xmas gift selling, page-2

When I made the following post on Monday the last price for CST was $3.23.

Closed today at $2.96.

Still a healthy clip above the placement price of $2.40 but does demonstrate how issues substantially below market can destroy a share price (for a while at least).

Even more disappointing is the fact CST last traded at $3.18 BEFORE they received FDA approval.

Hard to see the decline stopping before either (a) it does hit $2.40 or (b) they get Japanese approval.