May. 12 at 1:28 PM
$CLNN Since this stock still hasn’t been widely discovered by institutional investors, retail trading is having a major impact on both sentiment and price action. Are you guys buying/adding here or selling?
Personally, I’ll be accumulating slowly over the next few weeks — not aggressively, but steadily — until Chidozi finishes selling. From what I understand, he already completed his scheduled selling, but still has around 200k shares remaining.
In my opinion, if he hadn’t been dumping shares into the market, this stock would likely already be trading above
$10 by now. His continued selling pressure has clearly weighed on momentum and sentiment.
That said, this could actually be a good opportunity to gradually absorb those shares because once that overhang is gone, the float becomes extremely thin, making it much harder to accumulate at these price levels. I’m looking at this period through the end of May as an opportunity to build a position slowly. what do you guys think?
