Unilife Corp UNIS Daily - 50% off and close to support

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Unilife is as close to support here and worth a closer look. I am underwater on my previous recommendation on this stock and it is unprofitable currently as a company in the injection needle market. They have some unique solutions that are worth a closer look. I am not doing everyone else's Due Diligence on this one, so I suggest looking closer on your own.

Needless to say (almost a pun), the stock is down on disappointing news and missed earnings expectations, but it is a small cap stock and not many analysts follow the company. They also were hurt by being associated with SeekingAlpha.com and paying someone to write positive articles on the company. It's been in a near steady free fall since then over a month ago.

Take a look here. Not too much risk to that huge support level where blast offs have occurred before.

Keep risk very small. 1% position in a portfolio is plenty big enough. If it turns profitable down the road, then this can grow to a bigger % on its own.

Tim 9:19AM Tuesday, May 27, 2014
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It took 4 months, but it finally rallied on Sanofi news today. Expecting continuation.
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