I'm far from being expert and wouldn't want anyone to trade on my advice. I merely post charts, observations and information regarding stocks in which I'm currently invested. Hence, generally I make a post when I buy in and one when exiting.
ALT certainly has great potential in the long run with a catalyst within months (early 3rd quarter) and according to the CEO, funds up to 2019 suggesting but not guaranteeing no near term raise. The company was local for me until it moved to Gaithersburg MD which is a biotech and high tech hub and a good place for them to be. From what I read in local papers it is a very legitimate and well respected company, something not always found among such developing companies.
I re-entered for short swing (not looking currently to be long in ALT mainly due to the volatility of the overall market) because I had noted a recent pattern of the stock being driven down early and then bouncing back to opening price and higher and then dropping back. Was looking to catch the top of the bounce to sell. However, for whatever reason on the last 2 trading days there developed an unusually tiny spread with high volume but no volatility. I don't believe folks are entering these bids/asks out to the thousandth place; rather, the Market Makers are doing this for whatever reason. I suppose you realize that MMs bids and asks are not 1:1 to what traders offer. They can be higher or lower although the trader's actual bid or ask is the price recorded for the traders's shares. So if your bid is .82 the MM representing you could be paying .8237 per share to get you your wanted shares for which you will pay .82. You may already know this, but some folks don't
Good luck with this trade.
ALT
