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Actually, that's $92..
Minus commissions in and out, it's about $72..
I think someone was trying to see if they could actually move the stock like this..
There's always some crazy bid of .01 and an ask of 15.00 at the end of every day.. someone said, "hell, I'll sell 100 shares @ .01.. Why not? How cool would it be to see it down 99%.."
Although, at first glance, it did scare the piss out of me ;)
So, whoever did it, job well done!
At least it wasn't the other way around..
If it jumped up to $15 in after hours trading, I may have already bought a couple of boats and some new cars by now..
RBlatch..
In looking at a stock that I owned last year (VRNM) and decided to sell to get some more COR, I can see your point..
If I would have still been holding those shares @ 6ish, and saw the recent runup of 300% over the last couple of weeks to $3ish, I would have been pissed off since it still was only half of my original investment..
I know there are a lot of folks on this board that bought in at substantially higher amounts and $4 wouldn't mean squat..
Sorry if I was looking at things too narrowly..
Maybe we'll all get to peel off from COR in a tiered manner..
-The .50ers got out over the last month and today..
-The 1.50ers get out when COR breaks $2
-And the rest get out when COR hits $10..
SOunds good to me!
I do, however, think that it's not a slam dunk that COR's mgt wouldn't sell out just so they could lie on the beach for a while before figuring out their next endeavor.. It has been a pretty tough ride for those guys..
Cheers!
I'll sell ya my shares for 3.50 ;)
Seriously though.. It's all perspective..
If I was investing smartly over the last year and a half, I'd probably be thinking $10 is a reasonable level since COR would be 5% max of my portfolio..
But, when $4 would almost triple my original investment(which was in the hundreds of thousands), it looks pretty darn good.
"However, in my opinion, it is a joke to talk about such a paltry return on your investment."
3x is never a joke..
If you think it is, you must be killing the market.. can I pleae give you all my money to invest for me? ;)
Let's hope we all get what we want out of COR..
Cheers!
alert..
I'm with ya..
This is all positive!
The mere fact that we didn't fall back down to .90 today is huge..
However..
If you decide to have your company publicly traded, doesn't the stock holder come before your own personal desires?
jk.
With that said, I find it highly unlikely that COR employees will be all that vehement against a buy-out by a BP somewhere around 4ish..
It's not like there aren't a thousand COR-like biotechs out there to join. Especially with a successfully turnaround and BP buyout on the resume.
I know it sounds weird to think this, but, there are other companies besides COR..
Let's hope we all have the chance, and a big chunk of change, to invest in some of them soon..
Cheers!
MF4,
I put my "I don't own any COR shares" hat on, and tried to think like someone that has been lurking to jump in on COR..
If I was waiting to jump in after some real concrete results, tomorrow would be the day..
COR has such a habit of spiking nicely 25% or so, then coming back down to earth..
I think that's what is happening here.. Folks are thinking, "why the heck do I want to roll into COR @ 1.20 when it'll settle down to .90 by day's end?"
The key now is to have a series of days where we are up 10% or so.. at least keeping partial gains for the day.. This kind of churning will eventually weed out the longs and the profit takers that entered at .50, as well as change the perception a bit that you just wait for COR to fall back to earth before you jump in.. It'll also drive out the day traders trying to time the COR pattern..
Eventually, folks will feel they are missing the train, and jump in at any level..
That is when the boosters will be lit..
If we end at a buck today, that'll be a huge win..
Cheers!
tony, I guess that's what I'm trying to say..
For once in a long while, we didn't drop off the cliff..
that in itself is reason to celebrate..
The pps will follow.. We finally have something real and partnerable..
This is HUGE even if the PPS isn't shooting towards $2 yet..
Now it's just a matter of when, and with who, instead of, "ah crap, here comes the PIPE and .40 again.."
Patience is gonna be easy now since there is something concrete.. no more wondering if RD is a flop.. It's all gravy now..
I have a sell order in for 1.99 and I'm almost 100% certain that it'll hit that mark by year's end..
For me, it's like today's price hit 1.99.. the misery is hopefully over.. Now I can spend my time looking for the stocks that I'll "properly" diversify my COR $$ into..
There are a lot of bargains out there, and 2009 should be a nice turn around for several sectors..
Today signals my "get back on track" path from an investing standpoint..
To be honest, I really thought I'd see .50 when I woke up this morning..
cheers!
how is +25% underwhelming..
You guys are so fricking greedy you deserve to lose all you money!!
This is a great day..!
Now, if COR acts normally, and we close up a penny, then yeah, it'll be "underwhelming"... If we close up 25%, count your blessing and stop being so greedy!
Thanks man..
My 1.99 sell order is still there ;)
Someone could be taking advantage of the longs that want out at these levels..
I'm still holding pat with my large lot.. not sure if I'll pull the trigger tomorrow or not..
If we hit anywhere in the 1.20s, I may bite.
If that's the case, then it's gonna be a good day tomorrow ;)
Good luck to all!
It's not a matter of greed, it's a matter of risk/reward..
You can't invest right now in this thinly traded stock for more than about 25K or so without shooting it up..
So, you're telling me an insider is willing to risk his/her career on maybe 5K of upside?
Don't think so..
COR will move one way or another in a big way tomorrow once the facts are out to the public..
The past highs are no indication of the future in regard to stocks.. try you're logic on ALU, NT, CISCO, etc etc etc..
$6 a share is irrelevant..
You're predicating your assumptions on the fact that $6 a share wasn't an overraction on the high side, and that the setiment at that time is the same setiment today..
Folks are gun-shy of this turd of a company and turd of a management team..
COR is 6 months away from going bankrupt.. with nothing but years and years of failure..
I'm surprised it's at .90 with such a recent track record....
I'm just hoping enough hype prevails and I can see 1.50 again at this stage..
cheers..
At least they are buyers out there that think 1.00+ is a bargain..
And, it appears that the long seuffering longs are only willing to make an exit on a pop..
Phycologically, this should be a good thing, right?
If results are good, then it should bode well for a nice sustained path toward $2..
It almost feels like no longer an "if", but a "when".
This thing better be real for a change!
If we can hit 1.10 by tomorrow, and the Wednesday call is positive, life might actually be back to normal for us long suffering longs.. Is $2 really a reality?
It's been so long since I've seen this much $$ in my account, it's bringing a tear to my eye ;)
BRKB, here I come!!
cheers..
My take on today's action..
From purely a observation standpoint, it appears that there is some serious "spring" in this stock..
It was pretty obvious that the early jump wasn't going to last.. It was kind of like a swimming event when a bunch of swimmers jump in the water before the gun (my Olympics analogy for the day).
It is kind of comforting that a tiny blip of potential good news set this thing off like a powder keg.. Imagine what is going to happen if something concrete gets announced.. The jump will last, and the momentum upward will be pretty strong.
Don't get me wrong, I think the spring goes both ways...
With just the snif of bad news, this thing is going to tank big time..
It's all noise until the actual results are in.. however, I think any thought that a good RD result will be followed by a whimper has been squashed by the "jumping the gun" we saw today..
I still am getting out asap... I just didn't get the chance to participate since I was caught in a meeting.. I still would sell all my shares for $1.10 in a heart beat.
Maybe I'll luck out and jump ship on a bounce near $2..
Anything is possible I guess...
Cheers~
food..
My thoughts exactly at this point..
COR is a POS that I can't get out of without driving the boat down to the bottom..
If any of us big players tried to get out now, it would be impossible without driving the stock down to .40 or so...
I will admit that I was pretty upbeat a few months ago, but now, I am just waiting for my a**-reaming..
Will it be next week, a month from now?? Will it be a painful slow drop towards .20 on 10K shares a day??
The only thing I am thankful for right now is that I bought in big around .50, and took some off of the table earlier this year close to .90..
COR is only 1/3 of my total portfolio which is only 1/3 of what it used to be..
I'm not that much into conspiracy theories, BUT, I will agree that there should be no sympathy for Roger if this thing turns out crappy.. That guy has made out like a bandit why a lot of us have seen our financial futures gutted..
My tune has changed significantly and my plan now is to get out at the next little pop in volume and interest (F**K I really blew it by not jumping ship the last time we popped up past 1.00 on significant volume)
I sure hope we are wrong Food.. but this whole thing smells horrible!!
Cheers..
Jerry just likes to talk..
The close doesn't mean squat today, or tomorrow, or the next day....
The RD results are all that matter right now..
COR is completely on its own.. the larger market means nothing..
Why there is still talk about the day to day activities in regard to COR completely bewilders me..
It's like worrying about an ant farting when we have a possible hurricane on the horizon.
CHeers!
The volume and any sort of moving average or any other trend is completely irrelevant at this point.. the only thing that matters is the outcome of RD and the actions that follow..
Everything up until that point is just noise IMHO..
Chase it and analyze it all you want, but it is about as silly as dissecting the effect of a potentially melting ice cube with a huge glacier as the larger issue..
Cheers
Today's close is going to be interesting.
Cheers!
GFP,
Is the possibility of obtaining debt not an option for COR?
Is a PIPE the only way to do things?
Can't they get a loan, or get some venture capital?
Thanks..
Damn Tregaron..
I like your posts!
They make sense, and I can act upon them..
I am hoping to exit COR on a little bit of upside excess! :)
Let's hope RD results shoot this thing on a nice launch.
Have a great weekend.
Cheers..
scs..
I had a feeling you were gonna chime in.. you are like a rodeo rider on this thing..
Can I just hand over my portfolio to you for a while?
Have a great weekend!
Thanks Food..
"I think that is all ASU was trying to say in a bit more abrasive manner."
Exactly.. I am horrible, just horrible a stagnant forums..
Maybe that's why all of my pen pals never write me back? ;)
"Can't we all just get along, we're all in this mess together."
Yes, another point I've horribly tried to make unsuccesfully in recent posts..
I hear ya.
I will need to find another source of income as well if RD tanks..
Let's hope all the anxiety, misunderstandings, etc. are all moot in a few weeks ..!
It will be good for me to be done with little stocks, for
a) I suck at picking them
b) I am horrible at showing my personality and sense of humor via a posting ; (
Believe it or not, people that know me in real life describe me as the most laid back, sweet and funny guy they know.. go figure ;) About as far from an alpha male as one can get.
You gotta admit the analogy "circumcising a humming bird with a hedge trimmer" is a perfect representation of how hard it is to utilize traditional analysis on a stock like COR, especially with a huge bianary event on the horizon..
That type of humor kills in real life!~
Cheers!
Neuro,
Please send me a private message with your email address..
I'd like to have an offline chat with you about COR.
I promise I won't spam you ;)
That was a serious comment..
If Jerry just would have explained why TA was relevant to COR instead of picking a fight with me, it would have ended right there..
It seems like only my construed negative comments get banned or questioned..
You should be a screener at an airport ;)
Now that's a snide comment ;) (tongue in cheek)
cheers!
Aiming.. Agreed..
However, why is everyone else allowed to call me names and attack me personally..
That is what I am most confused about..
I typically disagree with something, and post a rebuttal..
"I don't understand the point of that post" "I don't think your application of TA is valid here.." "etc"
I get personally slammed or threatened by the original poster, along with any tag alongs that want to jump in on the fun of making fun of me (Kind of like that little kid that follows the bully around in "A Christmas Story"..)
I (being human) get pissed, and start to get a bit personal back.. then I get repremanded by you..
I am all about fair and constructive conversations, however, I don't appreciate the rules of the game that allow other to degrade me..
Regards..
"when you're dead it's for a long time, when you're a fool it's forever".
come on man..
I know it's accepted behavior to take shots at me..
It's not OK to take shots at me just because I differ with the norm opinion sometimes.
I am trying harder to voice my opinions in a less personal way..
This doesn't help..
I atually made some valid points in regard to resistence levels on COR.. I did this in a very logical and respectiveful manner.
Maybe everyone should open their eyes a bit to contrary views instead of immediately slamming the poster..
It is human nature to fight back a bit when your opinion is quickly dimissed as being idiotic. I boviously got a bit annoyed and bit back a bit.. And I'm sorry for that..
I honestly think that ther are not any trapped longs right now that bought in the .85 - 1.25 range.
I think the bigger worry are the folks that bought in the .50s and will be looking to unload their profits soon..
The folks that bought in the .85-1.25 range obviously saw COR hitting up toward $2, or they never would have bought in at those levels..
Since nothing has happened to the rationale for buying at those levels (RD canned, etc.), they should have no problem holding on and probably won't sell when we move back up toward 1.00..
Is this not a valid contribution to the board? I know it doesn't use any technical jargon, but it seems logical to me..
I had a reply to this, but, it is different than your opinion, so what's the point, right?
Tregaron,
If only the guy that constantly posts TA on this board would have explained things in such a constructive and professional manner, the TA debate would have ended in 2 posts.
Have a good one.
MF4,
OT..
For all the times that we have disagreed, I will always be a strong supporter of you after hearing that commment..
It so true.. W is the worst thing that ever happened to this country.. Not only has he killed the economy with this BS war, he has tarnished the reputation of the US military, caused the rest of the world to look at us like a bummbling bully, and turned thousands of otherwise peaceful human beings into future terrorists (as we bombed the crap out of their nation)..
We could have spent all that money on alternative fuel research, stem cell research, humanitarian efforts, etc. etc.
I am not going to go all conspiracy theorist on ya, but, do you really think W did this on accident? He and his friends made Billions because of this war (ever looked at the market cap of military supplier companies lately?) .. And in regard to gas prices.. W and his cronies make more money with each penny the price of gas goes up.. You think he pumps his own gas or whipes his own ass for that matter? ;)
It's a shame ... I hope that Obama is able to bring the Pride back to the US again.
It cracks me up when McCain bashes Obama for his lack of Political experience.. Do we really want someone that is skilled in doing the wrong thing because that's how it always has been done? or, do we want someone that can implement doing things how they should be done..
Aiming,
Unfortunately, investing in the market is a lot like gambling.. It is very addictive and extremely hard to keep money on the sidelines for long..
The hope is that the investors that have pulled their money from the market will get ansy and start looking for some other plays that aren't in the larger market..
Folks have made a lot of money over the last 5-6 years, and hopefully that dough will come COR's way..
gfp..
As much as it hurts in the short-run, having gas keep creeping higher and higher may be a good long-term thing..
$2 gas never made me worry about my SUV.. $5 plus gas is making me go out and purchase a hybrid for my next car..
We have had it so easy in the States over the last 10 years in regard to gas prices and travel prices..
This is exactly the economic kick in the ass we needed to really accelerate alternative fuels and more economical cars..
The combustion engine has been obsolete for decades, we just never had a reason to change..
Airlines will figure it out.. there will be some contraction.. some flight routes will disappear..
I strongly believe in the laws of a free market system..
Supply and Demand will situate this eventually..
In the end, we should have less pollution, less dependency on the Middle East, and newer energy sources that could make power as cheap as water..
Just like in regard to medical breakthroughs, it usually takes a tragic situation to make a huge leap forward.
We made 10x the medical breakthroughs during WWI and WWII because of all the cadavers..
Morbid, yes.. effective, yes..
For companies like COR, the bitter sweet tragedy of extending life, but not having a good hold on extending the usefull life of the brain puts a huge need out there for companies like COR..
Corrections are a needed part of evolution in the market..
Man did we need one!
Our energy policy sucked and our Financial systems were over-leveraged..
This slap in the face allows for a better market in the long-run..
Figure out the sectors that will come back stronger than before, lay out you money, and sit back and enjoy the ride..
Cheers!
GFP,
That's why I always have to laugh when folks try to compare other financial investments to the average stock market gains..
It all depends on what part of the trend you are on.
I was thinking of buying a house a few years ago, and the mortgage brokers crowed about the average house appreciation.. "Stop paying money to the landlord.. hahaha"
My thought was always, "what if I get in at the wrong point of the long term graph, or, what if the average rates will actually be 50%+ lower after a long sustained downturn? Will you guarnatee me a nice return each year Mr. Realtor??.."
I rented instead and invested my down payment and upkeep costs instead.. And real estate in my area crashed over 30%..
Am I a genius? NO.. Lucky, kinda.. I never have been one for averages as a means to predict the future.. You never know what the real long term graph looks like.. It is a moving average and only the current average means anything..
Current average = average gains from the time YOU get in until the time YOU get out.. not what somebody gained the last 50 years before you ;)
Cheers..
GFP..
send me a private message with your phone number..
You're one of the few people that understand this is just a message board..
I'd love to get your thoughts on COR without the masses analyzing every word to see if it somehow contradicts their way of thinking..
I'm used to having healthy conversations where there's constructive disagreement.. and no feathers ruffled.. A contrarian viewpoint will get ya killed these days..
Cheers..
gfp, I have put the TA guys on ignore so that I don't have to waste my time anymore kicking a dead horse..
The issue really came down to Jerry's obsession with treating this board as his personal blog..
He really went nowhere with his analysis..
I will admit I have used macro TA on large cap stocks in the past as a small supplement ..
However, when dealing with a stock like COR, the volume is too low and the stock is too volatile to use it in any way..
GFP... Even if you have to send me a private message or in Morse Code so as not to get attacked. .. At least for my sanity, I know you see my point on how a logical, well educated person (which I am), can take issue with a self proclaimed TA expert utilizing TA on a stock like COR.. He must not have gotten the memo..
It is an insane application of the methodology..
I stand by this quote, "It's like circumsising a hummingbird with a weedwhacker."
As for COR and the next month.. I think sideways trading between .70 to .80 is the deal..
I also agree that they won't do a PIPE if RD goes bad.. they'll call it a day, and try to salvage something in a fire sale..
I still think the downside risk is about .75. Especially after seeing all of the bio buyouts lately..
Cheers!
Good for you.. you must be a millionaire then..
I'm so tired of this topic..
It's just an opinion.. I think it is BS..
Why can't folks just take my opinion that it isn't true as a valid stance?
It's like having a damn santa-jesus discussion.
grow up..