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Philip Runfeld single-handedly founded and operated companies grossing nearly a million dollars a year, prior to becoming a sought after business consultant to some of the country’s leading Fortune 500 companies, such as Disney, Marriott International and DuPont Chemical. Certified by the U.S.... More
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  • CRXX Shake "Out" 3 comments
    Mar 1, 2010 10:23 AM | about stocks: EPRS
    Philip Runfeldt

    Many stop losses triggered in early trading of CRXX.  No word out as of yet, if any action will be taken or announced on today's PDUFA date.  Many small bio-tech's will sell off even when approved, but there are reasons that even if that is the case with CRXX, that upon approval, it will quickly recover from profit takers and continue to increase in value.  The quick drop of CRXX triggering stop losses, could indicate accumulation.  The price at 10:18 am has recovered positively from Friday's close and volume of 1.8 million, is already close to a total days average trading volume of 1.98 million.





    Disclosure: Long CRXX
    Stocks: EPRS
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Comments (3)
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  • Chemistfrog
    , contributor
    Comments (285) | Send Message
     
    I agree Philip! This company has a market cap of a little over 35 million. The simple contribution of the $30 million milestone payment will mean worlds to the stock price, the current pipeline and the long-term health of this company. Money contributed to this company in terms of that milestone payment will make it more stable and less likely to issue additional shares (dilute) to finance its operations.

     

    Good work and good luck to all!
    Steve
    1 Mar 2010, 10:34 AM Reply Like
  • lyndia
    , contributor
    Comments (3) | Send Message
     
    I tend to absorb everything, then try to dissect, from a consumers' outlook without jumping at every bit of 'news'. Your team has an excellent reputation, a very diversified group of analysts, no hype and honesty. Something about me? As a business owner, I have a habit of not saying much at times, but have no doubt that I listen, weigh, analyze and the bad side is that I multi-task all the time. I copied my open hand on a printer, hung it on the wall for anyone who thought they needed a pat on the back, just lean on it and know I Thank You! To anyone out there that might have needed that job someday instead of the unemployment line, don't quash these emerging companies for a fast buck. Maybe you or a loved one could have lived a healthier life with that new drug study you are so quick to look at as nothing but money in your pocket when you destroy these important medical technologies. thanx again Alpha, for all you are. Lyndia
    1 Mar 2010, 12:41 PM Reply Like
  • TradersCoach
    , contributor
    Comment (1) | Send Message
     
    The quick drop, recovery and holding without usual bio-tech drop was a very insightful call. Good job!
    7 Mar 2010, 12:18 AM Reply Like
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