I know I've talked to a couple of you about CEGE and now it may be my next play, I have a limit order in at .27 right now (I was looking for a drop of approx. 10% after open). I'm not invested in biotech and the word on the street is that a buyout is likely. Any opinions on this stock (Todd, Brad)?
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If anyone is still following CEGE this came out on Friday:
Company: Cell Genesys Inc.
Ticker: CEGE
Disclosure: Cell Genesys said it may not be able to continue its business as a going concern if it can't identify and complete an alternate strategic
transaction. The company said in its quarterly report filed with the Securities and Exchange Commission that it may liquidate its assets if it
can't complete such strategic transaction.
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