PGNX will be a big mover on ADLR news

R

razor99

ADLR stopped a trial due to safety concerns. with ADLR halting its trial,PGNX now has no competition and a huge overhang was removed.expect PGNX to see 26.50 and maybe even 27.
 
bought some at 25.53...it pulled back from 25.99 down to 25.26...it then went to 25.65 and pulled back under 25.50 where there was a big seller..i bought after the seller at 25.50 seemed done. it is now back at 25.60...i bought at 25.53 and have a stop in place..
 
In the short term, say the next week to 10 days, might the bounce in ADLR be bigger than the gains in PGNX? Is the news really all that bad? ADLR has never been below $5, going back 10 years, and now it's at $3.66? Sheesh.
 
ADLR ADOLOR CORP 6000 $3.58 $3.58 $21,480.00 0.00% $0.00

VG VONAGE HOLDINGS CORP 5000 $2.98 $2.98 $14,900.00 0.00% $0.00


UKO QW 2007/05/19 put on DENDREON CORP at $17.50 26 $3.30 $4.00 $10,400.00 21.21% $1,820.00
CDQ PA 2007/04/21 put on NUVELO INC at $5.00 153 $0.40 $0.45 $6,885.00 12.50% $765.00

ADLR is a solid dead cat bounce play.
 
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