PLX trade ideas
Ahhem.. Blue line should..Ahem..Hold..Thank god for charts.. It may be the only thing keeping this POS co from going to 0..!! For all you who are holding long.. as I am as well. Put on ur best Jersey accent and.. Fogetaboutit..!!! Lets hope someday we wake up and some crazy news comes in and we CAN ALL GET OUT OF THIS POS !!! It could happen..Right? I welcome any and all comments.. by the way..
NO BLA SUB. ANYTIME SOON..!!!After 3 yrs of learning to speak semi fluent PLX I have learned a thing or two. When they dont say anything.. THEY are saying plenty. And this time.. When they mentioned nothing about April ..filling for the BLA. They meant it. There will be no filing based on the data they have thus far. If Im wrong.. I will eat my words. But my gut tells me they knew it all along and have strung us out to dry. Why else ask for more shares When they have all and more than they need ??? I really hope Im wrong but .. haha.. I dont think so. Last day of April tomorrow and I dont buy any excuses because of the virus that they didnt submit. They NEVER INTENDED ON SUBMITTING IN APRIL..They are liers and theives.Who may just have a decent drug. I am long plx but I despise them as a company and people. And personally after yesterdays candle Id say..go ahead and short em. I still think all time lows are instore semi soon. !!
Expect NEW ...all time lows for PLXAPRIL.. APRIL..APRIL.. They told us.. Thats when they will use Bright data and file for the BLA.. Because the FDA said they could? Right??? Ill say it again.. April.. April April.. WELL ITS APRIL..!!!!!!!!!! Wanna know what I think they wont do???? Pretty clear now isnt it?
HMMMMMM....PLX : In true limp D$#K fashion. I am bearish till they , hopefully figure our their finances. Don't doubt they have a winner in 102 but ...and that is a Major Butt.. R/S and then Dilution? Not ;likening whats goin on here. Ya.. they probably need the RS but give us something ..!! So we don't think ur gonna Dilute us into Oblivion..!! Is it the language barrier? Met with FDA through OCT.??? What does that mean?? UGH..!!!!
Broke support - Will it reach 0.18 to trigger a Butterfly?PLX broke below support last week, following its earnings.
If PLX won't close above support this week (which looks like it won't... but still about 60 minutes to the close), it will probably continue lower.
The next potential Buy Zone is near 0.18$
The chart shows that near 0.18$ we have:
- Completion of a bullish Butterfly pattern
- The bottom of a trading channel
If PLX will close above support again (before hitting the 0.18$ level), it will generate a potential false break
and will probably drive the stock back towards the top of the channel