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JUNE STOCK TALK II

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Posted: #26
I've got a mental stop back above the 50 day MA.  which is around $128.65 or so.  otherwise i'm hoping for more of a sell off
 
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Posted: #27
Quote Originally Posted by claycourtlesson:

QTWW is busted.
 
Unloaded all 2500 at 2.56 for a total assf--k today.  Way it goes, don't feel like waiting for it to go to 2.2ish today.

Closed at 2.21.  What a complete farking dumb gdmf-ing sucker I was to chase at that price (2500 x 2.92).  But, for reasons I cannot explain, had I done nothing with it but watch, then it would've probably blown off today and closed well north of 3.  Way this stuff goes.

No positions anywhere...........got to recuperate and lick wounds for a few days.  Almost everything I made shorting SP 500 on Friday was vaporized today with this gd QTWW.

QTWW just got torn to pieces today on HUGE volume.  Its chart got completely annihilated by the manipulators today.  They wanted it down, and they took it down.  Anyone in their way (like my sorry ass)..................

 
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Posted: #28
I closed out of my PCLN puts before the close.  I wasn't too confident holding them over night.  might as well lock in the quick gain
 
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Posted: #29
CRDC CRDC CRDC!!! on fucking fire!
 
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Posted: #30
CRDC


 
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Posted: #31
Gunners..

lol

They have an investors update on Thu I think where they are going to announce results of a study and some other things, the stock is moving ahead of that..
 
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Posted: #32
I dunno how you guys feel about it, but damn, it is about time for them to move north.Long may it run....
 
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Posted: #33
Yeah it is nice to see, I am interested in the update. I find it curious that they came out and preannounced an update call, that to me means they have something important to say.

Looking at the prospects, if they were to ever get their crap together and start marketing the products and get them used, this market cap is a 5 bagger or more.
 
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Posted: #34
Wow...

30k on the offer at 9 and they vaporized it.



BIG volume for this stock today, I dont recall the last time it traded 500k.


 
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Posted: #35
i'm loving it.  $9.18 with 665k traded!
 
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Posted: #36
profit taking coming in now...
 
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Posted: #37
Yeah they took it down on little volume.

What I hope is that some of the weak longs are out, ones that were waiting to sell.

Get new money in there, let the people who want out to get out.

I am in this for a longer term, for bigger profits than a one day pop.
 
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Posted: #38
Back over 9.



I dont blame you fellas for taking profits if you do, that wouldnt offend me in the slightest. I have a large number of shares but I am not looking for a one day pop and I am willing to ride the swings because if they can get their marketing going and product in the hands of surgeons, this market cap is nothing to what could happen.

I also bot more DRYS shares and options today.
 
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Posted: #39
HOD..


 
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Posted: #40
I thought for a minute to sell my first 200 shares.  i opened my position with 200 shares at $8.98.  but then i thought, NO WAY.  i'm lettin this puppy ride.  my overall basis is $7.84. 
 
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Posted: #41
and i was looking for the VVUS action today.  I missed it this morning.  i could have sold and made a good amount on my calls.  now i'm waiting for it to bump up again, hopefully. 
 
CRDC more than making up for things though.  $9.50 now
 
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Posted: #42
Gunners,

I dont blame you guys..you have a profit on the table, almost 30% and who could sneeze at that?

If you feel the need then do what you feel is best.

I could be completely wrong and this could reverse tomorrow. My shares are long term and I am willing to ride it out because I see the economic value in their product and possible market dominance.
 
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Posted: #43
i'm sticking with it.  no sells today.
 
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Posted: #44
HOD close.


 
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Posted: #45

Hi guys,

 

What does it mean when I have a stock that might need additional maintenance requirement?

 
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Posted: #46
 .  
 
I had CRDC on my watch list for the last couple of weeks, and was going to buy when I noticed that it had fallen into the low 6's.  Got busy at work, checked a few days later and it was back in the 7's.  Got pissed I missed it, and I tried to catch it on a limit at 6.50 thinking it would dip back down that way, and it appears that I totally missed out on this one.
 
I looked on Yahoo and didn't see any news on the stock.  What did I miss?  What took this stock up 35% today that wasn't known previously? 
 
Wallstreet, I know you like it long-term, but if you did not have a position, would you still consider getting in at its current price, or do you expect it to sell off in the short term? 
 
 
 
 
 
 
 
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Posted: #47
I can speak for wall, he LOVES it long term.  If I were you, I would buy 1/4 of the shares that you'd like to have right now.  If the thing keeps flying up, then all the better, you are making money.  if it comes down a bit, then add another 1/4 and start building your position.  Just don't go all in right now, in case of a sell-off.   
 
The news yesterday was that they will be announcing clinical trials on thursday:
 

The Company announced that data from the 220-patient prospective, randomized pivotal clinical trial of its PAS-Port(R) Proximal Anastomosis System will be presented at the 2008 Annual Scientific Meeting of the International Society for Minimally Invasive Cardiothoracic Surgery (ISMICS) in Boston. The presentation, entitled "The Cardica PAS-Port Proximal Anastomotic Connector Device: First Report of the Results of the FDA Trial," will be given during the Late Breaking News session on Thursday, June 12, at 1:15 p.m. Eastern Time by principal study investigator John D. Puskas, M.D., chief of cardiac surgery at Emory Crawford Long Hospital in Atlanta. As previously announced, the trial, which compared graft vessel connections made using the PAS-Port system to conventional hand-sewn sutures during CABG procedures, achieved all of its primary and secondary endpoints. Based on the positive trial data, Cardica submitted a 510(k) premarket notification in April to the U.S. Food and Drug Administration for the PAS-Port system.

Panelists for the investor event will include: -- Husam H. Balkhy, M.D., chairman of cardiothoracic surgery at The Wisconsin Heart Hospital and clinical assistant professor of surgery at the Medical College of Wisconsin. He is a well-known advocate of minimally-invasive cardiac surgery and has the largest experience in the United States with distal anastomotic devices in coronary artery bypass. -- Robert S. Poston, M.D., chief of cardiac surgery at Boston Medical Center. Previously, he was an associate professor of surgery at the University of Maryland where he focused his activities in the field of off-pump and minimally-invasive/robotic CABG. His research into minimally-invasive CABG and the hybrid procedure was recognized in 2005 by the Daily Record magazine as an "Innovation of the Year." -- Sudhir Srivastava, M.D., director of robotic and minimally-invasive cardiac surgery at the University of Chicago Medical Center. He pioneered both the da Vinci revascularization and port-only coronary artery bypass surgical methods and has performed more of these procedures than any other surgeon in the world.

Webcast Details

The event will be webcast live on Thursday, June 12, at 5:15 p.m. Eastern Time. To access the live and subsequently archived webcast of the discussion, go to the Investor Relations section of Cardica's website at https://www.cardica.com. Please connect to the website at least 15 minutes prior to the webcast to allow for any necessary software downloads.

 

My guess is that people started digging, and good news got leaked.  and short sellers got squeezed, to boot

 
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Posted: #48
Gunners,

Funny we saw that news and nothing happened initially..so I didnt think much of it. Obviously something was leaked and the buying was nibbles early, then at noon EST someone put some money to work and the bigger buying started-
LINK

Then look at 1:15 and the 35k on the offer got snuffed out and removed. After that I think it hit some radars and some players came and got involved.

I think the trial went well, as all of us that know the company would expect and that trial success will open the door and since it is being presented at a big conference like that, it will be known in the industry and is great for the company.

I dont think the stock is going off the charts from here, and it SHOULD retrace..but if it doesnt, I cannot be sure of that either.

Taking a 1/4 position would be ok, but I really think the stock comes in after the conference.

HAT...what you are reading is that a stock you own is going to require more margin if you are using margin. Here is an example-

Stock RIMM (all hypothetical) currently at broker X has a 50% margin requirement..that means if you are buying it using margin, you must hold in equity 50% of the position..so like this-

RIMM is 100 bucks (hypothetical) you own 100 shares, that is 10k in money, but if you were using margin it would mean that the broker only requires you to keep 5k to hold the 100 shares, the rest is on "margin" or borrowed money from the firm, and in return you pay a margin interest rate to the firm.

Now...RIMM has gone crazy it is a riskier stock (hypothetical) and the brokerage feels the margin maintenance requirement needs to be 75%, now instead of needing to have 5k in CASH in the account, you must have 7500 bucks. It means the broker needs you to hold more cash to use margin with the stock.

Does that help?
 
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Posted: #49
Gunners
 
Wallstreet
 
Thank you guys both for the input.  I'm just mad at myself because i did like this stock long term and shouldn't have tried to penny pinch for that extra 6-7% to catch it on a dip.   It would have been nice to have that 35%, but I guess you live and you learn. 
 
I do like this stock, so assuming it doesn't open much higher, I like the idea of dipping my toes in a little bit.  If it goes down, I can build up my position later.  If it goes up, at least I made a little money on it. 
 
 
 
 
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Posted: #50
if CRDC does retrace, i hope it can find support around 8.75-9.25.  enough of this 7 and 6 handle crap. 
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