In my opinion the current price action means absolutely nothing. Trying to read tea leaves from the current technicals seems to me to be equivalent to counting the few pennies left in your pocket looking for clues of the future, after you already put all of your money out on the roulette table.... might as well just wait for the ball to drop.
This company will go through a massive revaluation (for better or worse) after STAR data is out. I'm sticking with my call for this coming Monday, July 10th.
Anyone got a prediction for whether Adam F will write a hit piece on us as soon as the data is out? If the past is any guide then I feel like we have that to look forward to, even with extremely strong data.
Adam F will find it hard to dispute excellent data and he does say positive things about companies on occasion. It all depends on whether is "friends" get caught short and need his help. I believe the last time he pounded the table against Cytori was after the Lorem deal. He was right about KT Lim, but wrong about the upgraded Celution system. BTW, the name of the new system is: CTX1 or perhaps CTX One. I am not sure which way the "one" will be written. They are downplaying the device side of the equation to emphasize to the market that they are a drug company selling Habeo Cell Therapy approved by the FDA as a drug. (jumping ahead time wise, of course).
However the last time I remember AF on a positive call was DCTH sometime ago and if I remember correctly it was in the $8 area at the time. Its been ripping lately up to $0.157 at last quote....LOL Yes its a fifteen cent stock now !!!
Who knows if he comes out of the woodwork again.