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6 pts

Opinion on  Encysive Pharmaceuticals Inc (ENCY)     Sector: Healthcare  >  Industry: Biotechnology & Drugs
ENCY - Might bounce back.

Jun 20, 2007 03:01 AM GMT

ENCY dropped hugely due to a failed FDA Approval news. I think it dropped more than 45% in a day. My rationale for picking this stock is that the sell off is an overreaction by the public. The company still has some good products in hand and might succeed in the long run. However, I am planning on a short-term trade. 2 to 3 weeks. It should come back up to 2.50 from the current level of 2.18. Let us wait and see....

 


ENCY:  This call was made on 06/20/07 @ $2.16
Rating:   Positive   $2.16 (06/20/07)
Gain/Loss:   n/a in 1001 days
Target:   $2.50 (+15.74%) in < two weeks


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