thanks for your input here....i wasn't sure what to make of it.....way i was leaning, first thing is the sale has to be successful, correct? they gotta be able to sell those 4 million shares at the price they're asking. i was kicking myself earlier for holding too long, but looks like i still got out before the end of day drop.
now, if the sell is complete, they would then have roughly 4 million new institutional investors, which i think would be a good thing. what do you think?
dilutions drag on stocks near term...it'll be around 1 tomorrow most likely.....but if they put their cash to good use to grow their company it is good for the long term
this particular issue just a volatile biotech who's fate rests in the results of their drug development so who knows
guessing no future with this one personally
they using the money to redo the phase II trials as the company believes it wasn't that postive a result because the junkies didn't take the pill regularly
this particular issue just a volatile biotech who's fate rests in the results of their drug development so who knows
guessing no future with this one personally
they using the money to redo the phase II trials as the company believes it wasn't that postive a result because the junkies didn't take the pill regularly
also looks like they say it failed with the methheads....so banking on it working for the coke heads....if they can get um to pop the pills regularly this go round LOL
also if they gotta dilute to do the phase II again they will need to dilute again down the road to do the phase III and such and phase III i believe costs alot more than phase II
also if they gotta dilute to do the phase II again they will need to dilute again down the road to do the phase III and such and phase III i believe costs alot more than phase II
yeah, it fell to 1.05 after hours. as someone who held through the month of september, the next bouncy bouncy wasn't until .80.....
i think the wildcard is their deal with northwestern university. the cpp 109 drug they're working on -- well, they've been working on it for years. there is a variation of the compound that NU scientists discovered , and granted exclusive rights for cprx to market and develop it. this was the reason for last month's move. cprx owes NU money, both up front and periodically. i'm gonna be watching this like a hawk, because there is something brewing here.
i think the phase 3 is where they are looking for investors/partners. it's why i was wondering about this upcoming sell. if i'm an institutional investor, why would i put money into them, even if it was just $1 a share? the drug also has the potential to treat smoking and obesity (among a bunch of other compulsive disorders), and cprx has exclusive rights to market and distribute it.....also, they were granted fast track status from the fda, so once they do get the ball rolling....
some stocks i'll be looking at heading into next week
CPRX: dropped to .96 today after getting all the way to 1.74 yesterday. Next solid support is .80. I'm waiting to see how this stock sale goes and how they plan to move forward.
ETRM: This stock lost 80% today. They were working on an anti obesity drug -- actually, it was some kind of implant that controlled the part of the brain that tells us we're hungry. They announced today that the phase II failed. I need to do some more homework, but my first thought here, and after looking at the chart, is that it could get a nice bounce from these levels, although it would be short term. No future in this stock unless they announce a plan for recapitalization and forward plan.
ABK: I have had success moving in and out of this stock. I would like to see it get pushed down to the $1.10-$1.20 level in the next 2 to 3 weeks, as this thing has been good for 75% runs in the days leading up to its quarterly report.
BIOF: After a huge run up yesterday, they sold down to below a dollar today, but a last minute round of buying sent it up to $1.05 at the close.
FRE and FNM: Say what you want about these types of stocks, but like ABK, they have been getting pushed down the last couple weeks. I will be monitoring them, especially as earnings reports near. People love to speculate on these, and I wouldn't be surprised to see their share prices drop for another couple weeks....at which point i might play it with the goal of riding the earnings speculation bounce.
stayed out of the market today, which was a good thing. pretty much everything i tracked declined steadily all day today.
CPRX: dropped to .96 today after getting all the way to 1.74 yesterday. Next solid support is .80. I'm waiting to see how this stock sale goes and how they plan to move forward.
ETRM: This stock lost 80% today. They were working on an anti obesity drug -- actually, it was some kind of implant that controlled the part of the brain that tells us we're hungry. They announced today that the phase II failed. I need to do some more homework, but my first thought here, and after looking at the chart, is that it could get a nice bounce from these levels, although it would be short term. No future in this stock unless they announce a plan for recapitalization and forward plan.
ABK: I have had success moving in and out of this stock. I would like to see it get pushed down to the $1.10-$1.20 level in the next 2 to 3 weeks, as this thing has been good for 75% runs in the days leading up to its quarterly report.
BIOF: After a huge run up yesterday, they sold down to below a dollar today, but a last minute round of buying sent it up to $1.05 at the close.
FRE and FNM: Say what you want about these types of stocks, but like ABK, they have been getting pushed down the last couple weeks. I will be monitoring them, especially as earnings reports near. People love to speculate on these, and I wouldn't be surprised to see their share prices drop for another couple weeks....at which point i might play it with the goal of riding the earnings speculation bounce.
stayed out of the market today, which was a good thing. pretty much everything i tracked declined steadily all day today.
I'm taking a few days to track some things in regards to how pre market trading reflects how a stock may do during regular trading hours. I am looking at stocks that trade between .75 to 1.75, with a volume of at least 100,000, and are on the major exchanges.
CRXX: It had a premarket high of $1.74, opened at $1.40, and reached a high of $1.63 before closing at $1.49. It reached its high in the first 30 minutes of trading
GLUU: Had a premarket high of $1.50, opened at $1.25, and reached a high of $1.52 in the first 2 hours of trading. It closed at $1.44.
OPTV: Had a premarket high of $1.56, opened at $1.54, and reached a high of $1.59 late in the day before closing at $1.54
A small sample I know, but give me a couple more days. Notice that CRXX and GLUU both opened considerably lower than their premarket highs, and both stocks moved up quickly after the opening bell before falling back and trading in a tight range the rest of the day.
Now look at OPTV, which opened near the high of its premarket activity and remained stagnant throughout the day.
This pattern also falls in line with CPRX, which before gapping up last week, had reached a premarket high of $1.60, but opened at $1.12 (I'm going off memory here, so I may be off a few cents) and ran to $1.73 in the first hour of trading before falling back down the rest of the day.
The idea here is simply to look for stocks that are trading up in premarket, and track where they open the regular trading session in relation to their premarket high. So far the pattern is this: look for a stock that is up at least 10% in pre market, and if it opens up considerably lower than its premarket high, then that stock is good for an early bounce. If it opens near its premarket high, then it tends to trade within a narrow range throughout the day.
I will try to post a list in the morning before the markets open of stocks that are gapping up in pre market, and after the markets open we'll see where the prices are at. I have stated before that I'm not looking to buy and hold, just simply trying to buy into a quick rally. Being a brand new month, I'm now buying 3,500 shares at a time with the intent of making at least .5 on each trade, or $175.
CRXX: It had a premarket high of $1.74, opened at $1.40, and reached a high of $1.63 before closing at $1.49. It reached its high in the first 30 minutes of trading
GLUU: Had a premarket high of $1.50, opened at $1.25, and reached a high of $1.52 in the first 2 hours of trading. It closed at $1.44.
OPTV: Had a premarket high of $1.56, opened at $1.54, and reached a high of $1.59 late in the day before closing at $1.54
A small sample I know, but give me a couple more days. Notice that CRXX and GLUU both opened considerably lower than their premarket highs, and both stocks moved up quickly after the opening bell before falling back and trading in a tight range the rest of the day.
Now look at OPTV, which opened near the high of its premarket activity and remained stagnant throughout the day.
This pattern also falls in line with CPRX, which before gapping up last week, had reached a premarket high of $1.60, but opened at $1.12 (I'm going off memory here, so I may be off a few cents) and ran to $1.73 in the first hour of trading before falling back down the rest of the day.
The idea here is simply to look for stocks that are trading up in premarket, and track where they open the regular trading session in relation to their premarket high. So far the pattern is this: look for a stock that is up at least 10% in pre market, and if it opens up considerably lower than its premarket high, then that stock is good for an early bounce. If it opens near its premarket high, then it tends to trade within a narrow range throughout the day.
I will try to post a list in the morning before the markets open of stocks that are gapping up in pre market, and after the markets open we'll see where the prices are at. I have stated before that I'm not looking to buy and hold, just simply trying to buy into a quick rally. Being a brand new month, I'm now buying 3,500 shares at a time with the intent of making at least .5 on each trade, or $175.
Ena
ENA
This stock is currently up 177% in after hours trading (from $1.13 to $3.13) on just 300 shares traded. I don't see any press releases as of yet. It will be interesting to see what this does in pre market trading tomorrow, although it doesn't fit into any of the parameters I look for, but there is an exception to every rule. Mainly, I want to track after market action and see how it relates to the next day's activity.
FONR:
Is up 33% in after hours trading (from $2.15 to $2.85) on 14,000 shares traded.
ENA
This stock is currently up 177% in after hours trading (from $1.13 to $3.13) on just 300 shares traded. I don't see any press releases as of yet. It will be interesting to see what this does in pre market trading tomorrow, although it doesn't fit into any of the parameters I look for, but there is an exception to every rule. Mainly, I want to track after market action and see how it relates to the next day's activity.
FONR:
Is up 33% in after hours trading (from $2.15 to $2.85) on 14,000 shares traded.
just a bad trade on ENA
FONR up on the quarterly results
CPRX i'm guessing is a done deal for a while as far as trading goes most likely
they pumped her up into the dilution and now that it came it'll hang around the 1 area or lower....till they get some results/news regarding their drugs and such
FONR up on the quarterly results
CPRX i'm guessing is a done deal for a while as far as trading goes most likely
they pumped her up into the dilution and now that it came it'll hang around the 1 area or lower....till they get some results/news regarding their drugs and such
i may get back on cprx if it dips into the mid .80 range. 3 times last month, when it touched those levels it ran 50% within a couple hours before falling again on no news. but i agree, that until CPRX makes some kind of headwinds with what it's working on, i don't think it's worth holding -- though i do think it's good for a bounce here and there.
UCBH
got it on a dip at .955....one of those high risk financials, looks like the chinese are stepping in.....i almost bought at 1.08, by the time i got done reading the PRs it had dropped, so i got a little lucky. here's to hoping it has another run in it
it's one of those high risk banks, so definitely got to keep an eye on it
got it on a dip at .955....one of those high risk financials, looks like the chinese are stepping in.....i almost bought at 1.08, by the time i got done reading the PRs it had dropped, so i got a little lucky. here's to hoping it has another run in it
it's one of those high risk banks, so definitely got to keep an eye on it
got out at 1.17....really wanted to hold into the close, but don't want to get stuck. managed to get out at close to its high, will track this for the next few days. has a lot of upside potential, but if the chinese bank is unable to reach an agreement with the fdic it could quickly fall back below a dollar. i'll gladly take a $700 profit on the day and see if there's any positive news in the next couple days.
27% short too, so if there is substance to the takeover, it could move fast
27% short too, so if there is substance to the takeover, it could move fast
Let track these for tomorrow
EMMS It gained almost 50% today to close at .99, which was near its day high of $1.04. In after hours trading it is at $1.05. The stock is nearing its one year high of $1.23, and today was the first time in almost a year that it crossed $1. Earnings are due on Friday. The stock is up 300% since July. There was no pre market activity on this stock.
FTWR: This stock traded narrowly in pre market. The stock just seemed to come from out of nowhere. It closed at $1.13 yesterday, opened up at $1.12 today, and had a rocky climb to $1.27, after which it stagnated until the last 15 minutes of the day where it rallied from $1.25 to $1.35. The company is just releasing its 2nd quarterly report. Don't know if I'd want to touch this right now though. Not really sure how much upside potential there is in the industry, and it's already doubled in the last month.
PRXI: These guys release earnings tomorrow. A roller coaster in the last hour of trading, as the stock ran from $1.23 to $1.39 before falling to a close of $1.32 in the final couple minutes. The stock is up about 80% in the past month.
UCBH: My little baby today. It had a pre market high of $1.04, opened at .99, and climbed right to $1.08 before dropping sharply and rising to as high as $1.22 before closing at $1.16. I'm hoping to jump back on, as I think this has huge upside potential, especially with 30% of the float being short. Its one year high is $7.47. I didn't want to tempt fate though, as there's a lot of question marks. This is one of the banks that received TARP, and analysts say even if the Chinese are allowed to take a 50% stake, they would still be short of the regulatory requirements. The Comapny was also notified by the FDIC that it has 60 days to meet minimum requirements, and they are also facing lawsuits from shareholders for doctoring their quarterly reports, which the company pretty much admitted to when they said they would redo their 2nd quarter earnings and two of their top officers stepped down. I wouldn't dare hold this into the close (not even with your money), as the wrong type of after hour news could send it straight into the dumps, but I do think it has awsome potential for another 50 to 100% gain in a day's trading, especially if there's a short squeeze.
EMMS It gained almost 50% today to close at .99, which was near its day high of $1.04. In after hours trading it is at $1.05. The stock is nearing its one year high of $1.23, and today was the first time in almost a year that it crossed $1. Earnings are due on Friday. The stock is up 300% since July. There was no pre market activity on this stock.
FTWR: This stock traded narrowly in pre market. The stock just seemed to come from out of nowhere. It closed at $1.13 yesterday, opened up at $1.12 today, and had a rocky climb to $1.27, after which it stagnated until the last 15 minutes of the day where it rallied from $1.25 to $1.35. The company is just releasing its 2nd quarterly report. Don't know if I'd want to touch this right now though. Not really sure how much upside potential there is in the industry, and it's already doubled in the last month.
PRXI: These guys release earnings tomorrow. A roller coaster in the last hour of trading, as the stock ran from $1.23 to $1.39 before falling to a close of $1.32 in the final couple minutes. The stock is up about 80% in the past month.
UCBH: My little baby today. It had a pre market high of $1.04, opened at .99, and climbed right to $1.08 before dropping sharply and rising to as high as $1.22 before closing at $1.16. I'm hoping to jump back on, as I think this has huge upside potential, especially with 30% of the float being short. Its one year high is $7.47. I didn't want to tempt fate though, as there's a lot of question marks. This is one of the banks that received TARP, and analysts say even if the Chinese are allowed to take a 50% stake, they would still be short of the regulatory requirements. The Comapny was also notified by the FDIC that it has 60 days to meet minimum requirements, and they are also facing lawsuits from shareholders for doctoring their quarterly reports, which the company pretty much admitted to when they said they would redo their 2nd quarter earnings and two of their top officers stepped down. I wouldn't dare hold this into the close (not even with your money), as the wrong type of after hour news could send it straight into the dumps, but I do think it has awsome potential for another 50 to 100% gain in a day's trading, especially if there's a short squeeze.
Looks like PRXI is getting an end of day bounce heading into earnings. Unfortunately, it's gonna be a day or two before my brokerage releases my cash. I don't know why they do that -- when I make a sell, it shows the cash from the sell, but it takes a day or two before I can access it. Hopefully the sell I made yesterday will be available to trade with tomorrow.
It could be their way of keeping clients from falling into the day tader pattern, who knows.
It could be their way of keeping clients from falling into the day tader pattern, who knows.
has to do with settlement date stuff
although i'm surprised they put a hold on your stuff usually they let you do what you want but if you day trade actively and don't follow the settlement dates and trade stuff before funds settle on several occasions they suspend your account sometimes
if you open a margin account you don't have to worry about that stuff
although i'm surprised they put a hold on your stuff usually they let you do what you want but if you day trade actively and don't follow the settlement dates and trade stuff before funds settle on several occasions they suspend your account sometimes
if you open a margin account you don't have to worry about that stuff
