docihi, sorry to hear you sold. I know you have said that my posts, over time, saying that over the long term, cris is low risk under $5 after approval is wrong, the thing you failed to point out was that I said was over the long term. I still stand by my thesis and belief that over the long term, which I measure in years, not months, that this is at least a $5 stock if there are no other approvals.
At this point, I think with that belief, hope/blind faith, whatever it is, makes the current price a screaming buy. I am not in it for a $5 target but I think over the long term any investor today will have an opportunity to get out at that price or higher within the next couple of years at the latest. I could be wrong but with cash on hand, the pipeline and increasing royalties as time goes on, this will easily hit at least $5 at a minimum in the next couple years if someone has that time horizon. I really think it will be much higher but from a risk/reward standpoint this will be much higher than it was today in the next couple of years.
Like I said, I am sorry to hear you sold out with how long you have followed the stock and hopefully you are able to get back in before it recovers, at least I hope it recovers :^) Good luck with your new position.
Why did you sell.... ? CRIS has a pipeline milestone payments and it's first recent drug on the market. CRIS should be trading at at least $6 - $8 now and it's not so it's a buying opportunity. See if you can get back in today IMO. Investment quality for large returns.