Exact Sciences Announces Positive Results For Cancer Diagnostics Screening

Exact Sciences is experiencing a wild After-Hours Ride Today.  It has dropped significantly below 6.50 then back up to 8.57 and now back down to 6.75.  I wonder about a flash crash happening in after hours trading and how much investors are selling off their stocks.  Right now Exact is down 1.83 at 6.74 a 21% loss.  But it will be right back up tomorrow so I'm not sure what is really going on.  Massive afterhours sell-off is causing a crash.  Take a look at afterhours trading news here at Marketwatch:  EXAS

Now is not a time to sell as trading Friday could be significant gains with news of a successful Diagnostic testing for Colon Cancer screening.  But what is going on with Investment Banks right now in after hours trading is somewhat troubling.  How much is controled in after hours trading is a mystery to me, but I know it is not the average investor making these moves.  Internal trades are happening at this moment but why is the price of Exact Sciences dropping so much.  Trading was halted earlier today in anticipation of the news release.  Here is that news. 

Exact Sciences says colon cancer test successful

* Screening test detects 64 pct pre-cancers

* Detects 85 pct cancers
* Exact Sciences test detects 87 percent of tumors

* Finds 64 percent of pre-cancerous growths (Adds details on 2nd test, refiles to fix headline)

Exact Sciences Anticipating Oct. 29th Results

Image by Christiana Care via Flickr Exact Sciences has been on fire lately.  I do think that the stock will dilute in the next few weeks but I could be wrong.  They will need to recoup some of their capital from their clinical trials debt that they have accrued.  Exact Sciences is a very explosive stock that could really go higher than expected.  Who Knows?  I really like the options for Exact Sciences growth in 2011 and beyond.  In 3 Months Exact has gone from  3.46 to 8.88, a gain of 158.89%.    I expect it to drop down a bit and would suggest any future purchase of shares to come down a bit with a Limit Order.  Buy Exact at  some form discount at these very hyped up increased levels.  But they might not come down and you should buy some at the current Market Price. 

Wikinvest---Exact Sciences (EXAS)

Google Finance--Exact Sciences (EXAS)


Biotech Stock Mailbag: Exact Sciences

BOSTON (TheStreet) -- Did you catch Jim Cramer's excellent Mad Money segment Wednesday on Exact Sciences(EXAS_)?

If not, a question from Paul P. on the colon cancer diagnostic stock kicks off this week's Biotech Stock Mailbag: "Have you followed and/or have any thoughts on Exact Sciences? I've been following it and am hearing that it may be overhyped. Your thoughts would be appreciated."