Quote Originally Posted by MarcTheNarc View Post
What's with the drop in CXM? It seems like they released good news, is this just a normal pattern before the conference call/webcast this afternoon?

Sorry if I'm asking noob questions, I'm just kind of starting to dip my feet into this stuff.
Not a noob question, this is actually something I explained to some seasoned investors. With stocks like CXM where a big date is anticipated a lot of short term investors play the run up. The idea is buy on the run up, sell on the news. And rightfully so, had you bought last week you wouldve sold with a 40 percent profit. So what you are seeing today is a massive selloff on the news which every investor I talked to said they were going to do anyway, no big suprises. BDSI is another one that did this.

Here's the thing, I form my strategy when I bought, I wouldn't sell short for anything lower than 3 dollars, otherwise my strategy is long term, this is only phase II results released today. With these good results the company moves forward to phase III then fda, learning what I have since I've been investing I'm very comfortable with my investment, the price drop and the future of this company. Patience pays and once the short term investors are shaken off this stock will start moving again.