General Comments
I am glad I stumbled upon this stock. I bought it with
the intention of a 48hrs mention, which most people don't
realize they are working with Advanced Cellular Technologies.
Since it did not gap up on Friday, several of my daytrader
friends sold first thing in the morning and moved on to other
stocks. This is my opinion why it dropped to 5 3/4.
Usually I would have sold too, but after researching the company
I decided I liked it too much and decided to hold for the short
term. I also like buying stocks after a recent earnings release,
cause I don't like holding stocks over earnings [ yes, i'm on the
sidelines on ABTX until earnings come out planning to buy on a
quick spike in weakness somewhere in the $10-11 range, hopefully].
Since earnings are released, the only type of news to be released
next would be new alliances or product updates. Also, on Level II quotes, a certain market maker, is accumulating shares. Whenever an ecn would jump in front of him on the bid, he would wait a little bit and then jump in front of him with a very large bid. He pushed it up
from 5 3/4 to its present 6 1/8. I too was looking at the schocastics
and noted it being oversold after Friday's sell off. How long do you think it will take to get to $9?
Transgenics is quite a new concept that many people don't even know
about. This is certainly one to watch for developments going into
the next decade.
Regards,
S.W. |
