Okay, 1000 SGMO @ $10.99 and sold 10 UGDFV (JUN08 $12.50) at $.25.
Sangamo Biosciences is another favorite of mine -- recent spike up to the $13s had me worried that I missed the boat. An analyst came out today with an opening Sell rating on the stock which made it dive $1.50 and I pounced (this analyst, by the way, is kind of a weather vane for me -- whatever he says, I do the opposite of).
I actually hope it stays below $12.50 past June because I want to keep these shares. Sangamo makes Zinc Fingers, which can basically turn targeted genes on or off. They are unlike most biotechs because they actually already license out the ZFPs to agro-chemical companies for genetically modified grains. Yes -- a biotech with revenues!
Current:
2000 SUPG (-20)2000 NBIX (-10)400 ELN (-2)2000 DNDN (-10)1200 TASR (-12)2000 ARNA (-20)300 WYE (-3)1000 SGMO (-10)
Cash = $24,894
Regards,
Trond
Showing posts with label zinc fingers. Show all posts
Showing posts with label zinc fingers. Show all posts
Thursday, May 29, 2008
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