Sep. 9 at 8:09 PM
$CRBP Solid -16% down day in anticipation of Phase 1B readouts in the coming days. Smart profit taking by those that have experience playing this company. Odds overwhelmingly point to a huge sell off regardless of the results. Only above expected results will see a day of green. With any luck, bad retail investors get wiped out, as they always do here, and this can go back to the
$7 loading range.
Remember. Bad readouts mean 50% drop or more. Good/expected readout results in a sell the news event, dropping it 20%-30%. Only an above expected readout will result in the ticker going green and it will be a big one.
Odds point to a good/expected readout. Real traders sold in the
$10' &
$11's, locked in profits and are ready to buy the panic dip. Amatuers will sell for losses in the low
$9's-
$8's
$7's then chase it high in the
$10's. Amazing how history always repeats itself.
