Friday, February 22, 2013

NeuroMetrix (NURO) Pops; Nanosphere (NSPH) Bottoms?

NeuroMetrix (NURO) had a good day yesterday (02013.02.21) even though the last two days have been bad days for the GDT::Portfolio. NURO closed yesterday (02013.02.21) at $3.00, up ~29% for the day (intra-day high was $3.10). Volume was heavy. NURO was split 1:6 a couple days ago on 02013.02.19. Post-split price: $2.88.

Nanosphere (NSPH) closed yesterday (02013.02.21) at $1.90. A week ago, on 02013.02.14, NSPH fell from $2.64 to $1.79 (intra-day low was $1.72). Yesterday NSPH had an intra-day high of $2.07 before closing at $1.90. $1.72 increased to $2.07 is an ~20% increase. An insider buy was recorded on 02013.02.18 at $1.97. This morning (02013.02.22) Nanophere issued a pres release having the headline: "Nanosphere to Present at the Cowen and Company 33rd Annual Health Care Conference". If the company's CEO does a good job, then that might increase demand for NSPH shares.

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