Nanosphere and Spire Have a Solid Friday the 13th

It wasn't a good Friday the 13th for the GDT::Portfolio, but there were two exceptions: Nanosphere and Spire.

Nanosphere (NSPH) closed at $1.74, up 7.41% on 02012.01.13 (Friday the 13th). NSPH hit an intra-day high of $1.79. Our NSPH holding is underwater, but the shares we bought for a $1 on 02011.09.29 are up 74% in the span of 3.5 months.

On 02012.01.09 I blogged about Spire (SPIR) being in violation of two Nasdaq Marketplace Rules: the "Minimum Bid Price Rule" and the "Minimum Public Market Value Rule." At the time, SPIR was at $0.69 and that price gave the company has a market value of $5.8 million. I noted that a reverse stock split would get the stock price above a buck, but that would do anything to change Spire's market value that needs to be a minimum of $10 million. Because I decided to turn this into some math fodder, I went head an calcuated that SPR needs to be priced at around $1.19 in order to stay listed. On 02012.01.13 (Friday the 13th) SPIR closed at $0.92, up 27.23% for the day. For the week SPIR was up 33.33%.