June 15th review
10:15 PM Posted by MH
Positions traded for a lose : none
Holding positions : MPG / VG / NWD / ACLS / FTK / ANDS / GNVC / DDSS / KFN / MGM / CRXX
Well, like I had predicted last week, market down big today but still ended pretty strong end of day. I thnk we gonna see green markets tomorrow first in the morning. And I didn't buy or sell any shares today. Stay out of unpreditable market.
Stock of the day - MPG
Maguire Properties (MPG) and its joint venture partner, Macquarie Office, announce that, in anticipation of a possible payment default, they have entered into negotiations with the special servicer under the CMBS financing covering the Quintana Campus in Irvine, California.
UP 50% close at 1.60, what a run in single day :)
My target was $1.70 and think it will hit tomorrow morning. Let's see!
Stock's to watch Tomorrow
SPNG - Told you yesterday, this company is scam, original pump and dump but didn't have time to short it. Because of My EYES T.T
And I strongly believe my ctocks will go higher soon!
EXCEPT NWD/VG - can't figure these two. :( One thing I know is both hit dead bottom. I don't think it can go lower than this.
Green 님 donated $20 today. Thank you for your support!
-Market Hunter-
June 10th Review
8:36 PM Posted by MH
m***i_16 - Donated $20, Thank you any donation support for this blog.
Positions traded for a gain : sold DAN for $3010 gain / SQNM for $880 gain / VRNM for $1846 gain
Positions traded for a lose : none
Holding positions : MPG / VG / NWD / ACLS / FTK / ANDS / GNVC / AFT / DDSS / PINN
DAN - sold for 31.39% $3010 gain, nice for one day trade.
SQNM - bought this morning dip at $4.55 and sold at $4.95 for 8.79% $880 profit, example of scalping trade. People always take profits after big runs, you need little more skills and fast determination for scalping trade. Quick $880 in 10 mins.
VRNM - chart break out in my radar this morning, got in at $1.76 for $1.81 break out and broke $1.81 easily and flying to .95(hod). sold at $1.90 for another quick and easy 18.68% $1846 profit.
Two new positions for tomorrow
DDSS - DD for DDSS, huge volume coming in today! over $2 today, $3 target at least
DDSS $1.77 FDA Approval Pending (Nasdaq)- Strong Buy
1)Partnerships for Trazadone in USA. Seeking a partner upon FDA Approval
Major partnership already with Tramadol with Purdue Pharma (Maker of Oxycontin)
2)Approval of Trazadone (DDS-04A) on July 18th via a 505 for formulation change
(PDUFA date of 7/18/09)
http://www.labopharm.com/default.aspx?id=214
3) Phase III study published in A peer-reviewed journal providing evidence-based information to practicing clinicians. The poster, entitled Once-Daily Trazodone in Major Depressive Disorder: Double-Blind, Placebo-Controlled Study, concludes Labopharm’s trazodone formulation is an effective and well-tolerated treatment for MDD patients, which improves quality of sleep.
http://www.psychiatrymmc.com/
4) 49th Meeting of the New Clinical Drug Evaluation Unit (NCDEU) of the National Institute of Mental Health to be held from June 29 to July 2, 2009- Will present positive Phase III Data they submitted for Trazadone approval to the FDA
http://www.nimh.nih.gov/research-funding/scientific-meetings/recurring-meetings/ncdeu/index.shtml
Poster of Phase III Study to Appear at Scientific Meeting in Florida
Labopharm will present a poster discussing the results of the Phase III clinical trial of its novel trazodone formulation at the 49th Meeting of the New Clinical Drug Evaluation Unit (NCDEU) of the National Institute of Mental Health to be held from June 29 to July 2, 2009. The poster, entitled Once-Daily Trazodone in Major Depressive Disorder: Double-Blind, Placebo-Controlled Study, concludes Labopharm’s trazodone formulation is an effective and well-tolerated treatment for MDD patients, which improves quality of sleep.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6337663
Co-sponsored by NIMH and the American Society of Clinical Psychopharmacology (ASCP), NCDEU is a scientific meeting that brings together academic researchers involved in clinical trials, research pharmacists, clinicians and clinical staff, and investigators with the pharmaceutical industry. The NCDEU program includes presentations and information from the National Institute of Mental Health, ASCP, and the Food and Drug Administration (FDA).
5) DDSS one of only 7 FDA approvals left on the year!
http://seekingalpha.com/article/136045-vanda-pharma-an-extreme-fda-trade-that-paid-9-more-to-go?source=yahoo
6)Approval of Trazadone in other countries
PINN - gas play, oil momo, volume alert, watching this since last year, all oil penny stocks are on fire. Target = $0.80 first and $1.60 next.
Stock of the Day
FTK - finally(?) moving, up 27% today, nice volume, oil price rising, looking so good everything, see you at $5.
GNVC / ANDS also closed strong today :)
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Another sideway for the market today, four days straight. Oil prices strike new high for 2009, commodities and dollar price are rising. This is really confusing me, don't know which way to go.
But who cares? You always can find stocks you can profit with, right?
Good Luck
-Market Hunter-
June 9th Review
10:10 PM Posted by MH
Positions traded for a lose : none
Holding positions : MPG / VG / NWD / ACLS / FTK / ANDS / GNVC / AFT / DAN
Another sideways for the stock market today, low volume. I can say that last three days of market was weird. Big and important news were out every day but we just haven't moved anywhere. I really can't figure out the market these days, doesn't mean that I can't pick a BOOM stock like GNVC anymore. Don't worry! :)
My stock of the day SHZ
I picked up SHZ at .69 and you know what happens right? booming to $2.43(hod) in 30mins. Made quick $10K.
and I bought some DAN @1.37 on LEA momo. Broken 1.40 support level, closed at $1.52.
Nice chart break out, will be another winner tomorrow.
GNVC - closed real strong, end of day squeeze, up 17%, don't chase this at $2.00, continued run in AH, gapper tomorrow, more shorts than SQNM, will squeeze harder.
SQNM - I'm not holding this anymore but another example of patience WINNER.
Congrats all winners today! Good Night!
-Market Hunter-
June 8th Review
8:55 PM Posted by MH
Sold GFG for 10.71% $1200 gain / sold half GNVC for 45.33% $2550
Positions traded for a lose : sold ANX for 18.75% $1800 loss
Holding positions : MPG / VG / NWD / ACLS / FTK / ANDS / GNVC / AFT
Stocks reversed steep losses in the final hour of trading Monday to end little changed. The Dow Jones Industrial average recovered from a 130-point slide to end up a little more than a point. Wow Did you guys see that last hour running?
Another sideways for the market with low volumes. Oil and commodities fell as the dollar strengthened.
I sold GFG this morning with slight gains,sold too early at .31, hit .40 today high.
Also bought some ANX this morning and ouch, bad news out right after I got in. sold for $1800 loss.
Ok, here is my two main trade today.
AFT - got in at .30 this morning and bOOmed closed at .40 high of day, I was watching this for few weeks already, on my radar on last Friday with unusual volume and again this morning. Today was largest volume in history for this stock, will be a gapper tomorrow for sure.
GNVC - sold half of my shares at 1.09 with $2550 gain and got back in at .87 end of the day. Another massive volume today, news will be out soon, hopefully :)
-Market Hunter-
June 5th Review
11:51 PM Posted by MH
Sold BQI for 3.6% $400gain / MXC for break even / DPTR for 34.66% $3050 / EXXI for 16.96% $1650
Positions traded for a lose : none
Even oil prices briefly surpassed $70 a barrel, I sold all my oil plays without FTK, too some profits for reorganized my portfolio.
Holding positions : MPG / VG / NWD / ACLS / FTK / ANDS / GFG / GNVC
Like I predicted yesterday, Stocks end flat as unemployment rate checks gains.
Stocks have rallied sharply over the past three months and I still believe stock market should keep rising. Market holding and closed above 8700 mark today.
Two things that I worrying about is commodity and oil prices, which can lead to inflation.
Ok, STOCK OF THE DAY - ACLS
I've been holding this for about a month now, first got in @ .51 and drop to .37, actually I DID average down at .43, holding 40k avg at .47. I mentioned yesterday about breakout points at .50, it broke today afternoon and flys to .66 and closed at .58. Another Patience WINNER.
and here is today's picks
GFG - dangerous play, high risk/ high return. Every index fund sold GFG yesterday on the S&P deletion. Yes, it is bad news but I think it won't take much time to back up. BK risk, even it goes BK, value still at around $0.10-15 or goes to $1 with capital infusion news. Don't follow this one if you can't afford.
GNVC - I think additional phase 3 results to come out soon, phase 3 data pancreatic cancer increase survival rate by 70%, fast track FDA drug approval process, final phase 3 result should be out soon. It can be another DNDN or follow AGEN.
ah,,so tired today, have great weekend and see you on weekend updates!
-Market Hunter-
June 4th Review
10:12 PM Posted by MH
Positions traded for a lose : none
Holding positions : MPG / VG / EXXI / NWD / ACLS / BQI / MXC / DPTR / FTK / ANDS
I didn't buy or sell any shares today.ADNS news were out today, Anadys to cut 40 pct jobs, suspend drug development. I think this is not bad news at all. Their problem was equity infusion and that part is out of way, their testing should be on schedule. Need more patience on this one will add more under $1.80 area.
All my oil stocks were doing great, and ACLS volumes surged once again today, will be interesting day tomorrow.
VG/NWD still behind, need MUCHO patience :(
The Dow Jones industrial average rose 74.96, or 0.9 percent, to 8,750.24. The broader Standard & Poor's 500 index rose 10.70, or 1.2 percent, to 942.46, and the Nasdaq composite rose 24.10, or 1.3 percent, to 1,850.02.
Today was another big rally day for bio stocks, I saw GREEN 30%-80% everywhere.
People forget about oil stocks because of it. Crude Oil reached almost $70 a barrel today but too many lagging oil stocks out there in my sight. People always chase it when up too much already.
Buy When Nobody Wants To Buy & Sell When Everybody Wants to Buy.
Example chart below-----------
Dow finished well above 8700 mark, this is good thing that holding 8600 level but tomorrow is Friday and I think market will move side way. Good Luck always!
-Market Hunter-
