Tag: EEDG

ARNA, VGHI & Today’s Extended Watchlist

Arena Pharmaceuticals, Inc. ARNA

We have been covering ARNA for quite some time, since we learned of the possibility of an FDA approval. Yesterday that became a reality, with everyone and their brother discussing ARNA’s FDA approval, including the talking heads on CNBC. Around midday, the stock was briefly halted, before the announcement was made:

“On June 27, Arena Pharmaceuticals announced that the U.S. Food and Drug Administration (FDA) has approved BELVIQ as an adjunct to a reduced-calorie diet and increased physical activity for chronic weight management in obese or overweight adult patients. BELVIQ is the first prescription weight-loss treatment approved by the FDA in 13 Years.”

Shortly following, the stock was reopened for trading, and trade it did! 90.2 million shares, over 4 times the 3mo. average, traded hands. ARNA rose to a high of 13.50. We first alerted ARNA on May 11th, after which time the stock was trading as low as 5.44. That would represent a gain of 148% to yesterday’s high of 13.50.

We feel that once the initial clamor subsides, and the volitility calms a bit, we should see a bit of a pullback, as is to be expected with most astronomical gainers. That being said, the long-term for this stock looks very promising indeed, so while the excitement should begin to die down, our interest in following ARNA moving forward will not.

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VHGI Holdings, Inc. VHGI

Monday, we stated: “On Friday the stock saw abnormally high volume coupled with the 52-week low, prompting us to put VHGI back on our watchlist in anticipation of an eventual bounce.”

It seems we came to this observation just in nick of time. The stock was as low as .055 following this alert. Since then it has seen a high of .095, equating to a gain of 73%. Those that have been with us for awhile know we are not one hit wonders in most cases when we cover a stock.

We will continue to monitor VHGI as it recovers off of its bottom, and in reality, we would not be shocked to see it return to previous support and higher. When we first covered this play, it ran from .20 to .75, and thus huge gains do not seem out of the realm of possibility for VHGI.

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Extended Watchlist:

   EBIG, EEDG, AGDY, UNDR

THWI, VHGI, ECDC, EEDG & Today’s Extended Watchlist

Thwapr, Inc. THWI

On June 20th, we identified support for THWI at .026. We have seen that support hold, and yesterday, the stock hit a high of .04, for a possible gain of 54%, and closing out the day at .035 (+35%).

Moving forward, we would like to see THWI take out resistance at the 20DMA of .037. If it can rise above that level, we feel there is a chance for it to test the 200DMA (.058).

Yesterday’s volume was 2X the 3mo. average, and we just might see a continuation of that, with added help from today’s news:

LAS VEGAS, June 26, 2012 /PRNewswire via COMTEX/ — Thwapr, Inc. (OTCBB: THWI), a mobile video sharing company, will be showcasing its proprietary mobile video sharing platform in a high profile event in Asia – The SME1 Asia Awards 2012.

This exclusive by-invitation-only event is attended by the CEOs of successful Asian companies, industry leaders and government officials from Singapore, Malaysia, Indonesia, Cambodia, Korea, Thailand, Myanmar, and China. This elite event recognizes and rewards successful Small and Medium Enterprises in the region that contribute to the development of people, society and the environment.>>>MORE

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VHGI Holdings, Inc.  VHGI

VHGI set a solid candle on the chart yesterday, with the open of .05 being the low of day, and the close of .08 being the high, putting up a great perfermance, gaining 45% on the day.

The volume was relatively low, which could be an indicator that the selling pressure has dried up, leaving the bottom on this stock behind us. We’ll just want to make sure we keep an eye on this one for support to hold at .05.

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East Coast Diversified Corp. ECDC

ECDC earned us a spot on Penny Stock Rumble‘s winners list, trading over $125000 in dollar volume, and running from .0025 to .0034 for a gain of 36% on Monday. That marked the third winner we called yesterday, and added to the other gains, we were over 100% for our calls on the day.

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Energy Edge Technologies Corporation EEDG

One of our selections from last week also did very well on Monday. EEDG appeared on our Extended Watchlist on Friday. After a .07 close, the stock turned around to hit a high of .153 yesterday, gaining 119%, while giving everyone a sharp reminder NOT to overlook our Extended Watchlists, which we provide for you every single day. It often contains hidden gems such as this.

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Extended Watchlist:

   ARNA, BKW, VPER, EHC

Arena Pharmaceuticals, Inc. – ARNA & Today’s Extended Watchlist

Arena Pharmaceuticals, Inc. ARNA

ARNA has been on an unstoppable run since we’ve had it appear in our newsletters. Even in uncertain times with the market, with the Dow being down more than 200pts yesterday, ARNA continued to push forward, gaining another 11%

That brings the total gain we’ve pulled in from ARNA to 112% in just over a month’s time. There are certainly no guarantees that ARNA will receive the FDA approval that everyone seems to be anticipating. Some would say now is the time to lock in those profits before the results are in, for failure to attain FDA approval could send this stock into a downward spiral.

We’ve even considered the idea of playing puts on ARNA options should things get a little ugly from here. $5 & $7 Puts would be multi-bag winners if the stock should fall to the 2.00 range, a distinct possibility if FDA approval isn’t awarded.

On the flipside, straddling the stock by purchasing both a Call and a Put could mitigate our risk in the event that FDA approval is forthcoming. For example, the $15 Calls were trading at .83 yesterday, and the $5 Puts closed at .38. ($7 closed @ .65) which will be even cheaper if the stock gaps up this morning as it appears to be doing.

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Extended Watchlist:

   THWI, USNL, EEDG, RENU