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Strategies & Market Trends : January Effect 2007
IWM 247.32+0.9%Nov 26 4:00 PM EST

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To: Q. who wrote (89)2/12/2007 7:14:43 AM
From: RockyBalboa  Read Replies (1) of 94
 
Maybe we see some of the effect lasting till now.
After a yearlong fade ONXX was pounded in early December but saw good buying at mid $10 thereafter. It took a little bit longer than January until they were ready to post good results on their recent trial for the cancer therapy. The stock is now bidding 18.

This is odd. The company doesn't appear to generate any meaningful revenue on the drug which is already licensed in 50 countries for another therapy...
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