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.
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.