ENCY drug approved in Canada

[Goods]

ENCY's hypertension drug, Thelin, was approved in Canada after hours today sending the shares up 26 %!

Approval in the US should be coming in the next week or so. It may be going higher still.

Thankfully, I picked up 1000 sh. two days ago at $3.58

[whodi]

After Hours: 4.50 0.91 (25.35%) as of 7:26PM ET on 05/30/07.

Nice, where was the post on this stock GOODS, give a dog a bone. Nice Hit. Nice to get strong news while holding a stock, its like hitting a slot machine.

[whodi]

Let me ask you a question. What is your strategy on this stock now. Do you plan on holding it, selling it, selling half your position to lock up profits. Just curious. You definitely want a strategy on what you want to do with the stock now and if you sell at some point and it goes up, dont look back and think what if. The key is to being discipline and sticking to your strategy, that will make you a lot of money in the long wrong, always be discipline, never emotional, and congrats again man. Cha ching.

[Goods]

Thanks Whodi. Took a gamble looking for a rise before approval.

I mentioned it on the 21st:

33 sh ENCY @ $3.55 (closed $3.66) My daughter's first stock. I mention it because it jumped 12% today after being flat for a month. They're due for a FDA ok on a new drug in June, may be insider info already? Could be worth a look.

I doubt it's done yet. Look what happened to DNDN. The message boards I'm reading say upgrades are likely. Let's take it for a ride.

[Goods]

I'll wait to see where it is at the open and look for more momentum. Likely sell half to lock in the gain and see if the rest may double.
You're a veteran at this, what's your opinion?

[whodi]

My bad, I somehow missed your post, I have to pay more attention. I looks familiar though. I have so much crap in my office its ridiculous. I need to get more organized. Me personally, I always love to sell my positions into runs. Easy to exit that way, especially with high volume, plus after the open, good chance the stock will be priced in already, I would sell half and then hold the other half but I would set a stop loss on the rest to keep my profits up.