Tag: RNN

EWSI, FREE, PLUG, IDRA, DSCO & Extended Watchlist

E-Waste Systems, Inc.  EWSI
Following Friday’s newsletter, EWSI opened at its low of day at .043, and would go on to close at its high of day at .05, marking an increase of 16% This comes after we pointed out the stock coming off of a recent bottom, and with a bullish close like we saw on Friday, we are going to be watching this one to make higher lows and higher highs to confirm the current uptrend.

We were clued into re-alerting EWSI on Friday as a result of a good chart setup on both the RSI and the MACD. With no morning gap-up, Friday’s 16% move was purely realized gain.

We have witnessed EWSI run to ten cents in the past, so we know for a fact that it is capable of much larger gains. Indicators seem to point to the current push spanning multiple sessions, leaving it high on our watchlists as we begin a new trading week.

FreeSeas, Inc. FREE
 Over the course of a few weeks since we alerted FREE for the first time on 09/10, we have seen FREE go on a mammoth run from .2213 all the way up to .9287, an increase of 320%

Following that peak, the stock has pulled back to find support in the .60-.70 range, and now have it on watch for another possible leg up from these levels. The next key area of resistance from here is going to be the 200DMA at .98.

Plug Power, Inc. PLUG

We first called PLUG on 02/15 as a “potential recovery play” right after we noticed the stock hitting its 52-week lows. What we ended up seeing from PLUG was a recovery, and then some. Over the past several months, the stock not only regained the ground to where it had fallen off a cliff in early February, but the stock has continued its ascent, touching a high of .80 in early September.

As you can see, gains of nearly 600% were possible for anyone who had caught this play at or near its 52-week low on the heels of our initial alert.

Idera Pharmaceuticals, Inc. IDRA
& Discovery Laboratories, Inc. DSCO

Both of these stocks gapped up on Friday after appearing in our extended watchlist, and we still have them on our radars heading into this week.

Each stock traded large volume during Friday’s sessions, so we’re interested to see if they can build up some momentum.

Extended Watchlist:

RNN, ONVO, ONTY, CTIC, TKMR, ATOS(Huge gap down, watching for a potential bounce)

DCTH, ZLCS & Extended Watchlist

Delcath Systems, Inc.  DCTH
Following its inclusion in yesterday morning’s extended watchlist, DCTH would go on to have a massively successful day of trading. The stock, after briefly touching a bottom at the .402-mark, went on an absolute tear as it reached a high .66 around lunchtime.

A single-session gain of 64% on the first day we placed DCTH on our watchlist is certainly nothing to sneeze at, and given the circumstances behind the upward surge, that may have only been the beginning.

The company received word from the FDA that its Primary Liver Disease treatment, ChemoSat, had received “orphan drug” designation, a classification which denotes a drug or procedure that is aimed at a disease which affects less than 200,000 people. About 26,000 Americans are diagnosed with Primary Liver Disease each year.

(Thomson Reuters ONE via COMTEX) — New York, NY – October 1, 2013 – Delcath Systems, Inc. (NASDAQ: DCTH), a specialty pharmaceutical and medical device company focused on oncology, announced today that the U.S. Food & Drug Administration (FDA) has granted the Company orphan drug designation for melphalan in the treatment of patients with hepatocellular carcinoma (HCC, or primary liver cancer). >>>FULL STORY

Side Note:
We rarely see stocks in this price range with an active options chain, but DCTH is an exception. The 12/21 .50 Calls jump out at us at first glance. If the stock were to approach a dollar between now and the expiration date, one could be looking at triple-digit gains.

Zalicus, Inc. ZLCS

Coincidentally, ZLCS, a stock that we’ve been following since the beginning of last month, also received a recent FDA orphan drug designation for its experimental Z160 drug, intended for the treatment of pain related to the Shingles.

Hitting a high of 1.38 yesterday, we finally saw ZLCS fill the gap on the chart that we had been pointing out for some time. Since we’ve been following ZLCS, we’ve seen a low of .78, and yesterday’s high represents a 77% gain off of that bottom. The filling of that gap was a pretty good indicator that it was time to take profits off of the table, so we certainly hope that folks were able to take advantage.

This morning, they also announced a reverse split, the result of which should be the stocks continued listing on the Nasdaq Capital Market, as it should enable shares to remain above the 1.00 minimum bid price required for listing. We would expect shares to come away from this split valued in the $6.00-range, and sure enough, we are seeing trades go off as high as 6.45 pre-market.

Zalicus Inc. (Nasdaq Capital Market: ZLCS) today announced that it has filed a Certificate of Amendment to its Sixth Amended and Restated Certificate of Incorporation, with the Secretary of State of the State of Delaware to effect a 1-for-6 reverse stock split of Zalicus common stock, effective as of October 3, 2013 at 12:01 a.m. Eastern Time…The reverse stock split will reduce the number of shares of common stock issued and outstanding from approximately 147.5 million to approximately 24.6 million. >>> FULL STORY

Extended Watchlist:

VICL, CRRS, CIMT, MNTG, RNN, MSTX

IWEB, CLNO & Extended Watchlist

IceWEB, Inc. IWEB
–
IWEB is looking strong this midweek, after having achieved higher lows and higher highs for the past three sessions. After the initial run we saw out of IWEB last week from .024-.0355, and several subsequent bounces, the stock settled back and found support around our original alert price. Since then it has been steadily building back up, currently holding above the 50DMA of .0259. Looking ahead, our key resistance point is last week’s swing high of .0355.

Although IWEB has worked out well for us in the short term this week, we are still attracted to the stock for its long-term potential as well. We’re anxious to follow along as the company continues to pursue its well-laid plans for expanding into a full-range cloud services provider.

Cleantech Transit, Inc. CLNO

Many of you will recall CLNO as a stock that brought forth the chance at nearly 5000% in gains this spring, as it exploded from our original alert price of .0055, to a high of .365. At that point we saw a tapering of the chart, and after observing a bottom, yesterday we got CLNO back onto our watchlist just in the nick of time.

After opening at .13 and touching a low of .12, the stock rose as high as .225, an intraday gain of up to 88%

Extended Watchlist:
SPEX, INSM, ABIO, RNN