Friday, July 20, 2012 2:03:04 PM
Alert..bought CYTK at $.70. This nasdaq company has been reporting strong institutional interest via filings within the past two weeks. Eastern Capital, Biotechnology Value Fund, & T. Rowe Price Associates. This seems to be a bottom play here especially with the buying down at this level.
Company has 39m shares in the float & 77M O/S. 52wk low is $.57 and 52wk high is $1.45. Most of the buying is occurring near its 52wk lows. Company has 43M in cash & zero debt while the market cap is only 55M. Has $.56 cash per share & $.54 book value per share. 320K shares have been traded thus far with 2 hrs left in the trading day. Company also has a key catalyst in Q4 that will be reporting out.
-Upcoming DD post will follow this weekend with links!
Company has 39m shares in the float & 77M O/S. 52wk low is $.57 and 52wk high is $1.45. Most of the buying is occurring near its 52wk lows. Company has 43M in cash & zero debt while the market cap is only 55M. Has $.56 cash per share & $.54 book value per share. 320K shares have been traded thus far with 2 hrs left in the trading day. Company also has a key catalyst in Q4 that will be reporting out.
-Upcoming DD post will follow this weekend with links!
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