I was hoping this would go up as well, but realistically I am not sure it will do what we thought. Mornings (first fifteen min) are usually where the biggest moves take place. Not only was CLSN's initial move in the wrong direction for those who want to see a bounce, but the move back up to 1.36 has been a steady increase in price on a decrease in volume which isn't re assuring. If there isn't something big that happens soon I don't see the appeal to the stock. The opportunity looks like it already came and went when this jumped 20% between Friday and monday. The current situation looks like covering shorts might get this back above 1.40 to 1.45 but I don't think there is anything to draw enough buyers to the stock to create a short squeeze panic. The only thing attractive here are the technicals being in oversold territory, but each day that goes by without a big move up, the less attractive those technicals become for buyers. There are no near term catalysts that will move the stock up, and everyone says that all we need is one piece of good news to send this rocketing up, but there doesn't seem to be anything good that the company would be hiding up its sleeve to release before the technicals re set. Also, it seems like everyone that was here that had an theory that this would go up... a theory based on actual facts is gone. Now there are just a lot of quick posts like, "going green today!" or, "Shorts are going to get fried!" Stuff like that, which is just pumping that isn't going to change how institutions play the game. Please, lets hear some opinions and get a good discussion going so we can evaluate where we are at here and either make some serious cash if there is reason I am not seeing to stay, or start saving some people money by letting them know that this dead cat has already bounced.
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