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Biotech / Medical : CoCensys

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To: Anaxagoras who wrote (171)5/24/1999 9:11:00 PM
From: RockyBalboa  Read Replies (1) of 190
 
Anaxagoras,

thank you for the nice work... sounds good, and the $5 - $10 target is never off the table.

Just wondering whether there is a washout in this stock occuring, could lead the stock briefly far sub-1.

That happens sometimes on low-priced stocks, like SPDE, or BASEA to 5/8 recently with quite a volume, (which is basically free money if you are at the bids in time).

In the meantime I raised some cash by selling it off and buying it all back at today's close.
Paid only 1 1/16 for the new inventory, money flow is still negative on this one, but it looks like the selling pressure is decreasing.

My last served sale @the ask is quite a time back (1 1/4), but it reminds me a bit on SCUR, if you don't trade it, you have a hard time to keep the position at par.

Regards
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