CTIC - Cell Therapeutics Inc - Page 296

Nobody ever knows anything for sure!
But look at at the period from Jan 8th till Feb 8th. There is a very high chance that it will repeat itself (talking about the pattern).

If you not the insider, you are the gambler. It's just if you do your DD you lower the chances of loosing.

I'm here to serve the needs of the masses

Not really the same thing IMO, with this news, not knowing "anything for sure" doesn't seem like a smart trading strategy, there are better things out there! I'm not hating, just trying to offer advice, especially to the newbs, I hope for you it goes up 100 percent, I still maintain it is not the best use of your capital. It had a great bounce, it may bounce again but the secondary bounce is never as high as the first.

...while listening to Britney Spears

http://www.hotstockmarket.com/forums...postcount=1920

I hope everyone reading this thread realizes that there were a ton of people that got their accounts annihilated today, but they are not posting about it, probably because it hurts too much.

So let's say these people bought at 1.00 or something ridiculous like 1.20 a week or 2 ago.

Now, the stock was halted all day, and then the rejection news came out.
Alot of people panicked, while this was halted, and probably put in stop loss orders, lets say at 75 cents.

What they may not have realized is that once the price of CTIC was below 0.75, that stop loss turned into a MARKET SELL ORDER. Which means that, since CTIC opened at 0.35, or whatever, it was, all those orders turned into one GIGANTIC market sell order, which was to the tune of probably 5 million shares, if you look at the chart. The price dropped all the way down to 0.12, and I am sure that a ton of people got their stop losses filled at sells of lets say 0.15 or 0.17 from their buy of 1.20$. Instant account annihilation, if they were unfortunate enough to over allocate, which many were, judging by how bullish and deluded the various CTIC message boards were.

And of course, there was immediate short covering on that news, and CTIC ran up to ~0.50. A wild, wild day, and we should all say a prayer for the CTIC longs who were annihilated today.

g

Bump.
g

You are mean.

I'm not mean, I'm just pointing out what happened. It's kinda similar to what happened with DNDN that day that it tanked from like 20$ to 8$ or something like that in 1 min, as all those stop loss orders turned into one gigantic market sell order and crushed the bid down like 70%.

It's really fascinating to watch this kind of thing unfold...

g

You know I was kidding right?


ps: it sucks to know that so many people were left holding the bag.

Well, they dumped their bag out at 15c...

and someone picked up those shares and sold them for 50c like 15 mins later.

That is what sucks...

g

A realy great explanation! True
I forgotten the "that stop loss turned into a MARKET SELL ORDER" thing. I never use stop loss.
The whole procedure last days and was fascinating to follow it, youre right.
After touching 0.5 and falling back the eod price was predictable. Boring chart. Was not in, was a good watch and learn thing. Again.
The next 4 weeks will be the daytraders paradise i think. Depends on News.

One question. After reading the Fda questions list, it was clear that they will be (pre) rejected.
Did someone knew before, that they have only 8 US citizens as test patients ?

I think it will move up a little bit in the short term due to speculators, but not much higher so i don't think the risk to reward is worth it, unless you get in at .45 or lower, .40 or less would be better.

Also if they dilute they will probably pump the price up a little bit.

HOWEVER i think the market is short term overbought, and if we have a sell-off speculative penny stocks like this will get crushed.

Going higher now in PM, can't believe this!! saw .63

.65 now...

Wtf

this thing trades PM????


edit: was speaking to the volume of trades already crossing.
hard to convey inflection over text

I am surprised you didn't know about this...

Oh well...I still came out with good profit yesterday..moving on to something else now.

GL