IBIO, ARNA, & Today’s Extended Watchlist

iBio, Inc. IBIO

We’ve been quietly watching IBIO for quite some time. This AMEX stock has been on a consistant downtrend for the past couple of months, and is reaching the point where we felt it was time to begin sniffing for a bottom.

As you can see from the chart below, IBIO has the look of a stock that could be in for quite a recovering run once that ultimate bottom is reached. Shares from this price level could really turn out to be a bargain in the long run.


Arena Pharmaceuticals, Inc. ARNA

ARNA hit a high of 8.65 on Wednesday.  That’s a 57% gain from the stock’s low (5.50) following our initial alert. It appears that many investors are, like us, highly anticpating the possibility of ARNA’s FDA Approval.

We’ve already seen sizable gains from ARNA, and certainly would like to keep the stock on our radars for the forseeable future. We will, of course, keep you updated as to the situation.


We’d like to congratulate any traders who managed to trade RGIN successfully yesterday, as it was not for the faint of heart. The stock opened at .285 yesterday, and hit a high of .44 before falling into the close at .20. Savvy traders could still have made an intraday gain of 54% early on, and if anyone caught the afternoon bounce from .151 to .249 that came following the high of day, an additional 62% gain was possible.


Extended Watchlist:

THWI, OMVE & Today’s Extended Watchlist

Thwapr, Inc. THWI

Within the past month, THWI has exploded 1336% from .0055 to .079. The stock ran into resistance at the 200DMA. After such a surge, consolidation, which we’ve been seeing over the past couple of weeks, is to be expected.

THWI has been maintaining support above the 20DMA, and has made higher lows for the past five sessions. To us, that seems like a recipe for another possible breakout.

Apart from a nice chart setup, the company has had a slew of PR’s over the past few weeks that we’ve linked to below. We’ve also included a video chart for your convenience.

Recent Press:

Thwapr Executes on Channel Partner Strategy in Asia -06/11

Thwapr to Localize Its iPhone App for China -06/04

Thwapr Takes Steps to Protect Its Patent-Pending Technology in China -05/31

Thwapr, Inc. Provides Corporate Update on Asia Progress and Asian Outlook -05/29


Omni Ventures, Inc. OMVE

Having seen higher lows for four consecutive sessions following a bounce off of its bottom, OMVE is another play that we dug up in our search for new blood.

Our penny-sense is starting to tingle, as all the chart indicators seem to be ripening up. We’ve generally observed, that once a stock moves past its 200DMA, a breakout often follows. That said, we’re looking at .22 (200DMA) as the next key area of resistance.

We’ve provided you with a video chart for OMVE as well:


We also wanted to congratulate anyone who was able to take advantage of our calls from yesterday’s report. Both YIPI and ARNA enjoyed solid performances during yesterday’s trading. Both stocks closed near their high-of-day on abnormally high volume.


Extended Watchlist: