Conatus Pharmaceuticals Inc. (CNAT)

[BooDog]

I had planned to get out in pre market unless the LII's told a different story. I had $4 in mind or even the crazy possibility of running to the 5.10 resistance. Overall market may or may not have contributed. Thought something green would attract a lot more attention.
Nice going on the $4.03! As quick as these puppies can gap and trap I wasn't going to take the chance. Like I said, LII was showing the ask build even with some decent buys coming in. That was what I was watching for, wasn't worried about catching the top.

Total reset sucks for the ones buying on the run yesterday in AH and today. Fundamentals support this nicely for longs, just going to be by definition imo. Also thinking there may be some milestone payments coming. Cash and everything else look pretty solid. Too bad it couldn't hold the run.
A swing for my this time. I'll be watching to get back in.

Best to everyone!

Jim