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Thanks guys. Looks like I'll be teeing it up at the public courses again this summer. I'm beginning to think I'm allergic to money.
O.T.
Gfp,
Well I should know my place by now and stay out of this game. What are your thoughts on the FDA's requests being dealt with quickly? Do you know of a good DSCO forum I can visit to try and keep up on their agenda and this setback? Thanks in advance.
Figured as much. Looks like you shook out a few weak hands in the process. At the least you created a better entry point for a lucky few. Good luck on the move.
Gfp,
Your luck has got to change. No one gets craps every time they grab the dice. COR and DSCO getting pounded on the same day? Blind or bad luck. Either way I'm starting to feel a bit sick again.
That would be logical, but as we've seen logic seems to play less of a key role when wagering in these companies. If he's doing his job, he'd better be covered either way. If RD news is bad however, a dollar a share buyout might seem a distant wish. As far as today, I think someone needed out of COR and it's price will trickle back to .70 by day's end. Hopefully some of you guys caught a trade. As for me, my money is all tied up right now or I would have grabbed some. Off to work.
If 100K sell off is a sign of insider knowledge then we must be the only fools in this stock. I'd expect a million or so shares traded on a bad news. I think it would spread quickly. Not sure who would dump a large block 2 weeks prior to SHM and near results. Something certainly smells fishy or maybe someone needed out to pay a large backdated tax bill. For everyone's sake on this board, we better hope iggs is wrong on his predictions or you'll never hear the end of it. Then again who would care, the stock will be worth pennies. If Stoll finances prior to results he's definately lacking strategic business sense.
I hate to jinx you gfp but I picked up 10k shares on the pull back about a week ago. Thanks for the guidence. I hope you got this one right, I'll need about 20 more winners to get my COR money back. I got into V in the low 60's(hoping in turns out like MA) and GS back around 150. Baby steps.
In the eyes of an outsider, how should this event be perceived? From our standpoint it is obviously huge. However, if I did not have a vested interest in COR and was searching the bio arena with 100s of choices for a possible trigger I doubt I would choose to invest heavily in COR at the moment.
The lack of volume may tell you that no one really cares about this event, other than us of coarse, and until proof presents itself through a viable source the real players would opt to have their money elsewhere, like a DSCO for example with a more tangible shortterm outcome soon to present itself.
Negative trial information is probably far more common than positive no matter what indication is being pursued. There are many doctors here that apparently understand the science and believe this trial and its results to be obvious but to me it would appear to be another blind risk. So, in a situation such as the one we are in, I believe the average joe would consider the risks of failure to far outweigh the the less proven joys of success.
You might find an avid follower of this board to become a buyer with such anxious enthusiasm. I've been there. I believe many here have and are nuts deep in this thing because of optomistic view points. That's the problem, there probably aren't many of us left so I am not sure where the buyers would be coming from at this point, unless of coarse a viable leak should occur. How much manipulation can one expect from a stock that trades $75K a session without hard knowledge. This whole process seems like a carnival ride that you want to get off of but it keeps spinning and spinning and spinning and spinning....when it's finally over you're either going to feel really good or you puke. I doubt iggs is a spammer, I think he's just about ready to puke and I don't really blame him. This has been frustrating and it is sometimes easier to be pesimistic and negative than suffer the consequences of failed high hopes. Who will be proven right?
As far as Roger's token purchases, the timing seems ridiculous and the amount seems a bit mockery.
Iggs, we get your perception and posts without substance, as this one, tend to be viewed as reckless bitching. Wait 4-6 more weeks then you will have substance to bitch or retract all you want. Cherrios.
Thanks guys. I am considering a local retail investment this summer and am hoping to time out Cor's upcoming events in order to utilize the full value of my Cor dollars. If RD fails I will more than likely be handcuffed. If RD results are favorable I can only hope that Stoll has a vivid and aggresive game plan. This, in my case, has certainly been a blind gamble and I appreciate the sharing of knowledge, even though most of it sails carelessly overhead.
Don't you guys feel that there may be a BP deal in waiting if POC is successful, hence preventing another brutal financing. Is that unrealistic?
One would clearly assume that Stoll would be signing papers soon after the results are made public regardless if it's dollars resulting from a deal or from a pipe. Either way the window to trade this thing will again be tight but a BP deal would only elevate the share price even higher.
In a best case scenario, RD is successful, the SP spikes, a much needed funding comes COR's way, what then will be the next step? Where will the new cash be spent? Advancing RD or maintaining inhouse advancement of new more powerful molecules? Will the next 12 months be as turbulent or does a successful RD trial finally get us over the proverbial hump?
Gfp,
If data is evident as quickly as you state, where typically do the leaks of result occur...is it at the level of those administering the drug or does it usually come from higher places?
Are there large fines in place for breach of disclosure or are positive results usually leaked?
Does Germany regulate secrecy in a similar fashion to that of the United States?
At the 2000mg level, what risks run in parallel to the higher dosage and if only the 2000mg dose is effective is it still a major win for Cortex?
One would think an individual without alot to lose, like a lower level administrator of the drug, would recognize and pass positive data to family members and such, in which case, one would expect to see a larger amount of buying volume in the next few weeks if the results are indeed positive. Am I reading to much into the possiblity of insider corruption or is this typical behavior in the bio arena?
The last 10 posts made portions of my brain leak from my nose. I'm glad you guys are on this board I just wish I knew what the hell you were talking about. No need for an IQ challenge here, I get the injectible/oral argument but how about summarizing the the prior in laymens terms. Is there a red flag buried in all that rhetoric pertaining to something new and dramatic or are you guys just showing off and rehashing old data. I'm a numbers guy used to looking at financials/balance sheets. Thanks.
If you're near Cor Headquarters, I would do more than redesign the website. Why don't you have a sit down with Roger at the local speakeasy, throw down a couple of martinis, smoke a cuban, and find out what the hell is really going down at the big C. See if he will invite you over to his house. If there are a lot of cardboard boxes laying around let me know. If not, maybe he'll slip you a couple of CX samples and you can let me know if it's worth all the hype. Take it easy my man, it's going to be a long couple of months brother.
This website conversation is truly ridiculous, a great bar-time read, sometimes humorous, but truly ridiculous.
I must say that I did check the website before I began buying larger blocks of shares, slightly before I began visiting this board on a semi regular basis a few years ago. It was noticable to me that it was outdated. It didn't prevent me from investing in COR, however, an up to date website, with recent conquests or pitfalls, timelines, prospects, and binary focuses certainly would have helped in my investment decision making. I doubt I am alone in that regard. I am sure everyone here agrees a new website will not drive share price...duh. I think the argument lies with lack of effort. There are 24 hours in a day and even the trite objectives require attention in an efficient manner. Find the time, after the lab closes for the week, to finish your laundry list.
This week I will spend time changing light bulbs, fixing a cooler, updating employee files, cleaning up the remains of a nasty winter, blah, blah blah, all this after working a 70 hour week. Will it directly affect my bottom line? The answer is no. But it is chit that needs to be done. That simple. The things I cannot do myself I will delegate. That is all that is required of an individual in charge. As with many other things that Cortex has promised, this is just another shortcoming. I've gotten used to it. Who cares. This waiting period is boring, the chief is boring, the website is boring, the share price is boring, it's all boring until RD data arrives. If it is bad, I doubt the website will matter. If it is good, how about impressing a would be investor with a website that instills confidence and a direction with a long term out look. Either way good riddens. I'll be back investing in something that is less equivelent to watching paint dry. Good luck fellas.
Neuro,
That's a valid interpretation based on that particular piece of the puzzle. My interpretation considers several other components. I feel good about the hires even without the understandings within the industry. I guess I feel good about the platform which is why I invested. I don't however feel good about the constant delays, lack of public disclosure on recent setbacks, progress or direction, or the fact that time is of the essence and COR's financial situation will become a crisis in the not to distant future. When timelines begin to slip and time is critical one wonders whether or not the consistencies or inconsistencies of a lax CEO has an influence on this. If I were a buyer of this company or products within I would certainly weigh the recent successes vs failures of performance and production. Needless to say those variables speak for themselves. Further, if the inherent value exists and word spreads amongst the bio community as you state, then why is there not more interest and buyers of this company's stock within the community at large? Certainly if key players have come aboard and Stoll is a great leader and the platform is incredibly undervalued then we should, in my mind, be trading much higher and have already, based on the platform's potential, signed with a member of big pharma. Maybe I 'm putting the cart before the horse, I am an anxious person, but COR's history speaks volumes. I'm just saying some people are meant to be leaders and others are meant to look through microscopes. Until Dr. Stoll creates a sustainable stock price equal to the platforms value, maybe he should deligate his leadership and marketing roles and go back to viewing particles with his valuable team members.
ASU,
I am hoping that the reason for the dead silence is that something is in the works or near inked. It just seems to me while RD trials are progressing that COR would be working on other things as well. In which case there must be something of value to pass on to your shareholders. Maybe a tour of their facilty is in order to see if they are indeed working or playing gin-rummy simply waiting on the results of the trial. Would it be a bad thing if they could juggle and chew gum at the same time? I know the spring is loaded, have some patience. A contigent backup plan might be nice as well.
Responding out of pure boredom on a day off.
>>I know something about the science, and based on that I think the RD trial will work out. In science absolute confidence in projected outcomes is folly, but compared to what I know about all the other machinations surrounding cor and its products, this is an area of relative clarity.<<
It is unfortunate that knowledge of the science does not run in parallels with concrete predictions in this company's future or value of the stock. Since I encountered this board I've hedged large amounts of my portfolio on the so called knowledge of the experts here and have had very little luck in doing so. No disrespect, but until you have an firm understanding of the COR's business model and their ability to get deals done, the science is useless. Cortex and its constituents have fooled many. You can only use the bad luck excuse for so long. In business you must create your own fate and luckily COR stumbled onto the RD indication or their fate was pretty obvious. If they fail here, regardless of how convinced this board is that they shouldn't, this company is all but done. SP surely would play the role of the vulture and maybe get into bed with R&R to clean up the entrails. As timelines slip in all areas I am becoming more convinced that COR is again destined for failure. I am clearly an idiot for investing large amounts of money on the words of perfect strangers but I have to say it all sounded very convincing.
My total investment in COR is nearing the 350k mark, I am all in and obviously ok with the stock's performance this year. I am not bashing trying to pick up shares on the cheap nor do I spend my days sitting in front of the computer lurking to argue or looking to antagonize investors in distressed companies. I am overly invested and long in Cortex for all the wrong reasons, hope and greed being a few of them. I made a ridiculous investment in a company I knew very little about which puts me at the mercy of others here with the knowledge and time to investigate the day to day goings on. Thanks to GFP, Neuro and many others, your knowledge and ability to read between the lines definately keeps me interested but my confindence in the company is again beginning to wane.
My background; I have been successful in software design, becoming a senior analyst in less than 5 years, I have successfully traded dot coms to the tune of a million plus in profit(soon to lose half of that to the bubble burst), the remaining I successfully invested into real-estate, shortly thereafter I opened retail and restaurant stores all of which have and remain successful. Even with the current economic climate and state of inflation we are able carry a bottom line with positive cash flow by managing fixed and variable expenses aggresively, refinancing for optimal rates, and shopping products and talent to maintain tight COG and labor respectively.
So excuse me at times for getting sick of constant options disbersement in order to retain talent and lack of understanding the arena, expenses, and political environment of which you play. Roger, maybe next time you miss a deadline or have a setback you take a paycut or invest some of your own money instead of offering more options and futher misaligning yourself with your shareholders. Regardless of the task, missed timelines are a sign of poor execution, direction, and planning. If you walk through the doors of Cortex Pharma everyday and yet are uncertain as to the direction of which you want to take and expand your company, you then are not doing your job as a CEO. I understand that discovering and advancing molecules is a business with daily uncertainties, setbacks, and let downs but according to extremely qualified members of this board Cortex holds the secrets to the next generation of mental impairment drugs of which only this board sees as valuable.
As I have said before, if somehow COR pulls this one off, then I will thank all of you for posting the hidden inherent value of this company which has kept me around, until then, I will wait for Roger to produce or sell something that will create value and strength in this stock, something long investors COR so desparately deserve. My 10 cents for the week. Cheers.
Haysaw,
Even though it appears we are sustaining this level and the RD indication may actually prove to be the company's saving grace, I couldn't agree with you more. Stoll's statement of "many irons in the fire" certainly was never validated. RD was a surprise to everyone a now appears to be the only savior for this company. Sure, they have new molecules but obviously advancement of such will require mucho dinero, of which COR has not.
Furthermore, if SP is not bound to COR for use of the ORG drugs in ADHD and RD fails we will probably go on the block for pennies...that or a reverse split with a brutal financing sure to follow.
It seems as if much more can go wrong for this company than good. History tends to repeat itself and its hard to achieve success when you are used to failure, missed milestones and timelines. COR is a one-step forward and ten-step back company and has been for many years now. The chief should be held responsible at some point and I am sure will if RD fails. COR may have an incredible IP but it takes someone with more than scientific ability to turn a concept into a dollar sign.
Seeing as there is very little to no communication from Roger , all we can do as shareholders is speculate and hope he is conducting business in a very aggresive manner. He is obviously bound to laws of disclosure which puts us back into a wait and see mode. The token year-end buying by the directors was weird as was the recent run-up without sustanance. The insider buying has stopped and the lines of communication seemed to have closed so maybe the rabbit is soon to be pulled from the hat, who knows.
I guess you get what you pay for. At .80 cents COR is what it is, a huge gamble with huge upside potential. At $3.00 it was and is a huge disappointment.
I will bitch until Roger proves himself and which point I will probably become one of his biggest cheerleaders. I think bio-tech brings out the bi-polar in everyone.
Being from Green Bay and having Lambeau Field in my back yard there is more than COR to depress me as of late. The Giants knocking us out of the Superbowl, Brett's retirement, and our worst winter on record are just some of my issues. Apparently anything is possible, so come on Roger prove yourself and keep this streak of uncertainties alive!
I mentioned back in the withdrawal days amp man's identical concerns. Back then it seemed as if the RD concept was a fabrication, it obviously is not. So again the story is fully dependent on RD results. If this shot on goal misses, we most certainly will be back on the firesale lot...SP being the wild card assuming they find it necessary to ink a deal to secure their efforts in advancing one of their compounds for ADHD. It does seem logical that they would based on the patent life's and other scientific ramblings here.
As far as dumping before a pipe that's going to be a tricky call. Selling on the RD news here might be the way to go but if a BP is in the waits and willing to strike a deal with upfronts then the financial crisis temporarily disappears. This in my mind would put this stock at unprecedented levels, $6 and change. I would hate to miss out on an event such as that after suffering here for so long. Then again my money here is fairing far better than it would in any other securites I have had my recent eye on. I think GFP is right with his '08 call on the overall market...I think we will bw testing new 12 month lows by years end. Cheers.
The current stock price/run-up probably had the news baked in. Certainly one should have expected the trials to move forward or Dr. Stoll would again have had a lot of explaining to do. The recent run up in my mind was due to something other than RD trials. Apparently it was a gift trade unless something near-term and unexpecteded should develop.
One would have expected a base here post ADHD withdrawal. There definately was a trade opportunity in the .40's and .50's. IMO without significant news we will be at this level for a while. As Neuro stated, Cor's attitude over the next few months should be a tell tale sign as to how things are going overseas. I see us back near 2.50 to 3.00 if results are favorable. I am not a Dr. or a scientist but that seems like a logical valuation with positive advancement of a new potential concept. Hopefully a deal of sorts will be inked shortly there after to manage the upcoming financial situation. If not R&R's projection is back in play.
RBlatch,
By the way good call, your $1.50 valuation is looking better every day. Thanks to positive posts like yours and that of Neuro I have stayed the course and may soon realize positive cash flow on my Cor investment.
I am in this for more than money however. My uncle is currently in moderate stages of Alzheimers and has been for the last several years. He has just lost his wife, my aunt, to cancer. He has been horribly depressed as of late, and let me tell you when you see someone suffer from the effects of this disease you can only hope for a quick to market new treatment. I understand Cor's compounds will not soon if ever be to market but it certainly would be a great story if they were someday able to offer something that could help with the suffering of individuals such as he and the families that have to deal with this debilitating and degrading disease.
Anyway, great finish to the week. Let the good times roll.
Asu,
Did you sell any of your recently purchased discounted shares? I did not and am nearing the break even plateau. I feel now however the story may again be viable and am going to try to hang in for the ride. Not knowing the science obviously forces me to analyze comments made here and by Stoll, whom I was feeling quite disgusted with, but maybe his recent silence since rejection was founded.
I really like the way the stock is behaving on low volume, suggests a new base, with news we should be in terrific shape. Knock on wood, but I never thought I would be saying that Cor would be my best holding of '08, especially in February. I almost wish the insiders had not been buying the small allotments of shares lately, it would open us up to a possible news break. Either way, things look much better and there must be an inside reason for this, certainly the street feels more confident and that instills the same in me. Neuro was apparently right in that R&R sure did what it could to knock the **** out of cor's SP, at this point they did many of us a favor. With the increased share price however, thoughts of a pipe might resurface as well as the exercising of options. Funds will still be a huge '08 concern.
Off to Costa Rica, I will not know what is happening here until leap day. It's clearly nice to leave on such a good high, I hope I will be even more surprised upon my return.
Recent upticks suggest the spring was loaded, I doubt this is a valuation move. Not in this manner. My opinion, something is looming and a leak of sorts has presented itself. The volume does not truly support this theory but certainly a valuation theory doen't either. After the withdrawal/rejection the value on this stock was .80ish and without any real news that in my mind was the short-term cieling. All I can say is that I as a long term investor in Cor feel much better about our current position. It is true that insider buying with knowledge of a SP increasing event that has not been disclosed does hang in the back of my mind. I think the fine doc might be up to something. Let's hope.
Scstocks,
You lucky dog. I am sure luck has nothing to do with it but way to go. I know longer feel sorry for you.
I was tempted as well to unload a large portion today as I have been watching Cor's action very closely today. I wish I had. I do think it is a short term profit taking sell off but it still would have represented a 10% gain for the day with a reentry option tomorrow. Oh well, I still believe I will get more for my discounted shares in the not to distant future.
My obcession for the day is now over and I am heading back to work. I will be leaving for Costa Rica for most of the month of February, without internet communication and hope to return to great COR news. If all goes well I hope to retire there someday. Continued luck to you.
Gfp,
Do you have ties to the CIA? You certainly seem well informed although all mentions may be public knowledge as I am not up to speed with Global events as such. If your thoughts deem true the only thing I would want to be holding was gold and a passport with tickets to Australia, no chance for jetstream nuclear fallout. You paint a dark picture. I do feel as though we are headed for a tough year economically. My retail stores typically do very well this time of year and are all struglling. Inflation is seen as well in my businesses at a broad level. Interest rate depreciation will free short term cash flow but will not, in my opinion, right this ship. Consumer confidence is weak and the value of the dollar will continue to depreciate. All looks gloomy.
But hey COR seems to be making a come back of sorts so things are not all bad. If we start another war however, I don't think I would want to own anything in this country but gold.
Good Luck.
Neuro,
Thanks. I was in and out of town the last several weeks and have not kept up on the posts here.
I agree on some aspects of valuation and being oversold but to see this sort of an uptick suggests something internal. I expected the old money flow to return mid january but certainly not to elevate the SP higher than of that after the rejection.
I keep returning to the comments by Stoll; expect a better SP in the year to come...we have many irons in the fire. It's as if he has not yet disclosed something. I mean a complete hedge on RD results seems a bit reckless, not dissimilar to the ADHD bet. Do you have any indication that Stoll may have something else up his sleeve? Maybe something that has yet to become public knowledge, like a partnering with a cash rich foe of sorts. Stabilization of funds still remains a huge concern of mine.
JD,
It's like a bad episode of curb your enthusiasm. I sold out of most of my core holdings at the end of 2007 to buy more COR and sit on some cash. It is a tough market and I think that will continue.
I have my wish list and will reenter if I can get a little more out of COR. Good companies are still your best bet and I think you will be fine with prospects such as MTW.
Don't feel too bad I sold my Yahoo shares into earnings season just to watch Microsoft inflate that flat tire with a ridiculous offer.
The recent COR pullback appears to be a large block sale...someone undoubtedly retrieving short-term profits. That is bound to happen. As I said, if there is sustanance here that will be temporary. I am as tempted as anyone to unload at this level some of the 150K or so shares that I picked up in the .40's and .50's. This is where I feel weak hands are tested. If you chase selling you will lose. A gut feeling but I feel something is looming and hate to miss out on higher returns. Greed again rears its ugly head.
I cannot believe this board is not buzzing right now. Is everyone afraid to make a prediction as to what may be going on? Has this board become overly suspicious? Scared to comment for fear of nakedmouse persecution. He is gone, have no fear, let's hear it. This is an exciting time, the best time for educated speculation. Neuro, seriously what do make of this? This has to be even catching you off guard.
scstocks,
I am curious as to your recent trade with cor. You mentioned that you sold out of a fair amount of your cor holdings, I think at a high .50's level. Why? You were one of the most positive posters here and had such a low entry point, why would you have taken the risk to miss out on a potential move such as this? We certainly could retreat if there is a lack of sustanance but if this action holds water and good new follows you may have just missed a double. I guess I am just a bit confused as to your trade when you've been so positive as to the rebound of this stock. I am sorry to see if you did indeed and we develop a new base here. As I mentioned a long time ago I would rather ride it to zero than make a 10 cent trade and miss a run up. I did post that I thought mid January would bring us a share price increase but I certainly did not expect this without news. I'm praying for a leak of great news which may allow me to recoup and I will probably never visit the bio arena again. Lesson learned. Good luck.
Certainly it was due for a rebound but not of this nature. Even a valuation argument does not explain this steady diet of daily increases. There is something up here and I'm beginning to feel a bit warm and fuzzy inside. Action like this, as I mentioned, usually holds merit. Let's just hope it is not hype. If Stoll had something up his sleeve and was able to refrain from public enthusiasm I will rebut all bad things I've mumbled about him over the last year. His purchases still confuse me however, so small in nature and can be scrutinized if he is aware of info that would require public disclosure. Either way, seeing my portfolio of late is like falling in love with a stripper . It's exciting until you take her outside and get a good look at her.
I was assuming a reverse split was inevitable as well, but even with my pessimistic attitude you have to feel there is something sustainable here. This type of action usually yields merit. Maybe not all of the pokers in the fire were revealed after all and there may be some leakage of good news upcoming which is fueling this surge. It doesn't appear anyone here can put a finger on it, that's unusual. I was beginning to think the 3 months of silence was a sign house cleaning but the heart appears to be ever beating as you had predicted. I am glad at this point I aggressively averaged down but I fear the minute I become a cheerleader, Stoll will be sure to put a stain on my panties.
As I see it, you can't be let down if you always expect the worst, but you have got to admit there is a reason for this grinch to smile again. Come on Stoll let's have a July Christmas, my portfolio desprately needs to bleed green.
Thank you. First things first. It is what brought us to this point at least in SP terms, still without a definitive response. How can one move forward without knowledge of previous mistakes. Quite simply the proof is in the pudding and regardless of what indication is expressed here, this pudding tastes like SH**. Credibility needs to be earned, and regardless of Stoll's response to e-mail questions, I'd have a hard time standing behind him in any intellectual fight. He knows what he has and we take his word on such, one of which has yet to pay dividends to my hard earned dollar. The sands of the hour glass are running thin and 2008 will move quite fast for this company. Finally if this company becomes desparate near 2008's end, why would any BP come in to bail us out at a premium, the hopes of $3-$5 seem ludacris. Would I take it and never look back, hell yes, but I thinks it's a fantasy.
Well Said. I agree wholeheartedly. It is amazing to me that even with the surfacing of "the letter", one of which I never thought we would see the likes of, we may still be completely subject to all out speculation. You might add that the prevalant information concealed in such a letter will now be in the hands of the person who choses to disclose all, any, or none of its contents based on what my be considered the consequential fallout for doing so...public scrutiny, SP descendence, whatever. I would have a hard time believing it could be so bad in content when recently Stoll so confidently claimed that we would be seeing an increased share price in the year to come. Maybe he was hoping one would never arise for fear of "Lucy you have some explaining to do". Then again he also stated, my interpretation, that the likes of IND rejection were nearly nill as well. Kay sa ra sa rah.
Well so much for our gradual accendence. A month and a half to create a positive trend and blown up in one day without news. That is a bit scary. Maybe Freto's website posted a sell and all of his cornchipers dumped their recently aquired shares. Not to create fear but that sort of selling and stock reaction does not bode well...as long as it is not the insiders, maybe it's their families and friends however. Stoll buying at the bell and a 20% dip next morning session. Something does not add up. The sky is falling again. Man I wish my computer was broke.
ADHD has gotten the best of me in more ways than one!
Just remember that news released related to COR will dramatically blow all fundamentals out of the water. If Freto is pumping based on his methods I would expect volume spikes to soon follow. I don't see a support level greater than .80 without positive news from COR. I expect tax loss dollars to reenter early to mid January to help establish that base. No matter how you look at it, if COR goes up I am happy.
So freto is calling for .80. Does that mean it is also his/your sell trigger. I have no problem with P&D mentality and an opportunity to increase share holdings or profit taking but we as longs are looking for a sustaining binary event or a news driven base. I have traded around numbers many times and made money doing so. I do as well see a trend upward with a new bottom forming towards the middle of January. What are you basing your .80 target on. Certainly Freto's last call was unfounded.
JD,
I've managed to reduce my price point on COR to $1.58 due to my recent purchases. I may have caught the true bottom, mostly in the mid .40s, as I do belive most of the tax loss selling has subsided and negative news reaction has all but dried up. So I now see a slight trend upward and Freto may this time be right, more so by his timing than technical analysis.
I am positive on a recovery by Q2 '08 if all goes well. Just praying, no religion implied, for any positive data. Sooner or later something has got to go right for this company. I am beyond over-weighted with COR and will be exuberant with joy if some how, some way, one of the new compounds can advance before it's to late.
I agree with the thought that positive news which could drive the SP would be necessary before a solid M&A number would appear to be attactive to the longs and Stoll n gang. Certainly any higher SP base prior to a binary would allow for a much greater bounce effect.
As for now, it's another waiting game. I guess RD data is what we should be expecting near term. Is there anything else that might offer a positive surprise within the next 60-90 days? I try not to obsess over the day to day COR watch anymore and would like to center my focus on a near term event.
Quite the pedigree. His focus did seem to relate more towards oncology related drugs but certainly he was speaking in generalized terms. It is certainly surprising to see him in finance rather than medicine now knowing his fathers career line. I just wonder what it would take for the likes of COR to catch the eye of an individual such as he. Just give me one COR mention on fast money or a buy, buy, buy on mad money, and I will go quietly into the night. A dream but one day maybe.
I caught one of the Gurus from Fast Money on CNBC's closing call today talking about the BP's...Merck, Pfizer and SGP and their fairly immediate need to fill their shrinking IP options, and how, in the near future, we may see many promising small Bios being gobbled up by the big dogs. He also mentioned that there as well may be growing interest in american small cap bios from large overseas pharmas due to the suppressed dollar. You cannot tell me that COR would not be a prime candidate. I understand the RD data is prevelent and Stoll appears to want to go it alone but regardless of the outcome of COR's near term trials, would there not be great value and opportunity here? Is SGP still the prime M&A candidate? Timing certainly is perfect for a BP's entry here...even at a $2 premium COR seems to have more tangible value than it did just a year ago trading at the $3 level, not to mention the 1+ year of availble cash. This board seems to be a bit bored, and thought, although vaguely discussed, that this might drum up some discussion.