Better get in now, Joe, the momentum's on slow burn. Bid/ask right now is at 10 1/2 by 10 5/8, and I watched as the MM (it used to be Olde, not sure now, maybe Stern Agee has joined them) sold 20,000 at ask without budging the spread.
There can't be much left for sale (and this is total speculation on my part). I would think any coverage, even by a little guy, or any leaks of takeover inquiries by a major pharmaceutical (I've heard specualtion on J&J), would be enough to crank this one up fast. The float is very small, and biotechs that are making a steady base profit are a rarity. |
