Thursday, April 19, 2007

ODD BALL Friday! ... (TPTX) , (ASTM), (PCBC)

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!

1 comment:

Anonymous said...

oddball friday needs more boobs