We tagged both INSY and HSGX in yesterday morning’s premarket report, and both stocks produced admirable runs on the day.
INSYS Therapeutics, Inc. INSY just registered its lowest price ever earlier this week, and we thought it would be worth it to track as a potential bottom-bounce play. The return was instantaneous. INSY opened at a low of .32 before running as high as .74, which marks an intraday pop of 131%
There is still a huge gap to the topside on the chart, so we’ll definitely continue to monitor the activity on INSY in the days and weeks ahead.
Histogenics Corp. HSGX was also a solid mover for us on the day yesterday. This stock has traded mostly flat for the whole of 2019 so far, but it looks like we tagged it as a bottom play at an opportune moment.
From a low of .24 it reached .32 for a respectable 33% gain, but this could just be the beginning. We’ll want to continue tracking this play as well.
As we were just mentioning yesterday morning, we designated a pair of contracts to watch in the CNC chain toward the end of March, with the CNC 09/20 $50 & $55 Calls.
Since that time the stock has been in a near-continual uptrend, and after yet another bullish session yesterday, we have new highs to report on our ideas. The $50 Calls have now traded in a range from 1.80-9.50, amounting to a total move of 428%. The $55 Calls have been on an insane run, and they have thus far traded up from .31-6.70. That works out to a rise of 2,061% in a span of only nine trading sessions.
BP Prudhoe Bay Royalty Trust BPT
Weve got another options chain that we ‘d like to signal some longer term calls in as well. BPT fell off a cliff yesterday, and while it may have slightly further to fall before reversing, the chart shows a history of rapid recoveries whenever the stock is beaten back as it has been this week.
We’re going to designate the BPT 05/17 $22.50-25 Calls as two contracts of interest and begin to track them over the days and weeks ahead.
We’ve had AMR on our radar since the stock dropped off a cliff and fell down to the .20-.30 range recently. The surge of course-corrective momentum that has flooded back into the stock is what is catching our attention here.
AMR filed for bankruptcy on Nov. 29th, resulting in a huge selloff, and as in many cases of bankruptcy, a rebound play is following. Of course, we are not calling this a long term play, but the opportunity for quick gains while the stock still has momentum exists.
Bank of America Corp. BAC
We mentioned Bank of America yesterday, and so far, our assertions were correct. The stock is continuing to push steadily higher after finding a recent bottom. It looks like the closing weeks of 2011 are going to be a good time for investors to position themselves to make a tidy profit in 2012.
Closing at 5.89 on Wednesday, it still appears that the next main level of resistance won’t likely materialize until the 6.60-6.75 range.
Proteonomix, Inc. PROT
The last time we mentioned PROT, it ran from .40 to to .75 for an 87% increase. The stock is now back to the level of our original alert, and we are seeing a level of buzz and excitement building around the stock in various newsletters.
We just want to put it back on our radar after seeing the kind of results that a small round of promotions brought last time around.
Exit Only, Inc. EXTO
EXTO recently dipped to just below .005, thus we wanted to include it in our mentions once again today. The stock has been looking like its beginning another uptrend over the past couple days. We have been with EXTO for a long time, all the while being brought opportunities time and again from this stock. We see no reason why this time should be any different.
On a side note, it is still up more than 140% from our original alert six months ago, and to be truthful, it will probably remain on our watchlists for another six.