posted
Down after hours...my guess it will continue to go down for a while. I've seen it first hand
-------------------- “Money itself isn't lost or made, it's simply transferred from one perception to another." Posts: 540 | Registered: Mar 2006
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Wow, it looks like the Market Makers are giving this stock a serious beating today. I was looking to get in yesterday for a flip but I don't see room for it, the PPS just keeps going down. Everyone got scared and ran. Its down 30% yesterday and down 14% today.
The company will have to do something drastic to stay listed on the Nasdaq. Good luck to anyone still in this. Its a bloodbath today
-------------------- Rule 1: Always Protect Your Capital Rule 2: Earn slow, Don't lose fast Posts: 457 | From: Miami, Florida | Registered: May 2006
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The only damage control the company can do right now to stop the drop would be to come out with some more positive data regarding their phase 2 clinical trial or great news on a different phase of a different drug. The MMs are only doing what MMs do best and that is tanking stocks on small block trades and rewarding themselves later. Daytraders get slaughtered in cases like this. Well my CSHD is looking good today I must head back to that thread.
-------------------- One risk I enjoy: daytrading stocks Posts: 273 | From: New York City | Registered: Sep 2004
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Well I decided to leave this one alone for today. The MMs are having too much fun with it doing 100 and 200 block trades. I have a feeling they won't make it run to unload their shares until Friday. I saw the same thing with SIGA last week.
-------------------- Rule 1: Always Protect Your Capital Rule 2: Earn slow, Don't lose fast Posts: 457 | From: Miami, Florida | Registered: May 2006
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