3SOF

Wish we didn't have to but panic selling has currently made this stock oversold and now is very attractive buy. Personally purchased more at .31
Never has dropped more than a nickel each down day so its up from here.

This a great trading stock. if you don't believe me just look at the recent activity. If you buy right now in the low .30's you have a great chance of catching the next pop which this stock is doing over and over again to the high 30's and low 40's. I've loaded up the last run at .32 cents and sold off at .39 overnight! loading up again not that were staring at the low 30's again and its acting just like it did last time. It is consolidating at higher levels and the lows never go pass 30 cents. beautiful. GL

Testing the 30's again and holding strong!

I'm watching the chart very closely and there is a lot of strength building that will lead to a great days end. This has happened once before when I traded the stock in the beginning when it was down 3 cents and then suddenly ends the day green up 2 cents. Heavy insider accumulation looks like and the MM's hold the price down until the end of the day after buy up everyone shares that go shook out by an adverse move. 30 cents is as low as they are willing to buy at for whatever reason. From their they aggressively buy it back up. I watch the numbers all day and see exactly when a certain support comes in. I would not be surprised if we end positive for the day and see an after market rise.

Buying pressure has started!

currently trading sideways. I have a limit out at 30 and am not able to get any. selling pressure is dissipating and is primed for a pop. The next pop will keep this stock above 40, Happy trading.

What you have to say now. Its 0.27$. do u still feel it will go up tp 0.40

yes I still do! The reason is that you can trade this stock for quick profits or you can hold until the merger. Most investors time frame is too short. This adverse turn will hurt the account for the short term but it was grossly oversold at 27 cents and have since bounced back to 28. Let me just say that of course I could be wrong and I will eat it if I am, but currently I am very bullish on this stock.

mee holding to...
lets see what happens

DARA BioSciences, Inc. Announces New Board Chairman
Thursday October 25, 7:00 am ET
DARA announced an agreement to merge with Point Therapeutics, Inc. (Nasdaq: POTP - News) and on October 17, announced the completion of an in-licensing transaction with Bayer Pharmaceuticals.

For more information please contact the Company at 919 -872-5578 or visit our web site at www.darabiosciences.com.

Let's see if we can get a bounce north of this 50% Fib retrace.......

Technicals
Percentage Loser

Last Price Quote is:
-6.10%below 13-day MA
58.80%above 50-day MA
RS Rating: N/A 

Fundamentals
Earnings Expected on Nov 8

Key Data:
Market Cap (M): $12.19 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Sector Perform

to determine the value of DARA. Lets do a backward calculation based on a current average price of $0.40 per point share with a total of 46mil shares, that works out to be approx $18,400,400. And this value is suppose to match the equivalent of 3.6% of the value of the new company, so if we use $18,400,400 divided by 3.6%, that works out to be $511,111,111. Meaning that the new company has to worth at least $511 million such that it will match a current point share of $0.40. So do you think that the new company worth $500 over mil? if its not, then each point share that we are currently holding will be north of 40 cents. GL

 volume is good for this stock in comparison to the humdrum days when it couldn't even break 1 mill. We are moving out of the oversold area which is exactly the safest buying point because this is where the trend changes and the momentum heads north. Our 50 ma is still in an upward trend and we're still trading above it, perfect. The only unhealthy thing i see here is the MACD which looks like it will need a couple of days to correct itself.
From a chart perspective we bottomed out with a reversal doji, which will be confirmed today when we close in the green. All in all, this is the stock to buy

Check the techs. Nice.

Strong support at 24 right now as we're trying to move north of the oversold position. Why got dragged down by the rest of the NAS yesterday with that ugly ugly market.

We are in the oversold area once again.
The last time we were here I bought half my holdings worth at this level and averages down. It then promptly went up to 29 cents.
As long as we are oversold at the low 20's there is a heavy upswing.
Don't forget that this merger will happen and management has to make sure this stock is much higher than it is now. GL