klynn55
747 posts
msg #124109
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6/21/2015 10:30:49 PM
nova: put up a weekly chart of RMTI, do you see those huge peaks, is there a valid reason for those, other drugs approved maybe?,
pull up a weekly chart of say MYL, do you see those huge peaks, i hope you did your work cause RMTI has a chart like a pump and dump.
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johnpaulca
12,036 posts
msg #124111
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6/21/2015 11:28:40 PM
novacane32000
233 posts
msg #124108
- Ignore novacane32000 6/21/2015 7:47:03 PM
I see the $16 breakout but not the $12.39? Why 12.39?
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8.10-12.39 = 4.29
4.29 + 12.39 = 16.68 (rough estimate)
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novacane32000
331 posts
msg #124114
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6/22/2015 7:52:05 AM
klynn55
409 posts
msg #124109
- Ignore klynn55 6/21/2015 10:30:49 PM
nova: put up a weekly chart of RMTI, do you see those huge peaks, is there a valid reason for those, other drugs approved maybe?,
pull up a weekly chart of say MYL, do you see those huge peaks, i hope you did your work cause RMTI has a chart like a pump and dump.
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klynn- The peaks and valleys on the chart are due to the stages that Triferic went through to get FDA approval.
They would pass phase 1 , get a spike and then sell off.
Pass phase 2 ,get a spike and then sell off and so on.
The last spike on the chart was 1/26/15. Triferic received FDA approval and sold off after a pretty decent gap up. it was the last gasp of Breen capital who was already short and then shorted some more on approval day. Very common practice with pharmaceuticals. Breen Capital claims the drug is no better than a placebo but the trials say otherwise and so does the FDA and so do the patients and the people I know in the business.
This last rally, I believe, is the result of Breen trying to cover their massive short position (25% of the float was short last month)-This is a small company that Breen thought they could bully around and it looks like they have now finally given up.
So no ,this is not a pump and dump. Real company, real drugs with virtually no side effects, established relationships in the dialysis industry and the potential to soon be in every dialysis clinic in the world-which would make this a 5 bagger.
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Okay, now I'm guilty of pushing this stock :) but your trading ideas are still welcomed as I know no stock goes straight up.
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klynn55
747 posts
msg #124133
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6/22/2015 4:14:45 PM
"On Nov. 6, the Oncologic Drugs Advisory Committee voted 8-3 in favor of the iron-replacement drug. This decision no doubt surprised many of the short-sellers banking on a negative recommendation by the committee.
While Rockwell's shares soared after the committee's announcement, we haven't yet seen a full-blown short-squeeze scenario. Perhaps many skeptics of Triferic expect the FDA to ignore the advisory panel's recommendation and reject the drug. That could happen – but keep in mind that a McKinsey study of FDA decisions from 2001 through 2010 found that the FDA went along with advisory committee's positive recommendations 88% of the time.
If Triferic gains approval, the drug stands to be a big winner for Rockwell Medical. And it could cause some short-sellers to be big losers."
from the motley fool
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Mactheriverrat
3,178 posts
msg #124153
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6/23/2015 2:35:50 PM
Strength! Not sure how much you have made but its in strength mode. Sometime its best to sell some into strength ( take some profits off the table) From FOUS4 video's on using the 13 day exponential moving average
RMTI!
IMHO!
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novacane32000
331 posts
msg #124154
- Remove message |
6/23/2015 8:09:27 PM
Mactheriverrat
427 posts
msg #124153
- Ignore Mactheriverrat 6/23/2015 2:35:50 PM
Strength! Not sure how much you have made but its in strength mode. Sometime its best to sell some into strength ( take some profits off the table) From FOUS4 video's on using the 13 day exponential moving average
RMTI!
IMHO!
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I sold some today near the close at 14.97 but still hold a very large position. I figure it will stall near the all-time high around 15.50.
Curious to see what the short float is at 4pm tomorrow. That will give me a better idea as to whether this has been an institutional rally or short covering.
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novacane32000
331 posts
msg #124174
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6/24/2015 12:27:15 PM
Sold a little more at 15.80. Hope to buy back lower.
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novacane32000
331 posts
msg #124178
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6/25/2015 8:46:52 AM
Not so brilliant of me selling at 15.80 but I had a 50% profit (Still holding 75% of my position)
Looks like it will open near 17 today.
Looking to buy any pullback, short interest is still at about 20% of the float (11 million) so there is enough fuel to take this to 20.
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johnpaulca
12,036 posts
msg #124180
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6/25/2015 10:08:46 AM
johnpaulca
8,878 posts
msg #124111 6/21/2015 11:28:40 PM
novacane32000
233 posts
msg #124108
- Ignore novacane32000 6/21/2015 7:47:03 PM
I see the $16 breakout but not the $12.39? Why 12.39?
********************************************************************
8.10-12.39 = 4.29
4.29 + 12.39 = 16.68 (rough estimate)
**********************************************************************
closed yesterday at $16.69...darn close for a rough estimate (:
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shillllihs
6,102 posts
msg #127749
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3/29/2016 12:30:09 PM
Great trading!!!
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