Nice post KGEM and I believe things happen for a r
Post# of 85497
In 2009 I started playing big board stocks as I was working my ass off and had some extra income well the few % swings and everything I bought went down like BOA,Ford etc..
So its Friday and I stumble across a news article after market closed on VRMLQ that shot up like 2000% in last half hr of trading and I said wow that is what I want. Well Monday got in 1.80 and back out in 2 days at 1.25(this ended up being the retrace low go figure)because it swung way to hard and hit my stop sell
That stock on this news below went from .01 to a high of $33.00 in months even tho article was written before high
Quote:
War Stories III: Vermillion -- Up 215,000% -- Plans Escape from Bankruptcy
DEC 2, 2009 11:59 PM EST MARKETS
BY TRISTA MORRISON / MONEYWATCH
This season's biotech conference circuit has been buzzing with war stories from companies that almost went belly-up only to bounce back with a vengeance, and one of the best comes from diagnostics maker Vermillion, which last week filed its plan to emerge from Chapter 11 bankruptcy.
As Matthew Herper at Forbes nicely summarizes, Vermillion (VRMLQ.PK) was delisted from Nasdaq last fall as the capital markets crashed and filed for Chapter 11 in March with less than $1 million left. According to Forbes:
The entire executive team resigned to save cash, continuing to work on a consulting basis. The board took payment in equity.
But on Sept. 11, the FDA approved Vermillion's OVA1 test, which uses a blood sample to measure the levels of proteins associated with ovarian cancer, predicting whether or not the cancer is malignant and providing insights into what type of surgery is appropriate.
Vermillion's stock is up 215,900 percent from its 52-week low of a penny, closing Monday at $21.60.
Last week, the company filed a plan of reorganization with the U.S. Bankruptcy Court, proposing to pay its debts in full and allow shareholders to retain their equity in the company. The plan has yet to be approved, and OVA1 has yet to launch, but Vermillion's prospects are a heck of a lot better now than they were six months ago, and some folks predict an acquisition by partner Quest (DGX) may be in the cards.
Ok now I missed the massive returns there but it was my first penny stock I owned and I told myself I will find another one like that
Now I have bought into many scams and lost alot over the last almost 10years holding stocks but I think about UNVC and the possibility of FDA involvement and the fact this stock is in a similar situation.I sat the other day and was like omfg it all is coming back around to my start and I really believe I FOUND IT again WOW blows my mind.
I am not religious but I do believe in PERSEVERANCE and things happening because of it now if I gave up off losses would never have found this stock
THIS IS NOW AND I BELIEVE IT IS OUR TIME GET READY FOR OURLIVES TO BE CHANGED FOREVER IMO
$UNVC/AGRIMED/SATIVEO to .50 COULD BE LOW BALLING IT