Discussion in 'Business, Careers & Education' started by mikeman, Feb 2, 2011.
Because she knew she was going to get her vision back and she wanted to document the exact nanosecond it was restored obvi.
Wow, look at that volume.
If we can break 55 million today, this fucker's going to be over a buck next week watch
4 x daily average.
Highest price point since July.
There's a vote for dilution coming tomorrow, it will retreat on news that there are close to 280 million shares being "given" away. With that said, never trust a run like this, you want a slow daily accent.
Yes and no. Never trust a daily ascent without positive news to support it. And never trust an ascent without heavy volume.
You have both here.
This kind of volume creates a significant support level.
How much you wanna bet in the next 12 months, this will be walked down on low volume from whatever this thing pops to, right back down to 20 cents a share heh.
Would be fine with me, if I can play my cards right.
I don't think it will be walked down too much after March. I mean the shares will be out the door but remember this trial is scheduled to end in 2013 with the possibility of being fast tracked by the FDA for compassionate use. I think you'd be lucky to get in again below .10 if news of the dilution scares some weak hands.
So if a vote is tomorrow, when are the shares actually released to the market?
I'm just talking generalities here, seems like with these penny stocks, news will turn it into a 5 bagger or more, then after that, its down down down for months, almost or to the original price, before another PR sets it on fire again.
Shares are to be issued 10 days after the vote.
Edit: Also, those shares aren't released to the market, they are being issued to bond holders to settle lawsuits. Now those holders may sell immediately and those shares hit the market, but they may hold. I think they'll sell TBH.
You do? I was assuming they'd hold, since they were wanting shares rather than monetary awards in the first place? Or is that what they wanted in the first place? Did they agree to taking shares in the settlement negotiations? I dunno.
51 million volume
of course it would pop after i make a comment LOL
Javyn, you're good at bashing stocks on Yahoo, what do you say when you want to pump them?
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