MCHM

[Ramsburg]

Hi,

MCHM it's a pharmaceutical company, it's a penny but traded on the Nasdaq, they just had a shareholders meeting last tuesday... and now all this HUGE relative volume with this price action (the volume yesterday, was the all time high since their IPO)... Some insiders buying in April....
They may be up to something... But I don't know...

BOSTON, June 14, 2005 /PRNewswire-FirstCall via COMTEX/ -- MacroChem Corp. (Nasdaq: MCHM) President and CEO Robert J. DeLuccia told shareholders here today that, armed with the strongest clinical data in the company's history, its executive team is now focused on partnering discussions and securing the financial resources necessary to fully exploit its opportunities and create additional shareholder value

I believe that they may start giving some good news soon ... Just a feeling...

But with a chart like this I have to buy first and ask questions later... 

Any comments ?

best regards,

[AussieTrader]

The chart is talking Ramsburg, pretty clear message, great trend break.
Mike

[The_Smaker]

I'm buying and I want 3 bags ! 

[Ramsburg]

I'm buying and I want 3 bags ! 

3 bags ? I want 10 

No.. just kidding .... All I want, is what the market is willing to give me... nothing more then that

I like the price action today, it proves that something its really going on... I don't know what, but I don't think thats important... right now, the price is moving, and thats all I care about

[TRUNK]

Looks good to me.. I'm in

[stocky]

I am in too.

[Pete]

Chart sure looks good, indicating a trend reversal. I am in at .32
Thanks Ramsburg

[Ramsburg]

2 more charts to update this call.

The first upside resistance is $0.52, which is the long term descending resistance (using a linear chart).

The potencial is really HUGE for the long term... but I'll I want to see, is how it will react at the first barrier... because after that, the sky is the limit...

Any way... those news must come out to give us some hints about whats really going on...

best regards and happy trading

[stocky]

Good call [applaud]

[anthony420]

Bought today the second I read Ramsburg's post, in at .31. Ready to make my first contribution in a few days. You guys are UNBELIEVABLE. Thanks

[Ramsburg]

Bought today the second I read Ramsburg's post, in at .31. Ready to make my first contribution in a few days. You guys are UNBELIEVABLE. Thanks

Thanks anthony

Those donations are really helping us a lot

About MCHM, it's kind of a lucky play... I confess that I was not expecting such a price action today... I mean, I was expecting a big move, but not so big...

I believe we can watch here a comon pattern that is «3 big white candles»... and this is just the second one

But caution !!! this is the stock market, and I'm just a player like everybody else here...

best regards,

[setravis]

I'm in with you on this one  Ramsburgh.
Let's Rock.................

[Ramsburg]

Looks like the upside resistance is being tested today (well, $.50 or $.52 is the same thing)...

Thinking a bit more... if this looks like a 3 big white candles move, and if this is just the second candle... looks like tomorrow we'll have to watch a major breakout... All this not just with a big volume, but witth all time record high volume (!!!)...

I don't know... but I'm just starting to enjoy this trade...

[TRUNK]

Saw your post on here this morning and the stock was at .32 when I first checked it out, but I dilly dallied around and got in at .36.. Guess it didn't matter much either way since I was only willing to wager $1,000 on it..

Has turned into a little juggernaut though... Thanks Ramsburg!

[Ramsburg]

Thanks Trunk

Theres some big buyers on Level II: