There is no any guarantee it will break to upside. To me , it is wise to play safe than be sorry later. And if anything would start to move the stock for real, there would be a plenty of time to get in with larger size and feel much safer.
Plus, stock is still under distribution, so any tinny spike would still be considered fake and opportunity to short for some out there. Buyers would step in if 1.92 would be successfully attacked. I'm no buyer here at 1.79 as per now.
I am laughing now at your naivity about this Junk company . You morons saw all those so called contracts? I didn't , but you did see them? LOLOLOL
It has very old and not efficient technology and nobody wants it...period! US navy made huge mistake to get one ,but learned fast and it was done with junk this company makes.
In less than 2 years ,this company will not exist anymore!!!
There is new SELL signal for 92% with first weak support at 1.59 .
It is quite clear if that happens tomorrow, the stock will end up week at new 52 week low. The bearish momentum is too strong to reverse it.
floirda guy was right again. The guy running the show as his deep pockets in thinly traded stock do what he wants to do. But kudos to such smart people like he is, going against all hate crowd and leaving them in dust . The guy was right since I have noticed him several months ago. I wish he join our group but Cayman Islands are little too far even for me in this time of year.
floirda, if you read this, congratulations to uncanny work you demonstrated here so far. If time, send me an e-mail.
But ,what else can be expected from the stock where company fundamentals are nonexistent?
If wouldn't be those institutional sellers who getting out in highest possible price , stock would already be under the dollar. Foe many it is hard to imagine it but it looks like that day is coming soon or later.
Agree with you on the fundamental reason. It is very easy to see, the company has no single drug approved and has only few months to survive on little cash they have . The chance of pulling off phase 3 as success is zero to nothing if we look closer on so far publicly known data. There very little to be excited about it.
CEO"s smooth talk as we see doesn't work and sellers are out in force.
Look at me, I had enough and I am sure it is much more safer to short this stock as I am doing now at 1.71 than to buy long. And it is nice going so far as almost 6K was executed and I might raised my total to 15K instead 12 I have there on order. Short it man, it will pay big.
have 12K to fill. Almost 3.5 K already filled. Jump on as well, it is sure money shorting this stock. Look what others say about CPXX, scary . Short it.
Who would even consider buying this stock? I'm thinking to start short position now at 1.70 or so as it would give me very good profit . My target price is now around $.24 and I think it will get there maybe even before data is released. There is more and more evidence of phase3 failure. The was institutions sold out and stock is trading, yes I am going to short this stock starting now. Fish me luck ,even I think it is sure bet.
This is very strong signal of further decline is on the way. Today as AI saw was most bearish action of late.
It is safe to predict large price decline tomorrow on increased volume. Will it make bottom?
Those holding long have tough decision to make.
Most small bios are higher today, except CPXX. I believe ,it is going down even lower than to $1.22 .
I think on the way it getting sold, there is some devastating news pending ,especially when they failed to deliver in over the weekend presentation something additional to latest statement CEO had. He failed and screwed more every single long in this stock.
And nice cover on this profit. But stock is about to break down much further.
I agree with you on the price of $1.22 as most possible and real in next leg down. Today's downgrade is only right way how to put the facts out there from the guy.
Will it close above 1.70 or not today? Selling is huge. Something bad is going to be announced. I have seen this type of trading before and each time it had some painful end for shareholders. be careful.
It is stunning resemblance to KBIO even those who are long hate to admit it. First you look at the chart and stock movement. It is absolutely carbon copy of KBIO . And why such technicals? Well, there are run by fundamentals and CPXX there are near zero as there is only single product widely know in trial and not a single product approved or even being ready for approval submission. Huge debt, CEO not exactly honest with shareholders and no even slight interest from large pharma.
KBIO had and still have several products in making and it all looked "great" ,same like CPXX scenario, but one by one it was dropping off the race. They had a lot of cash.....but was that really true?
Now, they might file bankruptcy but just few weeks ago there was "Buyout imminent" according to pumpers.
Remember, short sellers are much more sophisticated than any long player from day one to the last day!
Same was in KBIO for months and bomb went off today as bankruptcy is the option they said today to consider.
but phase 3 was disaster even it looked so "promising". Now co. stopped one phase2 as there are no money. CPXX is exactly the same boat
Yes, that is very disturbing fact. The chart of CPXX is a carbon copy of KBIO and that can't be denied it.
Low priced stock have these fake spikes because some always know they need to get out and they generate such "events" and retail get hurt more and more and this is what is happening in CPXX before the exact same like today KBIO.
Will people avoid them before somebody dies from poison thanks to Chipotle greed?
This company is worse than Enron so to speak. People are led to slaughter by this chain with super unhealthy food.