CXM - Cardium Therapeutics Inc - Page 9

Nice break above the 50

I agree. And considering the massive selloff this afternoon, held its own.
Will be watching Monday.

Wednesday December 30, 2009 1:12 PM PST

By James E Brumley
Despite the fact that the market's in the red today, a few stocks from the small and micro cap end of the scale are actually hinting of upward moves. Perhaps investors recognize these smaller names may better resist and otherwise-bearish environment. Regardless of the reason, EnteroMedics Inc. (NASDAQ:ETRM), Cardium Therapeutics Inc. (AMEX:CXM), and Clarient, Inc. (NASDAQ:CLRT) all look like strong - albeit speculative - buys at this point. Here's a closer look at each one.


Cardium Therapeutics Inc. (AMEX:CXM), like EnteroMedics Inc., is another breakout I believe in.... one that's still got a lot of meat left on the bone. Today's 9% pop doesn't even come close to challenging prior levels, though it did shake the stock out of a rut - for the better.
Kudos to CXM for stopping the bleeding in early December; flat is better than falling. However, flat movement isn't quite enough to inspire new buyers into a position. That's changed today though. After having several weeks to regroup, the bulls have managed to full push Cardium Therapeutics Inc. out of a downtrend, and have likely started a new uptrend.

It remains to be seen if Cardium Therapeutics can actually follow-through on the effort. If it does though, a couple of strong days will actually get the ball rolling for what should be a couple of strong weeks (the stronger it gets, the more buyers it should find). I'd say if CXM can close above today's close on strong volume again anytime in the next few days, the stock is a great breakout candidate... well worth jumping into as a rebound play after October's drubbing.

Look like CXM going to fly tomorrow a lots of information in the net about ...Every body say that CXM will go up, any way i will put some money inside.

CXM PICK BY TOMMY GUN

WHO IS TOMMYGUN..? I READ IN OTHER FORUM HE PICK CXM FOR THIS WEEK

I'm unsure about this stock.

I'll buy tomorrow

Any way i will put some money inside CXM.. TECH LOOK GREAT FOR THIS WEEK.

To reiterate:

1) risky starting a posn before a close > .75
2) risky having more than a 1/3 posn before weekly close > 1.00 when the real momo will build after a heavy volume week. Spec buyers may turn into longer holders than they intended if you were buying this morning.

hopefully you guys didnt buy in....


Cardium Reports on Exchange Listing With NYSE AMEX
PR Newswire

SAN DIEGO, Jan. 4

SAN DIEGO /PRNewswire-FirstCall/ -- Cardium Therapeutics (NYSE Amex: CXM) reported that it received notification from the staff of the company’s current listing exchange indicating that the company is currently considered to be noncompliant with certain listing requirements of the NYSE AMEX LLC. Based on the company's quarterly report on Form 10-Q, which was filed on , noncompliance was noted with respect to the requirements for minimum stockholders' equity under section 1003(a)(i) of the exchange’s company guide with stockholders’ equity of less than $2,000,000 and losses from continuing operations and net losses in two of its three most recent fiscal years and section 1003(a)(ii) of the exchange’s company guide with stockholders’ equity of less than $4,000,000 and losses from continuing operations and net losses in three of its four most recent fiscal years.

Last Update: 1/4/2010 5:57:00 PM
Cardium Reports on Exchange Listing With NYSE AMEX

SAN DIEGO, Jan 04, 2010 /PRNewswire-FirstCall via COMTEX/ -- Cardium Therapeutics (CXM) reported that it received notification from the staff of the company's current listing exchange indicating that the company is currently considered to be noncompliant with certain listing requirements of the NYSE AMEX LLC. Based on the company's quarterly report on Form 10-Q, which was filed on November 9, 2009, noncompliance was noted with respect to the requirements for minimum stockholders' equity under section 1003(a)(i) of the exchange's company guide with stockholders' equity of less than $2,000,000 and losses from continuing operations and net losses in two of its three most recent fiscal years and section 1003(a)(ii) of the exchange's company guide with stockholders' equity of less than $4,000,000 and losses from continuing operations and net losses in three of its four most recent fiscal years.

The company previously reported that it received a notification from NYSE AMEX LLC on December 23, 2008 that the company was considered to be noncompliant with certain of the exchange's listing requirements. On January 22, 2009, the company proposed a plan to the exchange to regain compliance with the listing requirements. On February 17, 2009, the exchange accepted the company's plan and, on July 24, 2009, the exchange advised the company that it had regained compliance with the minimum listing requirements. However, the exchange indicated that the compliance plan would remain open until the company demonstrated compliance with the exchange's continued listing standards for two consecutive quarters.

The notification received from NYSE AMEX LLC has no current effect on the listing of the company's shares on the exchange. Rather, the company has been afforded the opportunity to submit a supplement to the compliance plan the company first submitted to the exchange on January 22, 2009, pursuant to which the company would establish compliance with the requirements of section 1003(a)(i) and 1003(a)(ii) by June 23, 2010. The company must submit the supplement to the compliance plan to the exchange by January 27, 2010. If the company does not submit an acceptable supplement to the compliance plan to the exchange or does not ultimately reestablish compliance within the required timeframes, then the exchange would be expected to initiate delisting proceedings. If the company's common stock was ultimately delisted from the exchange, it would be expected to trade on the OTC Bulletin Board, a regulated quotation service that provides quotes, sale prices and volume information in over-the-counter equity securities. The company's common stock was traded on the OTC Bulletin Board until July 2007, when the company elected to instead list its shares on the American Stock Exchange.

Moving up good today... In at .67

:cheers: lets make this happen! GLTA

Half a million in first 45 minutes today.

Thanks for pointing this one out the other day Bigcat.

why bid/size is .0073?

now its .72!

FYI

http://community.smallcapnetwork.com.../mid/3/id/166/

off to a nice start.

+ 8%.

nice close... +9.5 % today.

CXM is testing the top VBP range support and short-term trendline support at ~.69; might start a position here...

thanks for the chart. GLTA