Picked up some CGP today, I liked the fact that it is holding...

Picked up some CGP today, I liked the fact that it is holding steady around 4c after pulling back from 4.7c - 3.6c, looks to me that it may be sitting on support.

The other thing that i have noticed is that there aren't too many biotechs/healthcare stocks with market caps of $12m. I remember CDY ran up to $33m market cap @ 5c.

So my point is any biotech that has a good product behind it rarely stops just above $10m market cap. I would also expect CGP to go to at least $20-$30m market cap that would be a normal move in this current strong biotech market.

All you have to do is look at how the market is currently valuing biotechs...

DYOR