What is the actual number of CTIX shares in f
Post# of 72440
What is the actual number of CTIX shares in float?
Subtract the shares locked up by management. 72.41%
What is the actual number of the float available for purchase?
Subtract the shares locked up by longs who won't sell short of a buy-out.
Subtract the shares held by the $51.53 club.
So how many dollars of buy volume brings us to $51.53?
2,000 people buying $10,000 worth of CTIX is already $20 million dollars. That's about 12.7 million shares bought at today's closing price. Figure less as the share price would be increasing.
What happens to the CTIX share price with just that sort of buying volume?
September had a volume of 12.9 million shares, both buys and sells, and a share price gain of ~ 84%
Buys alone that's about 6.5 million shares, and that was right into a key long term selling zone at $1.
December so far is a total volume of 7.8 million, buys and sells. So about 3.9 million shares bought. It isn't over yet and CTIX has gone from an open of 1.03 to a high of $1.59... so far.
There's just not much opportunity for big money to buy CTIX without some serious price escalation here.
No stunning news really needed to keep this train rolling... just Phase 1 continuing without bad news* and the start of Prurisol trials could give us some very nice price action the next few months...
*Anything can happen, including bad news, so it is always sensible to bet what you can afford to lose and manage your position according to your own plan
(CTIX monthly chart, click for full size.)