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Why I Bought 5,000 Shares Of Cara Therapeutics, Inc $CARA

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Money Talk > Investing, Stocks and Bonds

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inthemoneystock
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Why I Bought 5,000 Shares Of Cara Therapeutics, Inc $CARA  Reply with quote  

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.



Gareth Soloway
InTheMoneyStocks
Post Mon Jul 10, 2017 6:51 pm
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oldguy
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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!
Post Mon Jul 10, 2017 9:06 pm
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NinaGood
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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]
Post Wed Sep 13, 2017 8:57 am
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