The talking heads on CNBC will certainly blame China and now cheap oil is bad also!
I understand in the corporate America world, that it isn't popular to comment on stock price. That being said, YHOO has declined 40% with a spinoff in the works and a buy back in place. Not a whisper from the management as they drift lower and lower. The norm is not acceptable here! If the management of YHOO doesn't think it's necessary to speak up, then maybe we have the wrong leadership. MM has been silent since her inception, including conferences. She speaks but doesn't really say anything. She would be a great politician but fails miserably as a CEO!
Without the sell off yesterday, the stock wouldn't have ever seen $3.10. Lows should have been $3.18-$3.20. Only real resistance, is $4.20 area. Need to get the traders out of the way. Those who bought yesterday and early today, will undoubtedly hold us here for a little while. But the worst, in my opinion, is over and should start moving up. I'll even venture to guess that we see $4 plus before $3.20!
But you never answer the question....why do you care? If no skin in game and no personal grudge, then why care? You are a strange one!
"no capital commitment" , no skin in game. Not long or short but very interested in outcome! Strange indeed...If so sure, why not short the stock? I really don't understand your logic.
With many stocks, AAPL, BIDU, FB, BIIB, AMZN etc. having multiple point swings daily, why waste so much time and tie up capital ( if in fact you're short ) in a $4.00 stock? Makes absolutely no sense! The only logical reason for the constant negativity, right or wrong, is you're either being paid to write negative comments or someone on the CPRX board beat you up as a kid! You need to move on and grow up.
Now that we held the trend line again, let's see if we can get through these minor resistance levels. $4.50 should be the only real test. We must go through and hold. Would be nice today but better if accompanied with more volume. Maybe a day or two!
Held the trend line. Now we have mild resistance right at this level ( $4.22-.25 ) another small wall at $4.35 and then at $4.50. If we get through these levels then one last resistance at around $4.85 and nothing above that! Good luck!
wasn't aware they were testing it for use in liver cancer. Awesome news, in that Dr. Silverman thinks it's a possibility! Could be very exciting!