I think the run on NAL in the past few days has been due to expected announcement on Thymus deal. The Ladd news was expected as everyone new that production was underway. Sell down today could be due to:
1) Traders buying on expected announcement and volume etc....many sell following announcement 2) Traders who bailed out if stop losses were triggered. 3) people selling for profit.
As with all biotechs price can fluctuate alot. An announcement regarding the Thymus research and possible deal with us pharmaceutical company is what will drive the price. Expect big things if and when this occurs. I'm happy to hold a few for the medium term.
My thoughts only.
Regards
Doyle
NAL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
