Penny stock...synthetic blood (SYBD)

[Danimal]

Been following this for awhile. It's a research company working on synthetic blood. In the early stages. Seems to bounce back and forth between if phase 2 or 3 ends and how those research phases went. Seems like a good buy at $.22...it's been hanging around there for a little. I was thinking about buying around $.44...seems like they are always looking for financing. High risk, but doesn't take a lot of money to make it big on this one. A competitor Northfield Labs (NFLD) has really gained in the last half a year. They are in the same research with the synthetic blood but are much much more along in there developement. What do you think? I was thinking to drop just a few hundred, if not for the potential profit, but for the experience of dealing with penny stock.

http://finance.yahoo.com/q?s=SYBD.OB
http://www.sybd.com/

[GeorgeF]

"experience of dealing with penny stock"

There is nothing to be learned they trade more or less like any other stock. If you want to waste a few hundred on a learning experience buy options, or perhaps short a stock (but remember you might loose a bunch doing it).

As to blodd substitues there are a bunch of unsuccessfull companies. BPUR actually has something vets use on animals, but is not approved for humans.

[laserboy]

Ask yourself "why do you think this company is worth more than it is presently selling for?" and try to come up with a logical argument based on facts and sound reasoning.

Remember, if you can't spot the sucker in your first half hour at the table... you know the rest.