The biotech sector is down these last two days. And I expect to see it drift down further more the next couple of days.
XOMA was lucky today escaping the sector slaughter. But I'm still waiting for a better time to pick up some more shares.
ASTM will continue the downhill slide. It will hit 4, 5 range very soon.
CRDM will continue its bullish run during the remaining part of this week and early next week. We still have not seen the end of it yet.
I don't know if you like it, but I picked up 4000 shares of PAGE on last Friday at 3 1/2. Today, it closed at 6. Looking for 7 or so before week's end. PAGE is a typical pump and dump stock during the past two months. But this current run is purely based on speculation of a buyout by PALM. PAGE has an unfavorable merger agreement with Arch, but it is never approved by bond holders. And some big guy can pay $40 million to bail PAGE out the deal with Arch. But, you must have your stomach to take the losses on PAGE before thinking of buying any shares.
Page is OK-my son bought in the twos. ASTM is very speculative- I bought about 46,000 shares around 5/8 and unloaded all on the way up. I came by Ann Arbor and I am similiar with them: very speculative. Stick with XOMA-this is a winner with good fundamentals.