Wednesday, March 22, 2006

Can it stand above $5? --- ANX

ANX (Adventrx Pharmaceuticals Inc.)

ANX is a biopharmaceutical research and development company. The company focuses on new technologies for anticancer and antiviral treatments. It closing price of today is $5.00.

On 3/20, it announced Thiovir, its broad spectrum antiviral drug, active against H5N1 avian influenza chimeric virus strains.

ANX is risky but has big potential. It is for short and middle term investors.

My suggestion: Buy (7.5)

ANX tried to cross $5.00 twice already. Every time it was pushed back by relative big volume. Apparently $5 is its big resistant line. Someone, big holders, wants to cash their holding at $5. Whether the price can stand stable on $5 is a big sign. So tomorrow is an important day.

If the price would push back from $5, I suggest my readers do not take any action yet, you should watch it and check if there will a lower price; If the price would stand above $5 firmly, I suggest buy a portion of it.

To make money on this kind of stock, you need be patient.


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