Is that drop based on any TA? IMO we could see a drop Monday as penny flippers take profits but this is a mid-long term hold for some serious gains. 2 new revenue streams open with EU approval not far off most likely. Add in $400MM in cash on hand, no competition in this space for at least 5 years, and other drugs in the pipeline and it’s not hard to imagine CCXI running close to $100 by this time next year or sooner IMO. Bear case is an offering but don’t see CCXI needing to do that now that they have solid market opportunity in front of them.
Full disclosure: 623 shares at $18.90 so you best bet I’m a happy camper today!
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