posted
This bounce looks a bit different: 1) Stochs overold, and showed a bulllish move (fast line crossing slow line, or buying pressure) 2) PPS hit the 20 SMA when the Stochs are still way oversold 3) Volume!!! on the oversold bounce 4) AAGM still oversold and hit the 20 SMA on the same day - this should be a very interesting phenomenon in the sense that the stock rallied to resistance, pulled back a little bit, but is still way oversold 5) Look at the candlestock - nice bullish candle - too bad it was a fully bullish engulfing candle, but it's a pretty strong sentiment of things to come
Fundamentally, ALRX is going to issuing a 10Q next week - there should be mention of AAGM in there in regards to Flexogan and hopefully some other products. That should help gain some traction in terms of AAGMs credibility.
BLOATED PIGS DO NOT MOVE 50% ON THIS LITTLE VOLUMEPosts: 817 | From: Florida | Registered: Feb 2006
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posted
Cool... I brought 500k more at 0.0008 this morning and still holding big amount 1100000 at 0.0013.
I saw this morning just hanging there around .0008 and 0.0009. I just came home now and checked it, Wow the highest point today was 14. Unbelieveable!
Im expecting if ALRX have great earning report next week. this stock will fly because many supply from ALRX are come from AAGM.
The broker smart, they put down the price to the 52 weeks lowest pt and buy in. As the result, what do u think?
Posts: 65 | Registered: Jul 2006
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posted
Looking forward to the ALRX 10Q for clarication on AAGM - ALRX has not really mentioned AAGM at all since AAGM ipo'd in March.
Posts: 817 | From: Florida | Registered: Feb 2006
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quote:Originally posted by Leostock2006: hey roireserch,
what do think the 10Q report will be?
Details on AAGM
Don't expect anything in terms of sales or revenue, but a public announcment from ALRX regarding details about the products being sold through AAGM. Clarification and details on this alliance
Posts: 817 | From: Florida | Registered: Feb 2006
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It seems like the company are steping up to do more operations ( test out and try more stuff) compare each yr.
I have a feeling the report on tuesday will be great, because they have a company called AAGM to support them...on some of the products..
Posts: 65 | Registered: Jul 2006
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posted
This premarket activity looks like we should expect significant news. Distribution deal in the US?
Posts: 817 | From: Florida | Registered: Feb 2006
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Either someone has a huge buy order in and the mm's are playing games to make the buyer chase, or someone knows something that we don't know
News tends to get issued first thing in the morning - also expecting the ALRX 10Q. looks like the ALRX president bought even more stock recently
Posts: 817 | From: Florida | Registered: Feb 2006
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If anything, we may experience a technical breakout based on some of my chart observations - I only observe the chart, can't take credit for the pattern lol
Here we go
Posts: 817 | From: Florida | Registered: Feb 2006
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quote:Originally posted by Leostock2006: Good morning roiresearch..
hows going today? it seems like big volume early morning, will we expect some news out laterly?
Hey Leo - I am hoping for news, but if you look at the latest chart, we may have a nice bounce in store for us to the upper bollinger band once the resistance is taken out at .0014
We also should expect news from alrx by tomorrow
Posts: 817 | From: Florida | Registered: Feb 2006
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In my gut, if we cross 20, we then should make a move at the 20 sma at .0014
If the buying continues and the stochs head for 50, you can bet we will at least tap the upper bollinger band above .002
Posts: 817 | From: Florida | Registered: Feb 2006
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posted
Nothing about AAGM in there. So strange how ALRX refuses to mention AAGM. ALRX did collect a $1 million licensing fee on another drug they have, so they might be looking to cheat the tax system:
As Flexogan products are no longer being actively marketed, and to date there has been no success in sourcing an active partner to market these products, the value of the inventory was impaired, causing this write off
Posts: 817 | From: Florida | Registered: Feb 2006
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posted
Revenues consist of license fees, royalties and to a minor extent, Flexogan sales. Total revenues for the nine month period ended June 30, 2006 were $1,043,526 as compared to $43,283 generated for the same period a year ago, an increase of $1,000,243. We recognized (and collected) $1,000,000 in license fees for the nine months ended June 30, 2006 with no similar fees generated in the same period a year ago. Sales of Flexogan continue, however, we are no longer marketing Flexogan products and anticipate direct sales to diminish over the coming months. We are seeking partners to market and sell our Flexogan line of products in North America, and Flexogan sales have commenced in Asia via our joint venture partner – AlphaAP Inc. We earn a 5% royalty on all Flexogan sales in Asia generated by AlphaAP Inc.
Posts: 65 | Registered: Jul 2006
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