I can't figure out who to believe...is this going up or down? I thought this was going to be some great company who will be pouring out the next "wonder" drug. I am beginning to wonder if I am not the one on drugs here staying with this???
I'd disagree with it being a guaranteed profit, no such thing or we'd all trade options and never work.
The point is even if it goes to 0, you're gain is limited. Surely you can come up with a better company to buy puts on that has further to drop. Seems to be a personal grudge against the company more than a wise investment call, did you lose a bunch going long on this in the past?
Thinking the same thing. Market's up, other stocks going up, this continues to go down. I know there's some manipulation going on with this but I really don't care since it can be manipulated up too. Just be nice to see it in the black...at least my other stocks are working!
The only reason CTIC is still above $1 a share is because of manipulation. The big boys are slowly dumping their shares on the market to back out of this mistake without losing their shirts.
It doesn't look like any of their drugs will get approval, and even if they do, they aren't revolutionary drugs. Other companies already have similar drugs on the market. I don't know why you thought that CTIC had the next blockbuster. They don't have the research budget for any great advances. They just make "me too" drugs, and can't even get those approved. I'd advise you to sell immediately.