The IBB has made a strong recovery over 240. The sector has improved since selloff a few months ago. With suppressed prices now in biotech sector, the big investors know there's value putting money into these companies that got a haircut 2 months ago. Few fell as hard as CNAT and few stand as much ground to gain from here as CNAT. I doubled down (again) this morning and am happy to let it sit, perhaps for a long while. Expect pretty nice medium-term (1-2 month) pop above $12 range. That's why a few short-positions unraveled Friday last week. Will likely have a few more days like that on its way up. It will likely spike, come down, yet hold a good portion of the gain each time. This has happened 3X now in the last 3 weeks. This week will likely be no different. If you could time it all right, you stand to gain a bunch. If you time it wrong -- well, you stand to lose a bunch. My style is to buy at a reasonable/good PPS and hold through the higher ups and higher lows as it keeps climbing. Whatever your style, this is a good entry point price! GLTA.
Did you call the CEO? The last conference call on June 2nd was really bad. You can hear it on the Conatus Pharmaceutical website. He was talking in monotone and sounded boring and NOT enthusiastic about prospects. So, the stock fell after his presentation.
Call the CEO at Phone: 858-558-8130 and ask him to do a better job.
MP Securities Healthcare Conference 2014 on Wednesday, June 25, 2014, at 12:00 p.m. ET, in New York.
sorry principal. I have you blocked b/c you type too much and there's little content to your posts. I unblocked you only to see what you responded to my post, but I don't care what you have to say. No, I didn't call the CEO and ask him to give a more animated presentation. I'm not into theatrics and salesman maneuvers. I'm not here for a quick gain. I'm not a day trader and I don't care about the small daily action. I believe CNAT is a good long-term investment. I've had it on my watch list for a few months and just bought first shares a few weeks ago. I've added twice since then.