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I think all penny stocks are longshots until proven otherwise.
There haven't been any in the last 10 years(source Bloomberg) Since the insiders are compensated in stock to begin with it would be unlikely for them to purchase additional shares.
This is by far the most rational post ever on this board
Realism not negativity. I also don't fall into every behavioral finance trap that everyone else here does
Tell that to the people who
Keep commenting "excellent news"
Just an opinion piece. Should have minimal mkt impact. No new information is mentioned here
As opposed to the longs on here who think FDA approval is imminent. My 1% prediction is more realistic than anything else I have seen on here
Based on PMCB current share price (what the market thinks its worth) and $20 per share
The probability of that happening is less than 1%.
You are celebrating news that is not material. All that was mentioned is that is a meeting was set up, nothing else. The longs on here automatically assume FDA approval and a buy out. Folks have to learn the hard way sometimes.
Wrong. It has been way overbought no way in hell should this company be trading at 60 million mkt cap
I was the only one on here yesterday who said PMCB was overbought. Right again unfortunately. Either they get Nda approval or they don't. No need to celebrate anything else
This is why you do not celebrate news that is not material. Will be back below .05 before day's end.
Fair enough but would hate to see people with lofty expectations get disappointed.
Im long too. To just assume the meeting will go well is something I wont do. No need to jinx anything. I'll take the company seriously if the FDA approves something. Again, hoping for the best with no expectations.
Actually you should not celebrate. Nothing material has happened yet . Well see if PMCB can close the deal. To assume they will is a big mistake
It's just a meeting. Do not uncork the champagne just yet
All the news is is that there is a meeting set up. To me the stock is over bought today. PMCB Longs are just assuming that the meeting will go over well which is dangerous. Still a very risky play IMHO.
The meeting is encouraging but it's just a meeting. The outcome of what happens is still in question so I am just trying to manage my expectations. Hopefully it works out for the best
Of course I will own up to it. There has to be some news out there. This is too big of a jump for a technical glitch.
Fair enough.
Well see about that. Look at the chart over the last 3 years and you will find that PMCB has never had a sustainable rally higher.
I wish I could actually bet. You would lose. PMCB will close around .045
The run up here will be short lived. Will close around .045 today IMHO.
Don't think I have ever seen a sustained rally in PMCB. Always sells off by day's end when a press release is made
There's never been a technical pop in PMCB.
Going to .01
The company is not worth anything so no manipulation is occurring . Just selling an overvalued stock.
Not sure how you determine PMCB is cheap. Should trade closer to .0089 in my opinion.
That would Mean PMCB would be worth $200mm. No way
The overall market thinks it is overvalued. That is the reality. If the market was comprised of IHUB users only, it would be much higher. The broader market is not as optimistic as the 30 longs that post on the IHUB board 10 times a day
Actually. It isn't oversold. Do you know how the RSI index works?
Not that technical analysis matters but PMCB has a current RSI reading of 50 which is about as neutral as you can get
I haven't seen one accurate bullish prognostication on PMCB based on technical analysis. Ever
Technicals do not apply to penny stocks. I think there is a good chance the company is not worth anything and is trading at a valuation of $34 million. If you can see the risk then good luck to you. Forget the technicals for goodness sake
Why do you insist that PMCB shares are cheap? It's currently trading at a valuation of $34 million. The company could very easily be worth zero.
A lot of analysis here on PMCB. None of it is accurate. It is not applicable for penny stocks. Sorry
PMCB back under .04 now so this idea of "no more cheap shares" is laughable
100% wrong. You can throw technical analysis out the window for PMCB.