Biotech Values

[Biowatch]

OT Re: ALNI Yes, nanotech hot buzzword in my opinion.

When I thought they were giving away their phosphate binding drug for kidney disease for a song , I didn't realize that their getting a "breakthrough" on new battery technologies would send the stock up >120% yesterday on 59 million shares traded, and drop it >7% today on 101 million shares traded. (I guess daytraders don't like holding over the weekend.) Per Yahoo, they have ~50 million sh outstanding...

http://finance.yahoo.com/q/bc?s=ALTI&t=5d&l=on&z=m&q=l&c=

http://biz.yahoo.com/iw/050210/080729.html

>>"The nanomaterials Altair is developing are the next generation of electrode materials for lithium-ion batteries and Altair's research and product development is laying the ground work for a new generation of ultra high power lithium ion batteries," commented Dr. K. M. Abraham.<<

I suspect that the future applications won't translate into near term profits, so the stock will probably pull back further, and the volume will drop below 50 million shares per day.