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Hello Readers,
Since the last Newsletter, we closed one position.
MEDICINOVA (5/20/11). Closed position 5/11/12 at $3.90 for a 58% GAIN.
MediciNova’s stock got a pretty nice pop on an upbeat earnings report about its various product candidates. Since this is our first gain in nearly seven weeks, due to the market slide, we see it as a small victory rather than a reason to do cartwheels.