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PLUG continues to be a winner for us, seemingly, every time we mention it in one of our reports. Yesterday, we were anticipating a potentially profitable session based on observed indicators on the chart, and once again our timing proved to be extremely accurate.After touching a low of .58 early in the day, PLUG would climb for the rest of the session, closing at its high-of-day, .67. That represents a solid 16% increase on slightly less than twice the 3mo. average volume. With a head of steam like that building, we’ll be sure to continue monitoring PLUG today.
YRC Worldwide, Inc. YRCW
On Wednesday, YRCW appeared in our extended watchlist as a play that was gapping down, noting that we were on the lookout for a reversal. That’s just what happened, as we observed a 13% intraday move from the stock on that day. We continued to monitor YRCW yesterday and were once again met with positive results.
Trading in a daily range from a low of 7.51, YRCW was up as high as 8.699, marking a 16% intraday gain.
Vanda Pharmaceuticals, Inc. VNDA
After an appearance in Tuesday’s extended watchlist, and a feature in Wednesday’s report, wherein we were expecting FDA-related news from VNDA regarding a New Drug Application. The result was so highly-anticipated that it warranted NASDAQ to halt the stock on Thursday.
The FDA committee indeed met and are recommending approval of the company’s drug “tasimelteon, proposed tradename HETLIOZ(TM), for the treatment of Non-24-Hour Disorder (Non-24) in the totally blind.” Non-24 is
As expected, the stock has resumed trading today and is gapping up this morning, with trades going off in the 14.60-16.50 range. This is already a substantial increase from our initial alert price at 11.07, and with positively-charged FDA news hot off the presses, profit margins could very well expand even further.
Virtual Sourcing, Inc. PGCX
Our timing was just a little bit early in our October 24th mention of PGCX. We were looking out for a bottom that would take until early last week to occur. However, when it did, it bounced off of support at .08, and subsequently made a 100% rip to .16.
The stock caught our eye yesterday, as it appeared to be searching out support once again, and found it at .09. We are curious to see how high the resulting bounce here could be in comparison to the one we observed previously.
Fannie Mae FNMA
& Freddie Mac FMCC
We follow this mortgage lending pair fairly regularly, and began re-introducing them onto our main watchlist on October 24th. At the time FNMA was trading as low as 1.86, and FMCC at 1.69. Each has been on a steady increase since that time, with Fannie hitting a high of 3.08, and Freddie, 2.90. Both show no signs of relenting today, and are gapping up in premarket trading. (FNMA last traded at 3.42, FMCC at 3.30)
Some of you might remember the gains amounting to 350% we saw from these play earlier this year, so if past results are any indication of what we can expect from these two moving forward, we could be in for yet another wild ride at their expense.
Extended Watchlist:
CTIC, ICLD, FENG, SKBI, FONR, NOK, QCOM