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Coronado Biosciences, Inc. Message Board

  • conoscienti conoscienti Nov 14, 2013 10:02 PM Flag

    It's a 1-2 year wait on CNDO

    If CNDO can't get any traction with the stock market at historic highs and making new highs every day, It's a sure bet that it will take a year or two for this baby to heal. Put it away and forget about it until 2015. You win some and you lose some, this baby has gone into a deep sleep for the next 1 or 2 years.

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    • now trading at 44 million market cap that's a discount of 60 million and 0 for technology they should liquidate this and sell off assets, even fidelity sold off there 5 million shares at a huge loss to the tune of around 35 million

      Sentiment: Strong Buy

      • 3 Replies to thestockman7
      • Not sure how you found out about Fidelity selling out of their position, but clearly someone big was liquidating the past 2 days. Volume for Thursday and Friday was over 4 million shares, which was more than traded on Nov 7th when they discontinued the TRUST trials. Hopefully they are about finished unloading so the selling pressure will stop. I still think what is happening now is many of the buyers in at $8-12 are taking their tax writeoffs, and the shares are being absorbed by value stock buyers since the stock is at half of cash. The tax dumpers may be overwhelmed by the value buyers soon, since the entire share base has already turned over more than once since Oct 14 when the stock got killed. Around 61 million shares have traded since then, with about 36 million shares outstanding, Some of the tax dumpers may also be planning to buy back in after 30 days if they can still get in this cheap. That 30 day window opens up NOW for anyone who got out on Oct 14-17. Just my opinion.

      • There are no assets to sell, absent money to work the clinical trials. CNDO has the money. Anybody buying the "assets" (patents, licensing deals, ongoing clinical trials, almost all relating to TSO) would need to raise the same money to nurture the so called assets, otherwise the "assets" are worthless. I don't see CNDO throwing in the towel, unless they themselves do not believe in the possibility/probability of their own success. There is no evidence of that. Quite the opposite.
        stockman can you please provide reference for Fidelity's sell off? I do find that disappointing.

      • How would that affect the shareholders? (in newby terms) thanks

        Sentiment: Hold

    • It's never moved with the market and probably never will.. It has catalysts within 6-8 months. Your right it's a slow hold especially in the bio-tech arena where there is no patience. But this company could be dead or thriving in 8 months.

    • THX CONO !!!

    • cono, the markets hitting new highs is exactly the point. People have tons of gains on their winners. So anything that is way down for the year is being hit very hard by tax loss selling. That is the only possible reason I can see for a stock selling for HALF of cash value. This dichotomy of markets at new highs causing tax dumping in the losing stocks is what creates OPPORTUNITY for smart investors. The tax loss selling will run its course, and then I think its bounce time. Maybe today. Maybe Jan 1st. Probably somewhere in between.

      So..if you're looking for a bounce into the 2's, which would be an amazing return from today's price, I think it could happen within the next 2 months. If you want the old glory days of 10-12, then yes, you may have to put it away for a while, and the old glory days may never come.

      • 1 Reply to stvwingert
      • thx STVWINGERT
        AGREED..... Makes total sense.... Just a waiting game now for us OLD LONGS and also a good time to get in for NEW LONGS, I believe this stock will come around in time. Not sure how high it will go, but we shall see :)....The FUNDAMENTALS are strong for this company, just need some good positive results from some trials to get a lil more confidence and interest in this stock. GOOD LUCK TO ALL !!!

        Sentiment: Hold

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