Daily Watchlist - September 7, 2017

This is a watchlist of stocks for September 7th, 2017

1. VSTM – Huge day for this small cap biotech – BIG NEW % WINNER – Closed up 28% today
   • Gapped up from yesterday’s close. Opened higher but premarket action faded and stock closed lower on the day
   • Pre-market trading bottom today at around $5 before surging to $5.75
   • Opened at $5.53 and had a morning dip down to $4.83
   • Recovered back up to $5 and held on around there throughout the day
   • GOOD NEWS: catalyst for the rally was the announcement of positive top-line data from the Pivot Phase 3 DUO study for the treatment of certain types of Leukemia
   • Keep in mind that this is a BREAKOUT – 1-year HIGH was hit today due to good news release

2. ZAIS – Closed up over 86% today
   • Massive gap up on volume spike
   • Small financial stock
   • SUSPICIOUS: no good news releases… just a massive gap up
   • DOES NOT have a good history of holding spikes
   • Has a long upper shadow on daily candle
   • Watch for any moves tomorrow but the odds are not in its favor

3. CBIO – Closed up over 11% today
   • Small cap biotech company
   • Pre-market high of $4 before declining
   • Opened at around an intraday low of $3.50 before staging a gradual move up all the way to $4.75
   • After hitting its intraday high, it began its mid-morning decline throughout the rest of the day to $3.75 – MASSIVE SPINNING TOP with a HUGE UPPER SHADOW
   • GOOD NEWS: company announces positive factor IX clinical data
   • Overall long-term chart is ugly and in a downtrend
   • Watch for any premarket action tomorrow

4. MGTI – Up almost 6% today
   • A stock that had a parabolic supernova explosion higher recently and in the past as well
   • Generally, speculative penny stocks like this can explode higher again and again
   • Looking to dip buy this into a morning panic
   • Not a good idea to chase this stock
   • Wait for a massive move down before getting in … look to get in and get out ASAP
   • Take the 30 to 60 cent profit moves … DO NOT GET GREEDY! Too much risk

5. WNDW – up another 6% today – KEEPS SPIKING TO NEW HIGHS – congrats to the longs
   • A week ago, this stock was trading at around $3.50
   • Looking at the 5-year chart, WNDW appears to have formed a DOUBLE TOP
   • The surge in price is off of GOOD NEWS regarding an agreement for production of the company’s electricity-generating glass with award-winning fabricator
   • Would not recommend chasing this stock although it’s entirely possible that WNDW could break out of its DOUBLE TOP and soar higher
   • This stock is certainly a potential DIP BUY but only after a massive panic like on August 31st last week

6. PULM – down about 14% today – MASSIVE RED DAY today
   • Massive up today yesterday from $1.85 to $2.50
   • Pre-market action today at a high of $2.66
   • Massive morning panic from that intraday high to $2.10
   • Rebound to $2.30 – a 10% dip buy opportunity
   • Not surprising that this stock tanked given its history of not being able to hold its spikes past a day