Volume Spike Investor » XTLB http://vsinvestor.com Investing in stocks based on short term spikes in volume Sat, 05 Nov 2011 14:20:15 +0000 en hourly 1 http://wordpress.org/?v=3.2 IMPLOSION ALERT: XTL Biopharma (XTLB) http://vsinvestor.com/2008/11/implosion-alert-xtl-biopharma-xtlb.html http://vsinvestor.com/2008/11/implosion-alert-xtl-biopharma-xtlb.html#comments Tue, 18 Nov 2008 15:54:04 +0000 247admin http://www.vsinvestor.com/?p=394 XTL Biopharmaceuticals Ltd. (NASDAQ: XTLB) failed to meet primary and secondary endpoints in its Phase IIB study to treat neuropathic pain in diabetes patients.  This looks like the newest biotech zombie.  In only about 15 minutes of normal trading and with the pre-market trading volume, there has been over 12 million shares trading hands.  This one is perhaps the ugliest of all biotech implosions.  Shares are down 93% at $0.14, yep “NINETY-THREE PERCENT”……

Its prior 52-week trading range was $1.58 to $4.96.

Jon C. Ogg
November 18, 2008

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