Codexis, Inc. (CDXS)

[jensis1]

price is going to increase


I noticed that on 11-30 late in the afternoon there was a presentation done by Codexix senior executives and the price increase came then the next day dec 1st steadily throughout the day if you look at the intradday chart on dec 1. so it seems like given it was only 274000 ish in volume it was word spreading slowly throughout the day

dec 7th is the analyst day and the news anticipation will hopefully cause the price to continue upward

they still had over 70 million in cash on the recent earnings announcement date and 35.9 million shares outstanding and revenues were increasing over same quarter last year and the numbers were not that disappointing and i believe that given their new relationships and developments ...raizen...cosan and shell, ethanol etc I believe the earnings are going to turn around

we saw recently PEIX as an ethanol producer turn around and rise from 40 cents to 1.85 in a very short period of time....when CDXS starts to show a turn around or even its anticipation now in the analyst world as the company gives future guidance , the price could rise from the lows which were extremely depressed levels..