Gold Meritorious Patron
This article made me change my mind about buying Pulse Bioscience stock and I reminded myself that Duggan is a fool (a very lucky fool financially) who supports Trump and Scientology:Hmm, in reading the Forbes article and digging a little deeper, Duggan has gott'in involved with the little known company Pulse Bioscience, stock symbol PLSE, and since the release of the news Duggan has invested in it, why the stock jumped in price, but also noteworthy is the volume of stock traded, it has jumped a lot from it's average prior of the news release by Forbes. I'm looking at this from a money angle and not a scientology angle. More investigation is required. Click on the link below to view the stock PLSE price and volume chart.
as a comparison, here is Apple, symbol AAPL when people found out Warren Buffet was buying Apple stock, note the hugh volume increase and jump in stock price:
[FONT=&]"Colberg highlighted the fact Pulse Biosciences' stock soared more than 80 percent since the beginning of February and the stock's RSI stands at an alarming 90.[/FONT]
Typically speaking an RSI of at least 70 implies a stock may be risky and poised to drop.[/FONT]
[FONT=&]When institutional investors buy shares of a company it typically bodes well for the company and gives investors an extra degree of reassurance.[/FONT]
In Pulse Biosciences' case, institutional investors are selling or reducing their stake in the company at almost twice the rate of those that are buying the stock.[/FONT]
[FONT=&]"This company is pulsing with issues including: Looming stock dilution. Underwriter's ominous track record. Risky RSI. Institutional disinterest.
Anticipated higher cash burn," the report concluded. "Until Pulse proves itself to any degree, in our view, it's not even worth half of today's price."[/FONT]
After falling more than $1 per share to $14.27 when StreetSweeper's report first came out, the stock traded recently at $15.53, up 7 percent."