You can drive a truck through the spread. Last time I had a big position, like I do now, it ran into the 1.45 range.
That was hard to take.
The reality is since it is a bb issue, and a thin one at that, it gets no play, but as we know, things can change fast, and I can wait until they do.
I like their technology, and since health care costs are increasing at an avg of 16% a year, all the bio/medi/surgi rat stocks are on the "accumulate on the cheap" list.
The caveat is the t/a is awfull, but part of that is due to how thin it trades, part because they aren't making profit, and part because no one cares....
BTW, the managment at Trinity are on the ball, they have a plan, and I expect it will be a nice ride.
And look at CTAC...I wish I owned some long....
60% of the float has been sold short, someone is screaming after todays squeeze! Ouch. |
