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7 pts

Opinion on  Nastech Pharmaceutical Company Inc. (NSTK)     Sector: Healthcare  >  Industry: Biotechnology & Drugs
BURN RATE JUST DOUBLED FOR NSTK

Feb 08, 2008 12:05 PM GMT
Return Risk
-15.32% MID
Associate

02/08/08 NSTK:WITH NEW SUBSIDIARY AND NEWLY APPOINTED DIRECTORS, I BELIEVE NSTK JUST DOUBLED THEIR 'BURN RATE'. PRIOR TO THIS FORMATION, THEY ANNOUNCED THAT THEY HAD 1 YEAR LEFT OF OPERATING EXPENSES. WITH 26 DAYS LEFT BEFORE 'YEAR END EARNINGS REPORT', I ALSO BELIEVE BY THEN THE STOCK PRICE SHOULD JUST BE UNDER $2.00 DOLLARS($1.96) LOGICALLY, NSTK IS STILL IN BEARISH TREND WITH NO END IN SIGHT. JUST BECAUSE THE STOCK IS AT NEW LOWS DOESN'T MEAN INVESTORS SHOULD BUY. 'NSTK' IS INCREASING THEIR DEBT, WHILE REVENUES DECLINE. JUST TOO MANY NEGATIVES FOR ANY INVESTOR. AND DON'T LISTEN TO RESEARCH FIRMS!


NSTK:  This call was made on 02/08/08 @ $2.46
Rating:   Negative   $2.46 (02/08/08)
Closed:   02/10/2008 @ $2.35 (+4.47% in 2 days)
Target:   $1.96 (-20.33%) in One month


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Who voted on this idea?
andrewpmk 74% 02/16/2008



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JIMMY T previously rated NSTK
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