Cel Sci Corporation (CVM)

[sab63090]

Who's the mole?

Was the latest private meeting with an institutional crowd somehow passed on to our detractors? Apparently it was. Potentially raising capital when not expressly needed at this time and right before expected data release is unusual and does shake confidence somewhat. Was the letter to shareholders bogus as to the facts?

I am surprised that our insiders did not exercise their in the money warrants/eligible option grants with immediate sales at recent highs; they are still holding them since NO form 4's of such have occurred.

I can't say that the chart "looks good" albeit I do see support at 6 (yesterday's low) with a volume spike and a slight rally. BTW, the ascending triangle has been broken, so it is no longer viable and in retrospect looks more like a bearish wedge now. The uptrend lines also broken. At this point, I would hope that the fundamentals (data) are more powerful. I stand aside for now.