Still a sub-penny stock, but it seems that the bottom has been reached for Genta Incorporated (OTC:GNTA). On the other hand, there is still much uncertainty, so caution should be exercised when taking an investment decision. 
2011 did not treat GNTA well. A stock price of $0.52 per share in January, a session yesterday closing at $0.0023 per share. Not exactly optimistic. Let alone, last December it was around $2 per share. But this is all in the past. Recently, Genta Incorporated enjoyed a good deal of trading activity. Ever since the beginning of September, trading volumes keep way above 10 million shares per session. So far, not much of a beneficial condition for the stock price, though.
Now, it is important to mention that there were no press releases yesterday to inspire traders for the hype that took place. There is, however, another catalyst to check – promotional activity. It was yesterday morning that an alert came out, focusing additional attention to GNTA. As it seems, it might have worked as more than 70 million shares exchanged hands. Yet, it is also worth-mentioning that shorters had a busy day, as well. A very busy day, considering the data for short-selling activity this Tuesday. [BANNER]
So, this was probably just a one-day hype. Yet, given that the third quarter is over, financial results are to be released in the next several weeks, and it is ultimately up to them as to whether a positive trend would form on the stock market, or the free fall would continue
