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This stock looks dangerously under pressure
with lots of sell orders....management IS hiding something!! Somebody should make us an offer....how low can we go with brand new plants in a tight capacity environment?
THESE GUYS REALLY DROPPED THE BALL.
4 day trading week........................GLTA....
With better than 100% institutional ownership, non-compliance
with NASDAQ is existentially inconceivable....I hope the May 20th
clock is of no consequence to Nick and team however crummy the
report..............GLTA........
FOR ONCE, it looks like the buyers were back today....I bought a few thousand shares
at this closing price back in mid November......we wouldn't be here if not for the "screwup"
over the agreement !! GLTA...hoping for some follow-through Monday.........
NOTHING but selling !! Our prestige as the go-to manufacturer has
been damaged....a new plant that they cannot fill with orders !! forget
the "backlog nonsense"....an order on the books doesn't come with a
time table......the BOD has gone into the witness protection program
and this quarter's CC ain't happenin'...........................GLTA.......
TOTAL BS !!!!!
Only sellers,no buyers....market giving BOD vote of
no confidence !! looks like CC will be skipped....our new plant
is in hybernation "til someone gets FDA approval to make product!
The miscue with the finances is a whopper....what a scenario !!!!
GLTA.
We will learn of the basement price only when this hectic buying/selling dies
down in a few days.....the trading current is too swift to know what is really
going to be the NEW reality for us all....a buyout is possible but pie-in-the-sky
valuation is gone......GLTA..
Last time we closed above $8.00? October 16,2023...GLTA..
Market Cap over 500Million....Been a while since that happened!!
Chart looks excellent....we should be surging to $10 before any real correction...GLTA..
This is the highest EOD close since October 18,2023.....
Feels like a solid base has been created to move us into the teens by Spring...
GLTA...
March earnings/revenue/forecast just a month away and I don't see any signs of
buyers jumping to buy cheap stock....bad quarter already baked in? maybe not!!
if contracts aren't flowing in and we have over capacity sitting there,,that means
we are bleeding money..........................GLTA longs.....just don't like the sixes hanging
around this long............................................
AVID is trading a million shares a day which tells me this isn't
retail...!! Institutions are still lightening up, not eliciting much
enthusiasm for the March quarterly...the next revenue call and
guidance may bode badly for the stock price.....the climate for
interest rates to stay high is also putting a damper on clients to
fund drug trials....we shall see.....it's time for some good news and
positive guidance from Nick...........I am a long holder but staying in
the sixes this long bothers me......GLTA..
These firms that recommend stocks never give us the green light: notice
the headline "Insiders at AVID buying ....good sign of confidence.", and THEN
3 paragraphs down ,"we have better picks than AVID if you're interested."
what a scam !!!
https://finance.yahoo.com/news/insider-stock-buying-reaches-us-103334195.html
GLTA.
Well, talk about a manipulated stock...no rhyme or reason to the swings
in AVID....Everyone enjoy the extended recess from the crazy market...G-d Bless America..
We begin anew on Tuesday..............................
Well, folks, that's a wrap !!!! $6.50 0n the nose.....
Happy New Year to all the faithful....see you January 2, 2024....
GLTA....................................................G-d Bless America...
The problems of filling capacity may be alleviated somewhat when interest rates
start coming down...Bio's need cheap loans to enter into costly drug trials and drug
processing....BUT, I have long felt that we need an outsider with a large position to
to take a seat on the board and shake things up....listening to some of these CC's
with Nick and the gang makes we wonder if there isn't an enthusiasm gap virus spreading
thru the BOD.................they sound funerial at best....anyway, the 6's are better than
the 4's...................GLTA..........
OKAY....Everyone enjoy the Holiday....Only four more trading days to go 'til EOY.......see
all you faithful Tuesday.....G-d Bless America...
"We have been living under the 50 day MA since May of this year...Breaking
thru that level on good volume and solid price momentum would be appreciated
by the Street !! $6.25 is the threshold...BUT, the stock needs to prove itself
by NOT lingering around the low 6es....has to leave the 50 DMA quickly...GLTA.".
I posted that on December 15.....Now the 50 day has dropped to $6.07....
As I said, we cannot linger around the MA...we need to break thru and fast!!
Notice today's action!!!! Very impressive ....
Unless Cubflyer turns bullish on AVID I doubt we will hear from him anymore...
He had a good run ...
Yes it was..............................GLTA......
We have been living under the 50 day MA since May of this year...Breaking
thru that level on good volume and solid price momentum would be appreciated
by the Street !! $6.25 is the threshold...BUT, the stock needs to prove itself
by NOT lingering around the low 6es....has to leave the 50 DMA quickly...GLTA..
One million shares in 35 minutes...................6 hours to go..GLTA....
I agree that Nick brought more enthusiasm to this CC than the previous call.
Can the news get worse three months from now?? I sincerely doubt it..!! The trough
of disappointments has been reached....we have been decimated price-wise and I
can't imagine the institutions baling now....waiting for the stock to stabilize before I
buy more, but I will buy more.......................GLTA..
OK!!!, we have been removed from the index funds' portfolios which
is forced selling by law.....we may need more time to get margins up and
solid profitability numbers to follow....B-U-T, I never heard of a company
spending money on state-of-the-art plants for biologics etc., and not having
a solid business plan.....whatever tomorrow's CC reveals we are worth more
than a Lincoln bill !!! Too late to sell, not too late to buy!! GLTA
The existential question is: after being removed from the indices
will we be in the green EOD? That would be a key indicator that the
bulk of the selling is done......GLTA....
Just wondering if this selling is due to the possibility of being removed from the Russell (or other indices) and
funds are required to dump stocks taken off the list.................a new low today starts the base building all over again..
GLTA.....
I don't put much weight in Street recommendations, but Zacks wrote this
a few hours ago........................GLTA...
https://finance.yahoo.com/news/down-22-27-4-weeks-143504650.html
A lot of end-of-year cross currents effecting the stock:
1- tax loss....the lower the sale price the bigger the tax loss going forward..
2- wash rule...coming to an end for 2023...
3- margin calls for those who borrowed stock and the phone is ringing for more $$..
4- just people selling their position and moving on...
Unless the BOD has decided to manufacture candy cane with the new factory I see
no reason the stock will not rebound strongly...Hitting a new low today means we have
to REBUILD a base and that is delaying the upswing which will come....GLTA..
Everyone have a restful and joyous Thanksgiving......
P.S.: I may be delusional, but I cannot think of a better investment under $10 than AVID
going forward (when they(BOD) get their act together).....just my opinion...!...GLTA..
The troubles at CTLT over the past months have become legion...the report
showed that the sky didn't fall completely and the market deals with that
news accordingly...stock is up $3+.......................
Could the bad news for AVID be exaggerated as well?? we'll see...GLTA..
CTLT had a good quarter and the stock is moving pre-market....could bode well
for us since CTLT had many plant issues and still came on strong..
XBI had a banner day so the interest rate environment has been a boot on the bio's
neck big time..........GLTA...
https://www.nasdaq.com/market-activity/stocks/cdmo/institutional-holdings
These figures are from 9/23..................
Our 5 handle survived another day even with a New 52 week low.....
Time for a drink!!......................GLTA...............
Well, until 9:30 Monday morning, we have a 5 handle !! After that?? Who knows............
P.S.: Tomorrow is Veterans Day....We honor the fallen and the wounded who fought for us...
G-d Bless our Vets..
G-d Bless America...
Hope you are right concerning positive CC....I suspect margin calls are going out for borrowed stock
as well as tax selling...........................GLT you and all us longs out there......
I have owned many small bio's in my time, and the CIRM California PR sounded
terrific on its surface....BUT was it thrown out there as a cover-up puff piece for a really bad CC....?
It's happened often with poorly managed bio's..............does Nick feel any compulsion to give us
news between CC's? doesn't appear so....................................GLTA...
Good luck with your purchase...I bought more Monday at $6.34 and thought I was stealing
cheap stock from a seller.......................................
We are now worth less that our projected gross business model with full capacity..........
Shouldn't we be hearing from brokerage houses on BUY recommendations?
Very quiet out there...(too quiet)...............
Besides the EOY tax selling and book-clearing of portfolio losers, there
is also the overhang of margin calls..!! Put up more money or sell the stock...
GLTA.........................
That would be a very welcome signal .
Since my Monday purchase I am already down $1500.00....The downdraft has been absolutely stunning
but I intend to buy more when I see a healthy sign of price stability...
The one minute ASM, the lack of earnings, tax selling, wash rule, are all playing a role in this price decline
and I reiterate what I said before, that the seller is in control with no buy orders and someone has to step
up (not little fish like us) and take the pressure off...Cheynew says we are at 117% inst. holdings so the
source of this selloff cannot have too much more to go...Hopefully..GLTA..