Posted by: eminitrader June 4, 2009
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I looked at HEB and CTIC because everyone is talking about it here. I usually do not touch anything below 5 but if you look at the chart of HEB, it made a new 52 week high on the first week of May. The previous high was about $1.1 that was made in the first week of July 08. If you had followed my strategy you would have bought those at $1.1 after it closes above the previous high. I wrote about it yesterday on my blog.
HEB could go higher but CTIC could test $0.8 before it advances.
I haven't looked at the news but if they are waiting for FDA approval and do not get it it could go down to pennies again.......