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CARA - Calls A Much Safer Way To Buy Cara Therapeutics
Cara Therapeutics Inc.
Since I wrote my bullish call on Cara Therapeutics, the shares have absolutely collapsed. I thought I'd revisit the name again to see if I should add, hold, or sell.
The company reported earnings, and the same trend persists: the company sells more, and loses more, and this trend needs to be reversed.
I think call options are the best way to play this. They give most of the upside, at a fraction of the cost.