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Thursday, June 17, 2010

June Stock Update

OK, I'll admit it. It has been a terrible stretch for stocks the past several weeks and many a portfolio has suffered... Including mine.

But a couple stocks on my watch lists are on the move.

NBIX - Neurocrine Biosciences, Inc. +34% for the month

Has announced two major world wide collaborations with other drug makers and distributors.

UPI - Uroplasty, Inc. +20% for the month

Has announced that they are on the preliminary list for the Russell Microcap Index due out June 15th. This will really help gain exposure to this small volume stock play.

AAPL - Apple. +9% in one week.

An old favorite and former watch list stock Apple has recently started presales launch of their new iPhone4, which was in such great demand that they and AT&T had to halt pre-release sales and postpone the delivery date. Nothing drives up a stock price more than overwhelming demand for a new product. Especially one that even isn't out on the market yet.

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