Gambler's Biotech thread - Page 21

I did make my relatively large purchase in CYCC before the news of the dilution came out... the stock will likely be under pressure on monday. I will have to decide if I am going to take a relatively large hit at the open and sell it all, or not. I still have a fairly large chunk of cash to average down, or maybe buy back later at 0.85$. We'll see.

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I did some thinking about this issue and was deciding whether or not I wanted to post this, but in the end, I decided to.

I believe that TG was so quick to snap at other people (such as myself) with personal attacks, because he probably was not profitable this year. If you think about it, what would be more frustrating than spending alot of mental energy and investing yourself both financially and emotionally in your picks, and have them implode. Sure the trading environment has been alot harder in the last third of the year as compared to the middle third. Many traders found that the easy momo money that was made from March to July all of a sudden disappeared from August to December. If someone is on edge financially, yet is really trying to find good picks, then the slightest provocation can set them off. Which is what I believe happened to TG when I corrected his typo of "CVM" vs "CXM".

This is kind of like a tell, in that I can gain information about others by probing a little, just as you can test a bid with a 100 share sell to see if the 100 share reserve order is really 100 shares, or 10,000.

That being said, I think that I have learned that TG probably didn't do so well this year, and that is what made him so easy to set off. But it also tells me that he likely is not conducting a pump and dump operation. If he were, he would be selling all his shares within minutes of his emails going out, and would be up massively for the year. The fact that he is irritable, which means he is probably not profitable, means that he probably is not doing front-loading pump and dump that many are accusing him of. That doesn't mean that others are not doing that, however. We at least know that at least a few traders are scalping off the spike generated by his emails.

So, on the off chance that TG reads this post, my advice to him would be that sometimes traders are just not profitable and of course, there is no law saying that all traders will be profitable. Clearly, most traders will never be profitable. If TG has really given a good, solid effort to be profitable, and was not profitable in one of the best long trading environments ever, then maybe it was not just meant to be. If he is not meant to trade then there are many other more productive ways to spend his time.

TG: If you do read this post, please do not take it the wrong way. I am in no way trying to be condescending, yet I am worried that you will take my post that way. I would rather you just not reply to this post as you could claim you never saw it, yet you would still be able to get the gist of my message. This is why I posted it on my thread, and not yours. To show that I am not just trying to be a condescending jerk, I will stop antagonizing you and posting on your thread.

Best of luck in your trading in 2010.

g

You are incorrect. It is the lesser of 4M shares, OR 60M$, not the greater. No offense, but as you have just demonstrated, the average investor looking at the CEFF does not understand the terms of the CEFF, which makes the worry of dilution seem larger than it is.

http://findarticles.com/p/articles/m.../ai_n27470610/

"* Cyclacel can access up to $60 million from Kingsbridge in exchange for newly-issued shares of Cyclacel's common stock. Kingsbridge is committed under the CEFF to purchase the lesser of 4,084,590 shares of common stock or $60 million of common stock from Cyclacel. Cyclacel may access the capital for up to three years after the Securities and Exchange Commission declares effective the registration statement to be filed by Cyclacel covering the resale of the shares of common stock issuable to Kingsbridge in connection with the CEFF and the shares of common stock underlying the warrant issued to Kingsbridge discussed below."

But all of this is moot. I may just put in a market sell of 110K shares at 0930:01 so you might be able to buy at 0.82 by thursday.

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The point of my arguments with him was that I wanted the noobs to stop being little zombies buying and selling on his command. Hopefully if enough traders started pointing out the futility of buying 5 minutes later and 30% points higher than when his emails went out, maybe the lightbulb would come on and the noobs would realize that they are getting hustled.

The more I see how he operates, the more he reminds me EXACTLY of evil Russell on Survivor Samoa... He manipulated people, lied to people, when he got threatened he eliminated people, and described himself as the "puppetmaster".

http://bearmythology.net/2009/09/18/...urvivor-samoa/

Make sure you click on the video... it fits him to a 'T', imo.

As far as your assertion that TG isn't buying shares before his email? of course he is. No reasonable trader doubts that. What I am questioning is if he is selling those shares within minutes of his email going out. Obviously his emails create a buying interest and price spike in some thinly traded stocks. The question is, is... does he load up on the stock before the email (probably yes) and then put in a limit sell order at, say, 20% higher than the current price, and then send out his email, virtually guaranteeing that he will make an instant profit.

If he is just loading up before the email, then I think it is somewhat ethically questionable, but not illegal. If he is loading up before the email AND selling right after the email comes out, that is illegal. I had actually started to draft up and email to enforcement@sec.gov

http://www.sec.gov/complaint.shtml

with copies of his emails he sent, price charts, and asked them to investigate him for violation of SEC laws, much as they got Lebed

http://www.net4tv.com/VOICE/Story.cfm?storyID=2882

If he was not actually doing the pump and dump, then he would have nothing to fear. But if he was, he was in for a world of hurt.

But then I decided that that would be like kicking a guy when he was down, and just saved the draft of the email. So it is still there, to be emailed to the SEC if he doesn't rein himself in, but for now I won't send it.

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Hehe... that video of Russell was the first hit when I google searched for "youtube russell puppetmaster", coming from a gay male website... it took me a moment to realize that.

http://www.google.com/search?source=...+ru&aqi=g-p1g9

I am sure that TG will have a field day with that one... lol

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