this time around the shares I picked up earlier this week are GREEN
I think you're good to go.
The "left coasties" came in around 11:30 and pushed price up as high as $1.58 and we held the $1.55/6 range ~12:15 through the close, even trying to push up the last couple minutes but couldn't hold it.
The b/a didn't act the same way as it has been though - might just be "Friday Effect", which may also account for volume down about 44% from yesterday. Still good relative volume for $CPST though and I don't think today's reducing volume suggests weakness.
Since yesterday closed right on the $1.54 resistance I'm considering today to be a confirmation of breakout.
We'll see what happens next week.
ISTM if the warrant holders have designs to move price up they have to stay on it now?
A timely major sales PR, rather than just announcing an already known presentation coming at Rodman & Renshaw, would be a big help.
Oh! I don't think I posted that PR - I didn't think it worthy of mention.
I suspect they are trying to arrange more financing for down the road though, so I don't see it as a positive because I don't believe it'll result in analyst upgrades or anything like that.
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