| Why I Bought 5,000 Shares Of Cara Therapeutics, Inc $CARA |
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inthemoneystock
Contributing Member
Cash: $ 7.50
Posts: 27
Joined: 12 Jan 2011
Location: New York City, New York
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| Why I Bought 5,000 Shares Of Cara Therapeutics, Inc $CARA |
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I bought 5,000 shares of Cara Therapeutics, Inc. (NASDAQ:CARA) at $12.32 just minutes ago. The reasoning is mostly technical, as the stock chart is hitting major technical support and is extremely oversold. In addition, at such levels and with promising drug candidates, it becomes a possible buyout target for a big player like Gildead Sciences (GILD) and others. In addition, the company is in the pain relief field. Any drug that is not an opioid can make a company extremely valuable considering the epidemic going on in the United States right now.
Please note, I may sell my Cara Therapeutics, Inc. shares at anytime, depending on market/technical signals. My general upside target is $15.00 near-term.
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Gareth Soloway
InTheMoneyStocks
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Mon Jul 10, 2017 6:51 pm |
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oldguy
Senior Member
Cash: $ 751.85
Posts: 3656
Joined: 21 May 2006
Location: arizona
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I'm guessing that it will see $9 before it ever sees $15, that "head & shoulders' formation is pretty solid.
Good luck!
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Mon Jul 10, 2017 9:06 pm |
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NinaGood
New Poster
Cash: $ 0.40
Posts: 2
Joined: 13 Sep 2017
Location: los angeles
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Good luck!
I am planning to invest in Cara Therapeutics, too, the success of this company is huge according to latest report from https://www.newsquantified.com/stock-quote/CARA . It is great I am not the only one who believes in CARA investment potential. [/url]
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Wed Sep 13, 2017 8:57 am |
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