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S&P 500: 1,340.35 Change: -0.84%
seagate5
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Commentary
BUY: DENDREON CORPORATION (DNDN) Rating: 2
Start Price: $34.85
Points: -79.69
Created: 03/03/2010
I picked up this stock in the fall, 2009 when it was @ $9.00. I sold it at $23 last year, despite listening to a guy tell me back then it was going to settle in at +/- $40.00, in the spring.

Originally, my order was scheduled to go in @ $5, but (my luck) DNDN stopped trading for almost 3 hours, due to 'trader irregularities!' The original order did not go through. Had the stock tanked, no doubt it would have gone through.

I again picked up DNDN at $28. At $25, DNDN seemed to receive increased daily volume and options action. Now that it has moved past $30 and has held there, I believe the guy who said it would reach $40, either was lucky or really knew, It may take awhile, but if the drug they are producing (a prostate cancer retardant?), receives FDA approval, it will zoom past $60 almost overnight.

I am not a 'WOW' person, but this may be as close as it gets.

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