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Post by centralcoastinvestor on Jan 23, 2018 15:51:40 GMT -5
Somebody really wants to keep the price at $2.50. I have been trying to surmise why. $2.50 is a lot better than the low at around $0.67. Which is good. It’s not as good a $6 obviously. After all the options expired last Friday, I was thinking that perhaps the $2.50 lock might be over. Anyone got any ideas as to why?
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Post by akemp3000 on Jan 23, 2018 16:20:44 GMT -5
I was wondering the same as this has been too consistent to be a coincidence. This current lull seems to be the calm before...well, something??
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Post by awesomo on Jan 23, 2018 17:19:30 GMT -5
Clearly the market makers just want to value shares in terms of Big Macs and Filet-o-Fishs (McDonald's 2 for $5).
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Post by compound26 on Jan 23, 2018 17:26:21 GMT -5
It is not that someone is trying to keep it at $2.50. IMHO, because there is no news, I think the longs and shorts are kindly finding a balance at around $2.50. There will be some movement next week once Mike speaks at the Noble14 conference.
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Post by cjm18 on Jan 23, 2018 17:39:36 GMT -5
Deerfield recently took shares at 2.50 I believe.
The stock was also stuck at 3.25 for a while. That was also a significant number in the agreement about the 10 million bucks.
Mcds finally got a decent chicken sandwich for 3 bucks. price target 3 bucks.
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Post by centralcoastinvestor on Jan 23, 2018 18:16:27 GMT -5
So based on the feedback so far. The share price is based principally on fast food prices. This is good to know.  |
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Post by dreamboatcruise on Jan 23, 2018 19:04:55 GMT -5
I was wondering the same as this has been too consistent to be a coincidence. This current lull seems to be the calm before...well, something?? I would never call a stock price a coincidence. It's not a random statistic... there are always reasons for what people are willing to buy or sell at. Without any news/developments, stock can get stuck in tight trading range, which we seem to be in. Could be as simple as after it's been trading in this range for some time, people are beginning to consider this the consensus fair market value and thus without any new info we stay within the range with dips bringing in buyers looking for a value and rises triggering profit taking. |
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Post by sportsrancho on Jan 23, 2018 19:39:40 GMT -5
The longer the consolidation the bigger the breakout:-) And usually the same lenth. That would mean we should go to $5.50 when it brakes to the up side.
Good one huh?....better than a burger:-)
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Post by awesomo on Jan 23, 2018 19:45:12 GMT -5
So based on the feedback so far. The share price is based principally on fast food prices. This is good to know. Yes, I think we need to introduce them to Chipotle and Panera Bread. |
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Post by pat on Jan 23, 2018 20:12:54 GMT -5
There is another article in the journal today about mergers and acquisitions in the biotech industry. It suggests that many deals will be done this year - large companies buying small startups with promising drugs. Patents running out and needing to replace lost revenue. References a multi billion dollar deal for a drug around hemophilia (I think). Can't imagine that hemophilia is a huge underserved market.
Yet we remain at a market cap of ~300mm.
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Post by careful2invest on Jan 23, 2018 20:45:14 GMT -5
So based on the feedback so far. The share price is based principally on fast food prices. This is good to know. Yes, I think we need to introduce them to Chipotle and Panera Bread. If the pps is based on food prices, then we need to get them to the gourmet restaurants and get in allignment with their pricing! GLTA! |
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Post by brotherm1 on Jan 23, 2018 21:14:50 GMT -5
I’d be content with a New York City burger at this point in time.
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Post by xanet on Jan 23, 2018 22:15:12 GMT -5
Not to get off topic (food)... we've been consolidating below the 21 day moving average (resistance) since the plunge in October. If we can stay above it (currently $2.48) with any kind of meaningful volume, the average will serve as support and my next target would be the 50 day average, currently $2.80.
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Post by agedhippie on Jan 24, 2018 9:45:26 GMT -5
I’d be content with a New York City burger at this point in time. Not quite sunk to a New York street hotdog then? |
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Post by cjm18 on Jan 24, 2018 10:23:54 GMT -5
Yesterday was extremely high shorting. It’s been high for a while but yesterday was a new high . Yet we were up yesterday and today. This happened during the short squeeze to 6 bucks. I might add shares here.
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