Star Scientific (STSI) Bulls Fight Back
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Amid a 16 percent slide in shares of Star Scientific, Inc. (NYSE: STSI) despite seemingly positive news about a settlement with Reynolds, investors are snapping up shares on Wednesday on new-found confidence.
The lack of details about the amount of the settlement had investors nervous and bears growling earlier in the week. Given the lack of disclosure, rumors were being spun that the settlement would be but a pittance of what was expected. However, word that at gag order was the reason the amount couldn't be disclosed has given bulls new life.
On such bull is Dr. John L. Faessel. Dr. Faessel issued an update to readers to on Star Scientific, calling it "The Last Great Buying Opportunity."
He notes that what we know for sure is that "Star now owns the subject patents as the US Supreme Court has vacated the patent case at the behest of both Reynolds Tobacco and Star." He expects details to be forthcoming shortly and claims things have "never been better for Star."
Shares of STSI are up 12.5 percent mid-day.
The lack of details about the amount of the settlement had investors nervous and bears growling earlier in the week. Given the lack of disclosure, rumors were being spun that the settlement would be but a pittance of what was expected. However, word that at gag order was the reason the amount couldn't be disclosed has given bulls new life.
On such bull is Dr. John L. Faessel. Dr. Faessel issued an update to readers to on Star Scientific, calling it "The Last Great Buying Opportunity."
He notes that what we know for sure is that "Star now owns the subject patents as the US Supreme Court has vacated the patent case at the behest of both Reynolds Tobacco and Star." He expects details to be forthcoming shortly and claims things have "never been better for Star."
Shares of STSI are up 12.5 percent mid-day.
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