October 20, 2017 5:38pm
As the sector opened down, turned positive at the mid-day to close to the upside
Another, I told you so …
As I had stated, “Let’s just end it and come back for the oversold to be recognized for their loss of value!”
Pre-open indications: 2 hit and 2 miss (by pennies)
In the grip of rotating cycles and disparaging trends, what is the price of sector equities - knowledge and a subscription!
The way forward cannot be found in the practices and spending of the past as the sector is operating and defined by its own contradictions.
Friday’s results have implications to Monday’s sector activity as a daily report may say little or a lot and it serves as insurance that all indications are being examined and evaluated!
Henry’omics:
From the pre-open’s newsletter, “price resilience in a bad market is a positive yet the flavor of the day is to end the week with some speculation to buy versus continue to sell as the short-term oversold are crying for attention.”
As I had stated, “Let’s just end it and come back for the oversold to be recognized for their loss of value!”
Next week will tell it all, a brief upside and another decline!
The advance/decline line scenario of 43 SCGT & RT covered companies:
· The open was negative with an A/DL of 10/25 and 8 flats;
· The mid-day was positive with an A/DL of 22/15 and 6 flats;
· The close was positive with an A/DL of 28/11 and 4 flats;
Pre-open indications: 2 hit and 2 miss
- Athersys (ATHX) closed up +$0.15 – miss;
- BioLife Solutions (BLFS) closed up +$0.07 – miss;
- Spark Therapeutics (ONCE) closed down -$1.08 – hit;
- uniQure (QURE) closed up +$4.11 – hit;
Some of MY working trend lines or indications:
… The greatest volume to the downside: SGMO, XON, VCEL, CAPR and PSTI
… Upside volume was weighted to: QURE, ONVO, CYTX, MDXG and IMUC
… Biggest $ downside: VCEL (-$0.30), MESO (-$0.20), CAPR (-$0.11), SGMO (-$0.50) and XON (-$0.32)
… Largest $ upside: QURE (+$4.11), BLUE (+$3.10), CLLS (+$2.60), ONCE (+$1.08) and JUNO (+$0.31)
… Flat: RENE.L, CLBS, VSTM and KOOL
Picking and sorting the week’s apples:
Biostage (BSTG) was up +$0.0047 on WHAT? They still have a terminal death suit hanging over them and the multiple issues of non-disclosure re their current condition and the roles of their management team, its shares downfall and the time and conditions of their investor’s exit! Dead company existing on a thread …
CAPR closed down again -$0.11 after Thursday’s -$0.04 after Wednesday’s -$0.03 after being up +$0.10 after Monday’s -$0.07 to $2.69 - CAPR can’t keep fooling investors with their brand of hype;
CLBS closed flat again at $3.39 after being dumped -$0.15 after Tuesday’s -$0.09 after Mondays -$0.06 – I keep hearing stories about why they can’t get out of their own way … along with VTGN who was down again -$0.07 after yesterday’s -$0.17 after being up +$0.03 after Tuesday’s -$0.04 – ketamine is a horse drug combo?;
VCEL was down again -$0.30 after yesterday’s -$0.15 after being up +$0.05 post being down -$0.10 after Monday’s -$0.15 – still believe is on an Icarus flight path … while AXGN was up again another +$0.10 after Thursday’s +$0.20 after being up+$0.20 following Monday’s +$0.05 … the merry-go-round turns – I’m still riding the horse; MDXG was up again +$0.07 after Wednesday’s down -$0.06 post Tuesday’s +$0.31 after Monday’s +$0.33 – stay in;
HSGX closed up again +$0.05 after Thursday’s +$0.10 after being flat at $2.10 post being down again -$0.07 following Monday’s -$0.06 after being up a number of sessions … I like the company i.e. still undervalued …
SGMO was down again -$0.50 after Thursday’s -$0.20 after being -$0.35 after Tuesday’s -$0.35 after Monday’s -$0.10 while ONCE was up +$1.08 after being down again -$1.21 post Wednesday’s -$0.97 after Tuesday’s -$2.56 after being up +$1.30 – so unpredictable;
BLUE feels the gain again of +$3.10 after Thursday’s +$0.35 after being down -$1.10 after Tuesday’s -$3.10 after the gain of $11.60 … a soccer ball score;
AGTC was up +$0.15 after being down -$0.02 following Wednesday’s +$0.075 after Tuesday’s +$0.05 after being down -$0.05 … can’t escape the basement … is management is deaf, dumb or blind?
RGNX gained altitude +$0.30 after being down -$0.40 after being up +$0.85 post Tuesday’s down -$1.20 after being up +$0.25 … I keep telling you to stay!
Cellectis S.A. (CLLS) jumped again +$2.60 after yesterday’s +$0.28 after getting clipped -$0.85 after Tuesday’s +$0.06 post slipping -0.19 … if you stay on the merry-go-round, don’t wait for the music to stop;
AST was down -$0.05 after being up +$0.15 after an offering closed post being down -$0.20 after Tuesday’s -$0.10 after being up +$0.05 while mothership BTX was also down -$0.0.09 after being up again +$0.04 post Wednesday’s +$0.07 after an offering closed post Tuesday’s -$0.01 after Monday’s -$0.03 … both financed to prop their balance sheets
Immuno-oncologists - JUNO was up again +$0.31 after yesterday’s +$0.32 after yesterday’s +$0.04 post Tuesday’s +$0.16 after being down -$0.02; as VSTM was flat at $3.95 after being UP +$0.05 after getting dumped -$0.25 post Tuesday’s -$0.06 after Monday’s -$0.14 – up, down, round and round;
STML was up +$0.25 after yesterday’s -$0.05 after yesterday’s -$0.20 post Tuesday’s -$0.50 after being down -$0.10 at $11.60; while ADRO dropped another -$0.03 after yesterday’s -$0.32 after yesterday’s -$0.10 after jumping +$0.15 post Monday’s +$0.25 as BLCM added +$0.08 after getting dumped -$0.10 after jumping +$0.11 after being up +$0.09 post the dive of -$0.22 … it’s a ride;
ATHX was up +$0.15 after being down -$0.11 after yesterday’s -$0.105 after Tuesday’s -$0.05 after Monday’s -$0.07 … there are even MORE question re their cash position going forward as their clinical “manufacturing” batch issues and patent might be solved but, how are they going to pay for the future?
FATE was up +$0.07 after being down -$0.06 after being up +$0.09 after yesterday’s +$0.02 after Monday’s +$0.01 – hang in;
MESO was down again -$0.20 after yesterdays -$0.07 after Wednesday’s -$0.06 after yesterdays -$0.24 after Monday’s -$0.13– as I had stated time to be accumulating on dips…
PSTI was down -$0.03 after Thursday’s up +$0.06 on news after being down -$0.05 after being flat post Monday’s up +$0.08 - wait for the downside signal, it always comes and it did!
QURE has had a very good few days +$4.11 to $19.47 following Thursday’s +$5.69 ($15.16) after Wednesday’s $9.47 which was down from $11.67 and Monday’s $11.98 – an Icarus candidate?
Daily analytics:
U.S. stocks rose on Friday, with major indexes trading near records, after the Senate passed a budget blueprint for the next fiscal year, a move that is seen as paving the way for the tax reform many investors believe is vital to keeping the bull market alive.
· The Dow rallied 150 points, or 0.7%, to 23,313,
· The S&P 500 13 points, or 0.5%, to 2,575,
· The NASDAQ rose 34 points, or 0.5%, to 6,639.
The Dow is up 1.7% for the week while the S&P is up 0.9% and the NASDAQ is up 0.5%.
The CBOE Volatility Index (VIX) widely considered the best gauge of fear in the market; Friday traded at 9.95, down -1%
- Thursday traded at 10.05, down -0.20% after Wednesday traded at 10.07, down -2.33% after Tuesday traded at 10.31, up +4.04% after Monday traded at 9.92, up +3.23% and last Friday traded at 9.61, down -3.03% …
Welcome to another day of the sector’s roller coaster …
… The iShares Russell 2000 (IWM) indicated:
· Friday was up +0.46%
· Thursday -0.13%
· Wednesday +0.47%
· Tuesday -0.29%
· Monday -0.07%
· Last Friday -0.17%
… The Russell 2000 (RUT)
· Friday was up +0.48%
· Thursday -0.21%
· Wednesday +0.51%
· Tuesday -0.34%
· Monday 0.00%
· Last Friday -0.17%
… The iShares NASDAQ Biotechnology (IBB) indicated:
· Friday was down -0.99%
· Thursday -0.26%
· Wednesday -0.64%
· Tuesday+0.38%
· Monday +0.14%
· Last Friday -0.22%
The count - decliners versus gainers:
……. look at the differences in the spreads as decliners jump and %
· Friday’s decliners ranged from -0.27% <ADRO -$0.03> to -6.67% <VCEL -$0.30> in 11 equities;
· Thursday’s decliners ranged from -0.11% <XON -$0.02> to -13.08% <VTGN -$0.17> in 24 equities;
· Wednesday’s decliners ranged from -0.43% <MDXG -$0.06> to -21.97% <BSTG -$0.019> in 23 equities;
· Tuesday’s decliners ranged from -0.38% <BTX -$0.01> to -% <STML -$0.50> in 19 equities;
· Monday’s decliners ranged from -0.05% <JUNO -$0.02> to -8.53% <BSTG -$0.0081> in 29 equities;
· Last Friday’s decliners ranged from -0.08% <MDXG -$0.01> to -17.18% <BSTG -$0.02> in 32 equities;
Versus
… Look at the percentage’s (%) and spreads …
· Friday’s gainers ranged from +0.50% <AXGN +$0.10> to +27.11% <QURE +$4.11> in 28 equities;
· Thursday’s gainers ranged from +0.25% <BLUE +$0.35 > to +60.08% <QURE (+$5.69> in 24 equities;
· Wednesday’s gainers ranged from +0.09% < JUNO +$0.04> to +5.72% <BLFS +$0.33> in 18 equities;
· Tuesday’s gainers ranged from +0.21% <CLLS +$0.06> to +0.28% <BLFS +$0.28> in 20 equities;
· Monday’s gainers ranged from +0.03% <IMUC +$0.0001> to +11.86% <QURE +$1.27> in 11 equities;
· Last Friday’s gainers ranged from +0.90% <NWBO +$0.0015> to +4% <ONVO +$0.06> in 9 equities;
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.
Whether information or intelligence is good, bad or somewhere in between; I put into context what is relevant and useful for investors. All investments are subject to risks. Investors should consider investment objectives.
Henry McCusker, the editor and publisher of RegMed Investors does not hold or have positions in securities referred to in this publication.
