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enzymesarecool

05/20/09 9:57 AM

#141434 RE: Chiron #141432

Let's all pick a day and make predictions on when the stock next goes to sub-penny. Does not need to stay there. Just make it there.


I pick Friday May 22nd. Looks like it is losing a penny a day give or take since the astounding (predictable) buyout offer. That means that sub-penny is within reach by EOD Friday.

Will blow through whatever support there is before that IMO so those with standing buy orders on the way down better be confident that they truly want those shares and to potentially lose that money as this one is headed down the drain.

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Fat-man

05/20/09 10:01 AM

#141440 RE: Chiron #141432

Very true, hard to day trade this now no buyers
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BeanTrader

05/20/09 10:03 AM

#141442 RE: Chiron #141432

I don't think the charts tell you much of anything on these types of stocks other than where they have been. Not much predictive value because everything depends on what we hear from the company.

That said, the naysayers have been 100% correct to this point. That trading range of .018 to .022 is just a pleasant memory now. Without news of a buyout, we are in serious trouble here because Mark has the reverse Midas Touch when it comes to spinning news for this company. If you see a PR that does not announce the sale of this company, RUN!!!!!!!!!!!!!!

Hats off to the naysayers although they don't have much to brag about because it's not hard to predict the direction of a pinky 98% of the time.