Cardiome Pharma Corp. may need to retest the $4.60 lows
Given the selling momentum we may have to retest the lows at $4.60 before we get some buying conviction.
Given the selling momentum we may have to retest the lows at $4.60 before we get some buying conviction.
Looking at the value of the stock since the announcement of the merger with Valeant Pharmaceuticals International (VRX TSX) I think the short term good news is already baked into this pie and its about execution of their plan as we go forward.
Before you commit new money to your existing position in COM let it make a sustained break above $9.00 and watch for continued support at $8.00 so that you hold onto the profits you have already earned.
As far as your question of pumping and dumping in the stock I can’t say but its clear that there are a number of other issues that need to be recognized and managed if you are going to hunt in this gap.
I think that the market has the story on FXA. It’s a stock that has enjoyed a nice run but investors are not convinced that it can maintain the sales increases that are seen to driven by one time events.
Currently the stock is trading below the 50 and 200 day moving averages and is currently in a downtrend.
NCS has developed wound dressings that are coated with nanoparticles of silver to accelerate the healing process.