Conformis Inc (CFMS)

[tootalljones]

from time to time i have followed this company, marvelling at its tremendous run this year, trying to think whether I should nibble at around 2 bucks. For the near term at least, I think this stock is going way way down. Today a sign was very apparent, and that is the collapse to 1.50, which is a bankable omen.

I think the entire bottom is about to drop out of the entire market, and little spec companies will get utterly vaporized, but there is something more specific to this company, don't know what it is, but whatever it is, it is bad and based on near term fundamentals. There were no buyers at all early today, not even the market makers. The odds are very high the stock gets to 1.50, and actually below this figure between now and year end, to put an arbitrary time on it, and I am just looking at stock action. The price may try to recover but this signal is usually very bad. my 1c.