VCR (272c….down 9c this morning) – Ventracor – FINE TUNING – Ventracor put out another announcement yesterday updating us on the two patients they have implanted with their VentrAssist device. They have upgraded the condition of the second patient to ‘stable’. This must be the Biotech equivalent of a credit rating upgrade and highlights for just what this stock is all about. Brutally speaking if either of these patients ‘pop their clogs’ the Ventracor share price is going to fall over. The company are so aware of this they are now making public announcements which fine tunes the adjective currently applicable to their conditions. The importance of this is not so much for those portfolio investors who are taking a measured bet on Ventracor as a small part of their portfolio mix, but to the day traders. Day traders own this stock…..in the last two months since it took off the top five brokers by volume are all on line brokers. It is only with the recent 15m share placement that some small number of institutions came on board but it is negligible…..
you can get in the top 20 shareholders in this stock with just 495,000 shares.
So to you traders….especially those punting 50,000 shares intraday without the money to pay for them….watch out….
Don’t be complacent because it hasn’t happened yet. This stock dropped from 381c to 245c in an hour recently….it can happen again.
VCR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
