Trapped Again 50/200

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Trapped Again 50/200
peterd96
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Yes just stating the obvious. Our stock price is once more trapped again between 50 and 200 day MA. Support at 50 resistence at 200, bottoms up I call it. Even more obvious recent candles have been bullish. If it breaks 200 day it might be a nice little run. Let me point out that in the 3 years I have been invested in CRIS this is the longest (continuous) time period the stock has spent under 5. And yet it is now closer to a major breakthru than ever (2nd IND, interim phase 1 release, JNJ.PG & WYE milestones). Insider selling aside, I wish I understood how they have managed to keep this stock in such lock and key. Some additional interesting facts, that it's been more than 1 year since CRIS traded 1 million in 1 day. So that is probably the trigger we should be looking for. All the major news releases last year failed to generate that kind of volume.
Incredible
peterd96
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As soon as market gets weak they tank it again. Up .17 yesterday, down .11 today, both on similar anemic volume. Exatcly why does CRIS have to do with GE we'll never know! I can't believe that CRIS is still so under followed. Some say many traders will not touch it anymore as it does not know how to hold gains.There may be some truth to that. They tend to blame insider sales which I don't see as excessive (for young bitotech) though they do tend to coincide with tops and rally kills - LOL. I now believe stock does need a certain amount of trading interest regardless of fundamentals to sustain an upward trend. Still pipeline continues moving forward toward a momentous event that should change all that. That rising short interest may yet become
a boon. On a side note, with markets crashing, what a day to be holding some AVII shares to ease my pain! I am holding almost 16 times more CRIS and yet, my AVII position in 3 months has of course totally destroyed CRIS (3 years :( ) on a percentage basis but as of today on a dollar basis as well.
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Boy now we know why the stock behaved so badly last year. The market had absolutely no faith in success, at the slightest indication of failure they creamed it. When I was asking for volume I meant the other direction CRIS . Yes volume finally came but in the form of a bloodbath. And defnitely not the momentous event I had in mind . I admit I have a hard time cutting my laggards/losers loose but if on 10/19 I had turned every CRIS into AVII, I would be looking at 120k swing. That blows my mind. I will never invest in a company this early again. AVII has 11 successful trials behind it though they don't have the partnerships to go forward with some. There are a lot of naysayers out there about them too, but all they do is produce results. :shock: :shock:
Trapped Again 50/200
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