Penny Stock ForumPenny Stocks are low-priced issues, often highly speculative, selling at less than $5 a share. Penny Stocks are traded on pink sheets and the OTCBB
Gdog brought the stock ticker OSCIQ up in chat today. I was when i saw the chart. Primed for a big move here. I gambled with it and bought a bunch at .041. Already busted the .05 resistance and tagged .059 for the HOD. Currently trading at .048. A close about .05 is great news for all in this one. I think it has a chance to do it.
This is purely a technical play.
I will update with a chart in a hour or so.
Quote:
Oscient Pharmaceuticals Corporation is a commercial-stage pharmaceutical company marketing United States Food and Drug Administration (FDA) approved products in the United States. The Company markets two products: ANTARA (fenofibrate) capsules, a cardiovascular product, and FACTIVE (gemifloxacin mesylate) tablets, a fluoroquinolone antibiotic. ANTARA is approved by the FDA to treat hypercholesterolemia (high blood cholesterol) and hypertriglyceridemia in combination with a healthy diet. The Company also has late-stage antibiotic candidate, Ramoplanin for the treatment of Clostridium difficile-associated disease (CDAD). In July 2009, Oscient Pharmaceuticals Corporation and its wholly owned subsidiary, Guardian II Acquisition Corporation, announced that each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Massachusetts.
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Last edited by Volatile22; 08-13-2009 at 11:06 AM.
Closed at .052. This is great for the technicals because it gets us over the upper bollingerband which sits at .05. Im thinking we gap in the morning.
Check out the chart, the bollingerbands are wound so fricken tight. 50 day sits at .158 and the 200 day ma is at .225, so this baby has some room to move.
__________________
"Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game."
-Donald Trump
“We all have great inner power. The power is self-faith. There's really an attitude to winning. You have to see yourself winning before you win. And you have to be hungry. You have to want to conquer.”
"Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game."
-Donald Trump
“We all have great inner power. The power is self-faith. There's really an attitude to winning. You have to see yourself winning before you win. And you have to be hungry. You have to want to conquer.”
.06 failed so here we are all the way back at .037. I dumped along the way down. Didnt like the way things were looking. Might rebuy if I see the opportunity. Man is this a disappointment today.
__________________
"Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game."
-Donald Trump
“We all have great inner power. The power is self-faith. There's really an attitude to winning. You have to see yourself winning before you win. And you have to be hungry. You have to want to conquer.”
Im back in. Looking like the profit taking has settled. Buyers are returning. The chart is still in good shape. Ask is looking really thin.
__________________
"Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game."
-Donald Trump
“We all have great inner power. The power is self-faith. There's really an attitude to winning. You have to see yourself winning before you win. And you have to be hungry. You have to want to conquer.”
Aaargh! Got to .059 So close!
But it's okay, because that surge Wednesday was a bit too much too soon.
The way I see it, this one is just getting started.
We'll probably see a bit more consolidation tomorrow (a good time to buy, IMO).
I expect that next week will be very nice.
All in my humble opinion, of course. We'll see how it goes.
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OSCIQ - Oscient Pharmaceuticals Corp (PINK Stock)
when i saw the chart. Primed for a big move here. I gambled with it and bought a bunch at .041. Already busted the .05 resistance and tagged .059 for the HOD. Currently trading at .048. A close about .05 is great news for all in this one. I think it has a chance to do it. 
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