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Re: 714trader post# 223

Tuesday, 03/31/2009 7:24:23 PM

Tuesday, March 31, 2009 7:24:23 PM

Post# of 3318
Yes..... congrats to you guys on cashing in on La Jolla. I also got in & out of that one with good gains:)It is definitely true that these are different markets than what most are common too. LJPC is a great example of a worthless company who's stock plummet from $2.50 to 0.04 because their one and only pipeline drug didn't pass FDA approval and that's the only significant thing that they had going for them. Just when you thought it was dead & worthless,(which it should have been)investors pushed it from 0.04 to .34 for absolutely no reason what so ever. To tell you the truth I'm surprised to see it keeping a lot of it's value so far on it's last run up.

My point is that when you have a beaten down worthless company such as LJPC make a ridiculous rebound on no news or speculation, then anything is possible in these markets. Take CTIC also another good example.

At least SPSN has value to it for a potential buyout which just on speculation can drive this up like mad. Enjoy the run....I'm sure it's going to be quite the ride. IMO