Giggles N’ Hugs, Inc. GIGL
We were exceptionally pleased with the performance of GIGL after including it in Friday’s premarket report, and our timing really couldn’t have been any better. The stock had been trading sideways for months, without so much as a spike, yet it still broke out for a monstrous single-session move.
GIGL traded up from an early low of .0053, smashed through the penny barrier, and hurtled its way to an impressive high of .024. That worked out to an intraday push of 353% and it came on record volume.
For those reasons, we’ll certainly be ready to continue monitoring the activity in this play. We’ll of course allow for the possibility of some course correction, but the odds of seeing either a continued increase, or a dip-and-rip scenario, seem reasonably high at this point.
LIG Assets, Inc. LIGA
We also got a pretty good performance out of LIGA, which was another inclusion from Friday’s report. The move didn’t quite rise to the magnitude of the aforementioned stock, it did attain double-bagger status with a significant gain opportunity.
From a low of .001, we watched as LIGA shot to a high of .0022 inside of the first two hours of trading. That was good for quick gains of up to 120% Perhaps just as importantly, the stock maintained more than half of its daily advance, so we’ll be keeping an eye peeled in sessions to come.
Merrimack Pharmaceuticals, Inc. MACK
We also want to draw attention to MACK this morning, a stock that we haven’t visited in quite some time. Following the establishment of a new 52-week (and indeed, a three year) low on Friday, a bombshell development hit wires this morning and is really causing a stir.
PPS has increased considerably in premarket trading as the company announced that it has sold a pancreatic cancer drug, among other assets, for a cool billion dollars. (>>View PR)
Whenever a major catalytic event such as this transpires, we always like to monitor the situation on the tail end. Hypothetically, a return to its pricing from around this time last year, from this point, would carry a gain of around 100%
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