I just added to my position.
Tight trading has been the norm, but I expect that to abruptly change with a huge surge.
The new scam in town and maybe it is not new but I am suspicious that lawyers are hooking up with traders to run the stock price down through fear manipulation.
Impax Labs (IPXL), Zogenix (ZGNX) Rise as FDA Won't Block Generic Opana (ENDP)
3:32 PM ET, 05/10/2013
Impax Labs, Inc. (NASDAQ: IPXL) and Zogenix (Nasdaq: ZGNX) are active as the FDA denied a petition to block generic forms of Endo Pharma's (Nasdaq: ENDP) Opana.
Monday:
1. Volume of 5,000,000 or more.
2. Zogenix ZGNX on 'Price % Gainers list'.
3. Close over $2.00 a share.
$15-$20 a share.
"If you can't take the heat get out of the kitchen."
The pumping by the Big Boyz and Big Girlz has just begun and now the stock will be moved upward.
The company may explore various strategic alternatives, including a sale of the company or its assets or a corporate merger. The company is considering all possible alternatives, including further restructuring activities, wind-down of operations or bankruptcy proceedings.
My Nokia phone is a piece of junk.
Losers
Question: What did the devil say?
ZLCS (D)
Only 6,653 shares were traded.
$3 immediately easy and the #1 gainer that day, then up, up, and up to $13 a share duuring 2013.
My estimation: As much as six more weeks before any news.