August 23, 2022 7:49am
The real question that should be asked is how many companies are at the end of sentiments leash? Start by looking at cell and gene therapy companies trading below cash!
Pre-open indications: 1 Sell into Strength, 2 Negative Indications 3 Positive Indications 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.
More frequently right than consequentially wrong; there is VALUE out there. What I provide is an intelligence daily.
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 UP +0.02% or (+6 points), S&P futures are UP +0.04% (+2 points) and NASDAQ futures are UP +0.09% (+12 points) early in the pre-open – so far,
Stock futures are slowly recovering by inching higher Tuesday, August 23, 2022
European markets slightly lower,
Asia-Pacific markets trade lower.
On Monday, the Dow declined 1.9%, while the S&P 500 lost 2.1%. The Nasdaq sold off 2.55%. And the small-cap Russell 2000 dropped 2.1%.
A macro view, “Last week's decline on Wall Street, which snapped a four (4) week winning streak, reflects not only concern for faster near-term inflation but also the uncertainty linked to a global slowdown - both of which will likely complicate the Fed's rate path between now and the end of the year.” <TheStreet.com>
RegMed Investors’ (RMi) closing bell: “Volatility and resistance rule, five (5) sessions in a row. More frequently right than consequentially wrong” … https://www.regmedinvestors.com/articles/12573
Ebb and flow –
Q3/22 – August – 8 positive and 8 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
Sell into Strength:
Brainstorm Cell Therapeutics (BCLI) closed up +$0.25 to $4.03 with a positive +$0.03 or +0.74% pre-open indication. They are all but, out of cash by years’ end.
Alnylam Pharmaceuticals (ALNY) closed up +$1.41 to $217.91 <52 week high of $236.80 and low of $117.58> with a positive +$6.54 or +3% pre-open indication.
CRISPR Therapeutics (CRSP) closed down -$2.25 to $66.35 after Friday’s -$3.55 to $68.60 after Thursday’s +$0.41, Wednesday’s -$4.11, Tuesday’s -$4.29 and Monday’s +$1.48 with a positive +$2.05 or +3.09% pre-open indication.
Voyager Therapeutics (VYGR) closed up +$0.08 to $5.90 with a positive +$0.27 or +4.58% pre-open indication.
Beam Therapeutics (BEAM) closed down -$1.88 to $51.41 with a negative -$0.41 or -0.80% pre-open indication.
Chinook Therapeutics (KDNY) closed down -$0.02 to $21.84 after Friday’s +$0.11 to $21.86 with a negative -$0.74 or -3.39% pre-open indication,
Puff/Pump and Promote: Maintaining SELL
Biostage (OTCQB: BSTG) closed flat again on Monday following Friday’s $0.00 with 37 shares traded, Thursday’s -$0.15 with 790 shares traded, Wednesday’s +$0.15 with 1,035 shares traded, Tuesday’s flat (with 1,824 shares traded), and last Monday flat <3 mo. Average = 961 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!
How many companies are LOSING the investment high ground?
TOO MANY …!!!
As I have written, I devote a lot of time to the direction of the sector to “reckon” the geography of my coverage group.”
With the cell and gene therapy sector shows more signs of continued weakness, investors should be playing more defense with existing positions. That doesn't mean you should flee entirely to cash, but investors make sure gains don't evaporate thus … be quick to drop losing positions.
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.