KollagenX Corp. KGNX
After initially mentioning KGNX in Tuesday morning’s premarket report and observing a big intraday swing from this subpenny momentum mover (.00189-.0037, +96%), we mentioned yesterday morning that we wanted to continue to monitor its activity.
It ended up being a smart idea, as we bore witness to yet another solid upswing. After touching a low of .0025 right out of the starting gate, it didn’t take very long for KGNX to begin a run that lasted for the better part of the entire day. The stock ran hard into the close, touching a new high of .0044. It marked an intraday rip of 76%, and an increase of 133% over our observed low on Tuesday.
Once again recording higher lows and higher highs along with stronger than average volume, we’ll need to leave a slot on our radars open for KGNX as we head into week’s end.
Speaking of subpenny momentum plays, we want to keeping watching the activity in On4 Communications, Inc. ONCI.which we also put on watch in Tuesday’s premarket report. We saw the stock trade as low as .0021 that day and it hit .004 yesterday, a move of 90%
With the stock building a continuously higher base of support in each of the past four sessions and running to new highs, it is currently in blue-sky breakout territory. We continue to stay on its trail.
The Children’s Place, Inc. PLCE – Options Recap
We also want to provide an update this morning on the performance of one of our options ideas from this week. On Tuesday we tagged the PLCE Weekly $70-75 Calls for observation, and yesterday they really heated up for us with some serious intraday rips from all three sets of contracts.
$70 Calls – Trading Range: 1.70-3.60 – Max Gain: 112%
$72.50 Calls – Trading Range: .55-1.80 – Max Gain: 227%
$75 Calls– Trading Range: .13-.54 – Max Gain: 315%
Fresh Options Idea: Advance Auto Parts, Inc. AAP Weekly $140 and $135 Puts (Earnings Miss)
SIGO, BOOT, CPXX, GLUU, BBEP(Bankrupt Bottom-Bouncer)