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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
Permalink Reply by aaron moeller on December 27, 2011 at 3:27pm Tim, where would you place a stop on this? Might try my hand at pennies with a small position.
Permalink Reply by Stocks To Buy on December 27, 2011 at 3:31pm 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
Permalink Reply by Stocks To Buy on December 27, 2011 at 4:37pm 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.
Permalink Reply by Stocks To Buy on December 28, 2011 at 11:27am 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
Permalink Reply by Stocks To Buy on December 28, 2011 at 1:28pm Sold at $1.45, there is just no volume.....bought into PEIX
Permalink Reply by Stocks To Buy on December 30, 2011 at 11:51am
Permalink Reply by Stocks To Buy on January 5, 2012 at 11:16am 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.
Permalink Reply by Stocks To Buy on January 9, 2012 at 10:09am NSPH just broke out - $1.63
Permalink Reply by Stocks To Buy on January 10, 2012 at 11:10am I ended up taking profits at $1.62 - a nice gain
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