Heard it on the street

Well, I can't say much... but I occassionally hear someone knows more than me, can't tell me what, but tells me to buy it.

First I heard about Avanair around $3, would have given me a nice 33% gain. nice little company that is developing a drug for a disease that no one else has a drug for, or at least one that would be approved in the US market for years. although now its trading over at the AMEX. Hedge funds got into it at under $3.

Also read over on another blog about a company called PTSC... turns out the little company has a patent on microprocessor technology and sent out about 150 letters to major companies about patent violations. Its already struck a deal with Casio and Fujitsu and is issueing 2 dividends within a month on apparent revenues on them. Now if I could only find that blog again....

Got told about SFFS, apparently a guy that knows a guy that knows a guy said something was going on. Someone I know ended up dumping a good chunk into it as part of that, I can't disclose how much but then whaddya know, its announced Hudson City Bank is buying it out for at the time was about a 8-10% premium over what it was trading at at the time.

So anyway was talking to a guy about UNH (Which is cheap as hell) and my most recent heard story is this little company called IONA, anyway apparently they got something in the pipeline and could possible cause a double. I don't like the fact that they risk a delisting from NASDAQ, although I think that their issue can be resolved, just some trouble with some people dieing at inconvenient times for reporting as far as I can see.

I'm still looking into it, I don't like its current price levels and if I do get a position I'd prefer it under $3.50, if I find out what's really going on there I'll definietly get in.