No mention of how much per share for $100 million dilution
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$6.50 per common share offering of 19.2 million shares. There are 61.36 mln shares outstanding thus having a 36% dilution. Pre market 7/14/2023 currently shows $7.70 or a negative 5.4% correction. This should retest $7.40 main trend line where it first formed at $5.80 (july 7th) then $6.40 (july 11), the next stop is $7.40. $7.4 would be a 9% correction. Price action most likely will be based on institutional interest on CRBU.
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Back in 6.50
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Next possible support @ $5.85
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Down trend look to be broken. Holding for now not buying any more nor selling.
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Pfizer 25 million share purchased at $5.44 + $6.50 share dilution price = $11.94 / 2 = an average price of $5.97. Decided to buy @ $6.10 this morning. If it goes lower, I will average down and go long.
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We are back at $6.50 support. We need to hold steady and create new base before continuing recovery.
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Hoping price action holds @ $6.75 to continue recovery.
Trade active
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Convergence of Lower Highs and Higher Lows: Top trend line forming starting on 7/18/2023 @6.94 - 7/21/2023 @6.84 - today @6.80. Bottom trend line forming starting on 7/14/2023 @6.10 - 7/17/2023 @6.17- 7/23/2023 @6.35. If price action consolidates here in a tight range of an average price of 6.66. We should look for a breakout sometime on Thursday 2/27/2023. There should be a higher chance on the uptrend breakout considering past news and lagging indicators.
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FOMC DECISION ON INTEREST RATE HIKE 7/26/23 @ 2PM
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Good FOMC meeting. All in line comments. No color on stopping but possible another .25% more data coming in this week.
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HC Wainwright Adjusts Caribou Biosciences Price Target to $23 From $25, Maintains Buy Rating
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Nice run up today. Looking for a pull back and form a new higher low around $6.9 and $7. I think this maybe a new support line from here on and move higher, granted no negative news.
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Taking some profit at 7.50 buying back at 7
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Executed buy back. We may consolidate here in the range of 7 and 7.15 before next leg up.
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ADDED TODAY @ $6.75 EARNINGS ON THE 8TH
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ADDED TODAY @ $6.35. AVERAGING DOWN TO $6.20 AND HOLDING.
Team, Im seeing a lot of interest on idea as I'm documenting my thought process. Please feel free to give me feedback and opposing ideas. I rather not get blind sided. Give me bulls and bear cases.
JUSTVEY
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moved.
zAngus
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Hello, good job on starting to share your ideas with the community. We hope you found it an enjoyable learning experience.
Good call. Trade went well. Thanks for sharing with the community.