DNDN Update
IDMI failure pulled down DNDN as well yesterday.
DNDN must stay above EMA 9, otherwise, it will re-visit previous low of $15
Adam
Hold tight your seat belts, the price can swing both ways as May 15 is near
Morsid, kenttkw
Did you buy yesterday?
Otherwise stay on the side line
84 comments:
good morning/evening ...glad to know you are around..i am riding this horse..
DNDN - I did not jump in yesterday as i gueess smart money knew feel so bulish on the stock thus to bring it down to scare and buy at low price...oportunity of short selling for the big fish.
Morning to you too
Biotech sector sentiment don't bode well after series of failures by other Biotech company.
FDA could have tightened the rules that cover every aspect, I'm not sure about DNDN potential on May 15
Overheard rumors that printing of DNDN pamphlet in progress whilst waiting for the official announcement from FDA
As I type pre market price lean towards $17
10 day moving average at 16.87
Will the share price go below 16?
cant say...i think today we might see some upward movement..if not we gotta do some serious searching for answers.
Probably, smart money will take us down in AM and swing on the opposite direction in the afternoon
The gap at 16.06 has to be filled today
FROM Investor Village DNDN Earnings CALL GOOD TIME for APPROVAL
We expect to hear a PR after market close tomorrow that says Dendreon announces FDA approval for Provenge; Dendreon will discuss the approval at a conference call to be held on May 10 at 11 a.m. Eastern. The PR may also contain the quarterly numbers or those numbers will be included in a separate PR on the same date.
Take note
DJ & Nasdaq are due for correction
Get yourself prepared near low $16 for the next load
Adam
Are you familiar with candle sticks
Observed this morning BULLISH (DOJI) STAR
Definition
Bullish (Doji) Star Pattern is a short candlestick, a spinning top, a highwave or a doji, which gaps from a long black candlestick during a downtrend.
Recognition Criteria:
1. Market is characterized by downtrend.
2. We see a long black candlestick on the first day.
3. Then we see a short candlestick, a spinning top, a highwave or a doji, that gaps in the direction of the previous trend on second day.
4. The shadows of this short candlestick, spinning top, highwave or doji are not long.
Explanation:
Usually a star that follows a long black candlestick in a downtrend indicates a change in the market environment. Bears were in control during the downtrend but now a change is implied by the appearance of a star that shows that the bulls and the bears are in equilibrium. The downward energy is dissipating. Things are not favorable for continuation of a bear market.
Important Factors:
A confirmation of the reversal on the third day is required. This confirmation of the trend reversal may be in the form of a white candlestick, a large gap up or a higher close on the next trading day (third day).
A continuation of blood letting on the street for the second consecutive day.
15 counters on my radar screen are all RED except Apple Computers + 0.45
The biggest loser DNDN - 0.91
fakir
Yes.just went for a jog in the park..thanks for the explanation. It is true the rich are greedier (MM) :). I see a lot of red around too in my watchlists..what do you think of BPA, LNUX..
Both look good on TA, but I do not know about fundamentals
Back to candle stick
If candle stick theory is accurate, then bottom is in place and we will not see low $16.
Confirmation of reversal is required, may be tomorrow. We shall see large tomorrow AM
I am waiting to pick below $17
We shall see large "gap" tomorrow AM
fakir
are you long in any other stock..
NO
Already out last week
CVTX, ONSM, FMD
Other stocks on my radar screen
AAPL, AMD, BRCM, CYTR, DYN, MAS, NSTK, NVDA, ONT, PMTI & TZOO
Resistance 17.30
If the price close above $18.00 at the end of the day, there shall be a large "Gap" tomorrow AM market open.
It's very bullish
Candle stick theory
Usually a star that follows a long black candlestick in a downtrend indicates a change in the market environment. Bears were in control during the downtrend but now a change is implied by the appearance of a star that shows that the bulls and the bears are in equilibrium. The downward energy is dissipating. Things are not favorable for continuation of a bear market.
Adam, are you still around?
yes.. i am doing other house stuff..
fakir ..you hanging in there..waiting is agonising..
zzzzzzzzzz about 1 hour
alarm clock 3.15 am
good..you need it..
Adam
We meet again here tomorrow
Continue this thread, I cannot post new thread, think there is some problem with the blog
Hi All
Bad news for DNDN
Share price plummeted almost 60% of yesterday closed price. I was quite fortunate sold my shares last 3 minutes b4 market close yesterday and hold 100 shares just in case.
I was not available today till 6 p.m
Hi Adam
Hope that you cleared your holding yesterday.
I observed the pre-market could be overdone. The "bears" will be on rampage.
Warren Buffet Quote
When there is blood on the street, where the sell off more than 50% of closed price, it's an opportunity to buy and sell later, after lunch, you could earn huge gains.
BUT, we can't follow him (deep pocket)as we cannot afford to do so.
I may sell my 100 shares on strength.
No one expect the news to be released b4 May 15.
fakir,
I did not sell, not expecting the news. They received an approvable letter, 6 months to provide the info. This would be a good time to buy now.
ONT on the move today, CHECK
Yes good time to buy, but we do not where the bottom is, probably day trade for today
Adam
Fishing in cheap market just now
Hello,
somewhat of a lurker here... just starting to get into stocks and this was somewhat of a nice lesson, abit a bit painful, but nonetheless a lesson in stocks. I wanted to thank you for the analysises posted here, and the refreshing comments.
I was wondering though, I've been trying to follow the news, but I haven't hear any specifics other than it was given an approval but with more information. I wasn't aware that there was a 6 month time period? And has dndn made a reply as of yet?
Thanks guys,
Ult
Well come Robert
We shall hear reply from DNDN PR soon, may be after market close or day after
The bad news was released b4 the date line May 15 caught every one off guard.
One would be able to identify in the last 2 trading days (Monday & yesterday) when huge block "bid" snapped by invisible hand.
Thanks for the welcome fakir.
I was also very surprised with the early announcement. I had expected that the annoucement would come Friday at earliest, or Tuesday as forecast. I was considering riding the speculation wave up until Friday and sell a couple of shares and then hold on tight for Tuesday.
Didn't expect to wake up this morning and get surprised.
So even with my little amount of shares I'm out, for now at least. I will wait out the drop for a bit and hopefully see when the bottom hits and maybe pick up a few shares to hold onto. Hopefully, the news on what the fda needs won't be too long in coming, and then hopefully it's not something that will be difficult to provide.
Ult
Actually, as I'm looking at level 2, it's sitting somewhat at ~7.60, remember though I'm quite new to this, but I thought it would be farther down.
Ult
Sell off more than 50% is overdone
Warren Buffet strategy, Buy when there are blood on the street and sell the next day. You will make huge gains in 2 days.
DNDN will go south after 3 or 4 days as investors will be digesting FDA requirements and DNDN official reply
guys..
nice to have another voice in here. I am also waiting for the shakeout.
By Adam Feuerstein
So, I'm sorry for being wrong on this one. It stings. But it's hardly a surprise. The Dendreon story has always been a high-risk one; that's something I made clear from the beginning. Unfortunately, the Provenge skeptics, including the short-sellers, were right -- at least for now.
Much is still unknown about Dendreon's next steps and what precisely the company needs to do to get Provenge back on track. If the FDA requires new data from the ongoing phase III trial, it could take18 months to three years before those data are ready.
Dendreon's management is in touch with the FDA to get clarification, says a source close to the company. So, until Dendreon says something beyond its rather skimpy statement Wednesday, the regulatory path for Provenge will remain opaque.
Meanwhile, I expect Dendreon shares to return to the single digits. The stock is down more than 50% to $7.42 in recent trading
18 months to 3 years
Can we wait that long?
Adam, what say you?
that is a long time...i was ready for 6 months...need to get some clarifications from DNDN before acting
Until there is specific news on what the fda wants it's a tough call when to get back in, or if to get back in. Worse case it's wait until the current study is done, that's 2010 from what I remember. Best case it's something that can be resolved within a few months.
A bit gunshy at this point, while I expected it to go down further than it is right now, I'm hesitant to pull the trigger just yet.
Of course when the specifics are released I'll either miss the rush to buy or be thankful I didn't.
Ult
Cut loss 100 $17.20
Typo error
$7.20
Free Fall now
$5?
Yep slow and agonizing. Was thinking to maybe get back in at 5, not rethinking.
Ult
To fill the gap at 5.30 to 5.40
may be tomorrow
Sell off continue today
pre market $5.60 now
DNDN conference call after market close.
Pick for today
I will be looking at CYTR today
Break out yesterday and closed at 4.31
Resistance MA 50 4.45
If 5.30 burst, that's it
We will see new low below $5
Morsid, Adam & Robert
Are u around?
I just got on, looks like it's following what we thought.
I'm pondering the conference call after hours. If it was good news you would probably expect them to announce as soon as you could. If it's bad news... or maybe they're waiting fda to approve...
I did say I would might jump back in if it was in the 5's, now I'm not so sure...
Ult
Robert
We would be able to make some money just now if we day trade
Look like dead cat bounced or could be short covering
DNDN swing fast both way
Not exactly sure what you mean... somewhat of a beginner still.
I'm guessing you meant it was in the low 5s a few mins ago, unloading now would make some money...
But then I'm somewhat ashamed to say I'm not even in the same ballpark as you guys are.
ult
Day trade
Experienced trader will buy and sell 3 to 4 rounds in a day
Example
Low of the day $5.17 for today
1st round in $5.25 out $5.60
2nd round
In $5.40 out $ 5.54
3rd round
In $5.46 out $5.78
Next round
example now price range $5.52 to $5.57
I may jump in at $5.52 but you must exit b4 market close
You wouldn't know what is going to happen next, after market close, there could be a bad news
We can't hold DNDN at this moment
Wait till the dust settled
It does make sense, however at least in my position right now, the amounts I'm playing with probably isn't enough to make the difference.
Ult
Robert
Do you subscribe Real time quote Total view Level II and real time chart?
It is a must for a day trader
I do have access to the free arca web book, not totally sure about the other site.
You'll have to excuse me though, I'll have to admit I am quite new to this, dndn was one of the first stocks that I jumped on.
Thus far lets just say, trial by fire.
Ult
MMs & traders are dumping now
Do not expect any good news from conference call
Bed time for me
We talk again tomorrow
Listening to the call, thus far pretty soothing music...
Ult
DNDN sell off resumed
The destiny of DNDN up to Mr Market
Narrow trading range, 4.95 to 5.46
CYTR down 0.03 to 4.16
NVDA up 2.26
Nvidia (NVDA - Cramer's Take - Stockpickr - Rating) price target raised at Goldman to $35 from $33 after the company reported strong Q1 results showing continued market share gains and margin expansion. Remains a favorite in semi space but see limited upside left. Maintained Buy rating.
DNDN High & Low
1st move
4.95 - 5.46 down to 5.15
2nd move
5.15 - 5.40 down to 5.29
3rd move
5.29 - ?
What would be the best entry for day trade?
Wait for the next consolidation
Good... afternoon, doesn't look too bad actually. If it drops down into the low 5's I might consider picking up a small position to just sit on and wait.
Ult
I missed the boat at 5.30 just now was ready push the button
Don't chase - short covering by MMs
yesterday high was 5.82, resistance
3rd move
5.29 to 5.81 and down to ?
I shall go in the next move
Support 5.60, 5.40 $ 5.30
Good buy entry 4.40 to 4.43
Fakir, when do you think it might drop to 4.40ish? That would indeed be a good entry point.
Ult
Sorry typo error
Good buy entry should be 5.40 to 5.43
The wagon left us already
I believe the will come down after 3 pm
Next buy entry 5.75 to 5.82
Please take note that the buy entry is the support
Important
Position yourself (buy) on the first reversal day on the upside
DNDN rally pattern will last at least 2 to 3 days
Again fakir forgive me for asking some questions.
"Next buy entry 5.75 to 5.82 Please take note that the buy entry is the support"
So the next potential low to get in you believe is at 5.75 to 5.82. I don't quite understand "buy entry is the support" do you mean that the next entry point will be where there is likely to be some support? thus creating the low?
"Important Position yourself (buy) on the first reversal day on the upside DNDN rally pattern will last at least 2 to 3 days"
"the first reversal day" the first day that the price has jumped? if that's the case then really today the price actually jumped a bit. If the rally is to last 2-3 days then today might be a good day to pick some up?
I may be looking at the stock somewhat differently, I'm not attentive currently enough to be day trading, and really the amount of stock I'm dealing with wouldn't make it worthwhile to. I'd like to pick some shares up because I believe that the science is there, and there might be partnership in the works, so I guess I'd be considered somewhat of a long?
Ult
Robert
When the share price open low at 4.95 and close above yesterday closed price with good volumes, it's bullish
Closed price yesterday 5.54
Yes, Buy entry is the support
First reversal day is good day to go long and enjoy the ride next 2 days
The support line keep changing so the buy entry
Don't go in now, wait after 3 pm or buy, 5.82 to 5.95
Thank you Fakir.
In general from what I understand there tends to be a bump in the morning from some traders getting in, that tends to follow with a bit of a dip.
Towards the ends of the day though there seem to always be somewhat of a sell off towards the market close.
I guess the question is if the dip tomarrow morning is going to be lower than the dip towards the end of the day today..
Ult
DNDN trading pattern
Uptrend & Downtrend
More often than not, DNDN after first reversal day on the uptrend, there shall be a Big Gap opening price the next trading day. Range from $0.50 to $2.00 above the closed price.
Example, price close $6.50 today – Monday morning open $7.00 to $7.50
Downtrend
Price closed $6.50 today – Monday morning open $5.50 to $6.00
BTW, looking at the buying momentum right now, we won't be able to get below $6.00
Robert, do you GET THE PICTURE of the above?
Yes fakir, I think I understand. Interesting though because for a while it looked like it was going to end on a strong note around ~6.46ish now it seems to have reversed itself. It seems like on fridays there tends to be a sell off towards the end of the day...
Ult
so as long as we end in the green today, it is like to have a .50-2.00 gap in the am on monday, if we end in the red then the adverse.
With todays action is will almost certainly close in the green, giving the likely trend on monday.
Ult
Yes, closed price yesterday $5.45
But 31 minutes to go, anything can happen
When you are not sure buy small
Practically, most of the stocks are of similar pattern, open with a big gap after the first reversal day
got back in basically at the bell with a small position.
Ult
Robert
Vested interest 6.07 small quantity
BTW, where are you from?
Adam MIA
Out in the Usa, been bouncing from one coast to another the past few years though, you?
Ult
Singapore
Will be back on Monday
Have a good weekend.
Ult
hey guys,
see you'll back on monday....
adam
Hi guys
I got a problem cannot add new post
Please continue with DNDN update thread till the problem is resolved
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