{"id":3070,"date":"2013-10-31T16:11:13","date_gmt":"2013-10-31T16:11:13","guid":{"rendered":"\/?p=3070"},"modified":"2013-10-31T16:11:57","modified_gmt":"2013-10-31T16:11:57","slug":"diadexus-inc-otcmktsddxs-reaches-unstable-price-levels","status":"publish","type":"post","link":"\/articles\/diadexus-inc-otcmktsddxs-reaches-unstable-price-levels\/","title":{"rendered":"diaDexus, Inc. (OTCMKTS:DDXS) Reaches Unstable Price Levels"},"content":{"rendered":"

\"DDXSchart.png\"It is not a common sight among the various medical pennystock companies to see one that has a completed product, generates revenues and is capable of continued growth. Still diaDexus, Inc. (OTCMKTS:DDXS<\/a>) has been able to achieve all of that and on Monday they announced the financial results for their 13th quarter of year-over-year growth.  <\/p>\n

 
The recent performance of their stock has started to reflect the positive development of the company and in just three months it more than doubled, jumping from $0.8 to $2.10 per share. Last week it reached the new 52-week high of $2.23 but it has dropped a bit since then. In early trading today the ticker is behaving rather erratically making a couple of sharp falls but recovering right away. The current price levels might prove to be unstable with investors starting to take profits. <\/p>\n

As we said, on Monday DDXS<\/a> held a conference call and made public the latest financials of the company. Total revenues amounted to $6.4 million, a 21% increase compared to same period last year. Despite the significant sales the company is still unable to turn in a positive bottom line with net loss of $400 thousand. However, this won’t be a problem for now due to the $12.2 million cash reserves available to the company.<\/p>\n

Earlier this month they were able to double the amount of their loan agreement with Comerica Bank from $5 to $10 million. This will enable DDXS<\/a> to continue with the development of their pipeline and to submit their PLAC blood test for a clinical validation trial by the end of the first quarter of 2014. Still using caution is advisable when investing in the company. They have been featured in a number of email alerts albeit for no disclosed compensation by the pumpers. <\/p>\n

And playing pumped stocks is becoming riskier and riskier. Yesterday saw another company being suspended by the SEC – Press Ventures, Inc. (OTCBB:PVEN<\/a>). They were touted by Pennystocks.com, a newsletter that can be linked to the recently retired Awesome Penny Stocks. On the other hand the $500 thousand pump for Bison Petroleum Corp. (OTCMKTS:BISN<\/a>) is going strong currently sitting at $1.58, or 8% above the previous close.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

It is not a common sight among the various medical pennystock companies to see one that has a completed product, generates revenues and is capable of continued growth. Still diaDexus, Inc. (OTCMKTS:DDXS) has been...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1087,881,978],"class_list":["post-3070","post","type-post","status-publish","format-standard","hentry","category-news","tag-bisn","tag-ddxs","tag-pven"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=3070"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3070\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}