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Celsion Corp. Message Board

  • aruba192 aruba192 Feb 19, 2004 10:43 PM Flag

    I think what happened

    is that there was a mass sell off in the market period today. Had we gotten FDA Approval 2 weeks ago or in January, it would have been a different story. We would have seen a big pop and uptrend for a few days before people started to sell.

    Hopefully, after the sell off, institutions and day traders will come back in to buy back at lower price and drive this stock to a new high.

    That's what I'm hoping for!

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    • Aruba, I hope you're right...I bought in today @1.92, thinking the news would move it well above 2....Man, was I wrong.

      Maybe tomorrow?

      • 1 Reply to membertee
      • ok- so we have some 27 million options/warrants etc, that are fairly deep in the money today.
        say 50% chose to exercise today- right when they saw the pop/top... it does give an explanation for the volume- and the flood could have been as much as 13.5 million shares at my 50% estimate.

        It sure would be nice to see CLN soak it up and give us that HUGE FDA pop, certainly what I'm hoping for... time will tell. More price hesitation, or delay in the rise will not do anything beneficial. I intend to stay long, but I would have preferred to be deeper into the gains on this historic news day.

        got cash?


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