Wednesday, September 23, 2009

Genta Inc. GETA get it while its hot...

GETA Genta Inc. www.genta.com/  this is a trade jacob suggested we did really well on this one.   Jacob had been following it for a couple of months.  He says its going to cure or help treat cancer specifically melanoma .  Which would be Great.  I was trying to get in at .33 but i missed my mark and it stayed above .4 for awhile so i got it at .39 about 2 weeks ago.  It started heading straight up about a week or 2 ago.   Today it ended at 1.15 and hit 1.26 it was awesome so i ended the day with 194% profit on GETA.

I bought 590 more shares at the end of the day getting to 1500 shares i did a limit order at 1.15.  I want to get to 2000 shares in the next couple of days.  I think it will hit $2.00 in the next couple of days and jacob thinks that it will hit like 20-30 before the announcement date in december.  that would be freaking awesome.   I can't decide if trading back and forth is a good idea or just hold it to december.  I can't wait till there is options trading on genta.  

Next up why bond yields are falling and the risk is still the same or greater.  I thought markets were efficient and you got paid for your risk.   not today.



Interesting news for today
Housing Crash to Resume on 7 Million Foreclosures, Amherst Says


Card Defaults Surge in August to 11.49%, Moody’s Says (Update1) 

World to America: We Want Our Gold Back






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