Interesting tip. I added it to my watch list & will keep an eye on it.
Another one to keep an eye since it looks like you like penny stocks is CPRX. Another biotech that specializes in addiction pills.
CPRX was fast-tracked by the FDA to give results at the end of September for Phase II results of their cocaine addiction pill. The stock was around 2.00 then they had a stock offering at 1.50, before the results they were to give. To me, I took that as a bullish sign and bought in at 1.50 and 1.33 after the decline of the offering. I rode it up to a little over 2 and made good money. Luckily, I got out before the results were announced.
The results were announced and they were delayed until November. I quit following after I got out so I have no idea where they stand now.
One thing I have learned in the short time I was trading, is sell before the big announcement. Ride the runup, sell before the big event. In the biotech sector anyways.
I mention this one because a runup could be in store into November.
Another one that will always hold a special place in my heart is ARNA and its fat pill. Made really good money on it back in May and June. It is still awaiting DEA approval and the pill should hit the market at the beginning of 2013. Another buyout candidate here.
Also, a good place to see what others are doing, thinking, etc. is Stocktwits. As with any online message board, you have to sift through the shite to get some good info, but it is out there. Fat Wallet has a "Individual Stock Discussion thread" as well that is good. A lot of options traders over there so they lose me a lot of the time, but also some good posters over there. David Scubadiver, posters name over there, has really good info and has done really well if you track his trades.
*DISCLAIMER* I have no position in any of the stocks mentioned above, nor am I a financial advisor, I actually make maps for a living.
This post was edited on 10/2 at 9:12 am