Post by
CGPlanner on Aug 25, 2009 10:58pm
Will gap fill?
That is the question, however, if it breaks $2.10 it may be free to go to $3 because the fundamentals are now strong. Bio-tech stocks are known to go straight up and not return, and of course straight down and fizzle. The fundamentals once again are very strong. Do your own DD. I do agree that chasing a stock is not the best approach either. The 20 day MAVG is below the 50 day MAVG indicating upward movement. THere may also be some retracement as there was throughout the day and then higher highs. I guess we will all see in time. The long position on this is very postive and the question we will all entertain is "Will there be a buy out?"