PirateLeviathan8
2 months ago
At the moment, the trend is more towards $4 than $2
And such orders can be found Level 2 almost everywhere, but mostly these are so-called iceberg orders, where you only see a few thousand but there are hundreds of thousands behind them.
But in this day and age of electronic algorithms, this type of trading is relatively pointless and is no longer done.
Today's trading systems replenish certain positions again and again, buy and sell according to corresponding specifications and forward these promptly to the stock exchanges. This is why you can hardly find any relevant orders in the order books these days.
NickDanger
2 months ago
On a more general low float runner note; people always complain about "dilution" in penny stocks. But the reality is, if it's not a complete scam company who are just selling their shares into the pump, they have to issue more shares for there to be an increase in share price with the increase in attention and volume. These things don't really move up much or best case run way up with only a 1.5 million float. If I had got in and was down 30-50% I would just hang around and wait. I'm going to keep an eye on it anyway. An analyst, H.C. Wainright, whoever the hell that is, has put a price target of $25 per share on this thing. So, who knows. cheers!
NickDanger
2 months ago
The total shares outstanding are 1.58 million, the float is 1.5 million. https://finviz.com/quote.ashx?t=BCDA&p=d Those issued shares and 2 types of warrants effectively triple the float. The shares can be bought at $2.47, the pre-funded warrants can be exercised immediately at .001. They can issue them at any time and in any amounts they want; so maybe parcel them out over the coming days, but I don't see how it cannot effect the share price in the near term. Just my non-professional, non-expert opinion. If their suite of catheter tools is something really new and different this will probably make everyone money. It's just going to be a buy and hold instead of a flip. I was going to get in this but saw that S-1 and changed my mind. I don't like to buy and hold. But, no one can predict the future. We'll see in the next couple of days. glta