yesterday, but hopefully we will access to the presentation shortly on their website.
with your sentiment 100% ahab
wouldnt it be great if Norchi was telling the crowd as we speak that CE application was submitted and we should have decision before end of Q1?
I can dream, right :)
1.2M in volume means that shorters came in after the run up and started playing it like a day trading stock again
5 days of slow methodically moving up wiped away in 3 hours
ridiculous
Any reason NITE won't budge from the .79 offer?
totally agree whatworld. didnt hold this and buy this all over the place over the last 2 years to make .30
When it hits $5+, you will start seeing me lay a little out on the offer
broke .75!!!!
also, cant wait to watch the shorts scramble to cover.
agreed.. someone is accumulating
EasyA,
The stock price would jump to the new valuation based on what type of buyout it is (ie., all cash, stock purchase, etc).
In either case, it would be what we would all want.. I would have no problem having a premium paid for ARTH and swapping that into J&J shares
.72 is broken!!!!!
Lets go!!!
now we need to break .72, get some good news and get over that magic $1 area.
Can someone please explain to me what is the deal with .64 ????????
Why is this such an important number?
WE broke .64 to the upside!!!!
Totally agree.. it is time.
This arbitrary hold down under .64 is absurd...
This stock should be approaching a $1 in anticipation of CE mark coming soon.
There are company's with over $100M in market cap that dont even have a product that has passed animal testing.
It is time for this stock to start its true ascent
WILL IT BREAK .64 finally?
Since mid October, the stock has been unable to break .64
If we do then we should at least see a conditional squeeze and technical breakout.
If we get news to boot, then we will be off to the races.
my best guess is sometime in late feb- early march
Interesting thing.. the 2nd annual Source Capital Group Disruptive Biotech conference in NYC in February invites about 50 cutting edge companies traded on the NYSE or NASDAQ that have products that will revolutionize the biotech industry.
I have been looking into the participants that were invited and almost all of them are NYSE or NASDAQ listed stocks (not OTC). Arch is one of the only that is on the lesser exchange.
Obviously Source Capital sees them as a potential major player!!!
another day closer!!!
Chart wise this thing will get fun when it breaks .64 to the upside!!!
I agree with both you and oneflew... we are consolidating well and absorbing the pressure to try and push it lower.
Every day we get closer to CE approval and FDA awareness without losing this support in the .58-.60 area and the better I feel about a phenomenal 2017 coming
Very easy when there is not enough information put out there for shorts to jump on a momentum play the other way.
Its fine as the more they short without crushing the stock, the more the intensity of the squeeze when news is finally put out there.
I have been in this stock for 2 years. Another 3 months until I see this stock reach its full potential as a worst case scenario is something I should have no problem living through
The only resistance is good news.
Once it comes out, the squeeze by the shorts and the new interest in buying, coupled with a very tight range, will send this stock flying
agreed... enough is enough.. especially with these insane offers at .60
what gives? why the hold down? There has always been buying interest on dips and at these levels... why not let it go .10 and try to sell in the .70s?
I really dont understand what is happening. Every other promising biotech (who is further behind on the trial and application stage) is moving higher.
I am not selling, but need to see progress.. This .04 range we have been in for 4 months is insane
We really should... so tired of this being held down.. There are stocks that are up 10,000% on absolute nonsense and we cant move up .10 cents.
Trading is all based on momentum (either more buyers than sellers or vice versa). If a stock is stuck in a range and someone is trying to buy it (but there arent enough true sellers out there), they can also create the illusion of large selling pressure by either putting large pieces of their holdings on the offer or short selling it from a different brokerage firm, knowing that most people wont buy on the offer with that much visible volume out there). All the while, being the person on the bid buying everyone else's sell orders (those who are selling because the impression from the offer seems like everyone is selling).
If the stock was really tumbling, the bids would all disappear, people would be frantically hitting any bid they could to get out.
When you see hundreds of thousands of shares on the offer (with a stock that barely, on a normal day, trades that type of volume), then this is typically the scenario of a buyer holding it down as long as he can to accumulate as many cheaper shares as they can before it starts ripping up and they cant get any more shares.
absurd
or not :)... crazy that it cant run
finally through resistance... lets see what happens now... should be some buying and then hopefully short squeezing
sure, but you cant sell when no one is going to buy because there is an obvious roadblock