Don't let the daily volume fool you as ANGN has moved steadily upward for the most part from the $4.00-$5.00/share range with less than stellar fanfair. Its a very stealthy type of stock - - - very deceiving. I've seen many similar such occurances over the years. Better grab a good bundle of shares my friend while you have the chance or its soon going to be in the 20's before you realize it. The forces behind this stock are simply too strong to see it turn backward. I foresee nothing but a steady climb upward into the long term for ANGN. Its by far one of my favorite stocks at this point behind my #1 favorite which is ZVXI.
Regarding my concern about management, I did some futher research and see that they have brought in a new group with large-company experience. It looks like this new group has a good strategic vision. Plan to add some ANGN to my portfolio at the open Tuesday.
I would suggest that you not focus on what happened to ANGN back in the 2002 time frame because its not relavant at this point. What is relevent is the brilliant track record they have established during the past 3 to 4 years. I see more of the same for ANGN as future quarters unfold. Its an outstanding investment based on anticipated future growth of revenue and earnings. Once I capitalize on the Moog takeover of ZVXI, I plan to strongly consider taking those funds and dumping everything into ANGN for the long term. I believe we have ourselves a real winner here. Performance records of the type we are now seeing from ANGN will draw a large crowd from the investment community and I fully expect to see the 20's, 30's and more in due course if their stock does not split first. With such a low float, that's another possibility looms in the short term.