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Hello Aiming4, How did we get to the middle of next year on financing? I thought we were into sept, or later, with still months of cash on hand at that point???? I used 20,000,000 with a 1.1/month burn rate.
But the burn rate is from memory, but I thought it had changed from 1.4 to 1.1... even at 1.4, they are looking as good as I ever remember trading this low.
imo, they will start pulling rabbits out of their hat soon enough, maybe at the dec 5th conference.....pure speculation, but that is what this is, a speculative stock that makes the energizer bunny look like, well, maybe cortex is where they came up with that ad.....it just keeps coming back from a yearly low.....12 years and counting.....within 12 months.
you are of course correct that we hurt with every bit of bad news, goes without saying, but toast? not in all these years. imo, gfp was just overboard on the downside, like a lot think i am on the upside.
Take Care.
ps. i unloaded some snus on the pop today, .46, not that many popping, and the year end rally nowhere in site so far this year......
---since if the first RD trial fails (April), Cortex is probably toast.---
Gpf, I think you must be running out of posts for the day, so please don't waste one answering this one, as I have enjoyed catching up on your posts today.
Once again, I think you underestimate Cortex's ability to continue to bring in new money, prospects, and those willing to believe in it. I think that "toast," could have been the description used on Cortex after each rough patch, and when it was near its yearly low.....for so many years now......
I wonder what some management sees in it this year, as they invest their own dollars into it?
You know, Lilly was trading today, and yet you just bought Cortex, and now you indicate you might get more.....only that you would like to get it lower....
Hummmmm,
Take Care.
Nice run up this morning in this one, +9%. I am still on the sidelines so far, (after selling those off for 1.46.)
Take Care.
---I don't need my hand held but I sure as heck need better insight than that.---
Well, I guess you could make a case that I had that coming, after pointing out that I think that every full service broker I have ever met, would consider you in need of serious hand holding when it comes to Cortex.
I actually still feel that way, and if you think that Cortex will only move on solid, hard, proven, infallible evidence, well then, either you haven't followed it long, or you have no clue about how speculative, low priced, bio-techs can run.
As a Restaurateur, you are no doubt used to making all, or most of the decisions relating to your ventures, maybe right down to the color of the paint on the walls. You are used to being in nearly complete control, and it must be hard to trust others to make decisions for you. You have trusted some of your money to Cortex, and you expect answers. I understand that, I think correctly????
My ency comment was only to remind Aiming4, that low price stocks, that have been hammered, can, and do, run on no news, as did ency today. I was trying to be positive. If that happens to Cortex, well then it might be to late to load up in here.......
I have never lost in Cortex, and I have been trading it for some 15-17 years, not constantly. Now either you can believe that or not. I did offer the same cheer in Cortex, "screaming buy," is the term I think I used, at .65. I also sold most of those shares from .78 to .73, and posted so just before, during, or slightly after the last cc. I trade Cortex. I also have some in IRA's, but because I haven't sold those I haven't taken a loss.
I have never sold at the exact high, but I have been able to get pretty close to the yearly low several times. I thought that low came around 1.14 in January, sold those for around 1.70, and posted so here, most thought I was nuts.
Then more recently, I thought .60, then .50, was going to be the low, so maybe I am not that close this year, or am I? Year's almost up.
And I do believe that Cortex's 12 year track record of coming back nicely from a calendar year low, within 12 months, will repeat for another year. In fact, you could say, I am banking on it
I have purchased every day for the last couple weeks, including another 5k today, adding to what I already have, I don't think anything above .50 in that time frame, but I would have to go back and look. If it goes to .30, then I already have my better half's approval to get another 100k shares down there
As far as "doing better than that," sorry but that is all there is. Maybe I should wait until they are selling a billion or so a year in AD, RD, or ADHD meds. Oh, that's right, by then it would be to late to get in at .50, (maybe 50:-,) but I would have all my questions answered.
I did have a great Thanksgiving, thanks. Hope you did as well, and glad to hear you had fun in Vegas. We try to get there once a year. I think we had 16 here yesterday .....yikes.
Take Care.
You missed the point with ency, I only mentioned it as a low priced stock that ran today, as people piled in. I don't know much about it, except it has been on my stock watching screen, so I am somewhat familiar with its price, and have loosely followed it.
No news today, and it ran. My point was that I have seen Corex run the same way, when its price is crushed.
Cor's management has made it obvious to me that they are bullish on what they have in house, by their actions.
Take Care.
Hello Aiming, I agree with Ombow on Cortex's prospects going forward. At these prices it might not take much to get cortex moving, and then investors will think, man I should have gotten more of it back when it was.....
Take a look at ENCY today. No news today, beaten down to .60 within the last couple weeks, from near 5 several months ago, closed at .76 wed, and hit .98 this morning. I don't own any of it, and I use it only as an example of how the outlook for a low share priced stock can look undervalued with the blowing of the wind. I have seen it with Cortex many times over the years. I think management sees this is one of those times as well.
Take Care.
Good points. I guess the block trade could have been marked, "all or nothing," which might explain why the shares on the ask at .475 and .48, weren't grabbed up first, before going up to .51. Still I see it as a positive spin, nice for a change. And I am glad you are feeling positive going forward with the money flow improvement. I have always looked forward to your outlook since finding this board.
My level II has seemed a bit "laggy" this week, so the shares I was seeing on the ask may not have actually still been there. Often this week the bid/ask on my Level II screen has not jived with my 2 screens of stocks I follow, as far as the bid/ask prices go. The last trade price seemed current all week, just a lag in the changing of the bid/ask. It just started this week, it is very frustrating, and so I am hoping it is a temporary situation.....
Take Care an have a great Thanksgiving!
Very Curious Indeed. There were tons of shares available at .475-.48 on the ask, right at the close, and then this one goes through just before 4:01, at .51. Positive spin for sure. I had my finger on the trigger in case it tanked at the close. I picked some up this morning around 10:30.
Take Care.
Stricter FDA Regulations to Shape Specialty Pharmaceuticals Sector in Wall Street Transcript Report
http://biz.yahoo.com/twst/071119/zfe804.html?.v=1
Interesting Take on the current FDA environment, a lot of it discussed here already....
Excerpt of article here:
"TWST: As you look at that universe, what's going on from a business point of view at this juncture?
Mr. Lickrish: I think there are secular changes that are starting to impact the industry. Greater attention is being paid to the value of the incremental benefits that are being created in some of these reformulations. Third-party payers, the patent and trade market office, and even the FDA seem to view these new drug candidates a little more cautiously than they might have several years ago. Companies that used to rely on strict reformulation of drugs that were previously dosed multiple times per day into once-daily products are finding that this business model unto itself is not sustainable - if it's not already outdated. The takeaway message is, the small incremental benefits that are being offered through reformulations are having a much more difficult time in the market, based on a different reimbursement environment.
The companies that are really up and coming are those that have the potential to generate significant shareholder value by manufacturing products that can truly differentiate themselves in the market. It is, as I mentioned earlier, much more difficult to come up with incremental benefits to products in the hope of capturing significant market share."
Hello food4thought,
Good Grief, We all understand you are uncomfortable holding this speculative bio-tech.
Your constant need for "answers" does not bode well for your possible risk for future stomach problems.
Please don't take this the wrong way, (at least not any more than cor would take some of your "needful" questions,) but in the brokerage business, you would be what is referred to as, "in constant need of hand holding."
You are in the food business, that is a long way from bio tech. Here, we stake our claims as best we can, and let management lead us. As you are obviously not comfortable with that, please think about moving on. Really, for your health's sake.
Cor has shown a remarkable ability to bounce back, and they did that most likly without the remarkable insights of retirees, business owners, speculators, and bb posters. 12 years in a row from their yearly low, within 12 months.
Of course this time is different, they all were.
I bought more yesterday, as I continue to average cost in here. I have an order in for more today already.
Best of luck to you, but really, consider that you might not be suited in this sector. Your needs, imo, outweigh the risk.
Take Care.
Your buying in 1/3's method sure seemed to work out this time. I hope you were able to hold off on the last 2/3's...
They took this one out back and shot it today!
Take Care.
ps, sold the nuvo this am for 1.46 when it looked like everything might be coming back today....
Hummm, Seems like I missed a pretty volatile weekend of, "beat up the posters who try hard to contribute," to our overall knowledge of Cortex, and the insider world of Biotech that many of us can only imagine. (me at least.)
Thanks to those that keep contributing, and for those who only see mistrust, doom, gloom, conspiracy, and fraud, well, please consider selling this week as I am still going to be in there buying again at these levels. Really, save yourselves the pain of it all and sell......
Take Care.
Thanks for the heads up on NUVO, 2.08 cash, (as of Sept 30, 07,) per share trading now at 1.49. I just picked up 4k shares to start a position.
Thanks again for keeping all these boards going and finding interesting stocks!
Nice job surf. Now if someone would only come in and snap up snus, well then, you might just retire!
Nice Job.....
Cortex Amends Bylaws:
Yahoo News today:
http://biz.yahoo.com/e/071115/cor8-k.html
If I read this right, hopefully this means that more of them are interested in buying in here as it looks like they are trying to make it easier to own shares, and have them held with their brokers, like most of us do, rather than having the share certificates mailed to them, and go the safe deposit box route....
This is a bit of it:
"The amendment was adopted in order to make the Company eligible to participate in a direct registration system, which allows shares of stock to be owned, reported and transferred electronically without the need for physical stock certificates, as required by Rule 778 promulgated by the American Stock Exchange ("AMEX") and Section 135 of the AMEX Company Guide (the "New AMEX Listing Standards")."
Take Care, and WELCOME GFP!
Hello surf, i noticed that you have been adding positions lately and i wondered if your view of gnta has changed in here? i can't seem to get this one out of my mind!
Thanks again.
I think he mentioned .35. EOM
gfp, is it only certain times of day that you get this negative, or are you still sitting on the sidelines wishing you put that 25 grand to work sooner?
Insiders are buying, please, try to see this as a positive, you can do it, really, you can do it
Take Care.
hello fearfrost, 10,000 shares is more than i was able to grab several times, way back in the late 80's/early 90's, when i was in school, in the old corx. back then it was corx or social life, but fortunately cor afforded better social life down the road for me. (but i had to sell on the pops.)
Take Care.
OT- just curious if you are a finance major, and if they are still doing national college stock market games?
Glad to see you were able to get some more down at these levels asuhowe.
If these insiders keep buying this way, soon they will have a stake that rivals, well, yours!
I only added 3k shares today..... still dollar cost averaging down in here.
Take Care.
OT- jddiv, i sent you a pm last night.....
Here is the Insider Buying Link:
http://www.sec.gov/cgi-bin/browse-edgar?CIK=0000849636&action=getcompany
Thanks jerrydylan.
I see it now, looks like a small after hours order, maybe a late market order that was missed. Still don't know about the difference in share 626 vs the 618......
Take Care
I almost pulled the trigger in this one yesterday, then saw where had dropped below a buck a couple times last month, and thought I would see if it would drift lower today.
I am showing it at 1.06 after hours, on 626,211 shares for the day, but the quote from the board shows 1.15 ??????
Thanks again.
Got it, Thanks, well that is about 40 grand he has put in it within the last week. Now if a couple others up there started buying on the open market, then that would really be something, the kind of stuff that makes newsletters/headlines....
icebrg, could you post a link for that as i can't find it?
thanks
Thanks icebrg, I think Cor is much higher within 12 months, but that is jmo......
Take Care....
hello asuhowe, there were roughly 70 consecutive orders that went through at 18 minutes to 4pm est, almost all were 300 shares each, and all were at .46 which was the current bid price, and they all went through within a minute. Think, BOOM BOOM BOOM BOOM BOOM, all on the sell/bid side.
and just before those sales started, there a 20,000 share order that went through, also at the .46 bid.
then between 15:44 and 15:58, there were 8 more sells totaling roughly 26,000 shares, also at the .46 bid.
then at 15:59 the bid drops to .4501 on a 500 share order, the last order of the day????
it first showed strength that the bid didn't drop when being bombarded with consecutive sell orders, and then to have the bid drop 2% on a tiny 500 share order at days end, well that just kind of speaks for itself.....
Take Care.....
Hello surf, did you see that .41 in the last couple minutes? It must have happened fast, because the next second it went right back to .43-.44. So I guess it retested the .42 all right......
Just got back, Did anybody else see that action at 15:42, first a 20,000 share sell at .46, then close to 70, yes 70, consecutive sell orders at .46, and the bid held...... there were a few 100 and 200, and one 5000 share order in that group of nearly 70, but mostly just one 300 share order after another at the bid, all within a minute. AND THE BID HELD. I had my finger on the button thinking the bottom was going to fall out and I could pick up some cheap shares.
OT- jddiv, i'll pm you.......
hello alex123, not much today, although there was a 15k block sold within the last hour at .45.
I had a 3k order go in 6 fills, only one was 100 shares, 2 seconds.
Then a 3k order go in 3 fills, again, only one 100 share trade in that one, 1 second.
and then a 3k trade with 11 fills, eight were 100 share blocks, 20 minutes.
and finally a 4k trade in 7 fills, with zero 100 share blocks, 2 seconds.
Still really light volume, 102k total if my machine is correct as of this note, dollar wise it is insanely low.
I am out the door.....
Take Care.
Thanks Aiming4, I am also hoping for that rally, but I think surf is right, and it will come on news. The snus cc is still retrievable, i think, if you missed it and if you have interest...... most of mine are at the .50-.51 level, but I did buy some on this dip, so it may have lowered that somewhat.....
Take Care.
Done for the day John, unless i get back in time and the bottom has fallen out..... 13k yesterday, 13k today....
Take Care.
I just bought back some at .432. Still only 20-30% invested in stocks at this point. I am wondering if this might not be the start of the year end rally????
Take Care.
Yahoo Star Analysts Just Rated SNUS 5 Stars, the highest rating.
So I guess they liked what they heard in the call as well.
Tried to copy here:
EPS ACCURACY FOR SNUS - Trailing Two Fiscal Years and Four Quarters
Top-Ranked Analysts SNUS Overall Research Reports
Monane, Mark
Needham & Company Reports by Analyst
Top Analysts in the Biotechnology Industry:
EPS Accuracy - Industry Excess Return
OTHER ANALYSTS
Holterhoff, Chris of Thinkequity Partners
Kaplan, Matthew of Punk, Ziegel & Co.
Thanks Surf, I think I am going to sit on the sidelines for this one. (now that should be a roaring endorsement!) Just don't have a feel for it yet, but I am watching it. I liked it at 11, sooooo...... glad i didn't bite then!
Take Care.
Hello catty, i don't know. i sold mine at 5.03 for a loss. i didn't have many shares, but when it didn't pop from the move to the nasdaq, and the overall market was falling, i bailed for the 2nd time.
Still like what they are doing, just not the timing.
Surf will have a better feel for it I am sure.
Take Care.
Talk about SLOOOOW, It's almost 11 am and I am showing 19k shares traded so far, and 3k of them are mine! That is about the slowest morning I can remember.......
Take Care.
Hello Surf, I posted a msg while listening to the cc. overall i thought it was positive, but since i was a little heavy in it, for me, i sold 20k shares this am while they were supporting the .49 strongly in the opening minutes. I think I was slightly above water on those, but still hold a bunch around .50-51.
They expect that come Jan 1, 2008, they will still have 30 million cash, and their outstand bills paid, if I understood them correctly. I think that is about .88/share in cash come the new year, trading today at .47!
That's current bio tech for ya!
Every Day. EOM
listening to cc, ceo, (i think it is him,) is saying that active merger discussions are going on. he is not happy with current deal negotiations, wants deal to value their cash, pipeline, expertise, ect.
said will have 30 million on Jan. 1 2008, and burn rate of 1.4 million/month, enough to last to 3rd quarter 2009.... has 40 million now, but write offs and unpaid bills relating to failed trial will eat 10 million of that by jan 1. then goes to 1.4 million a month burn rate. yahoo says 34 million share float in company as of june 30, 07,
still will have near twice the amount of cash come the new year, then current share price.....(.88/share in cash est, on Jan 1, vs .46 aftermarket price right now. 200 shares went on the ask and someone grabbed them quickly.)
interesting to see how the deal angles he is talking about reflects on share price going forward.