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Curis, Inc. Message Board

  • jawz_2020 jawz_2020 Feb 4, 2004 9:46 PM Flag

    Is the Elan DUMP Over yet? huh?

    lots sell pressure on this POS Thursday, what with the entire biotec index selling off!

    SS Good Ole Reliable Faithful POS CRIS
    QUICK! WHILE ITS STILL ABOVE $5 !!

    Re: Biotecs may get hit Thursday

    Daily Opinion: HOLD
    Wednesday's very Bearish (down) bar with below average volume (90% of average) has no significant technical importance.

    Short-Term Opinion: HOLD
    On a short-term technical basis, the trend is Neutral (sideways) and the stock is above its 50-day moving average at 5.26 which also confirms its Neutral (sideways) trend. The stock is extremely oversold according to the Stochastic indicator (21.16).

    Long Term Opinion: HOLD
    On a long-term technical basis, the stock (CRIS) is trading above its 200-day moving average which implies it is in a positive trend.

    The stock has support at 5.26 and 4.99. If the stock breaks down through support at 5.26 then it will probably continue lower to 4.99. The stock will meet resistance at 5.65 and 6.59. If the stock breaks up through resistance at 5.65 then it will probably continue higher to 6.59. The 200-day moving average is at 4.15. This will also act as support. The stock is neutral according to the Stochastic Indicator (48.58).

    http://thewallstreetanalyst.buysellorhold.com/isapi/delstockgif.dll?CType=1&EDat
    e=02/04/2004&sym=cris&tempnum=1


    http://stockcharts.com/def/servlet/SC.web?c=cris,uu[h,a]daclyyay[db][pd10,2!g10!
    f][vc60][iut!Ub14!Ul14]&pref=G


    CRIS IS UNDER A LOT OF SELL SIDE PRESSURE FOR OVER A WEEK AND A HALF NOW, AS YOU CAN SEE FROM THE ABOVE CHART. HERE'S WHY:

    Elan Intends To Sell Up To 2.2 Million Curis Common Shares

    Thursday January 29, 5:43 pm ET

    WASHINGTON -(Dow Jones)- Elan Corp. intends to sell up to 2.2
    million shares of Curis Inc. (NasdaqNM:CRIS - News) common stock,
    according to a Schedule 13D filed Thursday with the Securities and
    Exchange Commission (News - Websites) .

    Elan holds a 6.3% stake in Curis, with beneficial ownership
    of 2.6 million common shares.

    According to the filing, Elan may elect a director to Curis'
    board as long as it holds at least a 5% stake.

    Curis, based in Cambridge, Ma., develops products based on
    technologies in regenerative medicine.

    -By Ben Siegel; Dow Jones Newswires; 202-862-3544

    http://stockcharts.com/def/servlet/SC.web?c=CRIS,uu[h,a]daclyyay[da][pd10,2!g10!
    f][vc60][iut!Ub14!Ul14]&pref=G


    THE PARTNERSHIP WITH WYTHE EXCITEMENT IS OVER, ALMOST 3 MILLION SHARES HAVE BEEN DUMPED, AND - IN THE GRIP OF DOWN MO - ITS ABOUT TO GO SUB $5 - ...AGAIN!

    http://finance.yahoo.com/q/h?s=CRIS

    COMBINED WITH THE GENERAL BIOTEC SELL-OFF THURSDAY, THE POS CRIS SHOULD BE A GOOD SHORT CANDIDATE, IMHO, EVEN THOUGH IT IS ON ITS LOWER BOLINGER BAND.

    CRIS HAS BEEN A 6-BAGGER SO FAR THIS YEAR, SMART MONEY WILL TAKE THE PROFIT BEFORE IT EVAPORATES IN THE BIOTEC SELL-OFF. THUS, EVEN MORE SELL-SIDE PRESSURE.

    WARNING: THE POS CRIS RARELY TRADES BASED ON REASON. CRIS LONGS ARE TRUE FANATICS WHO HAVE BEEN HYPNOTIZED BY PROMISES ABOUT THE FUTRE OF THE SCIENCE. REVENUES ARE FROM ONE-TIME SALES OF PATENT ROYALTIES. THERE IS NO INCOME STREAM. NONE. ITS A "R & D" SHOP WITHOUT THE "D" - JUST THE PROFITLESS "R"

    > maybe time to short the POS CRIS again?
    >
    > biotec index tanked BIG today after news about FDA-company interactions

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CRIS
1.88+0.08(+4.44%)4:00 PMEDT

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