It's been a long cold winter with me & CNAT; I bought in @$7.75 around the middle of October & then rode this down from $10.++ to $5.50 where it's been mired for the past 5 months. I'm still long, didn't buy more shares at a lower price & not going to buy more at a higher price. I have what I have, am now even Steven & still believe this stock will be trading in the $15.00 range within the next 30 days. However, that was also my belief back in mid October & I've been in CNAT prison until today.
Are YOU holding a paper loss, or a paper profit?
P2 NASH trial announced today. These are solid test results; GALT hasn't even started enrolling patients in their P2 yet. IF GALT does what is hoped, they will merely be #2 to come up with a treatment.
I'm still sitting on the sidelines. My DD leads me to believe that at current stock prices, there is more downside risk than upside potential, at least for the next 6-9 months. I'm 3+ years sitting on the fence & watching this stock decline.
In addition to your pertinent insight, with RVM only trading 5-10 times a day, the question begging to be asked & answered is, WHY hasn't RVM been delisted?
dblosr is locked in RVM prison & can't get out even IF he wanted to……because no one wants to BUY RVM shares, at any price.
You wouldn't have asked this question if you'd looked at other topics that fully discusses & answers your question.
good point & one which holds for most "reiterations", from almost any RESEARCH outfit.
Your prior warnings helped to confirm my decision to stay on the sidelines, to sit on the fence & simply wait & watch. Don't waste your time trying to tell dblosr anything, the guy still believes the world is flat & Newton's Physic Law of Gravity is poppycock.
Considering soooo many shares traded today above $5.00 & that the volume was 20.5 million shares trades compared to 7.2 million on average & blocks of more than a million trading right at the end of the trading day & trading WEEK, I'm thinking $5.00 is looking like a solid support level. With that in mind, I'm also thinking there is little downside risk here in the low $5.00 range. It will be v-e-r-y interesting to see what price & volume action EGO gets on Monday.
WHAT ARE YOUR THOUGHTS after todays price & volume action?
Whatever you decide, don't factor anything into your decision from anything you've read on this message board. Basing your decision on anything read on any message board is a sure way to lose money
I've been thinking that GALT shares @ $3.90-$3.98 already have the P2 Testing announcement priced in. WHEN GALT does issue their press release telling of the beginning of P2 testing, I believe traders be big sellers, NOT buyers + from a technical standpoint, $4.00 is a major resistance level. I'm thinking at this point in time, at these price levels, there is more downside risk than upside potential
Considering that GALT reported a net LOSS, yesterday after the close of business, don't you think more people will be sellers, than buyers?
I've been watching EGO for several years; this morning, shortly after the opening I placed an order for 500 @$4.55. My purchase was executed within the next 15-20 minutes. When I left my computer this morning it had been tradine below $4.50 for an hour or so. When I returned home a while ago, I was surprised to see it closed @$4.85 on higher than average volume. I'm not planning to buy any more shares.
I HOPE, the analyst is RIGHT, it's just that I don't make a decision on what someone else says, or thinks about any stock; no soapboxing, just my opinion.
I, for one, don't buy, sell, or hold based on any Analyst recommendation. That's a good way to lose money.
Good on you BillyTeeX1, you've put into words WHAT everyone already knows about dbtunr.
I'm still sitting on the sidelines thinking the stock is overpriced, but what do I know.
LUZHITCHINGSTZQ has made 11 replies; every reply is on a different stock, every reply tells how he's lot 90% of his money, & now thanks to ULTIMATE STOCK , he's back UP…
I've put this guy on my IGNORE list.
I agree. and you are absolutely correct about todays relatively low volume.