Thanks for posting, for contributing some great datapoints/teaching points surrounding $aveo. I'm in my 2nd month of trading and this stock has totally confused me.
Check MTBC from April 26, 2017 - May 9th, 2017. The stock was coming off a low of 29 cents a few days before, then some "good news", and then it drifted up around $2. No where as nice of a pattern as $AVEO, but then "great" earnings (as expected) on May 10th, more "good news" that day, and then a nice offering at the close with a price from the higher trading range.
Not saying the same thing will happen here, but as Tim says, learn from the past, and I see some eerily similar sequences of events now (including the delisting issue, as MTBC was in the same position) that makes me want to avoid this for now. There will be lots of trading opportunites still, but I'm not comfortable playing this tock now.
Thank for taking the time to show me a similar example of manipulation. Even now $aveo climbs to 2.87. I will be watching this one, and will be interesting to see when and how it comes down.
Thanks for posting, for contributing some great datapoints/teaching points surrounding $aveo. I'm in my 2nd month of trading and this stock has totally confused me.
Check MTBC from April 26, 2017 - May 9th, 2017. The stock was coming off a low of 29 cents a few days before, then some "good news", and then it drifted up around $2. No where as nice of a pattern as $AVEO, but then "great" earnings (as expected) on May 10th, more "good news" that day, and then a nice offering at the close with a price from the higher trading range.
Not saying the same thing will happen here, but as Tim says, learn from the past, and I see some eerily similar sequences of events now (including the delisting issue, as MTBC was in the same position) that makes me want to avoid this for now. There will be lots of trading opportunites still, but I'm not comfortable playing this tock now.
Thank for taking the time to show me a similar example of manipulation. Even now $aveo climbs to 2.87. I will be watching this one, and will be interesting to see when and how it comes down.
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