Thurs StockPrice 7% Gains

Quote

anonymous

Guest
Just maybe this board doesn't just post all garbage. Todays stock price gain of 7% is up on no news. Appears something may indeed be on the table trying to get finalized by attorneys.
 












Must admit though that stocks do not rise 7% (especially Pernix) without some sort of big news in the works. Someone inside knows something, and somehow this got leaked out to a few employees I imagined. In anycase, something is definitely up with the stock price rising so much today with no news. Honestly do not think it has anything to do with mgmt. clocks being broken.
 












Above average volume today along with the 7% gains - plus rumor of buyout at the lawyers makes the gains more interesting than on low volume days. Could be something to do after hours
 
























You sir were correct. This is a penny stock trading like a financial distressed penny stock company. Company release GREAT press release last week on clinical trials being successful and stock price is now lower than the release. When other pharma companies release similar, they sky rocket in stock price and general hold the new higher price.

It is not market manipulation but financial distress and no buy out candidates stepping forward that keeps lowering this price. Once it hits .30 cents range - bankruptcy would start to get priced into the stock
 






Company has close to a 50% short float. No come on Stock Twit guys, who do you think those 50% investors are that is shorting this stock on all you longs. It is the large hedge funds and mutual funds and larger investors that realize their original investment going long is not working out. So to reduce loss exposure, they are shorting this stock on you guys, reducing stock price into the 40's , then buying.... stock price raises to .50 or so, then they sell their long position for a gains - and then they short at .50 and drop press as a result into the 40's.

This is not market manipulation, it is called day trading via computer algo systems (which is legal).
 






Go back and look at SunEdison chart the few months before it went bankrupt. It was heavily institutional owned. Everyone on Stock Twits was screaming the largest solar company had tremendous assets and would be sold (despite heavy debt like Pernix). That this was the homerun stock they were going to wait out and become rich.

Again, go back and look at the daily stock charts, it traded EXACTLY the same as Pernix is trading now. And it was because the larger investors/funds were shorting in the same many as PTX to recoup some of their loss long positions. and once they recouped , they let the stock go. and since it had no more volume, price dropped and dropped and dropped.

What Stocktwits folks do not realize is there is NO volume to support an increase in Pernix stock price once they MM's stop trading. thus price will drop into the bankruptcy range of .30's
 






Top Bottom
Back
Quote