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Interesting.. could be partly an explanation for this price move today as I see other biotechs moving on the China story.
Droid:
Any possibility that LEAPS vacccine could be helpful to combat the China virus outbreak.
$10+ on the horizon. I sense news is coming soon.
adding LEAPS
BIO International Convention to be held June 3-6, 2019 in Philadelphia.
sab
While we probably don't get a late day bounce to $7 today it was still a very good week for CVM. Plus another week is over with no "298" announcement - time is our friend.
"should be added to the MicroCap Index"?
CVM is already in the Russell Microcap Index.
I was thinking the same thing. They day trade but don't want to be short EOD.
very similar to yesterdays trading action. We may see another sharp rise at days end carrying us above $6. Go CVM$$$
Yea given we were up over 11% yesterday and down less than 5% now I can live with that. I think we get back near $6 by end of day.
Should make for an interesting tomorrow too. Somebody really wanted in because it traded up 30 cents on about 300,000 share volume in last 10 minutes,
Wow! what just happened in last 10 minutes of trading. Buyers couldn't get in quick enough and volume was crazy!
It would be very nice if we could trade back to the highs of the day ($5.66) by the close. Although the volume is not exactly encouraging.
I am totally with you @georgebailey. I believe in the science and time is on our side with every day that passes.
Agree. Yes some dilution but CVM cash position is in great shape now. I think once this is digested we go up from here. This doesn't change my view at all.
added at $5.35
Just recall that it moved up pretty quickly from $2.81 to that crazy $7.50 level. That was way too fast in my opinion so I look at this as normal backing and filling. I think we rebase here and get back to $6 soon.
Would be nice if we could stay in the green. At least we have found support at around $5.65
Thanks for posting this. If I weren't already an investor I would be very encouraged to buy based on this alone. As CEO he cannot really come out and say that the drug works, but he's basically saying that (wink, wink) no?
I worked in the industry all my life and Zacks was pretty much a joke
Sushi:
Interested in knowing your thoughts on todays trading so far today.
Ahh so RoosterX shows up again. Hasn't posted for awhile (at least not under that alias). Trying to spread misinformation to scare others into selling. Don't fall for his antics people - hold on to your shares. And thanks Sushi for setting him straight!
Added to my position this morning under $6 and will continue to do so. We will all look back at these sub-$6 levels and realize what a bargain this stock is/was once P3 is approved. Very bullish
Kind of crazy how we got up to $7.50 at some point but we closed at a decent level, and the way I see it is someone was buying (or covering) at those higher levels. Clearly we were overbought and to be up at the close on a big down day for the market was good. Just a waiting game at this point and I think we will trend higher week to week, especially after June 1.
When the news comes out the rise will be epic. Be patient - its coming.
Cotton:
In my opinion we are there and climbing back now. I bought more at 6.25 or so. I think the rapid rise today to $7.50 intraday caused more profit taking then expected. It's formed a nice base again and I see some are buying in at these levels. The way I approach it is if its going higher what's the difference between 6.25, or 6.00, or 5.75 when it goes to $15+ Go CVM!!
You're right. I just added to my position at $6.75 before it gets to $8.00 The tape doesn't lie and this baby has legs!
Traded 1m shares in first hour today. Just touched $7 mark. With low float and high short interest this has more to run. IMO something big going on.
Just made new 52-week high!!
On March 27 CVM traded at a low of $2.81 for that day - has been up nearly every day since. This is a very healthy trading pattern. We don't want big spikes up and down - we want a measured trend higher. Each day that passes without P3 news is good as I believe the longer the trial goes the more it suggests Multikine works!
So Foxwoods...just keep on going on your beach walks. Ha!
Me think something really big happening here. Huge volume increase in past hour and shot through $5.00 like a rocket
As we head toward $5/sh. I sense some FOMO is setting in.
This is a very interesting assumption cvmibelieve. I think you are on to something here. This makes me even more bullish on cvm
I see today's action - down 2%-3% - on lower volume than in past few days - as very healthy consolidation. A week ago we were at the $2.85 level and struggling to regain $3.00. Keep the pressure on the shorts and I'm buying more on even the slightest dips. GLTA
I agree on both points... maybe not a law but just a general rule that some funds follow. Soon it will be a moot point.
Many mutual funds cannot buy shares of a stock trading under $5 unless those shares are part of a passive index that they already run. I believe much of the buying by funds already invested has been due to the fact that CVM was added to the Russell MicroCap awhile ago. Once it hits $5 it opens up who can buy
Will be passing 1 million shares traded again soon. This is more than mom and pop buying. Its shorts covering but more importantly longer term investors and institutions getting in under $5.
Once this hits $5/share it will have a whole new wave of potential buyers.
Am I dreaming or did our CVM just hit a new 52-week high!!!
Go CVM!!!
Short squeeze in progress. Ha!
Only the old timers do - thanks Clarence!