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Curis, Inc. Message Board

  • market_ace market_ace Jan 30, 2012 1:57 PM Flag

    Congrats, Longs! (Missed it all....)

    Congratulations to all CRIS longs -- this is a transformational day in the life of this company, and we now collectively have a solid floor from which to continue to run higher!

    One of the ironies is that I posted just before 11AM EST as CRIS was just starting to turn green and was occupied in a 2+ hour meeting, missing all of the ups and downs!

    I'd like to make one more comment on today's price action. I made this statement about a week ago "From the last two ABC patterns, in which the trough to peak rise was $3+, I get a near-term price target of $5.72-$5.91 for a thrust which replicates the prior ones." We reached $5.65 (7 cents short) of this range to complete the ABC formation, and today we have already done a 35% retracement of this level as we dipped to $4.62 at one point. Almost perfect Fib!

    Relax, longs, enjoy the news -- and celebrate! This is just the start ...

    good luck -

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    • derekrepath Jan 30, 2012 3:39 PM Flag

      ACE - I always read your comments and Desert D. and totally buy in to your views - My ??? is what happens next - if it got to $7 would it continue to gradually go up based on sales OR does it float along until the next drug goes on line OR would Roche try and buy Curis at a relative low price based on the pipeline at say $25!

    • "transformational" is the right word. company has never been in such a good position, truly making the move to commercialization after well more than a decade of ups and downs. anyone know what the market cap was when the share price was in the high 20's in 2000?

    • Congrats Ace, I know you believe as I do that today is the start of a long term uptrend and the forming of a very solid base. To me, it takes away all of the downside risk.

      The funny thing is this weekend I was thinking about what I needed to do to protect my downside in case of a bad FDA decision and I came up with the idea of buying some March puts which I did this morning for a portion of my holdings at $.60. I planned on buying more in the coming days and weeks. I held those puts for about an hour because right after I bought them I noticed the spike up and then it took that round trip back down so I sold them at $.60 only losing my commission. I guess I should have held a little longer as I could have actually made a small profit on them but I really think there is no way we are close to $5 come mid March. I can't believe we are under $5 right now but with so many shares acquired in the $1 and $2 range there are probably many who are taking profits now. In the coming days and weeks I fully expect new highs and for us to finally exceed my first purchase price of $6.27 back in 2004. GLTA and today was great news!!

    • Bottom line with my prior post: I feel that $4.62 will be a short-term bottom. If the $4.70 level holds today, we are still holding the 20D EMA bullish uptrend.

      IMO, technically I think this is a safe buy point if you're looking to add more long-term shares.

      Think we'll see quite a bit of "short on the news" covering by EOD here.

      good luck-

1.299+0.009(+0.70%)12:17 PMEST