PGNX grind

PGNX has really been having trouble with the $10 area. I bought this stock on Feb 13th for $9.60 and since then its highest close has been $10.05 in late Feb. PDUFA date is in late April so it is starting to run out of time to make a move ahead of the decision. I am sure that part of the problem with the position is that I was late entering. At its current price it is 123% above its 52-week low. Volume still low so perhaps there is potential for some attention and price appreciation as the PDUFA approaches. Watching closely and tightening stops now. 


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s