Cel Sci Corporation (CVM)

[sab63090]

@george

I think we are going through a similar pattern that we had in July when we dropped like a rock from our 3x effort to bust 9 and it failed. The drop in price was large (right under 9 to under 6)...a 3 day smash down. Then we worked our way back up near 9 which took 15 trading days, followed by a hit piece and this time we came down less severely to approx 7.

Since our June low (around 4), we've had significant support around 6 as we traded slightly below the the 50 day, exactly as we are doing right now.

I think we are holding up OK, but it certainly is not impressive strength this late in the game and I'm sure it's because the data results are not in and we have no idea when it will happen. Hopefully, Geert will impress; he's been so quiet lately.

The last time we traded like this around the 50 day, it took about 8 to 9 days before strength came back, this is day 5...I think we need a push past 7.64 to get going again. Market backdrop is having some influence on psychology in a bad way!