CBTE too low

One stock I buy and sell a lot (even at my low level of trading) is Commonwealth Biotech (CBTE). A Virginia company – near my hometown – producing biotech solutions for police departments and more importantly, Homeland Security, which has moved INTO my hometown. Homeland is spending $100B or more a year on solutions like the ones CBTE provides.

They had a rough quarter which dropped the stock more than it should have. The company made a couple acquisitions, which is what traders reacted to. They nearly doubled revenue in 2007, which is the part the traders I guess didn’t read about.

From a Feb 12 Press Release:
2007 was a very active year for the Company that was characterized by a near doubling in revenues, the addition of key management personnel, business assets, clients and investors. (read more)

 The stock is almost always running in a loop between $2.60-$3.10 with the occassional 1-2 point jump. Right now they are at $1.99. No big deal, they’ll gain back only the half a point they dropped on Friday, but its a no-brainer (to me lol). It’ll rise back up within 1-2 days. I’m gonna wait and see if it drops a little more after the open before buying some.