JPMorgains

CBYL Longer Term Update: A Glimmer Of Hope?

NASDAQ:CBYL   CARBYLAN THERAPEUTICS INC
29 0 1
So obviously this flush was not what you wanted to see if you were long over 1 dollar, but perhaps there is still some hope here as buyers come back in and defend the longer term uptrend line after the strong selling at the downtrend line which was obviously news based when the RM hit the stock last week. Probably going to take some time to work out and the merger is not going to be done until Q3 or Q4 I believe. We shall see but clearly one should only put spec funds into this idea, unless you are just the kind of investor that throws caution to the wind. Easy to manage risk here though below these recent lows.
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