CryoPort Inc (CYRX)

[tigertrader]

Cport, Thanks for the kudos. I wish that there was something positive to report, and I guess the failure of the sellers to return to CYRX is a major positive. Its turning into a veritable safe haven and a flight to quality destination for capital, along with treasuries...LOL. While I have discussed, in the past few days, how the market has been able to show signs of technical improvement, and the possibility of a bounce from these levels was possible, yesterday and today reminded us that the primary trend is lower,that strength should not be chased, and the trend should not be fought.
Despite the recent talk about what great bargains stocks are, pricing action has told us something different.The bottom line is that there will be some outstanding treasures that we will eventually be able to pick from all of this rubble,and CYRX will undoubtedly be one of them, but until we see some real proof that this market’s character has fundamentally changed, and Cryoport can produce revenue and be profitable, I will continue to be hesitant to get long.