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Biotech / Medical : 2011 Biotech Charity Contest -- Ignore unavailable to you. Want to Upgrade?


To: A.J. Mullen who wrote (228)7/6/2011 1:43:31 AM
From: Jibacoa  Read Replies (2) | Respond to of 400
 
Thanks for the information.
I remember having looked at the company before, but don't recall having done any trading on it. <g>
I think that it showed up on some screens last year on IBD's "Top-Rated Stocks Under $10", when its RSI was rising as the stock moved from the $4 level in early October to $7.97 by mid-December.
At the time I didn't like the fact that although revenues were better and it was trimming its loss, the insiders were selling. <g>
Now with the RSI in the 50s, the insiders continue to sell after exercising their options at lower prices,<g>

With the ACTAY at $8.43 I will keep it on a WL.
But Thomson-Reuters EE are for still a loss around $0.22 this year and $0.04 on the black in 2012
And in spite of the good spike on Friday, it seems that the stock needs to close above the June H of $6.44 before getting off the DT coming from its December H
I am also on an standby waiting to see if the market will not change its present UT in spite of the situation in Europe and the problem with the debt ceiling.
It doesn't look as if much progress will come out from the scheduled meeting at the WH on Thursday.

Bernard.