I don't know whether my comments will add any cold comfort for you long term holders in this stock but it does seem to me that it is time to just knuckle down, grit your teeth and hold.
Biotechs are totally and absolutely out of favour and I suspect CST (profitable and debt free and 100% owners of their product) have been thrown out with the bath water known as "non revenue-generating biotech start ups".
FOr those of you who have done their research, and understand the ins and outs of this business...this is probably a case where you know more than the broader market and need to keep the faith.
I have no idea when the markets will return to normality but fear still rules the roost at present, and so biotechs ACROSS THE BOARD have been trashed.
If the numbers being reported are right; the Research is accurate and all the other factors are lined up correctly...there is nothing you can do but sit tight and wait for the market disconnect to correct itself.
Sometimes...the markets do get individual situations wrong (or even just overlook them).
From what I understand, CST is the sort of stock that could bounce VERY strongly if the markets ever become attracted to the biotech sector again.
Good luck to holders.
Coop
CST Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
