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Nanosphere, Inc. (NSPH) stock is rising today after the FDA granted it 510k clearance.  I am in with an average of $1.515
 

This is a pure speculative play which is what most penny stock trades are. Let's see if I can turn this one into a gainer rather than a loss.


Nanosphere Receives FDA Clearance of Gram-Positive Blood Culture Test for Staphylococcus

http://finance.yahoo.com/news/Nanosphere-Receives-FDA-pz-1554966065...

http://www.stockstobuy.org/group/pennystocks/forum/topics/penny-sto...





 

Tags: 2012, buy, forum, nanosphere, nsph, stock

Views: 635

Replies to This Discussion

Tim, where would you place a stop on this? Might try my hand at pennies with a small position. 

As of now I don't have a stop, I'm going to hold overnight and see what happens tomorrow...it is going against me at the moment

Chairman of the Board has been doing some buying all year, interesting - http://biz.yahoo.com/t/42/4048.html

NSPH will have resistance up at $1.63, $1.70, and $1.75

I got stopped out at 1.35. I rarely use stops in this type of situation, I don't know why I did today really. Now it's at 1.56.

I noticed there was a large seller this morning selling at anything he/she could get.  I did not want to follow the seller so I just held.  I did some more research on NSPH and analysts are predicting revenue to increase from 2.51 million in 2011 for 7.56 million in 2012.  However, the company is burning through a lot of cash so who knows.  Right now, it is a very speculative penny stock.

http://finance.yahoo.com/q/ae?s=NSPH+Analyst+Estimates 

Sold at $1.45, there is just no volume.....bought into PEIX

I bought Nanosphere Inc. (NSPH) back today due to the basing around $1.40....I will hold this one for a little while and will not be quick to sell like before unless we see a huge surge.  I'm going to be gone next week but will still update on my thoughts.

 

I am still in NSPH....hit $1.60 resistance on Tuesday and is now back to $1.47.  I will continue to hold and hopefully catch another break out soon.

NSPH just broke out - $1.63

I ended up taking profits at $1.62 - a nice gain

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