CTIX Cancer Breakthrough Drug

[AlfredBete]

Anyone buy this? I'm wondering if I should buy more. I bought at $ 1.21 12/6 and it's gone up 84%. actually higher since it last traded at 2.39. Definitely won't be selling before Mid Jan.

[Alfredhob]

The way these bio-techs trade, they've been running up to FDA decisions and then tanking. Look at what ALXA did after getting approved even. Down 20% AFTER it was APPROVED. The trade is a RUN-UP trade. Bio-techs have just traded this way recently thanks to the popularity of this style of trading. So if you want serious advice; take some profit while you're up 80%, and buy it back on dips. If you really want to gamble that these drugs are truly humanity changing as so many claim then this is one of those stocks you could be flipping for free shares JUST in case good news makes it gap up. If for some reason bad news comes and it gaps down then you're still in the money. Bio-techs are always risky. Besides CTIX has been pumped heavily the past few weeks; so take some PROFIT!!!

[Alfredokivy]

I have seen that SEC filing. So my understanding is that this consultant doesn't have to sell his shares at this time, right? I mean, he likely will, but he doesn't have to. Also I noticed that the bulk of his shares were granted on Dec 29, 2010, so would it be possible that he has a 2-yr vesting period and in which case, he might sell on the first business day after the 29th, which would be on the 31st.

[Alexsr]

Sorry if these are dumb questions/comments. I'm a Junior in college and trying to learn practical investment strategies. I did sell half of my holdings in CTIX at 2.41 and plan to hold on the rest unless it goes below 2.00. Will be looking for opportunity with those dips you advised. Thank you again.

[admin]

Nothing wrong with being green, have to learn somehow right?

The consultant probably won't sell all at the same time no, but when he just bought $4,000,000 worth of stock for $200,000 of course he's going to take a little bit off the table which may cause a pullback after an already large run-up.