Kenneth Pittman
Long only, value, biotech, healthcare

Reasons I Abandoned My Long Position In Cytori


I am a physician (currently practicing Child Psychiatry, also board certified in Pediatrics) and part-time investor. I invest in several biotech companies and was invested in Cytori Therapeutics (NASDAQ:CYTX) for over a year until recently. I look for the combination of good science, depth of pipeline, a market cap that appears undervalued, and a reasonably good technical stock profile. I believe that Cytori has fairly good science and that is why I invested with them. One week ago I began writing an article on Cytori that I expected to support my long position. Unfortunately, I uncovered several concerns in the process of writing that article. These concerns, coupled with more encouraging deeper due diligence on Dynavax Technologies...

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