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Biotech / Medical : ADVENTRX Pharmaceuticals Inc (Anx)
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To: ggamer who wrote (156)6/4/2007 10:30:29 PM
From: Keith Feral of 418
 
Mutual funds already have some small positions, but it is nothing in the big scheme of things. Once the stock goes into play, all the funds will be much more open to buying new positions at higher prices. Same goes for analyst coverage, everyone will be more apt to pick up coverage when this stock goes on everyone's radar screens.

Great volume today, though. I think that hedge funds and private managers will be the first ones to increase their positions. Later on, mutual funds and day traders will start picking up positions when data and partnerships are announced.
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