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I think you were right Brian

CBS wtites “And Trinity Biotech PLC (TRIB: news, chart, profile) of Ireland said early Monday that its Uni-Gold Recombigen HIV test had been approved by the FDA. The company noted that Uni-Gold, a one-step test that produces results within 10 minutes, was the first HIV test device to be approved for use with human serum, plasma and whole blood.

The news sent shares of Trinity up 56.7 percent to close regular trading at a 52-week high of $5.14. In late trading, the stock rose 6 percent to $5.45 and was one of the most active issues on Inet ECN.”


CBS writes “In biotechs, Trinity Biotech (TRIB: news, chart, profile) continued to storm ahead, rising 25 percent to $6.41. Shares in the Irish company soared 57 percent on Monday after it said it won U.S. clearance for its 10-minute HIV test.”

What goes up must come down:

2/01/04 CBS writes “

Last 5 days quote
Date Close Net Change % Change **
31Dec2003 5.58 -0.61 -9.84%
30Dec2003 6.189 1.05 20.41%
29Dec2003 5.14 1.86 56.71%
26Dec2003 3.28 -0.02 -0.61%
24Dec2003 3.3 0.11 3.45% “

Another 5% down again today for the new year. Snakes and ladders

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