August 17, 2022 7:43am
In many cases, its just buy until fat and sell to profit, it’s not predictable investing for the short or near term until clinical data is able to be partnered
Pre-open indications: looking bleak with 1 Positive Indication and 1 Puff/Pump/Promote
RMi outlines a daily bell ringing of “indications” about what you need to know; it’s what could happen or materialize after the opening and what might happen during the session.
I DEVOTE a HUGE amount of time to “reckoning” the geography of my coverage group - it’s more than opinion, I deal in the facts and numbers that back them up.
The 8:00 A.M., ET edition
Remember that overnight and pre-open actions in futures don't necessarily translate into actual trading in the coming day’s session.
Dow futures are DOWN -0.60% or (-206 points), S&P futures are DOWN -0.81% (-35 points) and NASDAQ futures are DOWN -0.96% (-130 points) early in the pre-open – so far,
Stock futures were lower and dropping Wednesday,
European markets pulled back,
Asia-Pacific markets were mixed
Last night, the Dow closed UP +239.57 points (+0.71%); the S&P closed UP +8.06 points (+0.19%) while the Nasdaq closed DOWN -25.50 points (-0.19%)
The stock market rally had a mixed Tuesday, with the major indexes backing off afternoon highs as the S&P 500 came within one point of its 200-day moving average. <IBD>
Economic Data Docket: U.S. retail sales data for the month of July at 8:30 a.m.
- The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 5.45% last week from 5.47% the previous week. Applications for a mortgage to purchase a home dropped 1% for the week and were 18% lower than the same week one year ago.
RegMed Investors’ (RMi) closing bell: “you think … A downgrade or crash is not coming?” … https://www.regmedinvestors.com/articles/12565
Ebb and flow –
Q3/22 – August – 7 positive and 5 negative closes
July - 1 holiday, 10 negative and 10 positive closes
June – 1 holiday, 9 positive and 11 negative closes
· May - 11 positive and 10 negative closes
· April - 1 holiday, 6 positive and 13 negative closes
· March – 13 negative and 10 positive closes
· February stats: 11 negative, 8 positive closes and 1 holiday
· January stats: 2 holidays, 1 neutral, 13 negative and 6 positive closes
Companies in my headlights – It’s your decision; I provide ideas and context: INDICATIONS
Looking bleak …
BioLife Solutions (BLFS) closed down -$0.66 to $25.35 after Monday’s +$1.42, Friday’s +$0.99, Thursday’s -$0.57 and last Wednesday’s +$3.82 with a positive +$1.15 or +4.54% pre-open indication.
Puff/Pump and Promote: Maintaining SELL
Biostage (OTCQB: BSTG) closed flat again on Tuesday (with 1,824 shares traded) and Monday after Friday following Thursday and last Wednesday’s $0.00 <3 mo. Average = 935 shares>
· Its BOD approved on 7/28 amending and restating their Certificate of Incorporation to affect a reverse split of the issued and outstanding common stock at a ratio of not less than 1-for-1.25 and not greater than 1-for-5. What about all those PPM (private placements) as an offering follows?
· BSTG seems to have the ONLY avenue to finance to utilize non-U.S. Chinese investors? Are we in favor of Beijing funding and continue to control BSTG in our own country? Another question, makes one wonder, Newbridge Securities?
· How much lipstick is a lot on this pig with an almost 4-year-old IND and NO clinical trial initiation?
· New CFO, number #7 for the chute?
· WATCH and be ready for a BIG reverse of shares to enable offering from multiple private placements as it tries to facilitate an offering with Newbridge Securities?
The BOTTOM LINE: I try to keep it simple … and short!
The sector had shown some signs of strength (Monday and Friday), traders are eyeing a green light to profit from some upside candidates, but keep positions … just strip percentage of holding.
There's still plenty of uncertainty for the stock market to navigate, so having a solid amount of cash on hand still makes sense.
As I have written, I devote a lot of time to the direction of the sector to “reckon” the geography of my coverage group.”
Especially, since I now (temporarily) tread slowly with a “walking stick” having over done it in yard work which as I have been told – NO more. I do love yard work.
Whether information or intelligence is good, bad or somewhere in between; RMi’s daily report is a primer that may say little or a lot; yet it serves as insurance that all indications are being examined and evaluated.
Opinions expressed are those of the author and are subject to change, and not intended to be a forecast of future events, a guarantee of future results, nor investment advice.
All investments are subject to risks. Investors should consider investment objectives.
Regulation Analyst Certification (Reg AC): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.
Henry McCusker, the editor and publisher of RegMed Investors does not hold or have positions securities referred to in this publication.