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Pounding the resistance level. Looks like we will go through it.
We will hit resistance at the .85-.86 level. Minor resistance in the mid-.90's. Then to test our old high at the $1.16 level.
Skoob,
Bids firming and moving up in the pre opening. We'll see if we can sustain the upward trend we have had.
dr,
Personally, I think it's a mistake to give up the tax benefit of a long term holding at this juncture.
Sorry Peach, it appears there won't be any low hanging fruit anymore. I warned everyone a few weeks back that it was the last chance to buy in the .20's. I do not think we will see the .60's again.
You should consider selling if you have that much anxiety. You must have cut your losses significantly on this last move up, or you may be staring at a profit.
Arnold,
CALL THE COMPANY! if you have questions. They will be quite receptive, I am sure.
GDEPC caught you copying LO on the RB Board. Are you one and the same, or just another sad basher that missed the train leaving the station? The stock has almost tripled in the past few weeks and you keep ranting the same negative refrain. Wake up and smell the coffee! The volume we have seen over the past few weeks speaks for itself. This company is destined for big things. Hop on, or don't let the door hit you on the way out.
Arnold,
Please! Go invest in General Electric. I'm sure you will find fault there too. This stock is not for you.
I like someone with conviction.
Got it...Don't wait too long. Train left the station in the .20's. Local will turn to express in 2005.
Arnold,
How about answering the question.
jranda,
Cogent post. My guesses for PPS:
$5.00 - June 30, 2005
$15.00 - December 31, 2005
$50.00 - December 31, 2006
Great post!
In a previous post I said, "if all doubters have not left the building, they should do so now".
6,200 shares traded after the close at .77. Not unusual at all.
Radar,
My bet is $3.00, or higher, by June, 2005.
Looks like it wants to finish strong.
mkw,
Don't know much about it, but 650 million shares outstanding is quite a hurdle to profitability. Doesn't mean it won't go higher. CYGX only has about 130 million.
jranda,
You are too cautious here. Not sure why. The excitement has just begun. The stock is undervalued here. Your time horizon for a payoff is too long.
Allow me to repeat what I said when the stock was .28 two weeks ago. I have never seen a stock with a more exciting risk/reward relationship. My statement still holds true at the current level, IMHO. It obviously was the last chance to buy in the .20's, as I forewarned. This may be the last time to be able to buy in the .70's. A bold statement, but possibly true. MM's may try to shake the trees, but hang onto your coconuts.
I'm not laughing.
900,000 shares on a day in one of the quietest weeks of the year is good enough for me.
WHY???
Will all doubters please exit the building - - if you haven't already.
Stock caught fire again. Big volume spike. MM's trying to hold it down. It appears that as investors understand the huge potential here, the plow into it.
Look at the chart on this website, above.
When we do break through the recent high of .67, we should move fairly rapidly to the next resistance level of .84-.86.
Yes, good news should be forthcoming. We are due an answer from the FDA regarding our submission. I would expect that sometime in January.
Some months ago, with the stock in the mid .20's, I had predicted a move to .75 by Thanksgiving. While a few weeks late and .08 short, at that time, many were concerned with it even remaining in the .20's. The stock was being bashed and secon guessed with every other post. The stock has more than doubled, and sustained itself, in less than two weeks.
This stock, based on the recent announcement and the very exciting medical breakthroughs it is working on, derserves to be valued higher than where it is today. I predict, FWIW, that by January 31st, this stock will be "at least" $1.00. Of course it will reach there sooner with any substantive announcements, prior.
Thanks vtag. All the best to you.
Please don't get me wrong. I expect great news over the next quarter. (That may be anytime between early January and late March, although my bet would be sooner than later). My point is that it may have taken a couple of days for this recent news to have sunk in. I believe this news warranted a move to this level. You are conjecturing other news is forthcoming based on the move. That is pure guesswork.
HolyC,
Isn't it possible that the stock move reflects the recent announcement only? People figuring out how meaningful it is to the company.
Remember I noted the accumulation going on in the high .20's. MM's tring to hold this down. Put a wall up at .67, the high of a few days ago. The stock will have these bursts as sophisticated buyers with bucks learn about the company. Patience...Do not expect too much too fast...Look where we were just 10 days ago.
Great day! Pushing back to the .67 it ran to a few days back. Looks like we are setting up for a huge 2005. Patience will be grandly rewarded, so it appears...
37,500 block at .64.
Grasping...
Don't expect any announcements before January. It would be a mistake for any company to release news during the holidays --No-one around!
Everyone calm down. The stock is just being discovered. Enjoy and be patient.
The stock is on fire!
The "January Effect" seems to be starting on many of the stocks I follow. CYGX looks awfully strong here.