Transdel Pharmaceuticals :: TDLP :: Potential to go up.

The penny stocks mentioned here are only stocks to watch. Some of them could be good candidates to be baught right away and some are risky to buy. You have to decide on your entry and exit price. My main style of trading is to buy and sell within very short period of time. Therefore, I might decide to buy the stock the next day and sell it in the same day and forget about it or I might like the stock and decide to keep a small position just incase the penny stock hits a jackpot. In addition, I might decide to watch the stock and after a while discard it based on the fundamentals or technicals prevailing. If in any case, i suggest an entry price, it should be considered as an opinion that might prove right or wrong. Be your own boss and take your own decision. penny stocks trading is a personality based trading.

July30, 2010

"Transdel Pharmaceuticals, www.transdelpharma.com – developers of the revolutionary Transdel™ transdermal cream drug delivery platform and topical anti-inflammatory Ketotransdel® cream for acute pain, has been generating a buzz throughout the pharmaceutical industry producing rumors that TDLP may be on the verge of announcing some significant news".

Checking out TDLP daily chart, we find that prices are close to a base line that have been strong for more than 6 months. The weekly chart as well as the daily chart are bearish as evidenced by the downward trend that had not been penetrated , price-close wise) for any significant number oif days, something very common in penny stocks. However, waiting for a confirmation to buy a penny stock that is trading around $1 per share most often will make us miss a huge move that might be comming up. Not only that, allot of traders will try to chase up the run and end up buying on the top.

I find the current news a positive bias towards a probable runup. In addition, with current prices and volumes that have not reacted in a significant way, buying at these levels is quiet safe and the chnaces to make some profits is very possible. Please note that i don't take any good news for granted. i know that companies try there best to boost their share prices at any legal or sometimes illegal way . The news could be a rumor or it could be otherwise. No one really knows. However, we could gestimate that positive news usually attract, traders, newsletters...etc on the short term and we know that buying before any meaningful price runup increases our chances to participate in a probable up move in the early stage.

As usuall, don't bet the farm on this. just buy a position according to your capabilities and bail out once you make some profits. Again, you decide on you your profit objectives as every person has his or her own circumistances.

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