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P&F is still seeing the same pattern with a,breakout of $26.50 long since met. Back in July one of my TA messages pointed out $26.50 as having to be hurdled before a strong move upward which we are now experiencing. We should be getting close to a new breakout target but "it ain't over until its over."
For all you fellow old timer PPHM holders, congrats for staying the course.
TA: Huge cup formed and now the handle is starting to form as the PPS broke over the rim of the cup.
P&F shows a triple top breakout but has not budged off of the $26.50 previous breakout target which has been met and then some. P&F is slow to react until a clear pattern is established. When it changes I will post the new target.
GLTA
Jerald1: You've already left money on the table, next time a use trailing stop order and move it up. But as Charles McGolrick used to tell us, "No one ever went broke taking a profit." good luck.
TA: The daily and Weekly P&F Bullish Price Objective is still $26.50. There are no changes in the overall patterns.
Currently we have a nice cup and handle. The key for much higher is a strong move over $29.
There is also an even bigger cup and handle if you go further back on the chart but first things first.
GLTA
It would appear that some large holder sells at or above $26.60 and drives the price lower, but not too low. The pattern keeps repeating itself. The good news is that this process, underway yet again, should build a support base for a strong upward move.
With that small a float volatility is the rule, I am assuming an institution exited and that caused the sharp drop in the PPS. It looks like we are in or another run at $26.50 the P&F target.
Close over $26.50 will set the stage for your move up.
$26.50 still remains as the met target on both the Daily and Weekly P&F charts. Charts look good, however for P&F the basic pattern has to change to set a new breakout target. Hopefully this is that time. Lord knows some of us have been in PPHM/CDMO seemingly forever and "deserve" a break.LOL.
$26.50 was one of the P&F Breakout Target which was met a while ago. A few strong closes over $26.50 should see the CDMO PPS going significantly higher. Until then it appears that is where the selling comes in.
Good question, basically its wait and see as the price action develops. From a primer, "After meeting this objective, a new price objective will not appear until the stock generates a new bullish or bearish setup."
Both the weekly and daily P&F targets of $26.50 have been met.
Currently the breakout targets are uncharged at that same $26.50 for both.
Daily and weekly P&F targets of $26.50, after early June breakouts on both charts, almost met.
P&F chart indicates a June 3rd Bullish Catapult Breakout with a target of $26.50 for both the weekly and daily breakouts. No time frame of course, use as directional.
MMs will buy, or sell, for their book depending on what they see future orders are, limit or stop orders, or where they think the PPS is headed. MMs are neutral and just try to keep an orderly market.
TA:
Gap up, so always the threat of that being closed, however strong performance will preclude that from happening.
RSI is showing overbought. Charts looks very strong but I expect some profit taking.
The Point and Figure chart is showing an ascending triple top breakout as of 12/2/20. The current PPS breakout target is $12.25. P&F has been indicating higher prices but of course with no time. frame. Hopefully we go higher than $12.25 and consolidate from there.
Over the years I have been buying shares and am now profitable. When we were cratering I moved shares over to my Roth, paid taxes on underwater shares treated as income because of the move etc. Did not move enough shares so many remain in the Traditional IRA, but that's life.
cjg, my email is the same, I sent you an email but it bounced.
TA:Strongly through the Daily MA(50) @ $7.85. CDMO has done that recently on the Daily Chart but not as strong a move above as today. RSI getting close to over bought but not there yet.
The Weekly has what is shaping up to be a nice cup and handle formation. Keep in mind that last time CDMO had a comparable chart it failed to move up and was summarily sold down.
Recall that we had a Golden Cross which almost always signals higher prices.
No idea as to your investing strategy but I have been buying all along and my average PPS is way below the current PPS, though it started out much higher. I suspect I am not alone in my buying at distressed prices.
I also used the opportunity of lower prices to move a considerable amount of shares from my Traditional IRA to my Roth IRA, so no more taxes on those shares. Served lemons? Make lemonade.
TA: As previously posted we had a Daily Golden Cross back in June, initial sharp move upward, upward trend continues. The weekly MA(50) was also crossed a while ago. Both daily and weekly RSIs are getting close to overbought territory, so a bit of caution if the RSIs go way over into overbought territory.
The P&F target is $12.25, no time frame of course.
Been here like many of you seemingly forever. Let's hope we finally are rewarded for having the patience of saints.
For the TA followers CDMO had a P&F triple top breakout on the daily and weekly charts over the last few days.
Its an unusual pattern. For those who want to guess at a PPS, the P&F breakout says $12.25, no time frame of course.
A quick look at the technical analysis indicates that the Daily chart PPS made a Golden Cross a few days ago. Also that the Weekly MA(50) of $5.91 has been exceeded, so all in all that would bring in the momentum players.
The P&F chart is saying $12.25 breakout, no time frame.
Tested support and bounced off of the moving average. After the huge run up consolidation, which we have had for a few weeks, was to be expected.
Keep in mind that while the stated objective of Sharma is to sell the company there is also the Interactive Display customer who while they cancelled for 2020 they did not walk away entirely, they simply postponed to 2021. That's the $100M contract that was discussed. An ID contract and then the sale of the company would be the best case for shareholders.
The weekly MA(50) of $5.91 has been broken through. Usually that sort of technical event brings in the momentum buyers. They will run up the PPS and then exit.
P&F still says $10.75.
There are two listing requirements that have to be satisfied, one alone does not end the threat of delisting The capital requirement has been satisfied, the other requirement is that after falling below $1 the PPS must be over $1 for ten trading days to end the threat of delisting. The PPS is close to $1 so the possibility exists that the delisting threat will end with a PPS over ten days, failing that then they would do an R/S.
Sharma's point to the Reddit moderators in a direct conversation they had, see the post on Reddit, was that he did not want a threat of delisting putting his back against the wall while negotiating a deal. The PPS over ten days would end that threat as would the R/S.
If MSFT buys the vertical that comprehends the technology in the HL2 and IVAS they can eliminate the possibility that someone else may use the technology in a competing near eye product, assuming the competitor can also produce whatever else is necessary. We need to remember, and this is important, MVIS retained the right to the IP MSFT is using and can sell it to anyone e.g. AAPL, GOOG, AMZN, SONY etc. In the past MSFT has sold or leased s/w so what business model they will use with HL2 and its successors remains to be seen.
Lastly, MVIS has no debt which means no bankruptcy proceedings. They do have a carry loss forward which has value to an acquirer.
TA, PPS is over the Daily MA(50) of $5.20 and over the Weekly MA(50) of $5.20.
P&F indicates a breakout PPS of $10. 75, no time frame.
Yes, she boiler plated a response to me that CDMO did not do research so could not produce something it did not have the structure of. I explained that Lilly had done the work on the antibodies and insisted she inform her management as it was a recent announcement. She said she would do so, but I have not heard back that she did.
I am still waiting for her to respond to whether or not, since the COVID-19 antibodies are identified, can CDMO produce them in quantity? That would be the same as treating patients with survivor plasma and the demand would be huge.
Coronavirus antibodies identified, found this:
https://investor.lilly.com/news-releases/news-release-details/abcellera-and-lilly-co-develop-antibody-therapies-treatment
I asked IR, Stephanie, if CDMO could produce the antibody. Her response does not say they could not do it, it says only that they did not know what would be involved.I suggested they look into it as Dr, Fauci is saying expect a return of the virus next year.
"Thank you for your message.
Unfortunately, it’s impossible to know what the antibody will look like, what specific process/equipment is required to manufacture it and what size/scale is required. Due to the many complex variables involved, it is impossible to say with any certainty.
Please stay healthy.
Stephanie "
According to Dr. Fauci there is a trial going on in NYC where they are taking plasma from coronavirus survivors and injecting it into those who are ill. The idea, an old idea used for the Spanish Flu, being that the antibodies in the plasma will destroy the virus. Here's my question for the experts: Can Avid produce these antibodies in large quantities if need be?
We had a Golden Cross on the weekly a while back and recently we hit the Daily MA(50)of $6.49 and bounced off of it and headed upwards.
P&F says an objective of $13.25. No time frame with P&F.
Charts look good.
Been buying all along and I am now in the Black. Thought we would never see the day when they were talking breakeven. Can a profitable quarter be near?
New P&F PPS target $13.25.
I concur and applaud your analysis. Ronin is not on the side of the share holders. They are taking a page out of the Icahn playbook where they'll profit and we won't all in the name of creating value.
Better the devil you know, then the devi(s) you don't know to quote an old proverb.
Let's see what Avid reports this afternoon and whether or not we get a pipeline update.
Or there is buy back for those who, for tax purposes, took their losses more than 30 days ago and no longer are subject to wash sale rules.
There is no excuse for disdain being shown a shareholder, none. "You should know better", is an inappropriate response regardless of who it is coming from. One and all the employees of PPHM, good, bad or indifferent, work for us.
I would also suggest that those who are unfamiliar with statistics, or need a refresher, use wiki and look up the definitions of statistical significance and the rejection of the null hypothesis. No need to go into the math. It will help to understand what we are looking at.
The Weekly MA (200) is at $1.64 and that now appears to be support having been, as you indicated, tested a few times.
Some people appear to have a very long memory, go figure.
I rarely comment on management decisions as we never have all the facts at our disposal that they have, so if your point is that they are closed mouth I'll leave it at that. My personal experience is that we told nothing to nobody when it came to products unless we absolutely had to, for example when it required regulatory reporting. If PPHM management is asked in a CC how far along they are in the enrollment process I expect them to answer.
Yes, we won't be seeing patient progress reports if that is what you are saying. But we could be seeing a partnership announcement or a royalty deal.
Thanks. That should have been announcements. I expect we will be hearing progress reports, such as enrollment percentages and lastly that enrollment is completed etc.