Recent

% | $
Quotes you view appear here for quick access.

Neuralstem, Inc. Message Board

  • hundoghouse hundoghouse May 1, 2014 11:58 AM Flag

    Looks like bottom may be in

    Looks like a head and shoulders bottom along with additional support at 3.50
    dog

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I added 1,000 shares today at 3.61 a few minutes ago, now holding 4,000. The chart shows good support at 3.60. My last buy was at 2.55 on December 23rd. May is going to be a good month for this stock IMHO. Technical support adds to that thesis.

      Sentiment: Buy

    • I sure hope so, dog, but the fact that CUR is not bouncing back with the IBB or the smaller bios today certainly has me concerned that we're about to get a dose of bad news from somewhere. I'm kicking myself for not paying attention to the recent chart action on ATHX and paid the price with the 50% drop on Monday. That event was certainly seen in the sagging chart for the two months prior.

      Make no mistake, I love the long-term story here but there are a number of possible gotchas that could hit CUR over the short-medium term:
      -- Less than stellar 189 results
      -- Possible dilution event after 150M share increase approval at meeting
      -- Required P3 for ALS
      -- Competition in the StemCell / ALS / Stroke space
      -- Rejection/Delay of Breakthrough Therapy Designation by FDA for ALS
      -- An adverse result in one of the trial participants

      I am hoping that the recent lack of bounce and slow deterioration in stock price is the market perception of reasons 2,3,4 above. I can live with that. My larger fear is that one of the other reasons is causing this.

      good luck -
      ace

      Sentiment: Strong Buy

      • 3 Replies to market_ace
      • Since 13% of the stock is owned by insiders and the company has a fair amount of capital still, remember the 20 million recently received but not shown, I doubt if they would want to dilute their position. Also, it seems they are already authorized for 70 million shares. Their request for 150 million share increase is likely to fight any hostile takeover attempt if there is one and if this stock skyrockets, tap it down with a 2 for 1 or more stock split. Both good actions for share owners.

        Sentiment: Buy

      • One good thing we have going that is not indicative of bad news Ace is that this latest downtrend has been on very weak volume. That signals to me that most of this is A. Retail selling, B. Shorts hammering the price down and most likely new shorts with a possible hedge on warrants.

      • One good thing we have going that is not indicative of bad news Ace is that this latest downtrend has been on very weak volume. That signals to me that most of this is A. Retail selling, B. Shorts hammering the price down and most likely new shorts with a possible hedge on warrants.

 
CUR
1.57+0.09(+6.08%)3:25 PMEDT