What Blissedj said was correct but one thing that needs to be pointed out is that company sold a lot of those shares on the open market during that decline! They openly admitted of dilution so they can raise $ for operations and their hard launch! Now Company filed an 8k last fri the 22nd of Aug stating they have raised enough $ they are done diluting and selling shares on the open market! They drove it so far down and now the only thing to do is go up for the PPS! Their Market Cap is valued a lot higher than what we are now and we have some really BIG CATALYST coming up very quickly, the Hard launch of their Dario product for one which should be the first week of Sept! This is a winner right now! Company way undervalued have an excellent product, dilution is done, Catalyst upon us, chart and RSI are the best on the OTC, volume is huge and only getting stronger and last but not least you have a strong group of traders on this board that is only getter stronger day by day who work as a team! WIN WIN!
There's also a sticky up top the message board that explains everything! I'll be adding to my position on tues as well it would be dumb not to at these levels
DRIO
Well, the stock dropped because instead of there being around 25M shares there are now 75M shares. The stock was oversold and now to get back where it was would need to rebound to around .25. The previous all time high was around $3, so now to reach the same market cap as then the stock would be around $1/share. Still good money to be made but don't necessarily expect it to rebound back to the same levels because of all the extra shares. Would take lots of good news and revenue to do so, and that is also possible but probably not in a matter of weeks.
DRIO Stock Message Board http://investorshangout.com/LabStyle-Innovati...RIO-87707/
I'm new to this company, but I just bought 100K shares @ .09 yesterday. I'm looking to liquidate a real loser first thing Tuesday, and recoup my losses with this baby. I hope it doesn't move too quickly to give me a chance to get in, and hopefully buy another 100K shares under .10? I've done some research myself, but it's still not clear to me what actually made this stock drop so much?? Thanks ahead of time for your answer!
Nice chart Ripdog if that doesn't get someone excited I don't know what would! DRIO about to keep off the fall in a big way! If there's Big News this week this will break all resistance levels easily and move above .20's IMO! Volume is only going to get better and people from these levels should be holding longer support and I don't see anyone shorting this for awhile, perfect storm
Gonna be a long weekend
DRIO
Great write up, additional to all that: NHS will start insurance coverage to U.K residence beginning next week... It's an open public health system so every single person with diabetes in the U.K qualifies, aaaanndd cash flow starts!
This news on top of last week's performance should keep trading on the right path
You can say that again Boiler........look how much room we have to run with a absurdly low RSI!
DRIO will run for weeks bro!
Lol I told you man
Still not too late to get in. This is still an easy double from these levels.
Sweet chart>>>$$$$$$$$$$$$$$$$$$$$$$$
20SMA @.38
LMAO !!
$DRIO$
DRIO going big folks!!!!
My sentiments exactly Penny Speculator! Soon as I read about DRIO on 8/21, I immediately bought with no hesitation. Even their patented technology of monitoring using the phone jack can be utilized on so many different levels. I can see the cell phone as a mini doctor for monitoring health in the future. This is just the beginning of possibilities.
* * $DRIO Video Chart 8-29-14 * *
Link to Video - click here to watch the technical chart video
Hey bud! Good to see you and so many other familiar ihubbers here. This summer sucked and I'm ready to make some money!
DRIO Going to rock next week...
Can the MOD with sticky 1978 switch it for 2755? Thank you, btw have a great weekend guys get ready for next week!
Major News DD: The quoted news is from DRIO's press release on Fri, Aug 15, 2014, the latest news PR.
Titled:
LabStyle Innovations Corp (DRIO) Reports 2014 Second Quarter Results and Anticipated Milestones for the Remainder of the Year
And under section:
"During the first half and the early third quarter of 2014, LabStyle believes that its roll out execution is on target as the following milestones were achieved:"
For PENDING smartphone app release NEWS:
"* Released the Dario™ Diabetes Management App for Android smartphone users. The mobile application has the same user interface and features as the iOS Dario™ Application and is currently available for download in select soft launch markets. The Android supported Dario smart meter will be released in early September."
Guess what, this upcoming Tuesday September 2 is EARLY September WHOO HOO LOL!
For PENDING patent approval NEWS:
"* Received a Notice of Allowance from the U.S. Patent and Trademark Office for core patent claims covering the Dario™ personalized smart meter, which works in tandem with the novel and powerful Dario™ software application to form the overall Dario™ Diabetes Management Solution."
What is Notice of Allowance?
"A Notice of Allowance is when the Patent Office has agreed to grant you a patent. If the amendments are sufficient, the Patent Office is convinced and now they are okay with letting you have this patent. Issue fees are drew generally within three months of the Notice of Allowance. The Notice of Allowability is sometimes mailed as well which says that this is why your patent is now ready to be issued. The issued fee must be paid after you get that Notice of Allowance and the patent will be published and issued several months later when it is printed with a patent number in the official gazette and published in the USPTO website."
This news was published on Aug 15 so several months from now would be Jan to Feb next year in 2015. This is NOT just a short term gainer, this is an APPROVED long term SUPERVOLCANO for anyone buying CENTS and HOLDING to an OFFICIAL set date (when the fees are paid) of a freaking PATENT play BEFORE it goes SKY HIGH! H-E-L-L-O!?
ALWAYS and EVERY time PATENT news comes out on THAT day the stock becomes THE biggest BUZZ on social media and goes SUPER freaking NOVA! And THEN you have at least THREE big DAY green candlesticks after all the stock articles get written to MILLIONS of potential buyers who are JUST now finding out about a REAL company that JUST got an OFFICIAL patent!
I think AMAZING things CAN happen HERE! Freaking PATENT news! Just ALONE on the trading of the PR itself, I think $1.00 could possibly be hit OR just be the STARTING point!
For PENDING FDA clearance NEWS:
"* Working with FDA towards potential clearance of the Dario™ smart meter in the U.S. following a 510K filing made in late December 2013."
"* Obtain 510K FDA clearance for the Dario™ personalized smart meter by early 2015."
So we have likely clearance news coming around Jan to Feb of 2015 just LIKE the pending PATENT news! And same with FDA news, ALWAYS and EVERY time FDA news comes out on THAT day the stock becomes THE biggest BUZZ on social media and goes SUPER freaking NOVA! And THEN you have at least THREE big DAY green candlesticks after all the stock articles get written to MILLIONS of potential buyers who are JUST now finding out about a REAL company that JUST got clearance from the official FDA!
Again, same here, freaking FDA news! Just ALONE on the trading of the PR itself, I think $1.00 could possibly be hit OR just be the STARTING point!
Either in early 2015 or hopefully expedited sooner, we have TWO of the BIGGEST news catalysts EVER coming into ONE single play! Holly mother of Jesus, Amen! LOL!
+>>>DRIO: Heikin-Ashi Chart<<<+
I like a long-term investment. DRIO$$$$$