News Focus
News Focus
Followers 321
Posts 19830
Boards Moderated 0
Alias Born 06/01/2007

Re: Bean Bag post# 3528

Tuesday, 07/17/2012 1:21:49 PM

Tuesday, July 17, 2012 1:21:49 PM

Post# of 5011
"This has to be driven by merger news."

That's my thinking. Yes, the new migraine product looks like a huge winner. But the stock is already selling a something like a P/E of 1 (or lower). The price is completely divorced from reality and if it was going to respond to a new product it would already have responded to earnings exceeding the market cap... So, that leaves the acquisition.

With over 1mm shares bought, I think you missed your chance to buy back when the bid at 2.2c was getting hit. I think this is a fundamental or pivotal change in the chart we are seeing. CHRI is now going to head back up where it belongs.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today