Have you ever heard of a small biotech co called Entremed?
It seems that they have had their information fully published in the medical community for over a year. It further seems that some mutual funds had been quitely accumulating shares of their stock without fanfare. And at about 4 to 6 bucks a share.
Then all of a sudden a few weeks ago some reporter at the NY Times goes and does a small story on the company. (I think it was a guy by the name of Macker, or something like that,) well any way, the story was published in the NY Sunday Times. Told everyone about this "old" information. No new breakthroughs or anything like that.
Well, what do ya think happened to the share price on Monday morning when tens of thousands of investors that never heard of this little company got to their broker? Closed today, 3 weeks later, at about 26.
Well SGNC is the same story, just no NY Times article. Same company, but some good news expected, that didn't even happen with ENMD, and now hundreds if not a few thousand more people know about SGNC. It's known as the ... well I don't want to bore you anymore. I have a feeling you get the idea. Even if you say you don't.
Oh, by the way, what is the name of the Canadian brokerage firm that you people are supposed to be using? That story about you guys is true isn't it? Why else would you make thousands upon THOUSANDS of NEGATIVE & INNUENDO LACED posts to stock bulletin boards about stock that none of you have ever owned. You just "borrowed" the shares, right?
Rich |
