is a low volume small cap that may be poised to move higher. This was a $2 stock in May and at $1.09, in my honest opinion, there is a compelling risk / reward scenario. Look at the two big volume days, that's serious accumulation. CXM is starting to impress and should be one to watch going forward.
Stocks to Watch for October 01, 2013
Cardium Therapeutics Inc (NYSEMKT:CXM) - Heavy accumulation
Started by
Costa
, Oct 01 2013 12:34 AM
1 reply to this topic
#1
Posted 01 October 2013 - 12:34 AM
Costa
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#2
Posted 01 October 2013 - 01:31 PM
Hi Costa,
looks like a nice increase from a long base, but scary - their burn rate (neg income) is almost 20% more than their market cap - is there some anticipated ''good news'' coming up?
best,
klh
klh