(Nasdaq: KERX) Position opened at .65
Stock had a major haircut, looking for a bounce play.
edit 11:10am est
At December 31, 2007, the Company had cash, cash equivalents, investment securities and interest receivable of $64.7 million. 43.6 million shares outstanding.
I’m thinking the risk to reward at .65 is decent. Watch % gains, don’t be greedy:)