ENCY
(Nasdaq: ENCY) Opening position at .75, chart looks setup, will see what happens.
Edit 2/19
Position closed +20.33%
Tags: BIO, ENCY
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on Wednesday, January 30th, 2008 at 3:25 PM and is filed under Closed Winners.
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I’m out 3/4’s here, +14.67%
Just feels a little over bought in the short term, however I’ve seen several just climb without looking back. I rather lock in a sure thing. I’ll keep a 1/4 to see what happens tomorrow or into the close.
Alright =d>
Thanks Andrew,
The markets were pretty weak today and my screen of cheap bio’s were green with many in the double digit percentages. ENCY might very well see .95 – 1.00 to meet listing requirements. I’m showing overbought, however several bio’s have been powering higher without even looking back.
I figure take some and leave some, if things don’t work out from here, I have a decent safety net.
Booked the rest at 1.03 for +37.3%
Look at ENCY go :(( From the .75 spot to 1.12 is a 49.33% move $-) When the dust settles I’ll play it again.
Are you kidding me??
Pfizer Inc To Offer $195M For Encycise Pharma
Encysive Pharma to be acquired by Pfizer for $2.35 per share
http://finance.yahoo.com/q/h?s=ency
Talking about settling dust… That was some tornado move. What a difference can one day make (sigh). Anyway, congrats on spotting the stock and playing it nicely.
Thanks Andrew! Imagine being long that stock for the past few years? I’m sure many are pissed.
http://stockcharts.com/h-sc/ui?s=ENCY&p=D&yr=2&mn=0&dy=0&id=p83343768678
It couldn’t have been OLGC right? or even AMRN