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billryan
billryan
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May 11th, 2020 at 5:13:51 PM permalink
It's average price for the past year is eighty six cents.
In late December, it was under thirty cents.
In April, someone leaked the partial results of an incomplete study and the stock went to $3.80 and a bunch of insiders sold on the news.
It has since lost about a third of its price.
It doesn't matter if it's shoes, drugs or a gaming stock. When you see a pattern like that, something seems askew.
darkoz
darkoz
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May 11th, 2020 at 5:39:16 PM permalink
Quote: billryan

It's average price for the past year is eighty six cents.
In late December, it was under thirty cents.
In April, someone leaked the partial results of an incomplete study and the stock went to $3.80 and a bunch of insiders sold on the news.
It has since lost about a third of its price.
It doesn't matter if it's shoes, drugs or a gaming stock. When you see a pattern like that, something seems askew.



I appreciate your due diligence.

In fact the price has averaged under $1 for the last FIVE years.



To me that adds credibility. They were preparing a pre-sale item and are closing in on that goal with surprising results from Covid-19 testing which is an immediate concern right now. No wonder it's value has gone up.

I researched the Steve Madden shoes scandal and I do thank you for pointing me to that.

The Steve Madden pump and dump was perpetrated 22 times. That's huge!! Twenty two pump and dumps artificially.

Staying level at around eighty cents for five years?? That doesn't smell pump and dump. That appears like a company working on a pre-sale product which is coming close to fruition.
For Whom the bus tolls; The bus tolls for thee
SOOPOO
SOOPOO
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May 11th, 2020 at 6:11:27 PM permalink
I hope it succeeds. May help a bit. If it was a real game changer we would know already. If it is as effective as Remdesivir that would be great. A few days less in the hospital, a slightly quicker recovery, a slightly lower death rate is what we need until a vaccine is made. If it is symbiotic with Remdesivir that could approach a 'game changer'. For those unaware, AIDS is treated by multiple drugs used together. Certain bacterial infections are attacked by multiple drugs as well.

I have not bought any of the stock as I do know people at the NY hospital involved in the research. Not interested in going to jail for insider trading.... Although I think everything is public already that I know.....
onenickelmiracle
onenickelmiracle
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May 11th, 2020 at 6:52:05 PM permalink
I'm quite skeptical Darkoz, and agree the stock might just be manipulated by the company as the only means to make personal gains. I was kind of shocked, but that company Inovio isn't very reputable and they have a pattern of press releases and no drugs. There was a company called Theranos which was totally fake before, you should read into it. If the company had something, by now, the price would be worth a lot of money and not still be under $5. You might want to buy call options on the stock if you think it's really great. My bet is it's a lie whatever is going on. As far as insiders selling, they have to put some kind of order in in advance and can't just buy or sell whenever they want. Precise details, I'm not aware of. If I were you I would find it out and try to guess if this was orchestrated.
In the land of the blind, the man with one eye is the care taker. Hold my beer.
darkoz
darkoz
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Thanks for this post from:
onenickelmiracle
May 11th, 2020 at 8:04:19 PM permalink
Quote: onenickelmiracle

I'm quite skeptical Darkoz, and agree the stock might just be manipulated by the company as the only means to make personal gains. I was kind of shocked, but that company Inovio isn't very reputable and they have a pattern of press releases and no drugs. There was a company called Theranos which was totally fake before, you should read into it. If the company had something, by now, the price would be worth a lot of money and not still be under $5. You might want to buy call options on the stock if you think it's really great. My bet is it's a lie whatever is going on. As far as insiders selling, they have to put some kind of order in in advance and can't just buy or sell whenever they want. Precise details, I'm not aware of. If I were you I would find it out and try to guess if this was orchestrated.



Thanks.

I have tried due diligence but I must admit I am new to the stock market

Like newborn babe new!

This is literally my one and only purchase ever. I had to open an account, did it with the wrong app (they didn't list CYDY) took me almost a week to wait for some clearance and money transfer to go through.

I'm probably doing everything wrong a first time trader can do.

Learning curve!

EDIT: just read about theranos. Well, if rupert Murdoch and general Mattis can be fooled I guess it's the nature of the game. Hopefully I won't be joining their company
Last edited by: darkoz on May 11, 2020
For Whom the bus tolls; The bus tolls for thee
AxelWolf
AxelWolf
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May 11th, 2020 at 9:26:26 PM permalink
Quote: darkoz

Thanks.

I have tried due diligence but I must admit I am new to the stock market

Like newborn babe new!

This is literally my one and only purchase ever. I had to open an account, did it with the wrong app (they didn't list CYDY) took me almost a week to wait for some clearance and money transfer to go through.

I'm probably doing everything wrong a first time trader can do.

Learning curve!

EDIT: just read about theranos. Well, if rupert Murdoch and general Mattis can be fooled I guess it's the nature of the game. Hopefully I won't be joining their company

I have no idea if the stock is a good guy or a bad buy long-term. The company does seem a little sketchy from the very little I have read. So far, it's been a good buy. Whatever the case I can respect the fact that you believed in something so much so that you actually took action made an account then transferred money and bought the stock(I wanted to buy some stocks, but I was too lazy). Right or wrong you certainly did put your money where your mouth was. Unless of course, you're pulling the good old Mdawg trick 😉.

I actually tried to get a few people I felt confident in to invest my money for me into some stocks, but nobody seemed interested. 🤷‍♀️
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
onenickelmiracle
onenickelmiracle
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May 11th, 2020 at 10:34:46 PM permalink
It's just speculation Darkoz. It's a big negative it's not traded everywhere, it's availability or lack of means it is too low to be listed on major exchanges. Think a stock has to be worth $1 to be on them, so that's why. I'm not experienced enough to speak specifics about that, I'm not seeing a complete picture, because I know a lot of stocks able to be traded under $1. They always say to do your research, you have to know the reasons you should buy and know or be able to really tell when it's time to sell. As in gambling price or movement lately isn't the reason unless you're a stupid little b****, you need a reason. Anything can happen, the drug could have some bad news, the stock immediately goes back to $.80 or less, or the news is misunderstood and the stock crashes and then recovers later when the bad news is surpassed by good news the bad news isn't bad anymore or has been reversed somehow. The risk on this stock imo is maybe you want to sell and there are no buyers.

I haven't read much about the drug, so keep this in mind. I was burned on a speculative stock, then some bad puts, I'm pretty much just keeping my head out or against the market one way or another for now.
In the land of the blind, the man with one eye is the care taker. Hold my beer.
billryan
billryan
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May 11th, 2020 at 11:18:27 PM permalink
Quote: AxelWolf

I have no idea if the stock is a good guy or a bad buy long-term. The company does seem a little sketchy from the very little I have read. So far, it's been a good buy. Whatever the case I can respect the fact that you believed in something so much so that you actually took action made an account then transferred money and bought the stock(I wanted to buy some stocks, but I was too lazy). Right or wrong you certainly did put your money where your mouth was. Unless of course, you're pulling the good old Mdawg trick 😉.

I actually tried to get a few people I felt confident in to invest my money for me into some stocks, but nobody seemed interested. 🤷‍♀️




It takes two minutes to set up a stock account and you can answer a few questions to determine what stocks or mostly likely funds are best for you. New investors should stick to ETFs, which are slightly improved mutual funds. Helping friends buy stock is a good way to lose friends.
SOOPOO
SOOPOO
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May 12th, 2020 at 6:30:22 AM permalink
Quote: billryan

It takes two minutes to set up a stock account and you can answer a few questions to determine what stocks or mostly likely funds are best for you. New investors should stick to ETFs, which are slightly improved mutual funds. Helping friends buy stock is a good way to lose friends.



Agree except the last sentence. Not actively 'managing', but I am helping quite a few friends "buy stocks". All realize that there is risk, but I help them at least minimize expenses and reasonably diversify. One friend was having her $100k managed for $1k a year. He had her in one mutual fund that had an expense ratio of nearly 2%! And it just picked popular big stocks; Apple was its number 1 holding. He also had her in 2 individual stocks that were down in the period Sep 1- Jan 1. The entire portfolio was even while all indices were way up. She came to me and showed me a 7 year gain of barely a few percent!
I told her just not paying the guy 1% is the first start. Had her buy VIG. My favorite ETF now. I like the concept.
billryan
billryan
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May 12th, 2020 at 9:48:02 AM permalink
I'm not saying it is the case in this situation, but one of the methods used by pump and dumpers is to take over ownership/management of a company with a steady stock price for years, create a buzz about a new product and have potential clients look at the old track record of the stock. There was a brokerage on Long Island that employed a number of my friends which it turned out did little but pump and dump small companies. They all knew what they were doing but at the time the commission levels were insane. At a regular firm, you were expected to reach quotas and you might get a yearly bonus based on how well you did. This firm only sold over the counter stocks and you could make up to a twenty-five percent commission. Bring in $100,000 in new revenue and you got an immediate $25,000 bonus. When you have your twenty-five year old employees all driving Porsches, it's a hell of a recruiting pitch.
Few people go broke by appealing to mans greed.

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