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ljpc [la jolla pharmaceutical] info:
50% institutionally held.
52 week high: $4.50
chart: http://stockcharts.com/gallery?LJPC [has been consolidating nicely on heavy volume between 1.07-1.14 , the float has been turned over.
Over 3mm shares short
Float:60mm out with half held institutionally
no insider sells for the past 3 months
Last news headline reads:"La Jolla Says FDA Indicates Riquent Is Approvable >LJPC "
No resistance until 1.72.
Do your dd, but i see a nice hard bounce coming off of this area of 1.08-1.14 back upto 1.70.
My computer had virus problems which set me back a bit.
Of course, it could have been an Operator error also.
See that LJPC has sold off a bit on disappointment that the FDA
requested further clinical studies.
Very intigued by this company.
In the end, the question will be whether the Toleragens work and how well.
Once that's established to the statifaction of the FDA, then to a certain
extent, it's a done deal. One can invest with a bit more confidence.
This might be a good one to "premptively gamble" that the FDA
does indeed approve Riquent. Price steadied up today. This is another stock
which to watch the daily trading averages and trading volume.
My guess, is you have another winner here.