Friday, April 17, 2009

Market Flat but Stem Cells Mostly Up on Friday 4.17.09

Thursday 4.15.09: Dow +96 (1.2%)@8125, S&P +13 (1.5%)@865, Nasdaq +44 (2.7%)@1670

The market was again flat most of the day, gave up gains to finish barely up. However, 23 stem cell stocks were up with only 8 down. DNDN managed to go up over 5% today, so it appears that 17 may be an interim support level, as it failed to fall below that on any close since its runup. Still, not much volume or real action today.

Big Winners: AFFX 4.2%, AVII +4.4%, DNDN 5.6%, EPIX 6.2% (two days in a row!), OPXA +14.3% (also 2 in a row), OSTE 7%, SQNM 5.1%
(most of these seem to be down one day, up the next and can't put two up days together, hence my surprise...)

Biggest Drops (mostly fractional): CRIS -1.5%, GERN 1.6%, LMNX 1.9%

Volume Up: ABT, AFFX (2x), CYTX, DNDN (4x)

The 'pure' stem cell plays were mostly flat or down again.

Disclosure: Long QLD (Nasdaq), TNA (R2000).



This is not a solicitation or recommendation to buy or sell any stock. We are not registered investment advisors, and the site does not receive any compensation for any posts, endorsements, or listings. All investments carry risk, and your own individual situation should determine your strategy. Only invest funds you can afford to lose.

The Author at EZines


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A company issuing stock gets it's money when the stock goes public, called IPO for Initial Public Offering. However, if the stock takes off due to future expectations, the company can capitalize by issuing more stock and raising money near the current price, so investing in these small biotech companies increases their chances of succeeding by raising enough additonal capital that they don't need to take on debt.

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