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Biotech / Medical : NKTR Drug delivery Company
NKTR 58.00+3.6%Nov 10 3:59 PM EST

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To: ghmm who wrote (378)2/26/2013 1:59:31 PM
From: Arthur Radley  Read Replies (1) of 507
 
Has been a strange day of trading---moved up and then down, but as I write it is now above morning level and volume seems to be building. Chart is looking good for a breakout--but the $9.50 level seems to be the resistance level--so we need to break above $9.50 on improving volume. Q conference call coming up on Thursday should be interesting! Fingers are crossed!

Put your radar on CLDX----I started buy recently at the low $8.00 level. I finished my allocation to a particular stock by buying this morning @$9.08 level. Put down on your calendar for upcoming Q call----they promise an update on one of their drug candidates. They recently did a secondary offering---and the stock deal a rarity........it went up above the secondary offering price, when normally a stock trades down on secondary offerings.

I believe that there is going to be more consolidation in the pharma arena--CLDX would be a prime candidate(IMO)
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