Xechem International Inc. (fka XKEM)

[pennies_101]

Why anyone would have sold on Friday below 7 cents is beyond me. This drug is going to be introduced in Nigeria on July 8th which tragically has over 100,000 children born each year with this disease, Sicle Cell Awareness Day is July 4th and the stock is getting the attention of many institutional investors. Not to mention, the distribution of the drug to other countries in the near future... especially in Africa. We'll definitely see news this week and I believe it will soar higher than anyone could have imagined.

I think the only reason it came down from its highs on Friday was a combination of two things. One was investors getting scared of the drop and cashing out(weak hands). And the other was investors who have been in since the .01 cent range taking the money and running. I think they will be shocked when they see how high XKEM goes and they will be buying in at a much higher price.