Posted by: I485 January 5, 2014
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CBMX is on strong watch list tomorrow. Longwood Capital Partners acquired a 5.1% stake in the microcap molecular diagnostics company, filing came after hours on Friday and stock jumped +12% in moderate volume.
Longwood capital invests in biotech companies so they should have done solid DD on this one and bought half million shares. Also, there's a pretty good short percentage in this stock and the float is not that big. NASDAQ showed CBMX on reg sho list so this could trigger short squeeze also.
Longwood capital invests in biotech companies so they should have done solid DD on this one and bought half million shares. Also, there's a pretty good short percentage in this stock and the float is not that big. NASDAQ showed CBMX on reg sho list so this could trigger short squeeze also.
on watch: CBMX