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Post by jckrdu on Apr 29, 2015 13:05:05 GMT
Etrade now showing 104.8 million shares outstanding. At an approximate .62 pps, that's a market cap of $65 million. Not a bad entry point if you think the 2 upcoming data releases in May (spinal) and June (AMD) will be positive.
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Post by CM kipper007 on Apr 29, 2015 16:36:08 GMT
Etrade now showing 104.8 million shares outstanding. At an approximate .62 pps, that's a market cap of $65 million. Not a bad entry point if you think the 2 upcoming data releases in May (spinal) and June (AMD) will be positive. Jck, how are the warrants for STEM's raise any different from what you have warned against in the past? |
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Post by jckrdu on Apr 29, 2015 16:53:45 GMT
Etrade now showing 104.8 million shares outstanding. At an approximate .62 pps, that's a market cap of $65 million. Not a bad entry point if you think the 2 upcoming data releases in May (spinal) and June (AMD) will be positive. Jck, how are the warrants for STEM's raise any different from what you have warned against in the past? The warrants - with a 5 year term - certainly aren't great, but IMO offering those warrants with those terms was the only way STEM could raise the cash.
That said, I still think there's a near-term opportunity here given the 2 upcoming data releases. If the first data release is positive, it should generate more interest and some type of a bigger run-up prior to the second data release.
I'm not going to be investing in STEM for the long-term (waiting to get back into OCAT after they recapitalize the company), but with their capital raise behind them, only a $63M market cap, and those catalysts around the corner... I think its a decent short-term opportunity.
There's certainly risk as well ... if the May spinal data release underwhelms it'll likely be headed back down to a $50 million market cap.
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Post by jckrdu on May 5, 2015 16:08:14 GMT
Added more under .60 and at .60 this morning.
Qtry earnings call tonight. With any luck, they'll announce they have enough cash for the foreseeable future, which can set the stage for some pps revovery over the next few months. Data coming out 5/14 and 6/24.
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Post by jckrdu on May 7, 2015 14:27:33 GMT
Added more under .60 and at .60 this morning. Qtry earnings call tonight. With any luck, they'll announce they have enough cash for the foreseeable future, which can set the stage for some pps revovery over the next few months. Data coming out 5/14 and 6/24. My thoughts for anyone in STEM....
A little more volume this morning as it moves out of the .59 to .60 consolidation pattern over the past week or so. I thought a $60 million market cap was a bit oversold so I've been adding at .59 and .60 over the past week.
Conference call yesterday was decent. They now have $37 million cash on the balance sheet which should last them over a year into mid/late 2016... they burn around $9M per quarter. They also have a bunch of warrants out there at .85 so IMO the plan is to get the pps over .85 over the next 12 months so additional cash comes in via those warrants.
With the capital raise behind them, market hopefully starts looking ahead to the May 14th (spinal data) and June 24th (AMD data) upcoming milestones.
I'm not expecting miracles with STEMS's pps, but if they can get over $.70 (the price of the recent offering) that'll be a 20% move up from .60. With decent data released in May and June, this could approach the .80s.
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Post by jckrdu on May 7, 2015 14:54:30 GMT
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Post by jckrdu on May 7, 2015 17:04:59 GMT
I've been following the technicals on STEM for the past week...
If you look at the 5 day chart you'll see the consolidation pattern and the narrowing trading range around .60 which was pointing to a little break-out to a higher trading range. We got that little break-out today.
It's now been flagging at .64 on very good volume. The longer it consolidates in the flag at .64, the greater the chances it breaks out to the .68 to .70 range.
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Post by jckrdu on May 7, 2015 19:04:56 GMT
I've been following the technicals on STEM for the past week... If you look at the 5 day chart you'll see the consolidation pattern and the narrowing trading range around .60 which was pointing to a little break-out to a higher trading range. We got that little break-out today. It's now been flagging at .64 on very good volume. The longer it consolidates in the flag at .64, the greater the chances it breaks out to the .68 to .70 range. The bad news - The consolidating flag pattern at .64 broke down a bit. If it closes over .63 the flag pattern will still be in-play, but it may need to consolidate further before breaking out.
The good news - The .62 level was acting as a resistance point for the past week or so. After today's breakout through that resistance, the prior .62 resistance should turn into a level of support. That's what just happened as .62 was tested and held.
The move higher today on very high volume, combined with support at .62 holding... supports the view that STEM may have bottomed out and is now at the start of a general uptrend ahead of the 2 data releases in May and June.
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Post by dayanand33 on May 8, 2015 0:13:12 GMT
I think this will tend to settle down at around $0.70 leading to May 14. This is the price at which the new shares were issued.
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Post by JHam on May 8, 2015 1:20:34 GMT
I've been following the technicals on STEM for the past week... If you look at the 5 day chart you'll see the consolidation pattern and the narrowing trading range around .60 which was pointing to a little break-out to a higher trading range. We got that little break-out today. It's now been flagging at .64 on very good volume. The longer it consolidates in the flag at .64, the greater the chances it breaks out to the .68 to .70 range. Good call on this one so far Jckrdu. It makes sense that it will at least get back to the price of the raise ($.70) in the near term. Going off-topic a bit, I think OCAT investors should be paying attention to this raise by STEM as in my opinion there is a good chance this is the kind of deal they are going to get. |
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Post by jckrdu on May 13, 2015 13:45:39 GMT
I've been following the technicals on STEM for the past week... If you look at the 5 day chart you'll see the consolidation pattern and the narrowing trading range around .60 which was pointing to a little break-out to a higher trading range. We got that little break-out today. It's now been flagging at .64 on very good volume. The longer it consolidates in the flag at .64, the greater the chances it breaks out to the .68 to .70 range. Good call on this one so far Jckrdu. It makes sense that it will at least get back to the price of the raise ($.70) in the near term. Going off-topic a bit, I think OCAT investors should be paying attention to this raise by STEM as in my opinion there is a good chance this is the kind of deal they are going to get. STEM continues to consolidate... now in the upper range of the .64 flag. Chart is pointing to a breakout soon. We'll see. |
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