Lot78, Inc. LOTE
Yesterday, as we were congratulating those of our members who had caught our tag of LOTE in last Thursday morning’s premarket report, which ran 70% from .0037- .0063 on Friday, we mentioned that our continued interest in the stock was predicated on it maintaining support above .0046. Not only did it manage to do so, but what followed was a monstrous session that carried it from subpenny territory, on into Pennyland! It was a truly excellent way to kick off the short trading week.
From a daily low of .0052, LOTE roared its way to an afternoon high of .0152. a move of exactly a penny, which provided the chance at intraday gains of up to 192% From our observed low of .0037 from the prior session, that represents a two-day swing of 311% The move came in conjunction with the stock’s third-highest trading volume of 2016, and the close came just two ticks below the HOD, at .015.
We’ll certainly have LOTE, which now qualifies as a momentum-play, near the top of our watchlist as we progress through this holiday-shortened week. On any pullbacks, we’ll want to see the stock maintain support above a penny.
BIND Therapeutics, Inc. BIND
Another solid pick from yesterday’s report came in the form of BIND, a company that had filed for Chapter-11 this spring.
We caught this one on the heels of its acceptance of Pfizer’s $20M stalking horse bid, in which the pharma giant intends to acquire most of the bankrupt company’s assets barring the submission of any higher bids when the assets go to auction later this month.
As for the opportunity that was present following our inclusion of the play in yesterday’s morning report, BIND traded in a daily range from .57-.79, a respectable single-session rip of 39% We’ll continue to track this play in the event it can hold support above yesterday’s swing low.
Santa Fe Gold Corp. SFEG
On Friday morning, we marked SFEG for tracking, and what has followed is two big sessions of solid gain opportunities. Before breaking for the holiday weekend, the stock traded in a range from .0115-.0165 for an initial gain of 43%
Then yesterday, things really took off in a northerly direction as the stock traded up from .0194 to an impressive new high of .044. That came out to a single-session jump of 127% and a two-day swing amounting to 283%
With the stock firmly in blue sky breakout territory, we’ll want to continue to keep an eye peeled to monitor its activity going forward. Considering the kind of volatility we’ve witnessed thus far, a dip-and-rip scenario could be waiting to play out on the chart.
Added Note: Speaking of gold plays, the markets experienced a selloff yesterday, and appear to be in line for another possible downturn today. As such, we’ll look to these gold-related stocks as a corresponding idea.
AngloGold Ashanti Ltd. AU and Royal Gold, Inc. RGLD
GCHK, TALK, SOUP, DCTH,