Athersys Inc (ATHXQ)

[Citrati]

If you get within 10-15% of a bottom you are doing well. Stuff can always go lower than you think or not. They do what they do and the NAZ, RUT and IBB will have their say in this as well.
On the 6 month daily chart we have a recent 1.08 low with a 1.33 close and then yesterday a test of 1.33 with a 1.40 close. http://stockcharts.com/h-sc/ui?s=ATHX&p=D&b=5&g=0&id=p85664774739
It will take a few more trading days to see what gets tested and what holds. The bottom of the white candle at 1.28 is another possible point. If these upper levels don't hold then that 1.08 low is in play. If it gets to 1.08 then 1.00 is the 3 year support to watch.
Options. Guess and just buy.
Nibble and buy the way down.
Wait for the bottom to confirm and get within the 10-15% with the lowest risk.
Holding 1.33 would be a sign of strength and if that is coupled with increasing A/D, CMF and rsi we would have a nice foundation.
For now we have a range of 1.27 to 1.70 with no fully confirmed bottom and no confirmed b/o.

Hope that helps....ATHX