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  • colby.bull colby.bull Apr 4, 2011 12:29 PM Flag

    Possible Near Term Events based on CC

    -3 Vote
    0 Advanced Cell Technology, Inc. (OTC:ACTC) On the Progressive Move Again

    By Nelly Shishkova
    Date: Apr 4, 2011
    Advanced Cell Technology, Inc. (OTC:ACTC, ACTC message board) is on the progressive move again. Over the past week, the stock has been climbing up at full speed and last Friday its traded volume jumped over 10 million shares.
    In fact, that's not something unusual for the company. On the contrary, historical records show that ACT has had regular unexpected gains based on optimistic rumors or promotions. Apparently, this time the up trend is due to more rumors and optimistic news, which continue to push up the stock price.

    On March 23, ACT reported it was to be issued broad patent for human ES Cell-derived RPE cells in China. According to the announcement, the company's progress in obtaining patent protection for its RPE program is considered as a testament to the continued recognition of its inventions and a protection of ACT's therapeutic programs technology.

    Being published, this announcement immediately influenced ACTC stock price and the climb began. Though, it seems that the news wasn't the only factor for holding the bullish trend.

    Along with the optimistic press release, traders on message board opened a big discussion about the massive trade. According to investors, something huge is about to happen with ACT. A possible reason for the recent gains appears to be the anticipation of the company unveiling details on its Phase I/II trials in Stargardt's Macular Dystrophy and Dry AMD, scheduled to begin this year.

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