I believe CLDX is fairly valued right now... it will increase more this year, though
Many of you know I've called for CLDX to hit $30 by the end of this year. I do believe that will happen.
However, I must say that I believe the company is fairly valued right now. As such, I don't expect much more significant or swift price appreciation for the rest of the month unless announcements that increase the valuation of the company occur, including breakthrough status, phase-3 trial initiation for 011, data on 110, or any of the other catalysts that AM has mentioned will occur in the second half of this year.
Those catalysts will drive the share price higher, but right now I believe we have reached fair valuation after having been at an absurdly depressed valuation for at least eighteen months.
Whipp, I've not believed that we'll get that high that fast, but I also think that current valuation slightly ahead of what is supported by fundamentals...However, momentum on our side and it might carry us higher...Still, consolidation is in order!
We could go higher, if the bids for ONXX start increasing. Also, shorts have to cover now. They might have had a few days to wait on their calls for this to come down, but it hasn't happened. They're starting to feel some real pain, and CLDX has some real momentum. Cramer can probably halt the momentum, if he tells viewers to take their profits now, but I don't think he will do that. Even if he did, the volume suggests that this is more than retail investors driving the share price.