Here is what i’m watching 12.10.16 – Wednesday. The S&P 500 gapped down and stayed bearish the hole day. If it breaks the previous lows we have a good chance for a long bear market. Since the S&P have uptrended a long time.
$BSPM – had a good 90% run today. Catalyst; launch of a new product aimed to treat effects of rhinitis and sinusitis. Shs float only 1.77M. Tomorrow we have a good chance of a following up day since the stock holded his lows in the 5.40s. I will look after a OB or a HL to buy into. Would be nice to hit the 7s also.
$MGT – spiked into close with 40%. Catalyst was downtrend + Asset purchase agreement with D-Vasive. Shs float 23.55M. I will look after a OB or a HL to buy into. Would be nice to test the 2.6s.
$NVFY – following spike with a $15M supply agreement. Will be a possible buy at breakout 5.15.
Potentially bounce plays – $VCEL, $ATLS, $THLD and $CLDX
Eyes – $GBR, $NYMX, $NWBO and $STAF