Nice call on CRIS Frank. Do you have a L/T target price? Stock reminds me of ASTX before it was bought out. ASTX had a better pipeline but both had a royalty stream.
Looks like Oppy had about 15.4% of the firm as of 12/31/14. Still have not seen who might have caused all the heavy trading in late Jan 15. Remember the 13M share day?
No, Most of the time I have a position. Right now I am out. This overall market sucks. it is dragging CLDX down a bit. Why not range trade it and make some cash??? I was waiting for the CLDX/BMY news. That news is out. What is next news? Earnings ?? FDA?? Results call late this month. I will be back in soon....like tomorrow....lol.
Been trading it a bit this month. I out after unloading at 22.30 this morning. I will buy back. The risk is that when they get great news, I will be out of the stock. I try and not go overnight without having a position.
Finally the news is out. Off we go!!!
Nothing goes up all the time. I will say, if you sell you run the risk of losing the upside when "The News" comes out. There is news coming. You only need to look at the volume since Thursday.
Frank, what's the best reason to own CRIS? I know of their AML product. Why do you love them so?
There is absolutely something up. There is no way the activity from Friday and today so far are options related. The volume is too high and almost all dips are bought. My guesses:
1. Some sort of announcement on Rindo with FDA.
2. Partnership announcement.
3. Market is discovering CLDX's pipeline vs. the other Innumo names that have been hot as a pistol(KITE, BLUE, AGIO, ISIS, etc) Money flow out of those companies and into CLDX.
4. Short covering.