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Wednesday, February 24, 2010 9:42:55 AM
I do not wish this to happen to ANX, btu wanted to post this for others who may like to day trade or take risk on a shear drop and then possible rise - but could still fall more. I do not wish this or expect this on ANX.
Just wanted to pass on something that happened to NVLT this morning. The stock closed yesterday @ 1.65 after a nice rise in the day. This morning the news out was that NLVT Trial Does Not Meet Primary Survival Endpoint with FDA.
The stock opened on a huge loss this morning. I was able to buy in at .30, so I am hoping that this will be a nice bounce here. It could turn out to be a lose and fall into the teens.
Anytime a stock falls 75-80% in a day, I like to look at doing a daytrade with it, or buy possibly at end of day if it keeps falling and expect a pop in the next morning trade, possibly even in pre-hour trading.
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