MediciNova, Inc. (MNOV)

[Minding]

It was a smart move, Steve. Not one I made but I wasn't around most of yesterday anyway. I'm ok sitting in a few stocks I own; not trading in and out. MNOV is one.

My friend Carl had this to say:
I have a large position in MNOV. I would normally be a seller into today's news. But there is the potential for more news over the balance of the year that could have an enormous positive (which also means negative impact if the numbers are not good) so to answer a few emails, I am not a seller. But if they are good the stock could soar to heights not expected, so I am not a seller. The news today is nice, but not critical to the future of the company, it is one small positive step. Medical tech stocks are the hottest in the market, and they could easily remain so for a very long time. The results of years of research are being released daily and the psychological impact on stock prices will remain dramatic as traders try to figure out which stock has the potential of hitting a home run. Note how the stock ran up to resistance that exists at where the stock traded in 2011.