ACTC is up 2 cents per share today. For most stocks this is not a big deal but it is a 10% rise in the price from the previous day's closing price.
As I have said before this is a very volatile stock which makes me hesitant to buy at this level. I am torn. I know that there are upcoming events such as the possible announcement of a partner (this was mentioned in the conference call on March 21, 2011) and the possible beginning of Phase I trials in May or June of this year.
However, the most recent big news item caused the stock priced to go up to $0.27 per share and then drop back under $0.20 per share shortly after the news was officially released.
Hence my hesitation. It is possible that as ACTC has finally been brought to the attention of enough investors that the stock will not drop below that $0.20 per share any more. I am going to hold off purchasing any more ACTC for a short period to see if the price drops. This will also allow me to determine if I want to sell any of my current holdings in another stock and move some of that money in ACTC.
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