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Curis, Inc. Message Board

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  • docihi docihi Mar 21, 2011 11:52 AM Flag

    Dont get greedy

    nicholas weren't you the guy who said not long ago that all of your stocks turn to "mush"? you are a true market guru.

    ace i see a lot more sellers than buyers. thoughts?

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    • I'll just repost what I noted earlier this morning shortly after the open ... this still captures my thoughts on today's actions, even though we've traded as low as $3.21 today:

      >>I'm not shocked to see CRIS trading between $3.34 and $3.60 this morning. There were a significant number of shares (over 30 million) traded in the $3.00 - $3.60 range if you look at the trading on each side of the "cup" on the chart going back to April 2010.

      What that equates to is that there are a set of CRIS holders who got in as short-termers and are taking profits after getting back to these levels. That is the basic reason the MMs have shares to buy right now. The positive side of this technically is that we've not created a gap that might need to get filled later on.

      I believe as more details emerge in the upcoming medical conferences we will see a steady price rise as awareness grows. Slow and steady is not as exciting as a 70% pop, but in the end all the dollars count the same.<<

      good luck -
      ace

 
CRIS
1.29-0.02(-1.50%)10:21 AMEDT

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