We'll see it at $5 in no time.
Posted by Repoman75 on :
Need more info. like share structure, the BAD news, etc.
Posted by Baxt06 on :
Down $16....ouch!!!
Shares of Nuvelo dropped $15.80, or 80.8 percent, to $3.75 in premarket activity on the INET electronic exchange, after closing Friday at $19.55 on the Nasdaq. Shares have traded between $7.93 and $20.98 over the past 52 weeks.
Bayer HealthCare is a unit of German drug maker Bayer AG.
In one late-stage clinical trial, the drug, known as alfimeprase, failed to keep patients with blockages in their peripheral arteries from needing surgery after 30 days of treatment.
Another study, where the drug was intended to clear patients' clogged catheters in 15 minutes, also failed.
The companies said they need to talk to outside experts and regulatory agencies concerning the drug. In the meantime, the companies suspended another late-stage clinical trial on alfimeprase.
Posted by stocktrader22 on :
Repoman...playing this for the bounce
No brainer here! WAY WAY oversold
The company has $3 in cash per share LMAO!
48million float.
Posted by stocktrader22 on :
$3.74
Posted by stocktrader22 on :
repo did you jump in?
Posted by Veatsol on :
$3.82
Posted by stocktrader22 on :
quote:Originally posted by Veatsol: $3.82
$3.95
Posted by Veatsol on :
Damn! You selling or holding out? Got in at $3.56 5500 shares. Thinking about dumping half now.
Posted by stocktrader22 on :
im going to see if we can touch $4.15-$4.25 today
Posted by Repoman75 on :
Nah, held off. But this should be good for a bounce to the mid $4's.
Another good find ST22.
Posted by Veatsol on :
Missed the $3.95. Will probably hold out for 4 something also. Then dump half.
Posted by stocktrader22 on :
Look at that instituional buying today. They are laughing at how cheap this is. Holding till $4.25 at the min.
Posted by stocktrader22 on :
going to pass $4 now
Posted by stocktrader22 on :
theres $4
Posted by Kevin Bailey on :
Bought at 3.85 and 4.01
Posted by stocktrader22 on :
quote:Originally posted by Kevin Bailey: Bought at 3.85 and 4.01
pretty risky at those prices...
good luck
Looking to get out at $4.25 but will not hold this overnight
Posted by stocktrader22 on :
WOW
Whole float has almost been traded today
Posted by Kevin Bailey on :
me neither
Posted by Kevin Bailey on :
i am looking for the exits at about 4.10-4.15
Posted by madmoney on :
lots of trades going through 30 cents and more BELOW the B/A???
Posted by stocktrader22 on :
quote:Originally posted by madmoney: lots of trades going through 30 cents and more BELOW the B/A???
institutions are LOADING the boat....so much insitutional buying at these prices it is insane.
Posted by stocktrader22 on :
lunchtime now...
I think we will get going again around 1:30-2:30
Posted by 6digits on :
REPO, REPO, AAALLLLVVVIIINNN
Posted by Kevin Bailey on :
Don't eat yet, ST22. Back to the 3.90s
Posted by Kevin Bailey on :
I have a feeling this could be a gap-up tomorrow. What in the name of Gordon Gekko justifies being brutalized like this, even with such a horrid test result?!?
Posted by stocktrader22 on :
This may gap...
Im not sure how to play this yet. FLOAT is traded. HUGE HUGE institutional buys all day. Huge overreaction. Solid company! $3 cash per share in hand. Other drugs in the pipeline.
Posted by Repoman75 on :
quote:Originally posted by Kevin Bailey: I have a feeling this could be a gap-up tomorrow. What in the name of Gordon Gekko justifies being brutalized like this, even with such a horrid test result?!?
That's how the market reacts to all pharms that release things... if they do well, off to the races, if not, they get slaughtered. It is what it is.
Posted by Kevin Bailey on :
I agree. The more I look at the "innards" of this company, the more I think I just MAY hold this one for a bit.
Posted by Kevin Bailey on :
quote:Originally posted by Repoman75:
quote:Originally posted by Kevin Bailey: I have a feeling this could be a gap-up tomorrow. What in the name of Gordon Gekko justifies being brutalized like this, even with such a horrid test result?!?
That's how the market reacts to all pharms that release things... if they do well, off to the races, if not, they get slaughtered. It is what it is.
And all I'M saying is that there's a LOT of money to be made in what seems to be a MAJOR over-reaction.
Posted by Kevin Bailey on :
My 4.01 buy was emotional (just not wanting to be shut out if this one blasted through the low 4s). Even so, with an average in of 3.93, I like my position.
Posted by Kevin Bailey on :
Trading in the low 3.80s ... should've trusted my gut, when I set my reload limit at 3.85 ... oh well, I think we'll see more buying in the PM.
Posted by stocktrader22 on :
ITs lunch time Kevin...
Posted by Repoman75 on :
Yeah really, some of you guys expect stocks to go up $1 in 30 minutes.
PATIENCE. I'm not in, but I do see a bounce to the mid $4's.
Posted by stocktrader22 on :
Kevin....go bash CSHD in the meantime...lmao im down $8k in that pos
Posted by Kevin Bailey on :
I do too. I was just referring to when I bought at 4.01, I had initially just set a limit to buy on a pullback at 3.85, that's all. I'm just "thinking out loud" you might say, and sharing my reasonings with the board. Sorry if that came across as buyer's remorse. It's not that at all.
Posted by Kevin Bailey on :
quote:Originally posted by stocktrader22: Kevin....go bash CSHD in the meantime...lmao im down $8k in that pos
I don't "bash" any stock. I just offer my honest opinion on it. If that sometimes comes across as "bashing", I'm sorry. I've said it before, and I'll say it again: I hope I'm wrong about CSHD. I don't want ANYONE to lose money like that.
Posted by Repoman75 on :
quote:Originally posted by Kevin Bailey:
quote:Originally posted by stocktrader22: Kevin....go bash CSHD in the meantime...lmao im down $8k in that pos
I don't "bash" any stock. I just offer my honest opinion on it. If that sometimes comes across as "bashing", I'm sorry. I've said it before, and I'll say it again: I hope I'm wrong about CSHD. I don't want ANYONE to lose money like that.
That stock deserves to be bashed, as well as any kool aid drinkers left defending it.
Posted by stocktrader22 on :
quote:Originally posted by Repoman75: Yeah really, some of you guys expect stocks to go up $1 in 30 minutes.
PATIENCE. I'm not in, but I do see a bounce to the mid $4's.
"Temporarily suspended enrollment in the on-going Phase 3 trials until further analysis and discussion with outside experts and regulatory agencies are completed."
"To be clear, we are not ending either of the on-going trials at this time."
Looks like drug isn't even cancelled lmao!
Posted by Kevin Bailey on :
quote:Originally posted by Repoman75:
quote:Originally posted by Kevin Bailey:
quote:Originally posted by stocktrader22: Kevin....go bash CSHD in the meantime...lmao im down $8k in that pos
I don't "bash" any stock. I just offer my honest opinion on it. If that sometimes comes across as "bashing", I'm sorry. I've said it before, and I'll say it again: I hope I'm wrong about CSHD. I don't want ANYONE to lose money like that.
That stock deserves to be bashed, as well as any kool aid drinkers left defending it.
What can I say, Repo? I have a softer side than you do, I guess. I genuinely hope things work out for the longs in CSHD. Do I think it will happen? No. But I definitely do HOPE it will happen.
Posted by Kevin Bailey on :
quote:Originally posted by stocktrader22:
quote:Originally posted by Repoman75: Yeah really, some of you guys expect stocks to go up $1 in 30 minutes.
PATIENCE. I'm not in, but I do see a bounce to the mid $4's.
"Temporarily suspended enrollment in the on-going Phase 3 trials until further analysis and discussion with outside experts and regulatory agencies are completed."
"To be clear, we are not ending either of the on-going trials at this time."
Looks like drug isn't even cancelled lmao!
I'm trying to figure out how deep the lunch-time pullback is going to go, so I can load up further on this one. Any thoughts?
Posted by stocktrader22 on :
i have no clue...
Posted by Kevin Bailey on :
Low 3.70s ... hmmm ... pull the trigger? Think I'll wait a bit longer ...
Posted by stocktrader22 on :
quote:Originally posted by Kevin Bailey: Low 3.70s ... hmmm ... pull the trigger? Think I'll wait a bit longer ...
looks to melike they are trying to hit stop limit orders, and will bring it back up soon
Posted by Kevin Bailey on :
You could be right. I didn't feel it was necessary to place stop limits on this one, since the brutalization it took at the open seemed to take a lot of the downside risk into account. Pulled the trigger at 3.73, doubling down my position.
Posted by Kevin Bailey on :
Back in the low 3.90s
Posted by Kevin Bailey on :
3.92x3.93
Posted by dollar13 on :
oohhh yeah i like this one Posted by stocktrader22 on :
would love to break $4 and hold
Posted by dollar13 on :
$4 it's coming, i can feel it ....
Posted by stocktrader22 on :
im waiting lmao
Posted by Kevin Bailey on :
high 3.80s ... wow ... this roller coaster'll make you sick now!
Posted by stocktrader22 on :
i dont think we break $4 today
Posted by Kevin Bailey on :
I'm not so sure. This one's tough to read. I could see it closing anywhere from 3.80-something to the 4.10s ... who knows?
I don't normally use a streamer, as the plays I make aren't usually this volatile, but I just noticed a quirk, where the bid was actually higher than the ask for a few seconds. Are the MMs just THAT confused about what to price this thing at?!?
Posted by Kevin Bailey on :
3.91x3.92
I could see this having an end-of-day buying run, that would run it up to around 4.10...
OTOH, I could also see the reverse happening, and closing in the low 3.80s ...
Let's see who wins, the buyers or the sellers!
Posted by stocktrader22 on :
quote:Originally posted by Kevin Bailey: 3.91x3.92
I could see this having an end-of-day buying run, that would run it up to around 4.10...
OTOH, I could also see the reverse happening, and closing in the low 3.80s ...
Let's see who wins, the buyers or the sellers!
Daytraders will exit we will close at low to mid 80's
by the way i will hold overnight...I just found that their other drug in the pipeline has 1.5billion in potential sales when trials are over
Posted by Kevin Bailey on :
I am also keeping my position overnight (and perhaps longer). I was able to average down into the lunchtime pullback. With three nearly equal buys at 3.73, 3.84 (I put it wrong in my previous posts) and 4.01 (just a bad decision), my average is down to 3.86 ... not terrible, but not as good as it SHOULD have been, which would have been in the high 3.70s after the average-down ...
We'll see what happens in the AM.
Posted by Kevin Bailey on :
BTW, there does seem to be some support at 3.88-3.91, IMO ... I wouldn't be shocked if we closed somewhere in that range...
Posted by stocktrader22 on :
I got in at $3.50
so if it pulls back in the morning due to shorts covering all day i may just sell.
Posted by Kevin Bailey on :
Even with the company so undervalued?
Posted by Kevin Bailey on :
3.85x3.86 ...
good call, ST
Posted by Kevin Bailey on :
Maybe the true daytraders will shake out before the close, and we'll have a decent EOD run ...
Wishful thinking, perhaps?
Posted by madmoney on :
Posted by Kevin Bailey on :
blank message?
Posted by madmoney on :
quote:Originally posted by Kevin Bailey: blank message?
I realized no one would want to hear it. GLTY!
Posted by Repoman75 on :
Its Nasdaq.. just set a stop order and stop watching it every second.
Posted by stocktrader22 on :
i pulled out at $3.87
will see what it does tomorrow and may re-enter
Posted by Kevin Bailey on :
quote:Originally posted by madmoney:
quote:Originally posted by Kevin Bailey: blank message?
I realized no one would want to hear it. GLTY!
I never mind hearing contrary PoVs ... have at it!
Posted by Kevin Bailey on :
quote:Originally posted by stocktrader22: i pulled out at $3.87
will see what it does tomorrow and may re-enter
I'm hoping you regret it even before EOD ... Posted by Kevin Bailey on :
quote:Originally posted by Repoman75: Its Nasdaq.. just set a stop order and stop watching it every second.
Ah, but watching the streamer is what makes these kind of plays (rare for me) so much fun!
Posted by Kevin Bailey on :
3.92x3.93 ...
EOD buying spree I was thinking might come?
[edit]3.94x3.95
Posted by stocktrader22 on :
nice kevin...looks like i made the wrong move. profit is profit though Posted by Veatsol on :
Just closed my position * $3.97. Well find out tomm. if it was a good call or not.
*3.99 now
Posted by Kevin Bailey on :
hey, I always say, never complain about profit taken. You made a nice play from 3.50 to 3.87, and hopefully I can make a nice play from 3.86 to 4.10 (or higher)...
Posted by Kevin Bailey on :
I think once it breaks through selling pressure at $4, it will really fly. I'm still trying to figure out if there's anything FUNDAMENTALLY wrong with this company that would prevent me from making it a long-term hold ...
Posted by Kevin Bailey on :
WOW!!!! I'm green even on my crazy buy of 4.01!!!
4.03x4.04
Posted by Kevin Bailey on :
Scaled back my position, selling what I bought at 4.01 for 4.08, leaving me averaged in at the high 3.70s ...
Posted by madmoney on :
watch for a fifty percent gap up in the morning! PR after hours?
Posted by Kevin Bailey on :
U serious?!?
Posted by Repoman75 on :
That will only happen on approval.
Posted by Kevin Bailey on :
What do you mean, Repo?
Posted by Kevin Bailey on :
Scaled back a bit further toward the close, paring off another 17.5% of my stake at 4.06. I'm still long though, with a signicant position at 3.79 (average).
Posted by Kevin Bailey on :
Traded at 4.06 after hours ...
Posted by Kevin Bailey on :
*18:34:23, 997 shares went through, priced at 4.07 ...
Posted by Kevin Bailey on :
B/A is at 4.07x4.08 afterhours. This could gap and run ...
Posted by dollar13 on :
WTF.....
come on $5
Posted by stocktrader22 on :
damn I messed up
Posted by Veatsol on :
Same here. Oh well!
Posted by Kevin Bailey on :
Posted by Kevin Bailey on :
Pared back my stake to 3500 shares. This stock has pretty much put me at my monthly target all by itself! Thanks for bringing it to the board, ST!
Posted by 10of13 on :
Why the big drop? I grabbed yesterday...and sold out at 4.35 Trying to decide if I should grab and hold some... I'm not understanding what the drop was for...Anyone?
Posted by Repoman75 on :
I told you Kevin, PATIENCE!
Posted by Kevin Bailey on :
10-
A drug in their pipeline had testing suspended. ONE drug! As for reloading, that's your call. I kind of wish I'd just sold out in the 4.30s, and reloaded back here in the teens, but oh well. I pared back, taking some profit, which is always good! Posted by 10of13 on :
thanks Kevin...and yes I got the ONE drug...that's why I am somewhat baffled... I haven't grabbed more yet...seeing what it is going to do... Seems something else must be up for it to have dropped so much...
Posted by Kevin Bailey on :
quote:Originally posted by 10of13: thanks Kevin...and yes I got the ONE drug...that's why I am somewhat baffled... I haven't grabbed more yet...seeing what it is going to do... Seems something else must be up for it to have dropped so much...
I don't think there's another "shoe to drop" on this one. From what someone said earlier (Repo, maybe?), these huge drops are typical when drug stocks get such news. It's irrational, but the market does irrational things sometimes! Posted by 10of13 on :
PATIENCE? for what? to go lower?
quote:Originally posted by Repoman75: I told you Kevin, PATIENCE!
Posted by Veatsol on :
10of13
The patience was directed at the fact that since he waited a day longer the stock went up another 52 cents from the previous close. I don't think Repo meant patience and hold for another couple of months. I jumped shipped EOD yesterday and left $2500 more profit on the table. Still made $2200 though.
Posted by Repoman75 on :
Well said... 10of13, please return to the Port o John thread. TIA.
Posted by Kevin Bailey on :
I'm seeing significant buying between 4.13 and 4.15. I'm assuming this is consolidation for another run. Your thoughts, Repo?
Posted by Repoman75 on :
Kevin - set your trailing stop and let it go. If it tanks, you'll be out.
Remember, STOP MARKETS, not stop limits...
Posted by 10of13 on :
thanks Veatsol I got in yesterday and sold today...was kinda thinking that I might re enter...but not to sure...I thought maybe Repo would've been willing to share an opinion...but I guess I was mistaken...
Posted by Repoman75 on :
quote:Originally posted by 10of13: thanks Veatsol I got in yesterday and sold today...was kinda thinking that I might re enter...but not to sure...I thought maybe Repo would've been willing to share an opinion...but I guess I was mistaken...
I just did? Are you looking for me to spell out "B U Y" or "S E L L" for you? Sorry, you don't pay me enough for that.
Posted by 10of13 on :
Repo...
So why is it you think that it may go lower? Seems they have been accumulating between .14 and .19... I wasn't sure what you meant by patience...that was my question...almost thought you were suggesting Kevin hold...
Posted by Repoman75 on :
quote:Originally posted by 10of13: Repo...
So why is it you think that it may go lower? Seems they have been accumulating between .14 and .19... I wasn't sure what you meant by patience...that was my question...almost thought you were suggesting Kevin hold...
Oh for God's sakes... I guess I have to spell it out.
Yesterday, I said PATIENCE because KB was acting like it should go to $10 in 1 hour... stocks like these move SLOWLY compared to pinks. So, I said hold, and put in a trailing sell stop limit, and forget it. Therefore, he protects his profits, yet, can earn more on any upswing.
That is the same advice I give today.
Posted by 10of13 on :
LOL...OK...thanks Repo...
Posted by 10of13 on :
Man-o-man...just doesn't want to stay above that 4.20...
Posted by dollar13 on :
back to $4.50 soon
Posted by dollar13 on :
looks like all the float was gone yesterday....
eh.
Posted by dollar13 on :
$4.30 come on baby , come onnnnnnnnnnnn
Posted by MoneyMoneyMoney on :
Hey Moneyx3...you doin' good on those classes? Exam time isn't it? I'm going to hold some of this for a little while and see what it gives me...made out already...so I'll keep hopin'...
Posted by MoneyMoneyMoney on :
Very nice job 10. I'm thinking this baby has some running room from where it came. Yup, exam time, but hard to stay away, LOL. I'm doing good so far and need a 40% on the final to pass the class but I'm looking for a B in which I'll need an 80%. Final on Thursday.
Posted by Kevin Bailey on :
I dumped 85% of my stake between 4.25 and 4.28, after it missed my limit I set yesterday at 4.48 ... I've left a 1000 share position to ride for awhile. I left a TON of money on the table when it missed my limit, but it's my own fault. I KNEW I should have set it around 4.45, but I didn't. Greedy for that extra $0.04, and it cost me a lot more than that... still, can't complain about a great profit!
Posted by madmoney on :
looks like a nice gap up this morning!!!
Posted by Repoman75 on :
quote:Originally posted by Kevin Bailey: I dumped 85% of my stake between 4.25 and 4.28, after it missed my limit I set yesterday at 4.48 ... I've left a 1000 share position to ride for awhile. I left a TON of money on the table when it missed my limit, but it's my own fault. I KNEW I should have set it around 4.45, but I didn't. Greedy for that extra $0.04, and it cost me a lot more than that... still, can't complain about a great profit!
Why would you set a sell limit and limit your upside gain????
You should have set a trailing sell STOP market order. Its gapping and probably will trade near $5 today.
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