Welcome To The Nuvo Research HUB On AGORACOM

Pennsaid will take the pain away!

Free
Message: Moment of truth, currently at 38 cents as of Sat. Aug. 1st.

Moment of truth, currently at 38 cents as of Sat. Aug. 1st.

posted on Aug 01, 2009 03:26PM

Well here we are on Saturday, August 1st/2009 and we are trading high volumes everyday and holding currently at 38 cents per share as of Friday's close. A coulpe of weeks ago, it was at 46-47 cents and we had a sell off with a pull back to 34 earlier this week, as a result of some people probably taking some stock off of the table due to the rick uncertainty associated with a new drug awaiting the FDA decission, as nobody really knows what they will decide, but most likely a positive outcome, but I remember the last one was supposed to be a shoe-in as well. You just don't really know! Therefor you have a lot of people lightening their load.

It also appears that most who wanted to sell some off have done so now and the buys began to build again on Friday as many will buy looking for a quick piece of the action!

Watch for Tuesday to be a good day with a strong close as the August 5th announcement will fall on the Wednesday and should be very exciting! This should be a fun week ahead! Cheers!

Share
New Message
Please login to post a reply