The next multi-bagger...

Quote from michaelscott:

This concerns me too.

The first concern is that its a small cap pharmy and we all know what can happen to these things with one wrong announcement. Fortunately, I dont see any huge gap downs in the last few years so I think we might be safe.

Secondly, this reached a high in late January and then lost momentum from there. While the market has been going straight up since the February correction, SVNT has been drifting downward making lower highs and lower lows.
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Unfortunately Cramer came out in January with SVNT as one of his top 3 speculative picks in 2007 so that in part fueled the run above $15. It was ahead of itself at that time. Pullback was expected IMO.

The Phase 3 should wrap up late summer or early fall, within the 6 months your original post specified. Required endpoints of the trial are same as Phase 2 and they have a SPA.

I think it can see $20 by fall and $25 by year end assuming no surprises in Phase 3. Probability of success is 90% or so IMO.

Last, I've traded SVNT (formerly BTGC) since 1998 and it can be a decent trading stock.
 
Quote from michaelscott:

Id be willing to look at it.
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I think it's something you'd like. Check it out, it's good stuff and will easily pay for itself in one trade. There is tons of customizable features for alerts and I think you'd like it.

trade-ideas.com

Cheers. :D
 
JBLU up 4.7% today while the market is currently down 127 points, and crude oil futures are up 70 cents.


Whats up ? Michael I need u ! lol
 
I think MAMA is going to double in the next 48 hours. I just have this feeling. This stock makes me nervous to trade it, but thats my feelings. I hope it doesnt hurt my feelings..
 
Quote from michaelscott:

I think MAMA is going to double in the next 48 hours. I just have this feeling. This stock makes me nervous to trade it, but thats my feelings. I hope it doesnt hurt my feelings..
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I've got to hand it to you...most people don't usually just swing their balls around like that...that's a bold call and I can tell your balls are bared. Good luck bro, can't follow you into that cave! :)
 
Think about it. The Russell2000 looks like its about to fail the cup/handle. A failure of the cup/handle thesis means a real 10% tanking of the index.

If Mama is doing well today, then that means the earnings report has leaked. Someone knows something.

A Director of mama works for Google. Last earnings report was good where they swung to a profit.

So why isnt everyone running out from Mama? What do they know? I would think with the R2k looking like its going to fail and it being may, that Mama would be down by at least 4%.

Its not raining in mama. No weakness. Whats the story? The story is that its going up much higher from here.

If Im wrong, then I'll probably have to go to Don Brites trading school in Las Vegas.
 
I just looked at the time&sales. Someone ran into the stock in the first hour of the day. Why were all these guys running into this stock with the market tanking? Hmmmmm. We will see in a few hours what is underneath the hood.
 
Quote from michaelscott:



If Im wrong, then I'll probably have to go to Don Brites trading school in Las Vegas.
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I'm not sure Don usually likes this as advertising for himself...funny as hell though! :D
 
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