Stellar Biotechnologies, Inc V.KLH

Well Okay Now...

[PaleRider22]

Let's see if this wonder stock has a nice pop in the next little while...fully expected the share price to reach down here...I've placed my bet with house money...now ready for the cards to be dealt...GLA

[invertedhammer]

A double bounce off .65... talk about obvious... I could see it coming from a dollar away.

[PaleRider22]

LOL...okay, you got me....now let's see if the folks manipulating this 'next big thing' of a stock will let us earn....or maybe the whole racket is finally over? How to trade KLH... Lesson number one: Don't underestimate the other guy's greed! Lesson number two: Don't be as greedy as the other guy...

[invertedhammer]

lesson number three: don't count on a stock performing as expected until it actually happens. The double bounce can be a good thing but it still needs to be confirmed that it is in fact a reversal. When I commented that something is up... it was based on very unusual premarket activity indicating upward momentum could be in the works. Still, nothing has been confirmed as of yet. Yes... we

[PaleRider22]

I agree...no expectations. So far, so good though....you gotta love this stock as a trader...GL

[PaleRider22]

...it will be interesting to see if there is a big share dump into to this today...or will it be left for another day...

[invertedhammer]

today's gap up and low volume could mean the stock will retrace. The 50dma has acted as a point of resistance since October last year and currently sits at .87. The stock has over shot the 50ma several times since october only to pull back to lower grounds. So yes... it will be interesting to see if this is just a repeat.

[invertedhammer]

we breached the 50dma in March and two months later, in May, we breached it again. This is now about two months later once again. I'm thinking that if we don't continue heading north at this time... we will be very soon. The chart and indicators aren't screaming bull yet but have, for the most part, turned upward. Again, they've turned upward before only to turn back down again

[kab3466]

Will we get a repeat of last summer? With their new communications firm, similar to the firm they engaged last year, will we see increasing price due to more exposure? Dont know but the similarity in price and events is intriguing.

[invertedhammer]

I'm of the opinion that the Ruth Group exposing the company to new investors without new news is futile. Old news is stale. Investors need freshly built confidence. KLH revenue isn't the greatest... yet, so they still have to provide proof that their technology as a business model is feasible with a short road to profitability. I'm thinking that the hiring of the Ruth Group has been

[invertedhammer]

I'm thinking the biggest impact will be FDA approval combined with commercial approval for some of the products currently being trialed by Stellar's customers. Now that would ramp up revs real nice.