Acadia Pharmaceuticals Inc. (ACAD)

[ralfalf]

Yes ACAD looks good for sure. The float will actually be just shy of 52 Million next week but now they have the $15 Million cash to move forward. These low floaters are something I'm trying to stick with.

Again the similarity to ASTM stands out. ASTM was just 29 Million OS prior to their PP in December but still only 39 Million now after raising $22.5 Million cash.

Both seem to be on track to do very well this year and it would probably wise to split my money between the two. It will be interesting to see how each trades tomorrow in respect to how it traded today.

ACAD traded 80% of it's volume in the first 2 hours today with no real follow through volume wise or price wise, although still a very respectable close. Also down slightly after hours.

ASTM just sort of grinded it's way up on fairly steady volume and actually had good volume into the close and closed just shy of the highs and up a tad after hours.

I try not to read to much into that stuff though with manipulation being rampant in all markets. Still nice to keep an eye on it though.

Go ACAD !!

(might want to take a peak at COCO as well)