January 13, 2010
– Comments (14)
I have mentioned CRME a few times (see this and the comment section of this post). If you have CRME shares you might want to consider selling some of those.
you might want to consider selling some of those.
some. It is still one of my favourite stocks.
update (see this post).
selling seems a bit premature to me Porte, unless you are seeing something chnage in the underlying business or TA resistance. If you think it is undervalued enough to buy it I would hope you much expect greater returns than what it has so far since the downisde risk is so great.
Nice move today though!
Is the recommendation based on the recent run up without news and not expecting news anytime soon?
I do not think there is "great downside risk". I just think it might be a good time to think about selling some shares if you have any.
zzlangerhans (99.44) Submitted: 1/13/2010 9:46:52 PM
For someone who asked, I remain bullish on Cardiome and continue to hold 5000 shares bought about a year ago with a cost basis of 4. I continue to believe that vernakalant is an effective drug with a large potential market. I still do not understand the incredible slowness with which its development is proceeding. This is a drug that several cardiologists I know are aware of and have been waiting for for three years. However, data from the latest phase III trial is not expected until H1 2011. I will try and hold my investment until the share price hits 8 and I've made $20000, but I definitely won't allow myself to go back into the red. I've put a stop in at 5.
That is more or less what I should have written, I guess. I don't have any CRME shares, though. Still need to figure out what to sell to buy some ...
ah I see, thanks Porte
I never saw ZZ's reply to me (i'm the one who asked on his blog)
well I guess that makes sense. Phase II kicks are usually the bigger one in my experience than phase three.
6 bucks looks like it could be resistance, but I do like the chances of it filling the gap to 8 bucks which is my initial first sell target
FWIW I went long CRME in RL around a cost basis of 4.40
it is kinda odd that it's moving now in the abscensce of news
Porte - What happened/where is the CIL?
well you are right so far. Selling when you said would have been better than holding now.
not really. it is currently at $5.58.
mmm you are right my bad
misread your chart
I read 5.40 as 5.90
blast that type is small,I should have clicked enlarge before commenting.