Hey everybody . . It's cool everyone's taking a few steps back including myself. I halfway expected to read postst otnight that would indicate the sky was falling. Thankfully, there are some really sound, logical posts going on here. I, too, have unfortunately bought into the nervousness. It is odd to see such large volume and reduction in the price. I'm just glad I didn't buy when it was over 2 (which I never do anyway).
I decided to call Selfcare today, just to make sure that the deal with CMTR is final, and it is 100% legitimate. The guy was very helpful.
There is selling going on, yet there are still some significant buys going on as well. I think there's a lot of reasons contributing to this stress:
-Reduction in price since climbing to 2 1/2 on Colocare news.
-Document about Singh distributing shares.
-General fear and speculation on this board.
The idea that there is no bottom to this is really reacting to the current sell off. This stock tends to be cyclical, testing regular lows, and that is when the great buying opportunity comes in. I guess had something really bad happened, like them running out of money or something else, I could see a real reason for speculating behind the sell off. But nothing has changed. I think the biggest problem is that we don't hear new news in two weeks and we see selling, we get paniced and even think the news was released just to temporarily hype the stock.
Jeeza, thanks for your humble and brave admittance that some of even your own posts have been affected by your own personal stress at work or wherever. I think all of us carry our regular days with us and if we center our entire day around the slight dip in the price of the stock, then we're going to get stressed out. Understandably, we care about our money and don't want to lose it. I sure don't. Call me overly optimistic as well, but I really don't think the sky is falling. This thread has never taken on this kind of life before. It scares me because it really can affect the momentum of a stock. Maybe I haven't posted on this thread long enough to see that this is a regular pattern, but why are we all freaked out about this? I think the best thing each of us could do tomorrow is to just go about our day normally and check the price of CMTR at close. When people check midday and react to the current price it only fuels fear. Do a history of this stock and you'll see that these patterns are not untypical. There have been in the past periods like this where volume will increase absent of news and the price will decrease. Almost always, that results in a significant buying spree at some point. I've looked at the charts and that's what tends to happen. I almost wonder if the reports that have been posted on here about most widely distributed would also be identical to these pattern times I'm talking about. Had the Singh document not been filed, I think all of us would be a lot less fearful. We have Alene's word on what Singh is doing with the shares. She is liable for what she tells us, and I really don't believe she's willing to lie and put herself at risk of a lawsuit. She has been more than patient with all of us as investors and has shared as much information as she is allowed to share.
I feel horrible, because I called her twice today. Once this morning to ask more questions. I've been pleasant to talk with, but I'm surprised Alene's been as patient with me as she has. They did a radio campaign for Cholestrak in the past, one of the places they advertised was on the Rush Limbaugh show. I apologize, because this has been a crazy day and I can't remember exactly what she said about the coming campaign, and I don't want to write down what might not be exactly what she said. However, it will involve radio and some sort of print (I think, sorry!) and results from it should be seen in 2nd quarter. Again, it is still on track, and just because we didn't hear about it doesn't mean things aren't in motion (i.e. HIV, H.pylori).
I called her again after seeing how the price dropped and reading some of the posts, and I paniced. I called asking if there was some huge bad news that was coming that we didn't know about yet. She was forthright and honest in saying that nothing is on the drawing table. For her to say anything else positive or negative is really putting her at risk. I'm surprised to see how many people have slammed Alene. I think she's been more than gracious in talking with investors and answering questions as much as she can. She obviously, cannot comment on when she thinks HIV approval will occur or H.pylori shipment will begin. But the general things she has shared about the company itself put my fears to rest.
I realize the market may continue to sell or small investors as it gets this low might panic and get out. But Jeeza, wasn't it you who on one of your earlier posts said there was a huge squeeze going on? That MM's would drive the price down and tempt people to sell?
I make my decision to hold based on the same decision of why I chose to invest. For the long haul. For the fundamentals of this company.
Thank you for the liberty of allowing me to post this long message. I have thought out loud as I've posted this.
The more people sell, the greater buying opportunities tomorrow.
Sleep tight everybody, a stock shouldn't be the center of our lives and what determines our happiness on a given day.
Piper |
