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  • CLSN Daily Chart Ringing The Bell? 12 comments
    Jan 28, 2013 3:07 PM

    Higher than average volume has seen CLSN rally back to the center of the prior coil.

    Nervousness over the bear raid and flash crash of 1/16/13 which triggered Stop Market orders at the obviously levels of $8 and $7 over a period of 19 seconds appears to have dissipated, as we see a confident return to CLSN buying volume pending the imminent release of top line data from Celsion on their pivotal Phase III HEAT Thermodox Clinical Trial.

    (Click Here for a second chart showing the Stop Market orders hit. Note the two 1 second bars marked with blue arrows at $8 and $7 were the largest decline as stop market orders were triggered.)

    A possible cautionary lesson to all those who consider it wise to use "Stops" on volatile stocks.

    Implied Volatility of February '13 options remains huge, a staggering 475.7%, with the overall IV Index mean of 412.47% (both puts and calls according to Ivolatility)

    (click to enlarge)

    Celsion guidance remains an announcement of top line results in January, according to sources who have spoken with Senior Vice President responsible for Investor Relations Jeff Church, Celsion already has the date set for the news release, and Mr. Church was "absolutely clear and concise, that data will be out by the end of the month."

    As noted on a SeekingAlpha article by ChinaBio Today

    The Chinese company Hisun Pharma has already announced a deal with Celsion "That totals $100 million in upfront and milestone payments" with a $5 million non-refundable deposit in advance of and just before the Phase II trial results. Also interpreted by many CLSN bulls as Ringing the Bell on expected good trial results.

    This has the clock ticking with today one of four days left in January.

    (click to enlarge)

    Disclosure: I am long CLSN, CTIX.OB.

    Additional disclosure: this post is my opinions only and not intended as a recomendation to buy or sell securities. I recieve no compensation for this post.

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This post has 12 comments:

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  •  
    Excellent observations and article by a long time trader and a "analytics" professional. TOB....you have kept me from many " trading mistakes " and trouble in the past while helping me ride the money wave when you recommended same...... your due diligence and skill sets are much appreciated Pal. Thanks again TOB !
    28 Jan, 03:44 PM Reply Like
  •  
    Thanks for the charts. ;)
    28 Jan, 05:02 PM Reply Like
  •  
    as you teach we learn. As a fundamental analyst who looks to others for TA/timing information I find your work to have a high value.
    28 Jan, 05:59 PM Reply Like
  •  
    Good work TOB!
    28 Jan, 06:34 PM Reply Like
  •  
    You are the best chart teacher out there TOB!
    28 Jan, 07:52 PM Reply Like
  •  
    good job,good post!
    29 Jan, 02:27 AM Reply Like
  •  
    Long time stock investor. Retired sale rep. Long ctix, nnvc, cur, ecte

    TOB You are always someone to listen to. I appreciate your charts and how you explain them. I read all your posts. Thanks
    29 Jan, 02:46 AM Reply Like
  •  
    TOB, I read everthing you post and respect your thoughts and opinions. Keep up the good work.
    29 Jan, 04:37 AM Reply Like
  •  
    TOB, your charting knowledge and specific knowledge of this stock continues to amaze me. Your ability to communicate complexity in a very easy to understand manner is definitely a trait many appreciate!
    29 Jan, 04:50 AM Reply Like
  •  
    Your info is always spot on and deals in quantifiable facts rather than bias and guesstimating.
    30 Jan, 03:39 AM Reply Like
  •  
    Ouch. Looks like you and your fan club got absolutely destroyed on Celsion. Guess Cellceutix will save the day for you!
    4 Apr, 04:20 AM Reply Like
  •  
    zzlangerhans.... Interestingly, many on this thread were alerted to celsion when it was under $2. The trader that made the call strongly suggested that the basis should be taken off the table before the binary event. Many actually made money on it. No point in making assumptions regarding the way others trade.

    None of us is right in all of our trades. The key is to be right in the majority of them and to minimize risk by taking that basis off as soon as possible.

    Some came in later and lost. Why would you want to make fun of them? How professional is that?

    Good luck in your trading. ;)
    5 Apr, 01:58 AM Reply Like
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