TORREYPINES THERAPEUTICS INC (
TPTX) $6.70-0.032 (-0.48%)
San Diego based...
hmmm... just reported earnings so hopefully not too much more down side this quarter...money is heading toward health/bio...and this company has 55mil cash on hand...they merged with
Axonyx Inc last year...
...at $6.70 the down side toward the 52-week low is under 10%...
(
TPTX)
52 - Week Range
6.15 - 11.60
10/23/06 - 4/21/06
our desired entry point is under $6.60 (use limit orders)...and with such low volume, set sell targets at 5% or 10% gains (depending on size of your BUY)
...remember this is a "speculative odd ball Friday pick"....don't bet the farm, ....happy Friday!
***OUR NEXT PICK***********************Aastrom Biosciences (ASTM) $1.41/share ... good news for one type of stem cell research is good news for all...says CEO....THURSDAY 1.43-0.03 (-2.05%)
Extended Hours:
Last 1.41
Change -0.02 (-1.40%)*******AND THE BIG DIPPER **************************
PACIFIC CAPITAL BANK (PCBC) 26.24-0.72 (-2.67%) ....we hate to add a
California Bank, with mortgage exposure to the
DIPfolio...but this one is getting creamed...&...EARNINGS REPORT is next TUESDAY AM...and
we have a feeling they are going to say the "our sub-prime exposure is not that high...blah, blah"...and the stock should rebound...we also know that this lender
doesn't buy that much shitty paper, or sub-prime deals.....so we think our thesis will hold true...wish us luck!
PCBC 26.24-0.72 (-2.67%)....sub-prime, oh nooooo....BUY ON THE DIP!