Bought 800 shares of HGSI at 1.97

Trade ticket:

Transaction: Bought
Security: HGSI
Quantity: 800 shares
Price: $1.97
Value: $1,576.00
Target price: $0.00

Trade Note:

The company is is making a a profit on it's Anthrax drug and will be presenting data on a Phase III lupus drug on 6/16. They also have several other promising drugs in the pipeline. I'm going to try and hold 1000 shares through 6/16.

Posted about 6 hours after the trade

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Company information:

HGSI 32.68 +0.12 (+0.37%)
Users bought (this month) 3 (20.00%%)
Users sold (this month) 12 (80.00%%)
Market cap 6.07B
52-week high 32.80
52-week low 0.45
10-day volume 3.70M
P/E 814.00
EPS (trailing 12 months) 0.04
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Posted by jimmycooper on 05/20/09 at 01:10 AM

Comments

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csieber posted May 21, 2009 (12:21AM)

This one does look interesting. Any target price on this one?
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jimmycooper posted May 21, 2009 (12:49AM)

csieber said: This one does look interesting. Any target price on this one?

 I don't have a set target, but I think $6-10 is reasonable if the Lupus data is well received and they apply for a fast track approval.
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