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LOL! He is rather transparent, isn't he?
-Fritz
The dip below $7.50 over the last several weeks was on extremely low daily volume. IMHO, this was obviously just short sellers shaking the tree in an attempt to get cheap shares to cover. Yesterday vol. picked up moderately and we went north in a straight line.
Thus, despite their best efforts, no one accepted the shorts invitation to sell at $7.10 and we quickly popped back over $7.50 like an over-stretched rubber band. If they are going to cover the remaining 7,350,000 they had better start now.
I really feel that news is imminent. There is just too much action going on in the pharma/biotech arena. September could be the start of of real hellacious short squeeze if my gut feeling proves correct. Too bad on them. They had their fun all the way down from $10.00 to $4.00. Now it's my turn! LOL!
Good luck!
-Fritz
Interesting trading today, to say the least.
A little volume and up she goes!
-Fritz
Idaho, I haven't read that board in a long time. Every time I take a peek over there I kick myself for wasting my time reading those pathological clowns.
Don't be a stranger. We value your input here!
Good luck!
-Fritz
Shorty is throwing good money after bad. Not a recommended strategy.
Good luck!
-Fritz
Firing on all cylinders.
It's a beautiful thing!
-Fritz
Rod and the board:
As Rod stated:
A nice ramp up coming as announced. Hope it is the reduced cost method which would be about 5 times or $25-30 million of existing product. Nice news.
This is a key point and cannot be underestimated. Management mentioned this "reduced cost" manufacturing method more than once
and it is in fact a harbinger of a 500% increase in production. Safe to say they are not going to be storing this new supply in a back room!
Good luck!
-Fritz
Shorts keep shaking the tree but no loose fruit to be had. LOL!
Good luck!
-Fritz
Can't really blame them for trying. Their down side is a lot larger than mine.
-Fritz
Of course there remain Roth and Morgan Joseph who have not changed their negative recommendations which were published last year. Brean is thus the third analyst who has turned on HALO.
-Fritz
Hmmm..I thought I'd read that another one followed Brean, but now I can't find the reference. So for now it's just Brean, (whom you mentioned was not even a presence on the CC.)
Apologies for the confusion :(
-Fritz
DPDW referred to its "CORE" - ask them
LOL! Point taken. As brikk has noted, this nomenclature is now obsolete and should be addressed in future filings.
Good luck!
-Fritz
I continueto be impressed and somewhat surprised that the pps has held up so well this week. In the past we would see it tank under the pressure of a short attack after just one analyst d/g. Here we have two analysts' downgrades and the shorts have not been able to get any traction. All of their efforts have been rebuffed by a buyer or buyers who are picking up everything on offer. The shorts must be getting a little frantic and I wouldn't blame them. The only way they can bring down the share price and cover would be to start selling short a million or more per day but that would just dig them a deeper hole.
This raises the question of the identity and motivation of the buyer or buyers who are supporting the current pps. We can no longer attribute the price support to R. Kirk since he is maxed out. I've been thinking about this for a few days, because, as I said, normally the pps would wither under the pressure of two concurrent downgrades. Personally, I think that the buyers are privy to something, and by this I mean that I'm starting to think that a deal is in the works and we will likely hear about it soon, i.e., by the end of September or thereabouts.
This must be extremely disconcerting to the shorts who have had their way with this stock for many months. They have been trying to drive HALO under $7.50 for six consecutive trading days and have been decisively turned back, despite receiving the help of the two downgrading analysts who are very likely working in conjunction with the shorts. (As Rod has stated, their downgrades after the most recent c/c make absolutely no sense from a fundamental point of view. This leads me to conclude that they are purposely in league with the shorts. But that's another story and not really the topic of this post. The real point here is that the shorts are are pulling out all the stops to try and cover - and it's not working for them.) To those of us who have been in this stock for some time this is a notable circumstance.
I normally don't like to traffic in "conspiracy" theories, but I believe that one logical explanation of this turn of events is the notion of an imminent deal. If it's a sizeable transaction, there will be many eyes on the documents and ears at the negotiation table. Multiple law firms and investment bankers as well as employees inside both companies allow for as many chances that some news will leak and motivate buyers to stay on the ask.
Future days and weeks may possibly prove me wrong but as Dr. Lim is wont to say: "Stay tuned."
Good luck!
-Fritz
Flotec's acquisition effectively doubled the size of DPDW. So what exactly is the "core" business of the new DPDW?
Person marked, soyelpato! You can obviously separate the wheat from the chaff. Kudos! and thanks for posting!
Good luck!
-Fritz
Money continues to flow into this stock.
Impressive given low volume and overall market conditions.
Good luck!
-Fritz
Nice call, dart!
-Fritz
I couldn't find your post calling for the reversal. Here is mine from yesterday. Glad to see we were both right! LOL!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31408655
Good luck!
-Fritz
4mars: y/w! eom.
I forgot to add: "All in my most humble opinion!"
-Fritz
RE: chart OBV, I believe that this number was seriously skewed by the 2 million volume day we had recently. This pulled the trend line down considerably.
OTOH, the accum/dist line shows a different, more bullish path. This indicator, unlike the OBV, is not affected by one day surges in volume.
Also, MFI indicator is in an oversold state, so as far as charting goes, we are prepping for a reversal.
Good luck!
-Fritz
Lot of eyes on this board.
http://investorshub.advfn.com/boards/most_read.aspx
Good luck!
-Fritz
Briefing.com and Dow Jones news report that Roth Capital management has initiated coverage of NRGX with a buy rating.
Good luck!
-Fritz
Hello from Juneau, Alaska public library!
I'm vacationing in the true North for another couple of weeks so take care of the sp until I return. Looks good from here!
Regards and good luck!
Fritz
Yup.
Countdown to liftoff.
Good luck!
-Fritz
The more you know, the less you don't know.
Looks like buyers took some time off to chase some bank stocks today.
Boy, are they gonna be sorry.
-Fritz
Rod, I tend to agree that the stock is in firmer hands and I certainly don't expect wholesale dumping at any given resistance point. However, there will be areas where the price stalls or retreats as we all know, and the basis for some of that phenomenon will be the unloading of shares by those who wanted to get out earlier but couldn't because of the big pullback we experienced.
As to the volume, it must be giving the manipulators fits. I have noticed greater intra-day price stability of late for HALO. Tough times for flipping at the moment. However, the volume and buying pressure are two sides of the same coin and when we reach a point when the buying pressure starts to wane the volume will likely slow down as well. That's when the shorts will get their sandbox back and we will see the usual attempts to shake the tree. (Excuse the mixed metaphors. LOL!) But again, this is not likely to occur, IMHO, until the range predicted by your fib numbers and the chart. That is to say, somewhere between $9.50-10.50.
Regards,
-Fritz
Nice find, as usual, Siri. Thanks for sharing this!
Good luck!
-Fritz
Rod, I've often heard about using fib retracement theory but I'm not at all familiar with it at this time. I'll get to it soon, though!
I agree with your general assessment that buying pressure continues unabated at least for now. We have been churning through the sevens like a hot knife through butter. The ~$8.00 resistance point will be a good tell. This resistance point should be breached by Friday but that remains to be seen. After that the next major resistance, IMHO, is between $9.00-9.50. I'm basing this on the price by volume indicator on the below weekly chart. There was a lot of cash tied up in HALO at that point and we'll see if those shareholders will sell at their break-even point after having endured this ugly pullback or hold for the big payoff. This approximately backs up your fib numbers if you assume these same folks will hold until they can sell for a little profit at around the $10 mark.
Good luck!
-Fritz
In light of recent events, here is an interesting look back at a little discussion we were having here back in April.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=28722757
Good luck!
-Fritz
Sorry, man, it's a done deal. (Unless you happen to own a controlling interest in Halfmoon Bay and wish to change your mind LOL!)
Nice to see that I am one of a grand total of 45 investors in Electronic Sensor Technology, Inc.
Good luck!
-Fritz
Pimco CEO was on CNBC at the market close and denied the rumors.
He said there was a zero % chance that Lehman would fail.
Good luck!
-Fritz
Be vewy, vewy qwiet. I'm hunting wabbits!
I hate when that happens! LOL!
Looks like I woke the shorts up from their stupor and they decided to fight back end of day. They can't hold back the tides, though, so I don't mind if they dug their hole a little deeper.
That $7.40 pps sure did look pretty this morning!
Taste of things to come.
-Fred
Percy, do you know something I don't?
-Fritz
500m valuation is ~$6.25 pps.
What's your take on why we are running?
-Fritz
Shorts are showing amazing courage in the face of this onslaught.
I'd guess they are sweating but no sign of them breaking ranks just yet. Balls of steel, I must say. I reiterate (and with more certainty) my earlier comment that biotech is in a bull mode, so it's only a matter of a day or so before they face reality and begin to cover or get trampled. They obviously can't wait too long. We might even begin to see signs of this at the end of today's session. Stay tuned!
-Fritz
In the last Jeffries presentation they clearly reserved the independent path as a viable option.
One of HALO's strengths, to quote Dr. Lim, is that their pipeline will prove to have an "efficient path to market". This translates, in my mind, to "cheaper, faster".
How it goes remains to be seen but other sources of income could potentially fund cheetah's progress.
Regards,
-Fritz
Now they have 4 options.
The 4th: becoming another Novo.
Good luck!
-Fritz
Just realized that the weekly chart with the MFI which I made reference to was not linked properly in my original post.
Here is that chart as I intended it to be displayed.