Clemsons2k
Member
Clemson-Did you end up buying NAVB today? I bought 1000 more shares at 2.43, and in the after hours it was up 10% or more on the good results of the head and neck trials. In my experience, with small volume biotech companies the bounce in the after hours usually doesn't hold the next day to the same degree. Tomorrow I'd guess we see 2.45-2.50, but usually the after hours is an over reaction. Anyway, I flipped those shares in the after hours for 2.60.
edit: i should add that I'm not selling my position, only the shares i picked up this morning because it was so ridiculously low. With the head and neck data, that should provide for expanded label for lymphoseek, which dramatically increases the market for Lymphoseek and I see it as a tremendously good thing. I just don't have the margin ability to hold this many shares long term.
I didn't, but now I wish I did. Glad to hear more positive news coming from their direction