Tuesday, March 21, 2006

GNBT Update

GNBT is on fire, up 50% since my original post recommending it after insider buying on March 3rd. Check out the spate of positive news items that followed that insider purchase, all propelling the stock higher:

http://finance.google.com/finance?q=gnbt&btnG=Search


BTW, the above link is to the new Google Finance Beta Service, which you can read about today at David Gordon's blog.

A

18 comments:

Mark said...

How long will you hold this Allan? My broker's telling me to take my big gains. I don't know about that though.

Mark said...
This comment has been removed by a blog administrator.
Allan said...

How long will you hold this Allan? My broker's telling me to take my big gains. I don't know about that though.

I have no intention of selling my core position any time soon. I did buy 2000 shares today after publishing my blog, at 3.58, sold at an average price of 4.08, just for a daytrade.

A

Anonymous said...

Alan,

Once again great call!

I bought AVAN today at 2.16 after seeing a good runup..


Lets see how this works for me.
Thanks for sharing!!
Sunny

Anonymous said...

Allan,

Question for you. I saw a very strong rally in the last hald an hour in AVAN.

I responded by selling into the rally.

Should I have held on ?

Thanks,
Sunny.

Allan said...

I responded by selling into the rally.
Should I have held on ?


Ask me again in about a week.

A

Anonymous said...

Ha!

Sunny.

Ronny said...

Allan,did you check out the charts at Google Finance? They have letters on the chart detailing company events.This could help in our trading.
Ron

curt504 said...

Alan and others, I'm open to another broker who has acceptable commissions for trading penny stocks and PKs. I've seen Allan using interactive broker (IB) but they don't trade NNVC.PK (I don't believe) and they aren't cheap enough for penny's. Any suggestions?

tnx, curt

Terry said...

Is manipulation more of a problem with BB's and PK's? I offered the ask twice in succession this week on NNVC only to find the ask moved up each time. Was this just unfortunate timing?

Allan said...

Is manipulation more of a problem with BB's and PK's? I offered the ask twice in succession this week on NNVC only to find the ask moved up each time. Was this just unfortunate timing?

I don't think you can trust the posted bid/ask spreads on BB and PK's like you can on Nasdaq. I always go a few pennies higher or lower then what is posted if I really want in or out. The biggest crooks of course are the ASE and to some extent the NYSE.

A

Terry said...

Thanks for the help Alan.

Mark said...

Allan, I've added you to a new Bird Flu Books and Supplies web site I put up -- http://www.AvianFluWorld.com

Thanks for everything.

Greg Reiman said...

HI A:

GNBT filled one gap already today, three more gaps to be filled.

My buy order is in at $2.71.

Greg

Anonymous said...

where does the volume come from in a stock like gnbt? amazing.

holly

Greg Reiman said...

Hi A:

GNBT filled the second gap at $2.98 today.

One gap to fill yet at $2.69.

I've got my buy order in at $2.71, thinking about lowering it to $2.39.

Greg

Greg Reiman said...

HI A:

I got my order filled at $2.39 today. Low for day was $2.37.

Greg

Konrad said...

That's nice. I added to my position at 2.9. Hope you got it right.