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- Why LBPH went up 300% today
Why LBPH went up 300% today
Know these 3 tips when trading hot stocks
Dropping šÆ I Countdown ā³ I BANG š„ I 3 Trades ā I Operation January
Start 2024 off with a BANG!
ā³countdown timer in effectā³
Good evening,
Markets got destroyed today.
So I was careful what I alerted subscribers.
My pick was LBPH.
Of course anyone can pick todayās hottest stock.
But 3 distinct things led me to believe it would trade 50% higher from the $17ās to the $25ās.
Smartphone alert sent to subscribers in real-time, like a SMS text.
The dilution risk wasnāt high. The company has 9.5 months of cash or a burn of -$13.28M quarterly with $42M cash. High dilution risk gives sellers the upper hand and itās hard for early morning momentum to sustain itself.
Itās a true small-cap ($300M-$2B) at $612.72M with a normal 17.11M float meaning thereās bigger holders in the stock and that makes the price action more reliable. Big stakeholders like Blackrock, Vanguard and JPM have big holdings in this one. Itās the low float micro-cap and nano-cap stocks that are vulnerable to pump and dumps. You know, the tiny stocks that go up 200% premarket but are back to even by lunch.
All-time high breakouts are known to run multiple days and thatās exactly what happened here. In fact, $18 was the all-time high so when that level broke today, it was a clear sign the stock would get into the $20ās and close strong. Basic supply and demand. When the supply is gone or resistance breaks, first day movers tend to run wild. Hereās the weekly chart showing that breakout.
These alerts go straight to subscribers smartphones.
Hereās a look at the price action today in 5-minute Japanese candlesticks.
Anyone can pick a āhot stockā but the key is to pick the right hot stocks.
Know the dilution risk.
Know the holders.
Know the supply and demand or chart pattern.
I trade and alert small-cap momentum stocks daily in Jason Bond Picks.
So no matter where you are in the world, the alerts come right to your smartphone.
To get the daily watchlist, chat room, and trade alerts right to your smartphone itās ONLY $397 for an UNLIMITED subscription.
But hurry, my New Yearās Sale expires tomorrow.
New trade ideas coming tonight.
Happy New Year.
Jason Bond
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