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This is kind of crazy. Has to be a bottom somewhere.
I have tried to look into their paid promotions and haven't found anything significant the past two years. They were confirmed to have had a pump and dump done (to no fault of the company) a few years ago, and that stigma can make people apprehensive. SA usually puts out a good reliable product so it makes since they do not want to be associated with something that can be taken out of context. Thanks for your hours of work!
IMO this could last to the end of August in this range, but my gut is telling me 2-3 weeks then we change our trend.
Its accumulation. Someone wanted theses shares cheap.
Its 3o clock and we have had 2 million shares move between .395-.41. Someone is accumulating shares .
Who wants to meet me at McDonald's for dinnet. Looking like I'll be eating off the dollar menu for awhile.
Why berate the CEO of a company you are invested in day after day on social media. Its not going to help.
What is our RSI? With the volume sold this month and no real up days we can't go down to much further with out a bounce. IMO.
Louie Vincenzi if you are on this board you need to quit being a dick.
As soon as you said that it kissed .40
After the open our trading range is very tight on good volume with a tiny spread. That's a good sign for a bottom. Hoping .40 holds so we don't get another leg down.
I must be crazy. Just bought some .403s.
Watching this makes my stomach hurt, and no one thinks we will have news until September. I'm going to throw more money at it because that is a sure sign the bottom is close.
There goes that support.
$18 premarket. I wonder how far this will go. I will be risky to jump in on a gap up.
I do see your point, but don't totally agree. I have had unrelated biotechs run simultaneously before which may just be chance. Just a thought for the board that has helped me with a lot of DD. Its cool if a mod deletes my post due to the unrelated nature of them.
The revs did not warrant a 300% run then a slide back to the pps it came off of. It also started two weeks after the revs were released. It was just associated with that, just like INO's run on no news and everyone thinking it was the partnership. They did both run earlier this year at the same time to the same high, and are back to the same base. Probably nothing, but looks a little suspicious. Just watch ONCS for an accumulation phase after this levels off in a tight range. We are going to run.
Agreed. Just some interesting similarities.
Just a heads up. ELTP ran on no news the EXACT same time ONCS did earlier this year. They both topped about .97. ONCS was a slower slide back down but pps movement was similar. It may not mean anything but both stocks have pulled back almost to the identical pps they ran off of earlier this year, again at the same time with no news.
I know we should not talk about other stocks but the movement is really suspicious.
When they reference a phase II combo it has to come from a partnership. No current PD-1's on the market. They have out right stated they would like to run it with a PD-1. You have to read between the lines sometimes.
Its like real housewives in here. Chill! We are down because someone wanted us down. We fell ~50% without bad news. Use some logic.Too many emotions on this board for real investors.
PR's and news wont matter. We will run on no news before you see anything significant. Everyone will start to think August will be a quite month and try to flip. Many will get burned. When this is let go we should see an explosive run.
How and why would he be secretly diluting? It's like once a week you can't help but to pop over here and say something out of left field.
Agreed. This is a young OTC company with a young CEO. Bumps are just going to happen. However I think they have the tech and potential strategy (combo trial) to be successful.
Easy! Tighten my belt and make some money. This isn't supposed to be easy.
Your post are the best!
We are approaching a 100 million market cap with 42 million in cash on hand, phase II/A positive results, potential game changing technology, and Dr's on staff that will get the most of this opportunity. We are looking like a great buying opportunity right now IMO.
Flip- Flop much. You would make a great congressman. That being said I 100% agree with you.
The nature of ALL OTC biotechs is to run on news then find a new base. ELTP has no control over the market. I was told last August they would run trials then human liability then submit to the FDA. So I bought core shares at .08. I also bought back of the run in the .7s. I have no complaints. They have put a plan in place and followed through.
Its your standard high volume flush. Shake shares lose from retail. ELTP is easy to time and volatile. We know they should release bioequalency results soon since trials last 2-3 months and human liability results around the same time. So flush it, then accumulate the shares then cover for the run on news. Its q nasty cycle, but profitable if you know what to look for.
News will be here soon. Grab the cheap shares. Successful life tree will be the biggest catalyst year to date. It will set us up for FDA submission this year.
You better be careful or ONCS will have to do liver cancer next. Thanks for moderating.
All of my micro cap biotechs are getting crushed today. My kid better get a college scholarship.
The FDA meeting = phase 2b = partner. Ultimately it is what will move and hold our price at new levels.
Might get close to that .42 again today. If you have cash that would be a great entry point for a bounce.
I agree with you. My issue is public relations is a tactical game that is essential to an OTC biotech being successful and up listing. Assuming an NDA is not in place, ONCS is losing that fight. They are giving ammo to shorts and letting retail walk away. They will need to raise money again before they have revenue, and it will cost a much larger piece of the company if they can't keep retail holding shares tight. I think it is time to look to a PR firm that can manage website updates, schedules of events to the public, and bring in new shareholders. I want ONCS to be too busy to do these things. It is part of their growth. They just need to realize where they have weakness and lock it up.
Go back to ymb. You won't shake our shares out with weak stuff like that. Fur an article would be a great idea. Still the best MB on ihub.
I understand that but right after our last news an s-3 was filed and 1/3 of it used, which helped cap any run. Now we have 50 mil s-3 shares and 16 mil s-8 shares that haven't been issued. We are now the most ideal stock to bear raid and insight fear . I think we would have had a much better run coming out of the low .6s and we could have done that with just a little momentum. Now we may get pushed down to the low .4s before a run up. I still think we will run at some point but I think our risk reward outcome may take a hit with more bear ammo now.
I'm not too happy about further dilution after taking a beating. However I read the SEC regulations regarding S-8 filings and nothing prohibits registering it before news. Which is crazy to me, but seems like the logical thing to do after shareholder approval and before news. They would get how many times the shares now than after a run. Knowing what we know for sure though I don't like this and it will take faith hoping something is coming.