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I googled E7777 and it looks like it had good results in Phase 2 in 2019. So, now CTXR have some 70 millions in cash. I think we could be looking at another stock offering before Mino-Lok news. This move could also be insurance just in case Mino-Lok runs into delays and maybe god forbid rejection.
I bought 393 more shares at 2.21 at the open. I also bought back more of my 2.5 calls for November.
The recent action of SENS stock from under 3 dollars to over 4 today awaiting FDA approval this month for their upgraded glucose sensor told me that in December if not January CTXR will be over 3 dollars before the news. I have 4000 SHARES of SENS but 60k of CTXR. I also bought more CTXR calls SP 2.5 for February. GLTA
I just started buying back 10% of the calls that I sold for November SP 2.5 for 34 cents that I sold for 67 cents. I also bought more 2.5 dollars calls for February.
Thanks for the info. I was wondering why it was up some 4 to 5 months before major news. A few minor news might also be in the works in Q4.
There was a funding made around 1.70 and so 1.65/1.70 is where I see the slide stopping unless we have a huge market sell off. It is basically dead money for 5 to 6 months unless they find a partner for Halo Lido. GLTA
Bless your heart, I hope so.
Yes, only PHASE 3 SUCCESSFUL completion will determine CTXR stock price.
Today I bought 52 February calls SP 2.5 for 65 cents. Now I will be very nervous January and February next year,
Completely bogus. On the first day options were allowed I sold 5 and 7.5 dollar calls for mainly November and February. I was only hedging against my investment (58k shares). Next day we received the bad news. I started buying back those calls in many trades and as of today sold 580 calls for November 2.5 at an avg of 61 cents. So you can see I am not bullish at all until maybe December or January. Note: If I lose all my shares at 2.50 + 61 cents in November I would be down 24k. I bought a lot above 4 dollars.
The moral of the story is people might be doing the same thing, or green investors, rookies, dreamers are buying. The only news that could bring ctxr above 2.50 before November is if they find a partner for Halo Lido testing.
If I do not lose the 58k shares I will be rolling the dice because I would be down in the 1 dollar range for a looooong time. Success p3 then ctxr future is set and we would be 100% up from here. I rather lose my shares because I am looking at another loss of 60k if P3 is not successful. Now wishing luck for all of us.
Unless you are a trader the chart does not matter. The only important thing is the Phase 3 stopping successfully at the end of 2021 or early 2022. The chart will not save you if phase 3 is Kaput. GLTA as I am rolling the dice.
Great that no new shares were issued. I think CTXR would have gone down a lot AH on Friday. Shareholder's risk went up a lot since there is no guarantee that the next superiority test will be successful. They are looking for a partner for Halo Lido and the other potentials are 3 years away. We could be stuck for a long time under 2.
Hello Diana:
CTXR filed on Friday a form after the market closed. I am a senior citizen who can easily misinterpret what it says. Could you please explain what it is?. I appreciate and thank you.
This will only happen if Mino Lok is FDA approved so that the employees can buy at 3.60. Next milestone is December. CTXR hired few positions a little too early so they are burning more cash then before. They were just 3 employees last year and now 10. I wonder what is the production manager function now.
I copied the below from yahoo board and it is very informative to me.
$CTXR ...I am going to post this as it is always appreciated when a CEO takes the time and makes the effort to return a call....Mr.Holubiak is that kind of CEO. Thanks.
I had tried to call IR from early Monday but no luck...by chance I decided to leave a voice mail with the CEO....he called me backed within 20 mins today...was very forthright and did not try to 'massage' away anything....company is on track and maybe even ahead of schedule in screening for and signing up their total allotment of 144 patients enrolled...
Covid-19 prevented access to many hospitals and their wards/dept(important point)...they have 118 patients enrolled today and 15 sites 0n-going which they hope to increase quickly now that the country is opening up again as the vaccinations take hold...as for screening...that is a real science and not one that I believed has been properly addressed...they have screened over 4800....which should give shareholders an ideal of how complex an issue in finding the right patients really is...goal is still 144 and 92 patient events for Mino-Lok....
He mention that an updated corp. website will be out next wk...all cashed up, as has been noted everywhere it seems...everything is moving along nicely including some FDA discussions which have been on-going but nothing he can announce at this time as to their nature(which is what you and I would always want and expect to hear from a properly managed company)....I never expect and do not look for any info from mgmt that is not available for all to see/read at the same time.
Maybe "some" traders expectations might have been higher than it should have been for halting the trial early as the company did not put those expectations out into the cybersphere....I would have liked to have had the trial halted early but this is biotech investing/trading...C'est la vie.
I realize the risk/reward of trading a biotech and the value of information...anyways, I am a shareholder who's actions are accountable to myself only....will never blame others for hitting the enter/send/buy button...on any trade.
Look forward to the next company update but will continue to trade around to bring my avg. down to somewhere around the $2.00 level but not a high priority...next wk looks to be a better time for me...the potential is still here and now really de-risked......just some thoughts. Good trading and GLTA
please read post 456.
Thanks. Before during or after hours?
and when do they announce the deliveries on the 2nd of July?.B4 or AH?
Hello JJ8:
Does TSLA usually announces the deliveries on the 2nd before or AH? THX
On July 2nd does Tesla announces the deliveries before , during or after the market closes?..Appreciate a response and thank you.
Thanks for your research.
I had no idea what is going on as I added from 4.35 all the way to 3.61
Thinking out loud:
CTXR S8 was announced 40 minutes after the market closed in Fidelity and the reaction was to buy after hours from investors.
CTXR could not take a chance that the P3 will be stopped and they would have gotten much more than 3.60.
They will net 34 millions and that should give them enough until mino-lok is in production. (fingers crossed)
Like you said "we do not want to tie up their hands".
I believe 2 weeks from now we will be either low 3's or 5+ and that will cause options to start. I called Fidelity and the rules for options to start on a stock were in favor of CTXR. The only rule that I was not sure of is it needs to trade an average of 2.5 million shares a day for a year. When I first bought CTXR at .78 cents it was trading less than a million shares for a long time.
GLTA
I believe there is a meeting today to find out if they will receive the vote to increase the authorized shares to 400 million.
Very nerve racking for the people who are loaded with shares, and if the decision is to keep on testing 2 more months we will hit the slides.
Is there a doctor in the house?
Is preparation H not good enough?
Russell 3000 is composed of:
Russell 1000 which is big cap
and
Russell 2000 which is composed of
Russell mid cap 1000 stocks
And
Russell 1000 micro cap where Ctxr is
I hope I read google definition correctly
Ctxr was added last night to the Russel micro cap index. Next few weeks will be exciting especially if we get p3 completed news, then we go up from a higher base. If they can get 10 million shares voting FOR then I think they will raise money on the good P3 news.
In yahoo board the optimism is high for inclusion to Russell 2000. The AVERAGE price target from yahoo after successful P3 is around 5 dollars. If CTXR gets the approval for increase of shares then for sure they will raise some money and it will be great to hold above 4 dollars until FDA approval next year. I am banking on 2023 for a double to 10 dollars. GLTA.
I hope I am wrong about the timing I mentioned. If P3 is stopped this month plus maybe Russell and we have FDA approval early next year and NDA for Hemorrhoids next year we could see 10+ next year. If P3 drags on 3 more months then the risk increases and my previous scenario applies.
OOPS. I just reread your message. You were talking about TELL crossing 6 to 8 dollars AHEAD of CTXR announcement. Sorry I misunderstood you.
WOW. You are really stretching it. My hope is we go to high 3's and hold around 3.40 3.80 for 6 months creeping up to 4+ until FDA approval. CTXR will issue more shares if proposal 1 passes which will be a positive long term. The lone analyst brave enough to guess 83 millions revenue in 2022 and 31 cents in EPS is also probably off by 4 to 8 months. Our fiscal year ends in September and I doubt CTXR sales could reach that number if FDA approval comes in summer of 2022.
However with sales ramping up for 2023 fiscal year we could see CTXR OVER 10 LATER IN 2022. With the intended filing of the hemorrhoids NDA next year and with sales of Mino-Lok in India and China where the infections are over 6 percent per thousand compared to USA 1+ PCT per thousand we could judge our potential better. I am dreaming as I am heavily invested in CTXR. GLTA
Short interest spiked 24%, up 2.8 million shares. If we are added to Russell I am guessing they will short some more at 20 to 30 pct higher and some will cover. The shorts are betting that investors will get impatient in 1 to 3 months if there are no results yet.
Any idea why the selling pre market today?
But they said they have enough $$ until March 2023. Do you think they need more money for a PR/AP/AR/HR/Sales DEPARTMENTS once FDA FOR Mino-Lok is approved.?
Very excited about the ARDS POSTER AWARD today.
Diana: Did you like the result.? Your opinion please.
Why?..OPGN is up 10 pct. why are you bailing out?
Hello:
I own tsla and xpev. Does TSLA reports monthly deliveries like XPEV on the 1st or second of the month or quarterly only?. Senior citizen appreciates a response.
Do they all report deliveries the 1st/2nd of each month.?. Does TSLA do the same.? I used to have all EV STOCKS AND spacs. Down to just tsla and xpev.
Thinking out loud that TSLA will pull back in the next month and pull down all EV stocks.
Well well well. I just figured out why MW estimates are 340 and UBS IS 59 DOLLARS. The MW ESTIMATES ARE IN Chinese yuan which is = to 52 dollars. I stopped adding 2 days ago when I realized my mistake.
So sorry you feel that way about the dilution. I added more, this is a positive dilution. Now I believe XPEV will be profitable late 2022 but for sure in 2023.
UBS came out today with a hold rating and a PT OF 59. Completely different perspective than the MW ESTIMATES OF OVER 300 DOLLARS. They must not be analysts from a big firm. What is your take on these estimates going up ?
Estimate now is 308.71 in MW. Hard to believe after the selloff in the last week. As a matter of fact NIO and LI estimate also went up. The way they are behaving now they will be lucky to see 100 in a year. What do you see after XPEV broke many levels of support?. Thank you.
Please explain "$183.33 mark it".
That would be amazing in 1 year. Nio estimate is almost the same and LI is about 20% lower. So, I tried MW on TSLA which I own and it said no data.?
ARK Kathie Wood has a v high estimate on TSLA and I wanted to see what MW WAS. OH WELL. That would be up 400 pct from here if XPEV reaches that in 2022. After next report in January I will try that link again. Appreciate.
I am curious to know about the 284.86 dollars estimate. What is the time frame for that estimate.?