Saturday, February 15, 2014 7:10:33 PM
On 1/10/14 FPMI opened with a gap up of .08 cents at .60 from a previous close of .52 The Forbes article states a time on it of 10:20ish or something like that, though I believe that the article was out before that in some form or fashion for investors to act on the positive information, however that it pure speculation on my part.
Also, Sheffs Stock alert that he had entered FPMI didn't come until the 3:51 hour. In the alert post (pasted below) he brings attention to the Forbes Article I was referencing:
$heff
Friday, 01/10/14 03:51:11 PM
Re: None
Post # of 77540
Beginner Portfolio Update..bought a stock today that has a solid pending catalyst and its technology was written up in Forbes magazine today. After more research learned of some key catalysts ahead. 52wk range is $.48-$.91. 60K in volume traded today.
Key stats on the company are here. It’s right near its 52wk low. 15m market cap. 16.5m in float and 24m O/S. 3.3m in cash and 55k debt. http://finance.yahoo.com/q/ks?s=FPMI+Key+Statistics
Alert..bought starter FPMI at $.60 in the beginner portfolio for a trade. Fully reporting OTCBB biotech/medical play with solid catalysts with dates approaching.
Form 4 filing by the CEO on Jan 7th. http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9700721
8-k just filed as well. http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9698986 to sell shares to Platinum at $.50
PET Imaging Market Poised To Grow With New Compounds - Forbes on Jan 10th, 2014.. http://onforb.es/1cV0qdM
FluoroPharma CEO Thijs Spoor to Provide Business and Portfolio Update at Biotech Showcase 2014 in San Francisco, January 13th-15th - http://yhoo.it/1anNGA0
FluoroPharma Medical Announces Acceptance of Abstract for Oral Presentation at the Society of Nuclear Medicine and Molecular Imaging (SNMMI) Winter Meeting Feb - http://yhoo.it/1fjW1J7
Now ususally Sheff alerts right after a purchase, but sometimes he is very busy and they dont come out till later in the day. Clearly that must be the case here because the stock must have been closer to .70+ when the alert came out for it to close at .76. perhaps it pulled back for his late entry, i dont have the days chart in front of me, but you get my point.
Lets agree that both Sheff and the Forbes article played a roll in the stock moving a huge percentage on 1/10/14.
Now, Sheff did sell on the day of our P2 data release at .65 for an 8% gain and the stock did retreat immediately following his alert of his sale. You are correct. and the stock has continued to decline from there to our present price of .52.
Now Sheff had been warning since late Decemeber that he was going to pull the trigger on profits much quicker than normal because of the sketchy nature of the market at the time. I have no problem with that strategy. he is BIOtech investing guru IMO. However, I have more of a long term approach overall, and especially with this company. I like the long term story and will be holding long, buying on dips and hopefully reaping the rewards of my hard earned dollars as this company brings my expectations to fruition. This is not a stock for everyone. it is not a day traders dream. But the NextGen Technology is IMO OUTSTANDING!!! Risk and Reward at its finest!!!! Have a wonderful weekend everyone!!! and if you are in the Northeast like me...buckle down tonight because the blizzard is fierce here on the South Shore!!
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