12:05pm (EST)
We have a New Trade we are getting into for our Weekly Wrap newsletter. We have followed the stock for years and we believe shares could double over the next 6-12 months.
The stock is just north of $3 and we have a Price Target of $6+.
We have a long history of recommending favorable biotech stocks and we believe our latest addition will be a triple-digit winner.
Subscribers, check the Weekly Wrap Premium section for the New Trade and we will be back shortly with our Daily.
Members AREA
NEW TRADE!!!
Buy Biodel (BIOD, $3.25, up $0.05) Stock Trade
Action: We have been following Biodel for a few years now and recently did an update on the company for our Weekly Wrap. We believe the company is finally ready to turn the corner and has a promising pipeline that could make them profitable. The 52-week high is just north of $6 and the 52-week low is at $1.93.
We may sell options on the stock down the road or when shares pop past $4 but for now we will buy and hold.