*** is vcr oversold??? *** It just seems the sell off in VCR is completely unjustified.
The fall in PTD has nothing to do with VCR other than a few day traders probably own both stocks and panicked PTD holders would have dumped their other stocks too to preserve capital.
1) VCR have announced the second patient is remarkably well and has gone home from hospital.
2) The US medicare decision on LVAD's was very positive for VCR and the whole industry.
3) More patients are to be enrolled into the trial soon.
4) The technical sell off from the very recent high of $3.15 is currently at 21%. A big sell off when the announcements have been positive.
I think watch for a break higher then buy for a recovery ride. People will get home tonight open the paper, look at the VCR price and think gee it looks cheap again.
Any other ideas?
VCR
ventracor limited
