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There won't be another dilution before a huge spike in share price from current levels. Dilution now would mean that they are lying about all the announced upcoming milestones being reached this year and won't give them anymore credibility in the future. Try to spin that into a negetive JJ
So are they going to have a webcast of the presentation? I know we are 6 hrs behind Spain on the east coast so it will be starting at 6:45 am EST
It could be that they are going to release some substantial milestones and data soon? So they cannot buy before the news gets released.
I think 1-1.50 is very attainable for the short term (end of year). These small cap biotech stocks run on investor sentiment and data. So I think if we get very good data supporting our claim to turn non responders into responders then we will run hard for 2-3 days afterwards. That's without taking into acct a partnership agreement. Partnership could mean another 50-100 percent increase ftom 1-1.50. So 2-3 dollars by end of year with excellent data and partnership agreement with other milestones in between.
There seems to be very limited selling pressure. With market conditions and this low of volume, someone could bring the price down drastically with less than 200 k shares. This is a good sign that people are holding and some on the sidelines waiting in anticipation of the conference. If good news is reveiled then this thing will be moving strongly to the upside.
IDGAF No one cares about your viewpoints. Someone had to say it. People need to do their own DD and not listen to anyone but themselves.
I have a feeling they are going to release some other unexpected good news on Friday or Monday along with their new data presentation.
All punit has is his word and his balls, and he doesnt break them for no one meng.
Idk why people would be selling this week leading into the new data releAse and the presentation by Dr. Pierce? This has the potential to be a sizable catalyst for investors and huge step forward for the company as well!
David, the new hire specializes in patents. They probally outsourced a firm specializing in partnerships if indeed they needed it. There's your answer, so we can now put that question in the back pocket.
Haha JJ, you mad. Your bashing tactics are boarder line of those on the yahoo message boards. Talking about how much more the burn rate will be with the new hires without talking about why they are hiring these people. Sorry you missed out buying at .50 and/or your shorts got burned. Hahahha
Wow a lot of Merk name dropping in recent news! I wonder whats brewing?
Hi furb, I wasn't saying that it would be 25 percent, I was just implying that if it was only 25 percent that they were able to convert that it would still be a huge achievement and still ad a large amount of the untreated population to be able to be treated. That still equates to a substantial market share and $ for whomever uses their delivery system. As you stated tho, the company estimates that they can convert around 59% of the non responder population into responders. Which is a huge opportunity for ONCS as well as any potential partners!
I stumbled upon this company trying to make a quick buck but after some extensive research and DD I can say that I am all in and very confident in my investment both short and long term. I hope people don't think I'm pumping the stock. I just like to state my opinion and all the positives that I have discovered about this company along the way. The positives of this company and stock IMO has so much more positives going for it than negatives. The upside potential of the share price rocketing within this next 3 or so months greatly outweigh any potential negatives (which their are few), except the potential for another dilution down the road or negative data being released. Last conference call however the CEO stated there will not be any negatives in the near future except the obviously anything data related, but that is very very slim given we only have 1 more patient to account for in the final phase 2 results for melanoma!
Yes I agree lasers. That is why I'm so excited that we will be finally getting some solid data proving that the results of the mouse trials will indeed correlate with the human trials at ESMO! This is game changing stuff my friend. Imagine even if it only turns 25% of non responders into responders. That's still 1/4 of a group that could not receive that kind of treatment beforehand, but they are suggesting a far greater percentage than that. If the theory proves to be true with hard scientific data to support it in the upcoming phase 2b trial, the scientific community and investors alike will be blown away at their achievement and we (the longs holding) will be greatly rewarded. It might seem like a long shot to some that haven't done their DD but this upcoming presentation by Dr. Pierce will put everything into perspective!
I agree it WILL be huge if successful! We are now at a pivotal point in time regarding the trials and data gathered. So far everything is pointing in the positive direction regarding data and the company expansion and development in general. The phase 2b trial is key to really knowing and realizing this hypothesis of turning non responders into responders. The turning point will be at ESMO when they release the new data and how it explain how it correlates with the mouse trials.
Less than 2 weeks till ESMO! Company and CEO suggests that big news will be announced regarding data and mouse study and the correlation between them. Non responders into responders, this could be huge! Other news might be released on or before the presentation too. I'm just so excited to hear what is said about turning non responders into responders and the new data!
Does anyone know if they will have a live broadcast for the presentation at esmo? If they don't I would guess that a pr would be out day if or day after the presentation. I just hope that we base around the .50's until the presentation or next milestone is released. I'm guessing this pullback was a lot of traders/flippers getting out until the next run up. I don't doubt that along of new investors are holding though. I am once again in the red but will hold until my price target is reached.
Wow really? You conclude that he is not confident and something bad must be going in because of his stuttering and tone? Did you listen to what was presented and said? If you did then you would know that he stated that there are only positives ahead and only negetive would be some kind if problem with the data which can happen but chances are slim with 2 patients left. His whole entire presentation was only positives for the companies path going forward. The little sell off today was due to traders and short term retail getting out bc next news will be sept 28th presentation with pierce. They will be releasing data then and talking about turning non responders into responders. And who knows what might happen from now till then. Maybe they release news about new management coming aboard as stated by punit, or it can be something else. So we know milestones will be met in the fall. Waiting is our only dilemma.
Why would you sell 30 minutes before the presentation? If there is indeed another offering don't you think that they will wait until the PPS is a lot higher than where it is now? Your rationalization does not make sense to me.
Yes a letdown for daytraders and flippers if no news tomorrow but the rest of us holders knows that news will be released in the very short term. Patience is the key bc we have all the signs and insinuations from the company that this fall will be epic regarding progress and milestones for the company.
Whome ever what's to get in buy now. There's a good possibility of a spike today from people who want to get in before the conference tomorrow. Just my opinion though.
Not bashing technicals. Just dating that he should take into acct fundamentals and momentum before making a pullback prediction as he has done numerous times in this run up. Yes his pullback predictions are chart based but calling a top every 5 cents because he doesn't understand what is driving this rally is counter productive. He may be very good at reading the charts but if he doesn't understand the company from a fundamental perspective then charts can be useless at times.
123tom you've been calling for a pullback at resistance zones all the way from .42 to the present PPS it is at right now for the past 2 weeks now. You might be right on one of your predictions in the future, but I don't think it will be until the PPS reaches the mid .70's-.80's. Too much momentum building in anticipation for some substantial news to be released soon. The company is lined up and CEO has stated the fall will be ramping up with unprecedented milestones being reached. That good enough reason for me to hold until news hits at anytime soon. I don't know about you. Like I said in a past post, do you're fundamental homework and it would take some guess work out of ur technical predictions.
123tom I believe you are correct for the most part on ur TA. I believe the pullback won't break 50 though whenever that may be. I don't see a drastic pullback anytime soon. We have too much coming up in the next few months regarding news and fundamentals. If good news comes out we can expect a 30 plus percent move in one day. If great news comes out like partnership announcement you can expect at least a 100 percent increase in PPS in a 2-3 day timespan. Then I believe you see a natural pullback from profit takers and traders cashing out. I think people are holding until news gets released whenever that may be, so no significant pullback will take place until that time. A bit of advice though, even though you are strictly a TA guy, it would be wise to catch up on the fundamentals so you can more accurately predict an price target for which to sell. Oncs is more about fundamental drivers rather than technical ones.
So you think it was the mm's who sold and took the price down? I think it might of been just someone or a few retails with a lot of shares selling at end of day. It could def be the mm's though because there was no reason to sell shares at that low. I had a 10000 bid in at .55 when it was at .54 and only 2800 was filled.
Why would Mercks approval news warrant a mini bear raid late in the day?
What are predictions for tomorrow's price action? Maybe people will want in before Monday in case news? I wouldn't think anyone except traders would be selling into the weekend.
Yea it is on tues. I was saying do you think they will announce something in Monday so people can digest and they will have something to elaborate on on tues the day of the conference?
Does anyone think we will get some news released Monday before the conferences?
I'll be buying any dips. This thing is too close to some news being released to sell. Calling a green close today.
123tom, I don't believe this is going to have a major pullback until after the conferences coming up next week. You are taking only the technicals into acct and not realizing that the funded entails and news are a big part of this rally as well. People are buying and holding in anticipation of the upcoming conferences next week/month. This will continue to go higher leading up until the presentations IMO. Today's chart has higher lows throughout the day as a support level for today's price appreciation. Idk what the close will bring but I'm guessing it will close over .57 cents. With the ascending chart and volume of the past 2 days I think that it will continue into Thursday and maybe we will be flat on Friday because of people selling into the weekend. Next week we will continue up until the first presentation then price movement will depend on what is presented. It will be broadcasted so we as investors won't be left in the dark. Just remember though that there is another conference that Punit will present at right after this upcoming one. So we indeed have 2 outlets for which news can be announced. If no news is announced I expect a little pullback up until a week before the next conference, then people will be buying in again. If news is indeed announced then this thing could very well run all month with slight pullbacks in between. Let's see how the company and Acorn lets this play out. Hoping to be somewhere in the .75 cent range after these two conferences.
Higher lows on today's daily chart. I expect a rally later in the day and a close above ..55
I'm thinking this might run until the last presentation on September 11th. We will see mostly green days until then. Next week hopefully we get some solid announcements at one of the two conferences to start the month off with a bang!!!
I think this will be over or around .71 by months end, with or without the key/unprecidented milestones released. The milestones will be released sometime this fall according to punits blog. It could be this month or in October. Momentum is just building up for the company and share price. I'm almost certain that they will release some sirt of news/updates this month though. They are presented at 5 conferences alone this month. Getting the word out more which will in turn help build more momentum referencing the PPS when they do release the milestones. I just hope there is a partnership announcement in there with merk. So many catalysts so little time. This will be skyrocketing soon. As for the technical trading talk and shorts trying to bring it down at key resistance points, I really don't think anybody will short this thing until the rise and milestones are announced. It will have 5-10 percent spikes and consolidate in the upcoming months then will have fairly large spikes when substantial news is announced. Then a little sell off/profit taking and will consolidate some more until the next milestone announcement. Shorts will be crazy to get caught selling right now. This thing could be at 1.50-2 dollars by November! Who knows maybe more depending what they announce and how they choose to announce it. If it's one right after another then watch out, skies the limit. That's my two cents hoping to turn it into a few dollars.
This move today was bc of the pr about upcoming conferences and the anticipation of coming catalysts and milestones that will be reached in this month or the next. It has nothing to do with any other stocks plunging. People want in before the big supposed news hits. 123tom this will not retrace below 50 IMO. People and short term traders alike will be holding until this thing really pops. Limited downside compared to huge upside potential in the next 1-2 months. It won't retrace to 43 unless there is negetive news. Up we go.
Sal I agree on the science and team members but punit is in fact the CEO. The CEO does have authority over his employees. But with that being said this news is not relevant and oncs his well positioned for the future with the science and scientists. If I was his uncle I would be yelling at him and making him eat the spiciest curry imaginable for his timing bc it does effect how some people view him regardless of how little.
The only positive spin I can put on this is that Venturi ventures gave punit some shares if the company to associate his name with them and be on the board of directors. They both know that oncs is going to release some substantial news soon and thus give more credibility to punits name and only help out Venturi ventures in the future. So punit makes some extra money on the side and Venturi gets a little boost. Who wouldn't want to make some extra money on the side. The other scenario is that punit thinks this will be a good company in the future and wants to be involved. The medical marijuana business will be billions of dollars in the next 5 years. These might be the case but if not then the only reason I can think that punit will associate his name with them is because he's a compete idiot and doesn't think of how this will effect his credibility with investors. I think they will be releasing news soon about oncs. But IMO at this point in the game you have to be "smoking something" to a chocolate your name with a medical marijuana co. I hope he elaborates in his blog or his twitter. Can someone with a good relationship with punit on twitter pease tweet him and ask him his train of thought on this?
JJ, im not knocking your investment in poetf but i see that there is very low volume traded. todays volume is only 15k so far. I'm wondering how many shares your invested in that company? it seems like it would be difficult to get out if and when you wanted. if someone sold 100k shares today it would tank substantially.
I'm gonna go out on a limb and say that we finish green today. Volume seems to be picking up all week. Just wanted say something in the positive side.