And so glad I did seeing this topping action today before stock turns lower . Bearish sign unfortunately again has developed and confirmed. If we want to be objective, than there is place for to suspect the data are not going to be good or at least not good as it was hoped for.
And higher volume usually indicates better time for the price of a stock. Here we have no buyers and a lot of sellers and that is bearish sign. I'm still holding it but put tight stop on this profit not to let it slip again.
is what makes me still sitting on sidelines. Too bearish in overbought condition stock makes bearish top confirmations with 50dma still declining every day . What is even worse, that 200dma is also in long term decline. RSI level can't get past 60% and that is consider by all means very bearish as well. Technicals do not show any further advances and of course "breakout" is out of picture definitely as some were hoping for.
The fact is ,stock has been in steady decline since reaching high of 3.26 down to low of 1.61 and is only not even 15% above the low after more than 50% decline, stock would have to appreciate more than 70% from current price to reach July high and that appears to be something this stock will never be able to do.
I expect decline to 1.70's today and more tomorrow.
This is just another rumor , but rumor about ATM was as most thought just that especially after earnings where CEO talked about cash they have. We never know with those guys.
And I am so happy I did. Today action was one of most disturbing as incredibly strong bearishness radiate from this trading. I'm leaning toward what I saw , there is some possibly heavy naked shorting behind of this very negative action. In my opinion, tomorrow stock will go to try recent low at 1.61 unless but that is slight chance only, stock stopped at 1.66-.65 . But according to what I saw yesterday and especially today, I think certain forces already know, there is sure indicator in phase 3 which points to phase 3 failure.
Like or not, but this is prime example or copy of what is documented in the history of such activities we see here. Not good.
Well, not exactly. 7% stop loss would be ok but if I would pay more attention to those red flags I would never bought this stock. I had ARTX while back and every good news was met by the very similar action like in CPXX but I was lucky selling in mid 3's after last spike. I hope this was my lesson for the next time.
I just couldn't take it any more. I lost 7% as that was my stop loss set. I was hoping it will not happen but it did today. Not very good day at all for me. I am disappointed in management the way they act.
I was hoping for some positive sign but there are more red flags and warning signs I can take anymore.
Sold for loss, it hurts little but I just want to move on to stock where CEO does not lie to shareholders like Celator CEO did. Something is not right.
Good luck to all.
All negative only on those stocks where it was appropriate and as you can see I was in almost all cases right with my concern. CPXX still could turn but past history of such trading pattern in other stocks, suggest
potential problem down the road. I am investor who is tries to see both sides not just my side which might be wrong one.
I have portfolio of 9 bio tech stocks all under $3 and all were up except this one.
My problem is seeing stock down in such a positive market across all sectors and IBB was up over 15 points and CPXX was down. Like it or not, their cash is low and catalyst is long away. They most likely will need more cash to continue operations and investors have this on their mind. Just my 2 cents.
It sure feels like something bad is going on with this stock especially looking at the market very powerful rally today.
Sold last week and had orders above 50day average but it didn't luckily get there. The way it is trading it just doesn't look good at all for until it reaches 200day avrg. Some people were right saying mgt. really help shorts by saying there is nothing what would support such a high price when it spiked to $4. It was very safe to short and just watch it going lower. I don't think we will see bottom tomorrow yet.
which unfortunately is increasing daily. Price action alone is most telling and those who bought high and now posting in most cases nonsense are going nuts to top each other with greater story how they are trading this little stock. I recommend the same I did...put those posters on Ignore.
Patience paid off and later this week this stock will be at 7's or eve4n lower.
That is fact. Since I started sending short sale orders it was ..This security is currently not for short sale but broker said later in the day they should be some shares available. A lot of share got covered after price keeps rising freeing more share to short. I am trying now at 14's to short more.
Spike tomorrow at the open and hard fall as always with such hype stocks. The company has no any real money making deals and we saw it at the earnings. Hype , nothing else.
I just finally put that TV Idiot on Ignore. Recommend for others to do the same.