NVLT - Novelos Therapeutics Inc - Page 11

resistance at .28 and .32 and then clear skies

weak close

Releases

April 19, 2010
NOVELOS THERAPEUTICS AND ACADEMIC COLLABORATORS PRESENT THREE POSTERS AT AACR 2010 ANNUAL MEETING..
idk why the date is april 19th but look at it
http://www.novelos.com/

wow, this thing is on fire sale ... 0.10 a piece ... interesting

Haha i was just looking back at this over the weekend. They're expecting to release phase 2 breast cancer and Hepatitis C preliminary results in Q3 so as early as july.

How low will she go :lol: This thing has been super quiet lately. I still own about 20k from a few months ago. chump change but at .10 I'll keep an eye on it to possibly add more if things look promising.

VOLUME ALERT

Novelos Therapeutics Announces Positive Phase 2 Results in NOV-002 Neoadjuvant Breast Cancer Trial at Sylvester Comprehensive Cancer Center, at the University of Miami

Finally cleared my 0.10 position for some nice profit
This is one of my rare swing trade on penny (have to hold on for about 6 weeks)

Wow, there is a FIRE SALE on this one today.
I'm in @0.05 for some nice profit

yup, this really got smashed down after this news:

NEWTON, Mass.--(BUSINESS WIRE)--Novelos Therapeutics, Inc. (OTCBB: NVLT - News), a biopharmaceutical company developing therapeutics to treat cancer and hepatitis, today announced that Novelos entered into a definitive agreement with institutional investors to sell units consisting of an aggregate of 21,428,576 shares of its common stock and five-year warrants to purchase up to an aggregate of 16,071,434 shares of its common stock at an exercise price of $0.07 per share, for gross proceeds of $1.5 million. The net proceeds of the offering, after deducting $120,000 in placement agent fees and an estimated $130,000 in other transaction expenses, are estimated to be $1.25 million. Each unit consists of one share of common stock and a warrant to purchase 0.75 shares of common stock. The price per unit at which the units are being sold in the offering is $0.07.

In connection with obtaining the consent of our preferred stockholders for the transaction, we will issue five-year warrants to them for the purchase of up to an aggregate of 16,071,434 shares of common stock at an exercise price of $0.105 per share following the consummation of the transaction.

Looking good ... up about 10% profit so far ... hit me, 0.06

Yup, I doubled down @ .0505 we'll see how that pans out.

I like the pinching action on the 10min and 60min charts.

I can't believe that people are missing out on this play
Easy money ...

Just need her to clear .054 ..... and we're good to go ......

0.057 ... up +14% so far ... looking good

This play is eerily similar to SFMI in how it has set up.

I say it will hit 0.06 easily today ... or even get back to the sell price (0.07)
The question is: should I clear out at 0.06 or 0.07?

I will be shocked if it doesn't see .065 - .07 given what we know about those institutional investors.