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Post by orlon on Sept 19, 2017 12:15:43 GMT -5
Reason for today's steep decline can be: a) No label change b) No increase in AFREZZA sales c) Being shorted....Anyone else have a guess?
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Post by liane on Sept 19, 2017 12:30:18 GMT -5
The 20 day and 200 day SMA's will cross at about $1.94.
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Post by bill on Sept 19, 2017 12:37:27 GMT -5
I'm going to guess it's just the shorts having fun with all of us. If they knew there was no label change, the volume and descent would be more severe. So far, it looks like a few large blocks of shares were sold to drive the price down. The buyers may have decided to be patient and see what the FDA does or does not do.
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Post by mnkdfann on Sept 19, 2017 12:38:51 GMT -5
IMO, I think these advances and declines are over analyzed. Sure, if one is an active trader, one can make some quick dollars placing the right bet before these moves. But relatively speaking they are really kind of small potatoes when you look at how some larger cap companies' shares move some days. (Today's steep decline is about 4 or 5 cents in pre-RS terms, just to put it into proper perspective.)
I suppose if I was to voice a reason for the decline, it would be because in my gut I sort of feel like active traders were behind the recent rise (buying and manipulating) and some are now reversing (selling) positions. Nothing to do with the label or sales at all. Nothing directly to do with shorting, either.
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Post by dreamboatcruise on Sept 19, 2017 12:47:00 GMT -5
Reason for today's steep decline can be: a) No label change b) No increase in AFREZZA sales c) Being shorted....Anyone else have a guess? I have to fess up. It's my fault. I bought some more calls yesterday. |
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Post by joeypotsandpans on Sept 19, 2017 12:52:28 GMT -5
IMO, I think these advances and declines are over analyzed. Sure, if one is an active trader, one can make some quick dollars placing the right bet before these moves. But relatively speaking they are really kind of small potatoes when you look at how some larger cap companies' shares move some days. (Today's steep decline is about 4 or 5 cents in pre-RS terms, just to put it into proper perspective.) I suppose if I was to voice a reason for the decline, it would be because in my gut I sort of feel like active traders were behind the recent rise (buying and manipulating) and some are now reversing (selling) positions. Nothing to do with the label or sales at all. Nothing directly to do with shorting, either.  There has been absolute accumulation over the course since the first week of May. There were some shares freed up that were available to borrow (still at very high rates) this am. so this was fully expected after stalling at the $2.25 resistance area. |
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Post by qwertqwert on Sept 19, 2017 12:53:06 GMT -5
It looks like they are playing it with real close range (algos) when it hits circuit breaker territory. Then they ease off - total control, "they" don't want it to halt.
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Post by bioexec25 on Sept 19, 2017 13:16:31 GMT -5
It looks like they are playing it with real close range (algos) when it hits circuit breaker territory. Then they ease off - total control, "they" don't want it to halt. Scary they have that level of precision. Ah, the algos and privileged millisecond moguls of wall street. |
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Post by joeypotsandpans on Sept 19, 2017 13:27:15 GMT -5
It looks like they are playing it with real close range (algos) when it hits circuit breaker territory. Then they ease off - total control, "they" don't want it to halt. Just an fyi, the uptick rule triggered and it's in effect through tomorrow |
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Post by dreamboatcruise on Sept 19, 2017 13:28:06 GMT -5
It looks like they are playing it with real close range (algos) when it hits circuit breaker territory. Then they ease off - total control, "they" don't want it to halt. Scary they have that level of precision. Ah, the algos and privileged millisecond moguls of wall street. Computers are great at keeping track of all the little details. I shudder to think of what is probably going on with applying machine learning to trading... likely something akin to cyber warfare between the algos. Also, shudder to think of the type of instability that might be triggered when all these algorithms collectively evolve some behavior that would be hard to predict looking at them individually. We've already seen some of it, but I doubt the industry is addressing the problem. |
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Post by mytakeonit on Sept 19, 2017 13:39:59 GMT -5
Did you just name peppy?
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Post by straightly on Sept 19, 2017 14:01:10 GMT -5
Scary they have that level of precision. Ah, the algos and privileged millisecond moguls of wall street. Computers are great at keeping track of all the little details. I shudder to think of what is probably going on with applying machine learning to trading... likely something akin to cyber warfare between the algos. Also, shudder to think of the type of instability that might be triggered when all these algorithms collectively evolve some behavior that would be hard to predict looking at them individually. We've already seen some of it, but I doubt the industry is addressing the problem. Wouldn't that lead to the theoritical rational market eventually? |
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Post by dreamboatcruise on Sept 19, 2017 14:55:20 GMT -5
Computers are great at keeping track of all the little details. I shudder to think of what is probably going on with applying machine learning to trading... likely something akin to cyber warfare between the algos. Also, shudder to think of the type of instability that might be triggered when all these algorithms collectively evolve some behavior that would be hard to predict looking at them individually. We've already seen some of it, but I doubt the industry is addressing the problem. Wouldn't that lead to the theoritical rational market eventually? Self assembled systems is an area of research in computer science... and no, I don't think there is any theory that would postulate that systems trying to profit from a market would coalesce into an ideal stable state. In fact inherently I would suspect these algorithms would be tilted towards creating volatility because that creates profit opportunities. I personally think markets exhibit behaviors of chaotic systems, with some periods like we have now of hanging out at a metastable state. So I guess I'm questioning whether there inherently is a rational market as that term used to be construed. I think there can be multiple metastable stable states at drastically different points in parameter space that are nearly equally "rational" with chaotic motion built into the system. I fear these algos, preying off volatility, could be a catalyst to elicit more dramatic chaotic behavior. |
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Post by qwertqwert on Sept 19, 2017 15:47:23 GMT -5
Well, that was fun! Strange day, and 47 after hours shares to boot... I was waiting on news at the bell, but this reassures me it was all manipulation. Onward we go.
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Post by cjm18 on Sept 19, 2017 16:02:00 GMT -5
Shorts have been betting on dilution since this broke above 1.70 and more so above 2 bucks.
Price stalled at 2.20 and people are taking profits.
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There has been absolute accumulation over the course since the first week of May. There were some shares freed up that were available to borrow (still at very high rates) this am. so this was fully expected after stalling at the $2.25 resistance area. 
