CryoPort Inc (CYRX)

[LongCYRX]

I certainly understand the points but it's not selective memory it's selective analysis. IMO, he is not leaving his ego at the door, but using generalities to support a bearish position.

You have to intepret each company and stock differently based on all of the pieces. The price action yesterday seemed to indicate price fixing not selling because an S/1 came out. Rodman was on the bid all day supporting that price and for good reason because there was a PR stating a higher price to the offering than the market price. Obviously anything can happen but that release is further indication that more than likely there is a go on the funding. These are factors that need to be considered and interpreted. I don't see the stock trending down further because of a capital injection and improvement to the balance sheet but this is cryoport and anything can happen.

I personally am not an advocate for averaging down, my point was that it is not a blanket statement 100% wrong decision to make. In this case, no doubt is it extremely dangerous especially since the split has killed our reward multiple while the risk is the same if not increased.

GLTA