pxs, page-6

Agreed. I have been a looong term holder of PXS but do not deny there are long periods when nothing happens. PXS has been in a holding pattern for almost 12 months now after it recovered from $1.20 to $2.59 between Mar-09 and May-09.

Since then it has tracked sideways and lacks momentum. There appears no rush to get in, but if news is released, the stock can move violently.

I like the story, and have no reason NOT to remain invested, but it can be folly to place price targets on biotechs and then not monitor your investment. Biotechs need to be monitored closely as there is a long history of failures within the sector.

I am hoping for $5.00 one day but I am not going to put a 12mnth target on it...I'll be content with a 20% rise to $310/$3.20 from here over the next 12 months.