bruce: gnbt is a canadian biopharma that only trades on the nasdaq. It's a birdflu and a diabetes play. ie an effective avian flu vaccine and needle free insulin delivery system because they have an inhaler technology.
I bought it on wednesday at $3.60 and sold it on thursday in the $4.40's when it was starting to have a spectacular intraday crash. It closed at $3.71? on friday and had a nice bitchslapping in afterhours trading on friday.
I like gnbt long term cuz the 2001 high is $20 and I think it will go that high again eventually. Short term gnbt sucks cuz I've never seen a stock that had a super heavy volume down day that didn't take months to break through to higher highs.
I've got lvlt pegged as probably the next nasdaq hot stock. Maybe gigm and xoma too. xoma was hitting brand spanking new 52 week highs on friday.
Go looking at the nasdaq premarket & aftermarket most actives to find the next possible hot stock. If you see a stock there twice it's probably going to be the hot nasdaq stock du jour.
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