My comment would be the classic "sell on the news" as an explanation. The stock did blow through the 5's fairly fast so this clearly is profit taking.
Ping - are you not forgeting the line of credit established? Why a need for a cash raise when that's in place. I am confused as to why you would make an error to this extent?
Told three friends pre-split... none of them sold when it spiked. History has a way of repeating itself and this stock will be no different than any other. Yes tell them to back up the truck and load em up. You will be a rock star afterwards!!!
Sentiment: Strong Buy
I put in an order for 1k at 4.08 and took it immediatly then put another order in at 4.05 for 1k and took that immediatly also. It's almost as if someone is accumulating for a big pop and they don't care what they pay for it. Must be nice to have biiiig money!
Rocko - I have to admit you might be right because this stock is being manipulated right now. In 8 years in CTSO I have never been able to buy at the bid and the two buy orders I placed went through immediately today. I definitely don't get whats going on so I guess I'll just have to be patient for a few more years!
Zack - If you are in the position to double down that would be my recommendation. That way you would cut your sell point about 50%. That is if you are going to stay in the stock for the period you mention.
It reminds me of an accumulation of someone buying a large position without moving the price. We saw it last year when the price spiked really high. My guess is that there is going to be a pop in price shortly.
Dude you say you have been here for four years? Then you have had plenty of opportunities to make real money but obviously didn’t so you shouldn’t blame anyone but yourself for not pulling the trigger. Real investors buy and hold and have a trading stash that they turn to make a little cash. Last year was really good if you pulled the trigger. Read the manipulation in the trading. Buy in the high 3’s and sell in the mid 4’s right now. That’s the pattern.
Most of the medical / bio stocks that I possess have been hammered with CTSO no exception. Take a look at EXAS or DVAX. Both have been crushed and one has FDA approval to boot.
My opinion is to look within yourself versus externally spewing that everyone else (CEO) is the problem.
Remember the sell button has always been in your control so you don't have to go much further to point any fingers...