hey RN, re CLBS I've been a buyer of this broken biotech also ... as a 'December tax loss/Jan effect' Buy... but with so many other microcaps at /near 52 wk lows, its hard to know which will be effected. But CLBS has also been mentioned as a good tax loss play by someone else I respect on another board, so I decided to HIT dat Thing!
SPRB 2.36 - added 2.25 (new low) this morning on the overall broad-market-flushout. Nice midday bounceback on most of the list of 14 and a possible END to this drip drip drip deluge??
Junior Biotech is having a tough year in contrast to many other market segments -
S&P500 is up 25% YTD as of Friday
Nasdaq Biotech Index is up just 4%
Nasdaq Junior Biotech Index is DOWN 28% YTD
As a result many of the already beaten down small and microcap biotechs are being sold into year end for tax purposes .... so they may be setting up for a nice bounce in January. I'll be doing some bottom fishing in the coming weeks ....
RNsider - that's an interesting list of cash rich biobusts - up 4% on average since your post .... let's see what happens in January - maybe they'll gain some more traction ?