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Microcap & Penny Stocks : Gator's Picks from the Swamp

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To: Clyde Stone who wrote (117)1/29/1999 2:30:00 PM
From: Gator   of 616
 
Our CELN pick this morning is looking great. In at $0.92, now at $1.30. Be prepared to sell some before the close. Typically see a lot of day traders taking profits before weekends. Also, the stock is only in Phase I trials, it could be a while (still have Phase 2 and 3 to get thru) before FDA approval. Watch the volume, watch the bid/ask. If it stalls, it may be time to sell a portion. Keep a close eye on the psychological sell points (e.g. $1.50, $2, nice round numbers where people might set sell limits). Consider selling a portion just before those points.

Gator
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