Daily Watchlist - September 7, 2017

This is a watchlist of stocks for September 7th, 2017

  1. 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

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

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