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CUV, CLINUVEL PHARMACEUTICALS LIMITED
ignoramus
post Posted: Today, 05:46 AM
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I think the more realistic investors that are now viewing the horrors of a tanking share price would be looking back at recent events and could rightly conclude it was not the smartest move by Clinuvel to lodge an incomplete NDA with the FDA. Or to paraphrase the goofy Chair who went along with this absurd idea. “Aw shucks, we all thought the FDA wouldn’t notice”.

 
LevelHeaded2000
post Posted: Today, 04:19 AM
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In Reply To: impacman's post @ Today, 02:33 AM

Agreed. When the world looks dicey (japan 2.5% contraction. germany flat, slowing china, etc), then people always move to more defensive stocks and cash. Unfortunately, clinuvel does not represent either of those categories in people's minds.
Luckily, Clinuvel's clients are governments and large insurance companies and it has a monopoly on its products. So, it will gain investor favor again by continually to grow its market and revenue and showing it's revenue stream is well protected.



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impacman
post Posted: Today, 02:33 AM
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Global markets are getting smashed at the moment, particularly tech stocks (to which CUV is more aligned). Dow is down under 24,000 as I post. I think the price drops we have seen are more reflective of this wider sentiment than anything to do with CUV itself. Everything is getting punished at the moment. Can't do anything about the macro environment - just have to ride it out.


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Sherlock1123
post Posted: Yesterday, 10:34 PM
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In Reply To: Clinhope's post @ Yesterday, 03:08 PM

I really don't care about the SP right now; the trading is far from ordinary for this stock so any trade can easily get it up or down, let alone if a large holder is changing its position. Comparing it to the overall ASX trading makes no sense.

As long as the FDA is still reviewing I expect no big changes besides the now drifting up and down like a log in the ocean.

Till then I see only buying opportunities and I don't bother to look to the day to day SP changes. Relax, enjoy Christmas and keep faith.





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Clinhope
post Posted: Yesterday, 03:08 PM
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In Reply To: KRD's post @ Yesterday, 11:02 AM

Quite often you’ll see the price post approval shoot up due to hype and then drop once the first few qtrs results come in.

Although I don’t think that will be the case here. Unless there are unforseen snags in regards to regulations, insurances, clinics etc the hype and sales will push the price up and up post approval once the cat is out of the bag.



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Billy Boots
post Posted: Yesterday, 02:51 PM
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In Reply To: LevelHeaded2000's post @ Yesterday, 01:52 PM

It's still not good!!!


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Billy Boots
post Posted: Yesterday, 02:49 PM
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In Reply To: KRD's post @ Yesterday, 11:02 AM

Absolutely agree,I've had enough of this roller coaster.


 
LevelHeaded2000
post Posted: Yesterday, 01:52 PM
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ASX 300 is down 2% today. So, Clinuvel's current percent down is not shocking.

 
polyphemus
post Posted: Yesterday, 11:58 AM
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Agree - I think obviously though if it was $24 we would not be saying it was a great price. The stock has had a large seller pushing for months now, but the last couple of weeks has been general sellers as well with no forward news to roll into future cash flows.

Today we had a special crossing 38,861 units at $16 - part of me hopes that it is the final piece from the above seller and part of ,e is worried if it has been pushed to a broker facilitation account to close the order.
Not that we saw any cessation of algo related sells post that.

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However while it hurts, I am not trading the stock at the moment. I may buy some more the NTA is under 20 which considering potential growth forecasts is low.

It would be nice to get that 3rd indication

 
KRD
post Posted: Yesterday, 11:02 AM
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In Reply To: schlitzo's post @ Yesterday, 09:08 AM

The $24 spike we saw a few months back sure looks good now. Don't know about everyone else but the one that will come right before and after FDA approval is looking more and more like a time to offload some shares.


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