Wow. You would need balls of solid rock to buy CLSN after Jan 30th. I've heard of folks making bank quickly on stocks that drop like this and rebound - but this one is toooo risky for me. Why?
35.01M shares outstanding - 30.39M float - so only 6.48% of these shares are held by insiders, according to Reuters/Yahoo. Insiders are getting salary, and are not losing near as much $ - at least not as much if they held 50% of the shares. They don't have enough "skin in the game", IMO. GLTA that play this one.
IMO, I'm afraid of the same with BMSN. Only 5.86% of their shares are held by insiders. Again - I know this is Ospreyeye's technical analysis board, but the fundamentals of how much stock the insiders of these bio-med companies actually hold onto (small IMO) is enough to scare me, regardless of what the TA says.
I plan to sell my BMSN with the next .0001 increase. Got too many other good plays out there right now. (anybody seen PEIX recently? Banked 12% on that one today!)
