The float is tight, no doubt. This really adds to the potential volatility. LXRX can be sitting @ $3 one minute and cruise right back to $5 easily on good news.
My plan has been to watch for a solid bottom, double bottom at the moment. I like watching the charts but they mean squat if the right news hits. Thinking this bio is an excellent target for big pharma.
Anyway, I'm looking to take a more solid position soon. See if $3 holds or it dips below.
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