Question for you on ONTX.oldarmy1 said:
Competition was fierce under $0.28 for shares. I had a 3 million share order on with only 10000 showing and refreshing. You do that so if it sells under what you show because of larger market sells you benefit from lower fills on the refresh. You also can miss on a full order fill. But I love doing it that way.
Never know once market opens if we revisit or value buying shoots it up so if we make $0.35 or close premarket I take some quick gains and be prepared to buy.
With this significant of a drop in price, I imagine they will close below $1 for the next couple of weeks at a minimum at which point they will have to announce a plan for how to get back above $1. Since they no longer have this drug they were confident in to get them back there organically, I assume it's more likely they will end up announcing a split which tends to drive the price down further again.
Are your purchases now strictly to try and get a bounce back in the price this week to recover some of the losses from the drop in price today? I know your average cost is pretty low as it was so you may still be positive overall anyway, but the 70% drop is still a huge drop in overall value.
Is there something I'm missing or do you still think it can bet back to $1 to be in good standing? I'm not aware of any of their other trials announcing anything in the near future.