Oddly enough, most bio's and stem's at this stage are considered to be teetering on bankruptcy. All of them are high risk plays.
The highest % jump for a stock in one day that I’ve seen was @@@@* when their test for cervical cancer was approved. It went from .05 at the open to close at 1.29 which was a 2,480 percent gain in one day. I was watching it after a volume alert went off. The ticker ended with a Q which meant it was in bankruptcy. I thought for sure it was a pump and dump. It moved too fast to even look at the news. My order was set at .50 and I canceled it for fear it was coming right back down. Instead, it kept going until the close of 1.29.
I watched it for months in fascination thinking it was running out of steam and never got in. It was at a high of $34 on 3.8.10 only six months later. $34 from .05 was a 67,000 percent gain in six months.
The right news moves a stock no matter the exchange or financial condition. It would have been a really bad one to be short in.
That was the most horrible play to watch get away. Lol
*Anyone wanting to know the ticker can pm me.
In Reply to 'Rawnoc'
What is the present value of a development stage biopharma start-up that eventually goes completely bust like NNVC will?
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