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Zalicus Inc. Message Board

  • lawandfinance lawandfinance Oct 2, 2013 8:21 PM Flag

    Most Recent Example is CYTK

    CYTK did a 1 for 6 reverse split which took effect on June 25. This stock is very similar to ZLCS in market cap and set up. Phase II results for CYTK were released a couple months after the reverse split and caused the stock to crater. The stock dropped about 20% from the reverse split open price and ran up about 6% from the reverse split price. I don't expect ZLCS to run up very much from the reverse split price based on this. The only thing that will move the stock above $10 is positive results from phase II. One of the positives I see out of this is the possibility of more institutional buying. I doubt this will happen before the results though. Second positive is margin. The short interest will most likely increase due to the price being above $5. This could lead to a historic short squeeze if phase II results are a homerun. If not, this stock will be a great short for the rest of the year as it drops back to sub $1. GLTA.

    Sentiment: Hold

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