Again, BE CAREFUL! Stocks form bottoms due to a few reasons; Bad times, or because they are a POS. EDVP seems to be in the latter category. I have seen stocks like this go right to sub penny.
When playing a pincher, look at the whole company. You will notice that pharmaceutical companies usually are great pinch plays. They get a bad clinical trial, and the stock takes a nose dive. After some stabilization, there is a nice pinch, and it is only a matter of time for the stock to make a pop. Same goes for companies that maybe had a lousy quarter or had a deal go bad or something. They will always get hit in the short term, but eventually they come back.
Just my 2 cents. I hope you make a bundle on it!
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