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Looks like it was because of this:
Benchmark Maintains Speculative Buy on Cardio Diagnostics Hldgs, Lowers Price Target to $1.35
7:47 am ET April 19, 2024 (Benzinga) Print
Benchmark analyst Bruce Jackson maintains Cardio Diagnostics Hldgs (NASDAQ:CDIO) with a Speculative Buy and lowers the price target from $4 to $1.35.
North this along with HSCS has taken a beating. Are they going kaput?
A new notice of allowance for a patent application, titled:
Compositions And Methods For Detecting Predisposition To Cardiovascular Disease.
There has to be some news that we are not privy to. Huge beat down
As expected, Market Makers are loading up on cheap shares before the next run starts. Get 'em while they're cheap, laddies.
This could be a HUGE positive marketing move with this morning's news. EASY ACCESS to the test may make all the difference in the world to CDIO. Stay tuned folks ...!!!
there is no other way to interpret the recent ..last 6 weeks of in play.....this is gonna be huge... its coming
If their brain/s are working right, they release a good PR, and as the whole world scrambles to pick up shares, they'll start selling their shares at much higher prices.
Appears she is heading higher though, as you say.
todays filing is good news.. they are getting ready to sell some shares but they could have done that at higher prices a bunch of weeks back.. we gonna pop and then monster
The dip of the dip of the DIP! Gollllyyyyyyyyyyyyyyyyyyyy ... they sure are trying to shake out the weak, feeble and creating frightattacks.
This could be grounds for a CLASS-ACTION LAWSUIT on behalf of insiders having coronaries.
VERY GOOD news! Company is NOT cash strapped!
"The First Convertible Debenture has been fully repaid, and as of January 4, 2024, the Company’s obligation to issue and sell, and Yorkville’s obligation to purchase, the Second Convertible Debenture has been terminated. At the time of termination, there were no outstanding borrowings, advance notices or shares of Common Stock to be issued under the Securities Purchase Agreement. In addition, there were no fees due by the Company or Yorkville in connection with the termination of the Securities Purchase Agreement.
Yep - predictable as the ocean will be wet come sundown.
More like I wonder how LOW they'll puke it just to show us that they CAN?
Will be interesting to see what kind of upside we get today from the news a bit earlier.
sorry about the post wrong board for sure
building a small position in intc...good value a few bucks i wont have to baby sit
I'm in agreement.
it was a great trade on news day for many.. i can only hold.. the real buyers of this news added value will join us before weeks end ..
still moves on a whisper. no dillution yet.. they have had a 100 different opps to sell into strength and they have not..they will offering in double digits or if they are really lucky get some big boy debt financing based on orders. revenue monster..imo
This is just my opinion as a secondary prevention coronary heart disease patient with a family history of early heart attacks.
Their test is a risk calculator ...not IMHO a diagnostic test.
Diagnostic tests are done if you are in the ER with chest pains and they are doing Tropin tests , EKG readings etc and deciding weither or not to send you to the Cath lab for an angiogram.
CDIO's test is a combination of a DNA test and a lipid panel ....if I have that wrong , please correct.
Have you checked how much cash on hand they have ...chk the latest 10Q...because if they are low on COH ( which they probably are ) they are likely to use this news event to raise cash
Last 10Q they had $4.5m in cash , prepaid expenses etc and were running close to $2m in loss's each Qt
They may have had a cash infusion since that report
Kiwi
They can always drop the $350 price of the test. And/or ... insurance companies may come to believe that $350 for the test is MUCH CHEAPER than all the extensive/EXPENSIVE testing for heart conditions the way it is currently being done.
North. Happy New Year . Are U still in CDIO and do you have any explanation on current stock movements ...short covering or an actual fundamental story playing out ?
Congrats if you are still in this .
No position
Kiwi
Sold half of mine @2.65 weeks ago .. she did go all the way back down to like 1.25 and I felt good about it then …but now I’m not feeling so great
Now that coding will be set in place (April), the company can NOW release news about OTHER medical facilities who plan to use the test ... or are already administering it.
too bad u didnt buy when it was 32 cents $$$$$$$$$$
Sold my stake at 2.36 (at 32 cent loss) but buying back as it drops to lower my avg
So it could get shorted back to near $2.00 per A/H.
So anyone know why this shot up 40% in the last 5 min of trading Friday?
Back into CDIO at $2.17. This is where I STICKING for the next several weeks.
CDIO will be fine come January. Biotech investors are looking forward to more biotech conferences in the new year.
I'm still holding but you're in a better position than me. I won't even break even until it hits 2.65.
Same here. I made a very nice chunk of money selling at 1.83 but damn did I feel stupid when it rocketed up to 2.30 shortly after. Always happens that way.
So no one knows why this shot up 5 minutes before closing bell?
With HUBC ... I feel that is a pretty MEATY PR they released this morning. Of the same caliber of news when CDIO got FDA approval of their testing.
I know this may be stretching things a bit, but my gut feeling is that the government may get behind HUBC behind closed doors. Should that happen down the road, I see HUBC becoming a big-boy stock much more than CDIO, but what the hey do I know???
I DON'T think a person can go wrong holding CDIO shares, that's for SURE. I just don't have enough available cash at the present to hold shares in both companies to make it worth my while sitting in BOTH companies -- at the present anyway.
hubc ill give a look.. i have some powder for monday thanks
Noooooooooooooooo ... it went up because I dumped all my CDIO shares earlier before the liftoff and put the proceeds into HUBC. ALWAYS happens that way when I sell a good stock more than not.
I think CDIO has so much potential, but I also think HUBC can have MORE ... depending how things play out. We'll see ...
Biding time. Could be a HUGE money maker.
stuck in the mud of a rigged game.. just holding because i know what i own
At the rate the share price is getting manipulated down, we'll be kissing a $1.00 (then maybe UNDER that price again) in the not too distant future. Sure hope insiders are LOVING what's happening.
As an old saying goes: It isn't so much what a share of stock is WORTH ... but rather -- "what the price is the MM's and their lap dogs can get it down to before going long on it."
Was hoping for some continued upside momentum.
What do you mean
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