What a LIAR. Medtrust2 has been saying he wouldn't buy CUR until it was $1.80, then he claims the he made a brilliant daytrade today AFTER THE FACT. If you want credibility, you'll have to report your trades in real time. All Medtrust2 is doing is bashing CUR, and acting as if he's got a clue about the price movement. Thanks Medtrust2 for highlighting once again that you are a no-character slimeball.
Here's what happened, shorts began piling in at the top, driving the share price down. Then we had the government shutdown, and more shorts piled on, driving us down towards the 50DMA. Today we came close to touching it, combined with some chatter of a deal in Washington. So shorts rightly began closing positions. Go look at the accum/dist chart for today, barely an uptick. Plus volume was below average. It wasn't new investors of CUR that moved the price up, it was simply traders covering their short position. Real buyers won't touch this above the $2 where there are 1.4 million outstanding warrants set to vest 5 months from now. Do your Due Diligence.
Good luck, I expect us to be below $2 by early next week, perhaps sooner.
Really? Purely short covering? Technically speaking, I I think many others added a lot to position at 2.08 to 2.10, which happened to be the 50 DMA. There was no disagreement between shorts, swing traders and longs at that point.