Monday, December 27, 2010

2 Low Float Biotech Stocks set to take off

It looks like RPRX (Repros Therapeutics Inc) and ACAD (ACADIA Pharmaceuticals Inc) are going to continue their run in coming sessions. These stocks were already up 81% and 30% last Thursday but are set to take off once again. RPRX was up on the news of positive developments for its experimental testosterone deficiency drug, Androxal. Read more. Technically this stock is already in Bull's control and I think it is going to hit $4 plus soon. Normally stocks like RPRX gives great opportunities for swing and momentum traders who get in and out quickly but the developments in RPRX's product line looks promising so I think it can be added to one's portfolio as a medium to long term holding.

Coming to ACAD, there is no news about this stock but it has been under heavy accumulation for the last few days and I strongly believe that it is going to double soon.

Other biotech stocks to add to your watchlist, BPAX and CBRX. There is high possibility for these stocks to move up if RPRX and ACAD are able to achieve our targets.

A general Caution and Advise -As I always advise in my posts, Do not chase stocks. please keep in mind that I am not a Stock Market Analyst or an Investment Adviser to count on my recommendations/alerts. As always please do your DD before investing or speculating, start with a small position, always keep your stop losses in place and emotions out. Finally thank me for your profits but do not blame me for your losses because you are the one who pulled the trigger!!!

1 comment:

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Who is Mr.Incredible?

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Mr.Incredible is a Momentum/Technical Breakout player who trades small/micro cap plays and who saw a 600% Growth since 2006, Yes even in this down market. I am going to post my real trades (including profits/losses) soon...As a general caution and advice Please start with a small position and always keep your stop losses in place just in case....As usual Do your DD before investing. Thank me for your profits and don't blame me for your losses because you are the one who pulled the trigger!!!