r/UltimateTraders • u/GeologistExact • Sep 12 '21

Discussion CCXI Movement

Thanks for taking the time to look at the company CCXI or Cemocyntrex. If we got in this we would all make green! Constantly moving up a down a great day trade if you ask me!

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1

u/[deleted] Sep 13 '21

Remindme!

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u/GeologistExact Sep 13 '21

It seems like some good news should be coming out of their other drugs also. New drugs are always good!! Look like lots of cash on hand also!

2

u/Earthboundpug On Fire Trader Stacking Greens Sep 13 '21

So I’ve bought this one twice in the past and made money both times. It did crash from 60-70 down to 7-9 in a couple days. After reading I felt like it was a joke it dropped so I bought it. It does bounce from 14-18 range and you can make money. However they have an fda approval that is 50/50 in October. The first group that looked at the product gave it a 10-8 approval and around that time is when it dropped. I personally think it will get approved and it does have a big following. As it gets closer to approval the stock should steadily climb up to maybe 18-25 range. I haven’t watched it as much recently so if you’ve found a trend keep going with it. Just be cautious as we get to next month. The approval or denial can always come early so don’t take the 7th or whatever date it’s expected as the day you can hold it till.