Good job Chef ........Hope this isn't too long and rambling for anyone,but if it is just take a fugging pill.LOL! What the heck else do you have to read anyway right now about CARA??? I think I've covered everything in this post upcoming for CARA,if I missed something please do let me know!!
I got off CARA for awhile but traded it when I noticed that once it fell to 10.00 or below it tended to ride back up to 11ish then would sell back off again.Then in May it ran up to 13 and thought it was going somewhere but alas it faltered and came back down again.
The last time it moved to 13 I smelled the move coming higher as it just made sense,(Time had went by since it was at 23.00 and they were starting to gather more and more information from their trials(around a year and a half) ,a confluence or convergence of information was about to start coming out) ...I had traded it again but I could feel it was different this time because it didn't falter at 13 ...you could see the stock was being accumulated vs. past months ....every time it would drop it would get bought right back up again....that's when I kind of knew it was heading back to the 20s.
Unfortunately I don't have a lot of cash like some players,although I made money off of FITX LAST YEAR(lol... thanks Billybob)I kind of got sloppy last year and was beat down over some bad choices.(Still learning some hard lessons after 15 years of trading.)Since I can't really do justice to trading more than one stock at a time generally speaking,because I kind of refuse to trade cheap junk stocks any more (Lesson plan # 1)....I left CARA even though I knew it was moving up and bought into NFLX before the 7:1 split ,call it gut instinct there as well.but they split and reported earnings same day and went gangbusters.So although I did okay there,,the price of the stock still did not net as much for me if I had just held CARA because of the expensive price of NFLX.
I came back to CARA the day before the Pruitis phase II news,,close call.Nice ride ....got out a few days after the 21.70 high around 19.80(45 minutes before close and news of the stock sale whew!)Was expecting a bigger dip as many would have thought...........I EXPECTED for sure it would dip over the stock sales or secondary if you want to call it that,but then last Friday MORNING GOT BACK IN BELOW MY 19.80 price and here we are with a really nice move up Friday,,wonderful close at the high of the day!!
I bought FCX (Freeport McMoran last Tues. had a nice profit the first day but by the time this last Fri. morning came it had dwindled and only made a profit of .95 cents lmao Hey,you can't go broke taking a profit!!! Anyway my thoughts are 30+ eventually and maybe sooner than later.I'm in a cash account so always dealing with T+3 to my own detriment.Could have took profit on FCX first day but since I couldn't use the money again for T+3 I decided to hold.Always a problem!!
CHEF,,,,You have an advantage over us flippers in that your gains will be taxed lower with long term gains vs. short term.My only regret right now is that I don't own more but I can only do what I can do.We all are fighting our own personal trading battles ,not necessarily against each other.
I think if they announce Orphan drug status for the Pruitis drug that will be 1 catalyst .....I think it will go higher anyway right now.........probably to 25 even without any more news.My theory there is that the all time high was 23.25 MARCH 2014,so I figure it is worth more than that now with all the work they have done and trials that have been successful.
The fact that all that volume came in last Thursday shows that the purchase of the newly issued shares I think is already finished.The fact that the stock has started moving up exudes confidence and that's why I say 25.00 and then a holding pattern possibly within a 1.00 or 2 of that waiting on news.
News will come in several possible forms,at least this is what I am expecting as we are now into the 2nd month of the 3rd quarter,,,,, FIRST Q end 03-31-2015 ,,,,,2nd Q end 06-30-2015,,,,,3rd Q end 09-30-2015.
1. News of possible ORPHAN drug status and a timeline layout based on current meetings they are having with the FDA.
From PR dated July 23rd,2015 >>>>>
"With this encouraging data, we plan to engage the FDA in a formal meeting to guide the structure of a potential Phase 3 pivotal trial, which we would expect to begin in 2016."
2. Based on discussions with the U.S. Food and Drug Administration (FDA), the Company currently anticipates the first trial of its I.V. CR845 Phase 3 Program to be a pivotal adaptive trial designed to meet FDA criteria for an adequate and well-controlled clinical trial. The trial will evaluate several doses of I.V. CR845, administered both pre- and post-operatively, in patients undergoing abdominal laparoscopic surgery, including laparoscopic hysterectomy. Cara expects to initiate the trial in the third quarter of 2015, with completion expected in 2016.
Initiate I.V. CR845 Phase 3 Program in 3Q'15 with pivotal adaptive trial in laparoscopic abdominal surgery, with two additional Phase 3 trials in laparoscopic hysterectomy and bunionectomy to begin in 1H'16.
3.Initiate Phase 2 trial for Oral CR845 in OA (osteoarthritis) patients in 3Q'15.
4.This could also come I think at any time but probably not until the 4th quarter unless they are ahead of schedule ,not impossible >>>>
Report top-line data from Phase 2 trial of Oral CR845 by the end of 2015
5.EARNINGS report expected coming up August 6th after market.Earnings will show a loss of course(expected) but could be some unexpected data or something good to report in there.
6.As well on top of all of that information potentially getting ready to hit the airwaves,there should be a press release in the near future stating that they have raised the additional capital needed to see through most if not all the trials necessary up submission of NDA(s) (new drug applications)BASED ON THE SECONDARY OFFERING WHICH I THINK IS ALREADY LOCKED DOWN AND COMPLETED OR VERY CLOSE TO IT BASED ON VOLUME this last Thursday;I don't think that was a coincidence.
Those are my honest thoughts concerning this company and their current situation and why I believe we are set for much higher prices than anyone might have expected even a month ago.That is 6 possible catalysts and some possible surprises coming down the pipe.I'm going to stick to this like glue from here on out.If I do any trading I will only sell a portion and retain a position which at this point I think is the smart way to go if you want to trade it.
One more thing.
Even after the secondary this company still only has a miniscule amount of shares Outstanding ,it could be much worse.I was hoping they wouldn't do this secondary right now but like I stated somewhere(either here or yahoo board (donodoya1) on yahoo..........I stated that the company might strike while the iron was HOT and that they did!!!
Since I had AAA surgery 1 month ago,which they did endovascularly,the pain relief this company offers for abdominal suregeries really interests me because I really don't like taking the harder drugs for pain medication.I think they have several winners here!!!
News 
Market Data 
Discover 
AI
