Clinuvel Pharmaceuticals (CLVLY)

[contrarian bull]

Will the US $6,00 hold today. Absolutely no problem for the moment. CLVLY trades in line with CUV. it all depends on what's next week is going to happen on the ASX!

Technical spoken for the short term Clinuvel is clearly in a downtrend.

Almost funny - I think this is currently undersold and right before the close I put in a small buy for just 100 shares - and it ended up giving the stock a 5 cent pop at the end of the day. Goes to show how thinly traded it is.

I first bought this stock in 2006 and have always been optimistic... maybe too optimistic? But I sold a lot of it in the last few years and aim to take a more serious stake in it again.

It's hard for me to buy a stock at $6 when most of my portfolio in it was bought close to $1, but plan to chase it down for a while. I'm curious about how low it will go too.