Talking stocks, trading, and investing in general

Discussion in 'Business, Careers & Education' started by mikeman, Feb 2, 2011.

  1. Slopho

    Slopho Senior member

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    Because she knew she was going to get her vision back and she wanted to document the exact nanosecond it was restored obvi.
     
  2. Saltricks

    Saltricks Senior member

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    Wow, look at that volume.
     
  3. javyn

    javyn Senior member

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    If we can break 55 million today, this fucker's going to be over a buck next week watch
     
  4. idfnl

    idfnl Senior member

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    4 x daily average.

    Highest price point since July.
     
  5. Slopho

    Slopho Senior member

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    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.
     
    Last edited: Jan 23, 2012
  6. idfnl

    idfnl Senior member

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    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.
     
    Last edited: Jan 23, 2012
  7. javyn

    javyn Senior member

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    +1

    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.
     
    Last edited: Jan 23, 2012
  8. Slopho

    Slopho Senior member

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    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.
     
  9. idfnl

    idfnl Senior member

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    So if a vote is tomorrow, when are the shares actually released to the market?
     
  10. javyn

    javyn Senior member

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    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.
     
  11. Slopho

    Slopho Senior member

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    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.
     
    Last edited: Jan 23, 2012
  12. javyn

    javyn Senior member

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    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
     
  13. melwoesblvd

    melwoesblvd Senior member

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    of course it would pop after i make a comment LOL
     
  14. Slopho

    Slopho Senior member

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    Javyn, you're good at bashing stocks on Yahoo, what do you say when you want to pump them?
     

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