Monday, February 27, 2006

ALNY & RNAI, Part II

Just a heads-up on these two stocks, ALNY and RNAI, each of which is up about 25% since recommended here three weeks ago. It's a good idea to go back and read why we bought into these names in the first place, so click on ALNY & RNAI.

This isn't to say it's time to sell, only that it's time to review our reasons for the trades.

A

5 comments:

Greg Reiman said...

Hi A & I:

One of the reasons we bought ALNY & RNAI was to possible price "bump" due to the Diligence Newsletter conference call "pump" that took place Tue, Feb 28 at 7 pm EST. There doesn't appear to have been a bump since then. This could lead us to speculate: Did we correctly predict the same two stocks that they actually pumped? Is someone selling into their pump? Had the cat got out of the bag early and that is why these two stocks ran up so much prior to the 2/28 conference call? I don't know the answers, just speculating. I was hoping for another price "bump" after the "pump", but I am more then satisfied with the movement in the past trhee weeks and plan to continue holding for now. I may raise my sell stop order to protect profits, but not so tight that I get whipsawed out before I am ready to exit.

I'd be interested in your thoughts.

Greg

Allan said...

Greg, as a trade, both worked, whether we guessed right or not. Now its just a matter of managing positions, or moving the money into one of the newer picks, ARWR or AVAN. To each his own.

A

Greg Reiman said...

HI A:

Thanks for your thoughts. I've moved my sell stops tighter to protect profits, but will let them continue to run if they still have legs left.

I bought ARWR, as if feels like a cross between our nanotech/biotech interests and the patent portfolio of PTSC, a best of both worlds approach.

Getting you to comment on IUCPF seems like pulling teeth, just like trying to buy this one is like pulling teeth. IUCPF keeps running away from me and I don't want to chase, but I am kicking myself for not just buying at market last week, I'd be up 10%+ already.

Greg

Allan said...

Greg, Leave my teeth out of this. You know Jim DInes has IUCPF as one of his favored uranium stocks, but "under $5.00". I wouldn't let that stop me though. I have a boatload of FRG as my uranium pick, Fronteer Development Group. I like stocks that I can follow on charts and look up key statistics and such on Yahoo. A lot of DInes' picks are not listed stocks and are hard to keep up with, hard to buy and hard to sell. Buying uranium however you can is a good idea, so if you will leave my teeth alone, I'll bless IUCPF.

A

Greg Reiman said...

Hey A:

I had no idea that Jim Dines has IUCPF as a favorite stock, don't even know who Jim Dines is. I did my own research on finding this one. You are correct about OTC stocks, hard to track price and volumn during the trading day, and I suspect hard to buy and sell. this stock also trades in much greater volume on the Toronto Exchange (TSX) symbol IUC, maybe I should buy it through that exchange instead. Have you any experience with foreign stock exchanges? My online broker tells me I can do that if I call into their order desk, but not over the internet. My financial manager that manages our "real" money, has a foreign desk where he can place orders on the TSX for the accounts he manages for our family. I called him today to get his take on how and at what target price to enter this position in those accounts, he is going to get back to me tomorrow after he talks it over with our mutual friend Tim V.

Thanks A.

Greg