I just bought into BIOD last week at $4.40 and love the potential it has from the research I've come across, definitely holding it for results in September. What other high potential micro cap/small cap stocks do you guys recommend I take a look at and would love to hear any tips/ideas you could give me on what else to possibly get into right now in addition to BIOD.
As another poster suggested, ATRS is a for real stock ith great potential. Others I can suggest with high confidence are ARRY, IMMU, OPK, PSDV, THLD. These are all stocks with products that are in advance stage, none are little #$%$ pump and dump stocks. They sell for from about $4 to $7, so are still low priced.Any one else here in any of these?
You are right, BIOD has an enormous amount of potential. And I don't think the results in September are a high hurdle. So we should have a lot of upside the next 3 months.
In terms of ideas, here is one that in my opinion represents the same kind of potential as Biodel, but maybe less risk. CMXI. 45 cents, but this is a real company that has a significant event starting in the next few days. Medicare is going to start processing reimburesment claims for their chronic wound product, Autologel. This will drive sales tremendously and always does in this space (see Dermagraft, Epifix, etc.). But I follow this closely and there are potential partners that have been waiting for this event. I believe the company signs a huge distribution deal in next few months. I think CMXI is worth at least $2/share very soon. That's a pretty big leap from today's price. I own a lot of BIOD and CMXI.
Don't mean to be abrupt but any 45 cent stock (esp OTC) with no real earnings and 105m shares outstanding is no deal. At the very best, look for a reverse split and then, if you really have to, buy after the split. Which I speculate will happen....