(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:)
adding more highest paid .66
Someone bidding .70 for KERX in AH ……
Added a few more .58. I’m done buying……….
Ouch Ouch Ouch, what a burn in the last 10 minutes of trading.:o
So far this thing traded 2 times its outstanding shares in the past 7 days. All day long tons of buying at the ask, in the final minutes someone knocked it down. I’ll add more tomorrow to lower my average.
Well I’m active again, it seems like you can buy as much as you like and it doesn’t budge.
Well finally a 50k buy was able to take out the 55’s unreal.
Come on KERX go! Sitting at break even now, show me some profit!
Man did this turn into a real POS! I really don’t want another several month hold/play. None of these big dumpers are bouncing like they should. I’ll give it a few more cents before I panic~X(
Position closed