CXS
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0.00% 70.0¢ chemgenex pharmaceuticals ltd

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  1. microtrade
    166 Posts.
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    02/02/10
    15:21
    Post #: 6277028
    The risk is clearly on the downside. If the drug is rejected initially - the price falls to twenty cents. If the drug is accepted, the market then starts to focus on the low probability that biotechs face in actually making money from a drug.

    I think the current price is a good risk / reward to SELL.
    CXS Price at posting: 86.0¢ Sentiment: ST Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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