Biotech Values

[urche]

GTCB--interesting observation

GTCB: Anyone notice that GTCB is now, officially, a "penny stock?"

I think the more interesting and perhaps worrisome trait of the GTCB chart is the 2+ month floor at $1.

http://finance.yahoo.com/q/bc?s=GTCB&t=3m

This suggests to me that someone with a huge appetite for GTCB shares has been buying everything available for $1 since March 8.
This is presumably bullish for the long term. But, I worry what will happen short term when that buyer(s) stops accumulating. We may see a sudden drop reflecting the prolonged support at $1.

Accordingly, I have lightened my GTCB holding by 20%, in hope of rebuying at a lower price.

urche