StockFetcher Forums · Stock Picks and Trading · Please comment on RMTI<< 1 2 >>Post Follow-up
novacane32000
273 posts
msg #124104
Ignore novacane32000
6/21/2015 10:41:04 AM

Can someone please comment on the RMTI chart,

I currently am and have been an investor in RMTI for several years. I plan on holding my core position long term but do have a small position I trade and so am interested in how you would trade it.

Quick notes on my long term stance in case others are interested:
I work in healthcare (dialysis) and have dealt with RMTI for the last 10 years. They have a recently approved FDA drug (Triferic) that has been in the works for 10 years which has the potential to be the most significant advancement in dialysis in the past 25 years. Launch is expected in July/August. I have spoken to several facility directors which were involved in the FDA trials and they along with the Dr's all love it and cant wait for the release.

I know this sounds like I'm pushing RMTI but I know you guys are traders and not investors and so I am interested more in how you would trade this stock.

Thanks

johnpaulca
11,285 posts
msg #124106
Ignore johnpaulca
6/21/2015 4:23:53 PM

breakout is measuring roughly $16. Traders would normally wait for a test at the breakout point $$12.39 to get in or you can be aggressive and get on board now Personally I would wait for a pullback using a 1-hr timeframe (Monday's open) looks good.

novacane32000
273 posts
msg #124108
Ignore novacane32000
6/21/2015 7:47:03 PM

I see the $16 breakout but not the $12.39? Why 12.39?

klynn55
425 posts
msg #124109
Ignore klynn55
6/21/2015 10:30:49 PM

nova: put up a weekly chart of RMTI, do you see those huge peaks, is there a valid reason for those, other drugs approved maybe?,
pull up a weekly chart of say MYL, do you see those huge peaks, i hope you did your work cause RMTI has a chart like a pump and dump.

johnpaulca
11,285 posts
msg #124111
Ignore johnpaulca
6/21/2015 11:28:40 PM

novacane32000
233 posts
msg #124108
- Ignore novacane32000 6/21/2015 7:47:03 PM

I see the $16 breakout but not the $12.39? Why 12.39?
********************************************************************

8.10-12.39 = 4.29
4.29 + 12.39 = 16.68 (rough estimate)

Mactheriverrat
1,328 posts
msg #124112
Ignore Mactheriverrat
modified
6/21/2015 11:42:31 PM

Looks like is has had a good run the last 16 days. Price still holding above 13EMA and the 50EMA is trending up also. IMHO the 13EMA is good to key off of. Breaks below then all bets are off. RMTI is heading towards 2 year high of $15.67 on 11/21/13 which is a key resistance point to break through if it can.

Look at these that have made good runs using the 13EMA and 50EMA,
CTXI
DSKX

Just my 2 cents.


novacane32000
273 posts
msg #124114
Ignore novacane32000
6/22/2015 7:52:05 AM


klynn55
409 posts
msg #124109
- Ignore klynn55 6/21/2015 10:30:49 PM

nova: put up a weekly chart of RMTI, do you see those huge peaks, is there a valid reason for those, other drugs approved maybe?,
pull up a weekly chart of say MYL, do you see those huge peaks, i hope you did your work cause RMTI has a chart like a pump and dump.

---------------------------------------------------------------------------------------------------------------------------------------------------

klynn- The peaks and valleys on the chart are due to the stages that Triferic went through to get FDA approval.
They would pass phase 1 , get a spike and then sell off.
Pass phase 2 ,get a spike and then sell off and so on.

The last spike on the chart was 1/26/15. Triferic received FDA approval and sold off after a pretty decent gap up. it was the last gasp of Breen capital who was already short and then shorted some more on approval day. Very common practice with pharmaceuticals. Breen Capital claims the drug is no better than a placebo but the trials say otherwise and so does the FDA and so do the patients and the people I know in the business.

This last rally, I believe, is the result of Breen trying to cover their massive short position (25% of the float was short last month)-This is a small company that Breen thought they could bully around and it looks like they have now finally given up.

So no ,this is not a pump and dump. Real company, real drugs with virtually no side effects, established relationships in the dialysis industry and the potential to soon be in every dialysis clinic in the world-which would make this a 5 bagger.
---------------------------------------------------------------------------------------

Okay, now I'm guilty of pushing this stock :) but your trading ideas are still welcomed as I know no stock goes straight up.



klynn55
425 posts
msg #124133
Ignore klynn55
6/22/2015 4:14:45 PM

"On Nov. 6, the Oncologic Drugs Advisory Committee voted 8-3 in favor of the iron-replacement drug. This decision no doubt surprised many of the short-sellers banking on a negative recommendation by the committee.

While Rockwell's shares soared after the committee's announcement, we haven't yet seen a full-blown short-squeeze scenario. Perhaps many skeptics of Triferic expect the FDA to ignore the advisory panel's recommendation and reject the drug. That could happen but keep in mind that a McKinsey study of FDA decisions from 2001 through 2010 found that the FDA went along with advisory committee's positive recommendations 88% of the time.

If Triferic gains approval, the drug stands to be a big winner for Rockwell Medical. And it could cause some short-sellers to be big losers."

from the motley fool

Mactheriverrat
1,328 posts
msg #124153
Ignore Mactheriverrat
6/23/2015 2:35:50 PM

Strength! Not sure how much you have made but its in strength mode. Sometime its best to sell some into strength ( take some profits off the table) From FOUS4 video's on using the 13 day exponential moving average

RMTI!


IMHO!

novacane32000
273 posts
msg #124154
Ignore novacane32000
6/23/2015 8:09:27 PM

Mactheriverrat
427 posts
msg #124153
- Ignore Mactheriverrat 6/23/2015 2:35:50 PM

Strength! Not sure how much you have made but its in strength mode. Sometime its best to sell some into strength ( take some profits off the table) From FOUS4 video's on using the 13 day exponential moving average

RMTI!


IMHO!
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I sold some today near the close at 14.97 but still hold a very large position. I figure it will stall near the all-time high around 15.50.
Curious to see what the short float is at 4pm tomorrow. That will give me a better idea as to whether this has been an institutional rally or short covering.

StockFetcher Forums · Stock Picks and Trading · Please comment on RMTI<< 1 2 >>Post Follow-up

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