UPLMQ 0.31 – UPL announced Friday that they were entering into bankruptcy proceedings and a few investors were able to jump out of the stock pre market on Monday as low as .13. The 1,268,371 shares, $194,172, was cut short before the opening bell and today we get a chance to see the whole picture of this 153,388,832 shares outstanding, $32.5 million in operating income last quarter, $1.28 billion in assets, $3.99 billion in debt oil producer.
Is there due to be very big volume for a better than other OTC ticker swing trade from the bottom – you can bet your bottom dollar there will be. Where is the bottom? Let me call Finra quickly, but expect to see high teens for entry.
ARCS 0.0014 – It isn’t much of a move, but the teeny up from .0013 HOD on Friday to close at .0014 yesterday shows some promise for those who got in the .000X zone. StockTips closed down their newsletter with this last year; Wolf hit it on February 22; That which hits ARCS these days is organic, it’s low volume ($22,145), but it’s been working out so far. Upside: .002
BIND 0.38 – The biotech’s cancer fighting ACCURINS® which AstraZeneca PLC (AZN) and Synergy Pharmaceuticals, Inc. (SGYP) have collaborated with, simply isn’t strong enough to fight off their main creditor: Hercules Technology III, L.P. It’s a shame since revenues increased 48% for the year ended December 31, 2015 to $15.4 million compared to $10.4 million the year before, but R&D costs expanded as well, 29% along with G&A expenses, 17%, making it impossible for the $40.4 million in current assets to ward off the $33.6 million in total liabilities.
With their bankruptcy proceedings initiated to protect them from the $13.2 million due to the Greek god-like financiers, BIND shares reacted as expected, dropping to .35 at around 1:30PM with a soft bounce up to close at .38 after 25% ($2,650,310) of the 20,882,339 OS traded.
The best bounce opportunity should occur within the first hour of trading today with a much smaller one due when the “Q” is added and the shares get delisted from the Nasdaq to the OTC. Sad for those who were already in considering BIND traded as high as $1.53 just this past Friday.
CDNL 0.015 – #BeastMode is how to best describe the first trading session of May for the company whose Red Bird System, a solar-powered community-sized drinking water system, is a sought after system for the Chinese. Shares have now gained 200% since CDNL was put #OnWatch less than a month ago and should continue to see some upward movement until the late 10K is filed.
DXMM 0.0183 – After recording a 52 Wk Hi, 0.30, just 2 weeks ago, shares of the previously listed on the Nasdaq full-service media company collapsed to all-time lows after circulating news mid day of their Chapter 11 bankruptcy plans and $2.4 billion debt restructuring. For the company that provides the DexKnows.com® and Superpages.com® websites, a search for a bounce off the lows might be worth looking for 10 minutes into the trading session.
GRWC 1.89 – Rarely do promotions workout as well as Grow Condos has been, especially when the launch for the marijuana focused stock was on April 20, the day which traditionally is the end of the run for those tickers. Well, when you consider how shares have grown from 0.64 to 2.14, 234%, since it was mentioned in chat on April 21, over 100% since last week’s #OnWatch@ 1.07, and volume has been rising too, you could have put a fat down payment on a Condo from this. With how well this is trading, there is undoubtedly a great swing trade opportunity here, especially from the 1.35 – 1.40 range.
ICNB 0.0003 – The .0001 bottom/best entry for this Iconic trip zero lotto didn’t show itself yesterday, but the .0002 – .0005 trading range with $31,045 of volume did, atleast, prove that there is some volatile interest there. There were .0001 shares passing through last week on very small volume so before jumping in, let it come to you if these .0001 Brands are your cup of vodka.
IORG 0.60 – Since GoGoL mentioned IORG last week, shares of the low float ticker have jumped 50%, from .40 to .60, and the Company is still not current with their SEC filings. While I do question a $10 price tag on this without conducting a reverse split of some sort, the .98 52 WK Hi from March 17 could be in question if these uptick volume sessions continue this week.
NEWC 0.0326 – The run has surpassed most expectations since the April 20 follow through from leaving the subpenny dip to .009 April 18. With shares having printed .05 yesterday on volume of $259,851 traded, gains of up to 455%, it might be hot and sweaty in Boca Raton, but it sure is profitable for those who are sitting on the ask with this. #LookingForAPullBack
PTX 0.98 – This speciality pharmaceutical company was giving shareholders such a migraine as its 5.60 52 Wk Hi from August 6 continued to get further and further away into the end of April when a new 52Wk Lo printed at .73. May began with a celebration thanks to a 13G filing which landed 8 minutes after the closing bell Friday which shows how Billionaire investor, Steven A. Cohen, through his Point72 Asset Management are now subject to 5.8% shareholders, roughly 3,724,344 shares. PTX had a huge Monday, but the obvious sign of Friday’s 52Wk Lo will be a clear entry point for anyone not willing to use yesterday’s .90 LOD as one.
ULTR 0.52 – Last week we saw almost all of the marine transportation services companies run on the heels of PRGN’s explosion on Thursday, but ULTR dragged its anchor a bit, only swinging from .19 -.37 and then .26 – .35. Yesterday was their day, running to .82 on just under $10 million traded after pre market news surfaced that they are in on-going negotiations with their secured lenders to extend their existing forbearance agreements, which expired April 30, 2016, for an additional month. ULTR bottomed out at .05 on February 11 when the Tweet about OPEC willing to discuss production cuts/freezes and has since gained as much as 1,540%.
You can choose to swing ULTR up here or take a swing at me for not making it clear this run was going to occur from the .05 bottom almost 3 months ago.
WWIO 0.0003 – SO… with 20 billion shares authorized, 1,686,280,777 shares issued and outstanding as of April 14, 2016, 1 billion of which were owned by insiders, let’s just say that .0001 is the best entry you can hope for. They only have $5 million or so in debt so there chance of them issuing another 18 billion shares in the next week or so are unlikely if it concerns you.
SPY did exactly what it was supposed to do – bounce off the 10 AM reversal and, albeit a Monday where contracts aren’t as cheap as you’d want them to be, the 209 Calls move from 0.40 – 0.70 were worthy of the initial trade of the week.
AAPL had that weird looking print premarket and some bullish sentiment based on volume which was recorded on Call options last week for this week. With an 8 day decline, the bullish, changed to bullsh!t when shares dipped to below the 92.50 support level before a $1 bounce into the last 2 hours of trading. That support line tested again this week will be a clear sing that low 90’s, high 80’s are going to show themselves for the first time in 18 months.
QQQ had excessive volume (all buys) hit the May 20 100 PUTS @ .22. The chart clearly shows that support rests at around 103, but since a drop of any significance to test that line this week will produce some gains on the 3 week out contracts. QQQ is the ETF that trades on the Nasdaq and tracks the Nasdaq 100 Index.
LNKD Calls was alerted in chat by eyedoc Chris and they paid the price of admission on Monday. Being a higher priced contract play, keeping an eye on another Calls play today will be one which is likely to be discussed in detail pre market in chat.
VRX took a huge hit after Warren Buffett made some derogatory comments about the drug price fixing on CNBC over the weekend. VRX shares bounce well off their LOD and provided a triple digit percentage play in both directions during the session. Being the high profiled case VRX is in and how Bill Ackman was even on CNBC yesterday defending it, the $26 support level will be one to look at as support if the 29.40 level breaks this week.
Economic news to look out for today: None besides FOMC member Mester speaking at 10:30.
Europe has us dropping back to that 2065 support line on S&P Futures – a line to keep in mind as we jumped $10 from it yesterday to 2075 which equates to around 208 on SPY.