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OXiGENE OXGN

"OxiGene Inc is a biopharmaceutical company. The Company is engaged in the development of vascular disrupting agents, or VDAs, for the treatment of cancer. It is currently developing two clinical stage investigational drugs, both VDAs- CA4P and OXi4503."


NDAQ:OXGN - Post by User

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Post by david39on Jul 20, 2010 6:41am
295 Views
Post# 17280873

OXGN

OXGNPeople wanted to quickly talk about OXGN because it is a good lesson on knowing when to take your profits. People exited most of our position on Thursday when the stock hit a high of
.40. That represented a strong resistance point. However people did have a small position in case the stock managed to break that level. But the price action in the last few days is an indication that the stock could struggle to make gains in the near-term. The lesson all traders must remember is to take their profits. An unrealistic gain can turn into a realistic loss very quickly.
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