Replies to post #10364 on BioSante Pharmaceuticals, Inc. (BPAX)

[dmlabuda]

In retrospect, what I envision may have happened here was that back when the price was selling above $2.00/share Smart Money calculated that even if the FDA approved the product that a $2.00 price would be extremely over valued so, they took profits and began selling the stock short placing GTC buy orders where they could reap a profit of approximately $2.00/share at or below $0.50/share. On December 15th, Smart Money received HUGE Gift as Market orders were placed to SELL shares of BPAX and in the absence of higher priced buy orders are executed at prices above and below $0.50 (where smart money intended to get out of their short sales) resulting in a Huge Gap Down Opening! Well, following a huge gap down like that you expect a short covering rally so, why not buy it back and take advantage of that rally? After all they are now buying with recently made profits, right? At $1.00 having doubled their money, they bail out again and at $0.75 they have yet another opportunity to get back in prior to the announcement and they do and place GTC sell orders to take profits at $1.20. Once again Naive MARKET buy orders are placed and in the absence of any lower priced sell orders the market opens at $1.20. Another Amazing Gift for the Smart Money! Immediately they place Market sell orders to dump their resulting shares and go short once again. Like I said, it's not rocket science. All you have to do is be awake and follow the Smart Money and you can profit on every trade. See my comments on the chart below: BPAX - Daily Candlesticks