Usually when a low float stock like CTRV that has a promising drug like they do.... MM's manipulated the @#$@#$@ out of it.... as we are seeing here. They knew the results were good and they came in yesterday and sold a chunk of shares to scare the longs. Hopefully you didn't fall for it. Because the conference is going on now and I'm sure the results will make this thing rocket off tomorrow. Hopefully you didn't fall for their shenanigans. And if you're a short, hopefully you took that opportunity to close your position or you will be hurting just as much. Patience is key here.
The MM's thank you. Thats why you buy and hold for the long term. "Day trading" biotechs, especially in a dropping market is foolish. In 3 more months you would have you're money back and more. I'm just wondering what they have in store for the conference next week. We could see some major upward movement if new data is released.
These newbies on here have no clue whats going on. They're mom only lets them use the computer for an hour a day so they don't have time to research.
Its a classic shake off the weak hands. Remember, this stock dropped from $6 to $1.40 on good news. MM's are eating up everyones shares. Classic manipulation of a low float stock. Like iwanooze just said, last time it took several days before they let it rise. All the weak hands are selling right now. They'll all be chasing the stock back at 2.50 - $3 a share in a week.
CTRV shot up 300% because CMX157 was thought to be 60 fold better than GILD's Hep C drug? Do you think it'll shoot up 400% since its now considered 97 fold better?
Until data is released.... Then they'll be 10 years ahead and GILD will buy scooping them up for $30 per share. I see you're back. You must have covered and now you've decided to short once again. Are you sure you want to get stuck in this one again?
I like how its all slow and boring and then rockets off 10% every few hours. What do you think Onesource? Oncesource? Hello? Loser must have finally covered. Anyways. I'm guessing around 2:30 / 3pm, we'll see our next leg up to the $2.45-$2.50 range.
Why doesn't ISIS just change their name! They are also know as is..... does that mean everyone should stop using is as a word?
You are not right about being right. You've been saying the stock would hit .60 cents for the past 2 months. And that has not happened.