Trading Alert for 6/8/2011

$MRNA - symbol to trade tomorrow, June 8. $MRNA - Marina Biotech, a leading RNA-based drug discovery and development company, reported data demonstrating increased hybridization affinity and activity with the Company's proprietary Conformationally Restricted Nucleotide (CRN) technology.
We traded $MRNA successfully on May 24th last time and the set up I outlined that time is still in play. $MRNA is out of its downward channel and due for a good bounce into $0.50+ area. See my last post on $MRNA

Backtested Symbol: $MRNA
Strategy: Pennystocks100 (5 min chart)
Period: Jun 7, 2010 - Jun 7, 2011
# Win: 2
# Loss: 0
Winners: 100%
Profit-Loss%: 8.76%