Coherus BioSciences Inc (CHRS)

[MiamiGent]

$CHRS NOT trying to talk it down, but FWIW, my bones tell me that $1.25 may be the nearby top, as the MM has it securely over $1.00, to achieve exchange compliance in a few days.
Someone here is suggesting a fallback to $1.14. I don't have a feel for a retrenchment level.
Although I will be in this stock for a long time, I like it that much, here at 1.24-.25 may be a good place to trim, to be re-added later.
Remember the tax implications. If you are a high incomer, don't bother trimming- the short term gain rate will spoil things. If you are a low incomer, short term gains rate prolly won't impact your gain and you may be successful in building your share count, as another posted here a few weeks ago.
MG
Not a licensed stock broker, not an accountant, not a stock adviser- just an average guy sharing his thoughts. I can easily be wrong.
Bullish

(reprinted from ST)