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No. of Recommendations: 1
The Old Fool Sez:

For a stock which has as much Motley Fool coverage and recommendations as this one has, I'm surprised at the lack of posts here.

Tonight is May 24, 2005, and I ended up with some uncommitted money today thanx to a drug company which decided to head South at a high rate of speed. Drug companies do that, comes with the territory.

Today's close was $7.50, and it is time to get on board this particular train if you are interested in the stock.

The volume lately has been very low, but the stock has been holding its price in spite of that fact. On May 17th and 18th, the stock ran the stops at $7.25 that the weak holders had out, guaranteeing themselves a loss just in time for the stock to proceed North without them. Since the stock has been falling from $9 for a while, I doubt if those stops were protecting profitable positions.

From a technical standpoint, the stock is a "noisy" one, and I won't be committing my life savings to it, but I do feel that tomorrow is a good time to buy a starter position in it. If you already have a position, I encourage you to add to it if you are able. To those of you who bought this one when the Motley Fool first recommended it, hold on to your position because the stock shows lots of promise.

Oops. Just looked at the chart. Refreshed my memory so to speak.

This stock has been basing at this level since November of 2003.

Permit me to change my mind and recommend a slightly larger order for the opening.


The Old Fool
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