XOMA, a biotech, has been around a long time, and has seen dizzy heights and very low lows. In the last few weeks it received some positive news and jumped from a dollar or so to over $7, a true five bagger.
Today, it dropped to below 6. Biotechs are known for big moves, but this is ridiculous. Keep an eye on it. It's very likely to explode again after it settles.
Disclosure - no position, but looking at it.
Friday, January 7, 2011
Thursday, January 6, 2011
Rare Earth Metals
Don't know anything about Rare Earth Metal stocks? That didn't stop anybody else from buying. Momemtum is the key to this trade, and the momentum is gone from these, at least for the moment.
I sold, and you should too. You missed the five bagger on this one if you are getting in now.
Names in this space include
AVL
REE
Disclosure - No position as of posting date.
I sold, and you should too. You missed the five bagger on this one if you are getting in now.
Names in this space include
AVL
REE
Disclosure - No position as of posting date.
Subscribe to:
Posts (Atom)