Buy at around 14 - good news broke
Posted by TraderTom on :
Thanks for the tip, Art. I got in at 13.60. If they really have an agent that eliminates the prion that causes mad cow disease, that's really great news, since the prions are extremely hard to get rid of.
Somehow the market hasn't caught up completely with the good news, but the hourly chart shows a nice symmetrical triangle over the past 5 days. We closed right at the apex - let's hope the triangle will work its magic tomorrow!
[This message has been edited by TraderTom (edited February 24, 2004).]
Posted by Art on :
Stock was at slightly over 14 when I posted.
Can't figure why it didn't soar.
Until now there was no solution for prion infection, which causes dementia progressing to death in humans.
I would think GCOR has something good here.
Posted by TraderTom on :
Art: I may finally understand why there wasn't a larger pop upon the news about the mad-cow disease story ... GCOR is actually a $300 million company, so adding some revenue from the mad-cow disease agent may not make a big difference for their bottom line.
I didn't bother to check them out earlier since the float appeared to be very low ... next time I'll do my DD first
