CryoPort Inc (CYRX)

[tigertrader]

CYRX>>>Gentlemen: There is a reason why the stock is trading at these levels, and it's not because there is good news around the corner. CYRX is priced here, and probably headed lower, because it is seeking it's fair value. When the market, or a stock is really good, it doesn't make it "easy" for you to buy it. The better it is, the harder it is to get long, not easier. Your logic that it is now cheap , and giving you a "second" chance to get in , is absurdly flawed, and based on wishful thinking, and not on any objective reasoning. The price action, even though it is not accompanied by good volume, is still atrocious. The lack of attendant volume only means that the longs have not begun to puke their positions...YET. The daily chart looks horrible, and a close below $0.50 on the weekly, would undoubtedly be the catalyst for a real capitulation in the stock, that could possibly take it to new lows. All you are doing is gambling that there will be some news released, that will cause the stock to rally. News that is essentially based on rumor in the first place. News that may come tomorrow, or in 6 months, or in a year or may never come. Bottom line, there is absolutely, no logical reason to add to CYRX at this point in time.