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Rkmatters

11/18/15 11:17 AM

#30 RE: Maciste #27

This is one of those tricky ones as there's no volume. Some are getting lucky and their ask are getting hit around .25 level. I've just been hitting bids under moving averages. However all prices now are below the moving averages and it's oversold. Sitting near 52 week lows. 5 day MA is .29. The 10 day is .30. The 20 day is .31. The 50 day is .37. And the 100 day is .45. Thinking this is a slow by an add. They're already dating big Pharma and university hospitals using tissue to discover new antibodies. Hiring to meet those big Pharma contracts. Beyond their technology, they also have their own antibodies against which will make both Merck and BMY blockbusters stronger. So, in time they'll either get more licensing contracts or be bought out - possible bidders war. :)