Tengion Inc. (TNGNQ)

[ridinbulls]

They are not expected to release data on this trial until September....

http://clinicaltrials.gov/ct2/show/NCT01087697?term=Tengion&rank=8

Not sure why the sudden movement unless conference caused it or something leaked. The company's mkt cap is tiny only due to the minimal funds but they do have Celgene backing them. This is a pure lotto play for me due to the company history. Celgene backing the company and keeping them from filing bankruptcy tells me they see some value here, however the market doesn't appear to agree. Could work out to be a great play but I don't see anything materially to cause a rise until later in the yr. Therefore my holding here is small until it's closer to that catalyst.

GLE