This is a watchlist of stocks for September 7th, 2017
VSTM – Huge day for this small cap biotech – BIG NEW % WINNER – Closed up 28% today
• Gapped up from yesterday’s close. Opened higher but premarket action faded and stock closed lower on the day
• Pre-market trading bottom today at around $5 before surging to $5.75
• Opened at $5.53 and had a morning dip down to $4.83
• Recovered back up to $5 and held on around there throughout the day
• GOOD NEWS: catalyst for the rally was the announcement of positive top-line data from the Pivot Phase 3 DUO study for the treatment of certain types of Leukemia
• Keep in mind that this is a BREAKOUT – 1-year HIGH was hit today due to good news release
ZAIS – Closed up over 86% today
• Massive gap up on volume spike
• Small financial stock
• SUSPICIOUS: no good news releases… just a massive gap up
• DOES NOT have a good history of holding spikes
• Has a long upper shadow on daily candle
• Watch for any moves tomorrow but the odds are not in its favor
CBIO – Closed up over 11% today
• Small cap biotech company
• Pre-market high of $4 before declining
• Opened at around an intraday low of $3.50 before staging a gradual move up all the way to $4.75
• After hitting its intraday high, it began its mid-morning decline throughout the rest of the day to $3.75 – MASSIVE SPINNING TOP with a HUGE UPPER SHADOW
• GOOD NEWS: company announces positive factor IX clinical data
• Overall long-term chart is ugly and in a downtrend
• Watch for any premarket action tomorrow
MGTI – Up almost 6% today
• A stock that had a parabolic supernova explosion higher recently and in the past as well
• Generally, speculative penny stocks like this can explode higher again and again
• Looking to dip buy this into a morning panic
• Not a good idea to chase this stock
• Wait for a massive move down before getting in … look to get in and get out ASAP
• Take the 30 to 60 cent profit moves … DO NOT GET GREEDY! Too much risk
WNDW – up another 6% today – KEEPS SPIKING TO NEW HIGHS – congrats to the longs
• A week ago, this stock was trading at around $3.50
• Looking at the 5-year chart, WNDW appears to have formed a DOUBLE TOP
• The surge in price is off of GOOD NEWS regarding an agreement for production of the company’s electricity-generating glass with award-winning fabricator
• Would not recommend chasing this stock although it’s entirely possible that WNDW could break out of its DOUBLE TOP and soar higher
• This stock is certainly a potential DIP BUY but only after a massive panic like on August 31st last week
PULM – down about 14% today – MASSIVE RED DAY today
• Massive up today yesterday from $1.85 to $2.50
• Pre-market action today at a high of $2.66
• Massive morning panic from that intraday high to $2.10
• Rebound to $2.30 – a 10% dip buy opportunity
• Not surprising that this stock tanked given its history of not being able to hold its spikes past a day
