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Message: Some information about CardioGenics

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Re: Some information about CardioGenics

posted on Aug 04, 09 06:05PM

Good move Doc. You did well selling at 50 cents. I would venture a guess that the price action over two days must be disappointing to anyone expecting a massive short squeeze due to the merger. The move today back to lots of buy at market and sell at market trades of relatively small size suggests to me the stock is right back to the same type of manipulation that accounted for most of the trades before the merger.

I also have to wonder why a company that has been around for 12 years still doesn't have it's first product available for sale and why, if the bead technology is so revolutionary, they would give it up to Merck for a mere 30% of the profits.

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