I agree someone is selling, but I view it more as profit taking.
Jeeza, Alene didn't give me any information about when HIV Test would be approved. Nor did she tell me when HpCheck would start shipping. Test is pending approval and HpCheck is awaiting Astra Merck giving the final green light. That's not new information. It's things we've known for a long time. Same news.
I don't know why Singh distributed shares to family members, but I do believe he wants to hold onto them. I agree that selling has occurred since the ColoCare announcement. Not surprised by that at all. There has been increased volume and I don't know why.
Again, I'm holding and not selling in the midst of this low period because it only makes it easier for people to buy and gain quick profits, while we lose our money.
Patience is the key. We've been in this range before (toward the end of 96) and everyone was concerned why selling was going on. Since then it not only rebounded to normal support range of 1 3/4, but climbed to 2 1/2 on news. I have no idea if any new news is on the way or not regarding anything at all, but it seems that when CMTR gets this low it makes great buying opportunities. Nothing has changed regarding the company so there is really no reason for the selling except lack of patience.
Your questions are good ones to ask, Jeeza, and I don't have all the answers and wish I could read Singh's mind as to why he's been distributing. The fact that it started in May when the stock was much higher and has continued even when it's been significantly lower puts to rest for me that it was for family members to sell and make a quick profit. The company still has over 4 million in the bank and financial pressures aren't even an issue for them. I agree with a post that was put up earlier that whenever the stock is high everyone's happy, when selling occurs, everyone gets scared. I'm not going to react to the pressures of the market and try to sell. Especially when I know there's no real reason for the selling itself.
This stock isn't going to climb to 5 overnight and we all know that.
Piper |
