A good friend of mine said he is buying AST (Asterias Biotherapeutics) before the earnings report on monday. I don't really know much about biotech other than its extremely volatile. Ideas?
The stock just had a major sell off when they announced that they are doing a public offering: If this is the extent of the selling around $2.50, and if there is nothing horrible in the earnings, its possible there is a trade, but as you said, it is volatile! Be aware of the risk in stocks like this, they can move -30% in a flash!
Thanks! my friend mentioned something about offering warrants. I don't think that helps any but who knows. He likes the CEO a lot and feels a beat coming
