Friday, October 05, 2007
CARDICA, INC. (CRDC)
This really is an amazing little company that not many people know about. The system this company developed is called the C-Port Flex Anastomosis System. I'm sure they spent just as much time coming up with a name as they did the procedure it performs -- a closed-chested heart bypass surgery.

I originally heard about this company earlier this month when they had come out with the innovative procedure for heart bypasses. I thought a lot of it at the time, but never bought into the company. I kind of forgot about the company for a little bit until we saw it start to run into close on Thursday. I saw that the stock was up quite a bit without any news that day so I was considering a short - thankfully it never got filled as the stock continued to soar.

I looked into Cardica again only to find out it was that little $5 stock that I was reading about earlier in the month which was only up 70% at the time. Now, a few days later, we're looking at roughly a 240% gain. Cardica recently showed up at a small cap growth stock conference and they're really showing a lot of promise going into the future.
Written at 8:05 PM by Wayland.
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