Ray,
COR is selling below the level from where it started its "run" Jan-Mar last Yr., but is above the level from where is staged the more impressive "run" Mar to Sep in 2003 <g>
It had a good spike today & was able to close its Jan 17 DG, but still has to deal with the Oct 27 one. <g>
bigcharts.marketwatch.com
Apparently its CEO,Roger Stoll,Ph.D.,did a good presentation today at the 19th Annual RCPGS Conference in CA & people liked, since the stock continued to perform OK AHs.
The Co, has had 4 consecutive Qs of lower revenues & higher losses& the FDA placed its CX717 on hold last Yr., pending concerns about some preclinical animal data.
Last month they raised around $5.6M after placing 5Mshrs & 3M wrrnts with private investors.
The stock sells around 2.7xBV, has no significant LTD, insiders hold around 10%, the SI is around 1.9x its DAvgVol & increased > 60% in the last month.
It is still at MBR, but I don't see anything enticing about it, albeit I haven't listened to Roger's talk today.<g> |
