Good-bye Q2, not sorry to see you go; TGIF and Happy July 4th
End of Day, Cause and Effect
Closing Bell: The NASDAQ closed UP +85.56 (+3%) to 2,935.05 while the DOW is UP +277.83 (+2.20%) to 12,880.09.
EOD Commentary: RegMed stocks are trading at … better levels … than, in the week on the … final trading day of Q2/12, with all key indexes … sharply higher, as investors cheered a surprise agreement by EU leaders to help the region’s struggling banks. Just 24 hours ago, we were 400 points lower than this. The CBOE Volatility Index dropped 10% to below 18. Breadth was positive, with universe gainers (16) leveraged against losers (8) versus flats (2)
Enjoy the EU-driven rally as long as you can … because once reality sets in there’s likely to be more trouble ahead for financial markets. The market rallied nearly 2% Friday on yet another round of hopes that the latest EU bail-out program would rescue the debt-plagued euro zone. But … just beneath the bold headlines, though, was a spate of … bad news from both the US and around the world that … all is not as well as it looked.
Let’s not get ahead of ourselves … lackluster 1.9% growth in gross domestic product in Q1/12 … is just one problem. Throw in declining confidence, weakening job growth and a slowdown in spending and it’s clear that even if the EU stabilizes there’s plenty … to worry about closer to home.
Who is up … at the close:
- Advanced Cell Technology (OTC BB: ACTC) +$0007 <+1.14%> to $0.062;
- Biolife Solutions (OTC BB: BLFS) +$0.01 <+12.50%> to $0.09;
- BioTime (Amex: BTX) +$0.20 <+4.55%> to $4.60;
- Cryo-Cell (OTC BB: CCEL) +$0.15 <+6.98%> to $2.30;
- Cytomedix (OTC BB: CMXI) +$0.05 <+3.57%> to $1.45;
- Cytori (CYTX) +$0.07 <+2.66%> to $2.70;
- Dendreon (DNDN) +$0.13 <+1.79%> to $7.40;
- Geron (GERN) +$0-03 <+1.79%> to $1.71;
- ImmunoCellular (Amex: IMUC) +$0.10 <+2.74%> to $3.75;
- NeoStem (Amex: NBS) +$0.02 <+4.28%> to $0.49;
- Pluristem (PSTI) +$0.06 <+2.56%> to $2.40;
- ReNeuron (RENE.L) +$0.10 <+2.60%> to $3.85;
- StemCells(STEM) +$0.01 <+1.25%> to $0.81.
