InvestorsHub Logo
Followers 32
Posts 3785
Boards Moderated 0
Alias Born 07/02/2004

Re: hornettt post# 2445

Wednesday, 06/22/2011 10:18:24 AM

Wednesday, June 22, 2011 10:18:24 AM

Post# of 7054
Geez, I hate to break it to you but this is a wayyyy sub $2 stock right now.....last I checked it was 1.31....and facing what seems like a massive wall of shares in the 1.30 area.

I have shares, mostly because I'm as greedy as the next guy, but this stock has been in the hands of traders since the first time it breached a buck.

Their technology is very promising, but their approval is for a very limited application. They'll need much more testing for burns and acne, with results weighed up over a much longer time frame.

For the trader, it's a question of $$ for the tests, but it's also the opportunity cost of holding this one for 2-3 years.

GLTY