Post by
inthno on Jan 15, 2025 10:02am
Today's News Release
I want to believe especially after being in this since 2000 and the volume makes no sense, more than ever for this company and that was just pre-market. At this time I am still speculating that people got tricked by the onc pr header thinking that the company got regulatory approval for panc which makes sense at first glance. Pre market reacted and then realized what was going on. Having said that it is just my theory and hopefully there is something in the works in the background that we do not know about and would be revealed soon. Please let it be so and now we wait for the posters to be released.
Comment by
CMHarring218431 on Jan 15, 2025 10:21am
This volume pre-market has to be explained by the company. I'll bet there has never been a stock on Nasdaq , trading around a dollar, that traded 26mill shares from 7:00 to 9:30 Eastern time. It is not just unusual, it is bizarre. But then again, if it is real, it's a pretty big deal. Could it have something to do with institutions buying
Comment by
m00nsh0ts on Jan 15, 2025 10:23am
I think it's a partner taking a position in treasury shares,.
Comment by
Investor5876 on Jan 15, 2025 10:27am
There is no other logical explanation except ATM. It would seem that some instituion has invested $20 + million in ONC today. That is good news and it will keep the company afloat for another year. I must say, that is a very deceptive headline on the PR today. By intention, I suppose.
Comment by
Investor5876 on Jan 15, 2025 10:33am
Just re-read it and I retract my statement about the headline. Also, I believe when the dust begins to settle today and the market understands the implicaitions of this new investment, the the SP will trend up nicely.
Comment by
CMHarring218431 on Jan 15, 2025 10:35am
Whatever is responsible,the vol hasn't let up and price is now rising.