The Bottom

MH

The following is a quick rundown of two very good stocks that I think have either bottomed out or are close to bottoming out. One of the most satisfying feelings in the world is catching a stock with good fundamentals at the bottom when it's about to make it's run and vindicate itself by embarassing all the analysts who told everyone to start shorting it.

1) DNDN 6.51

Dendron is a company that focuses on making drugs to combat cancer. However, they received a huge setback about a week ago when the Feds wanted more information about their newest drug in the war against cancer. In turn, this delayed the release of the drug, which sent the shares plummeting from the respectable low 20's to a fledgling 5 dollars. Everyone watched as DNDN was brutalized in front of the whole country(CNBC felt the need to keep up on the screen that DNDN had depreciated so much). Despite this and my hero Jimmy Cramer saying that this was much too risky to buy, I flagrantly disagree. DNDN has a drug that is almost ready for release to treat prostate cancer and is working on drugs for breast, lung, kidney, and cervical cancer. Not only that, but DNDN has great fundamentals. I think this is a terrific speculative play, but you have to be willing to dump DNDN when it gets high enough. Remember, bulls and bears can prosper, but pigs get slaughtered.

2) GPIC 10.05

If ever there existed a speculative play, GPIC would be it. GPIC manufactures those RFID tags that you're beginning to see in your "friendly" WalMart stores these days. Whether this technology really ever becomes mainstream will be the deciding factor if GPIC's shares explode or not. I don't like GPIC solely because it might go haywire because of its RFID tags. I like it because it manufactures all sorts of gaming equipment(chips, playing cards, tables). The gaming area is an incredibly hot one right now, and I believe that with the opening of new casinos, GPIC will see an increase in its business.