On Tuesday, our Under the Radar Moversnewsletter suggested small cap clinical-stage biotechnology stock Threshold Pharmaceuticals (NASDAQ: THLD) as a long trade:
The chart below speaks for itself. After trying to work its way above a ceiling at $0.62 for the past several months, that finally happened today, in earnest. Better still, it’s happened after a strong foundation was laid, and it started with the gradual building of momentum. That foundation means this breakout move is built to last for a while.
As you can see, at the very least there’s a gap from September that needs to be filled. If you think there’s been several ‘accumulation’ days along the way, you’re not imagining that either. The bulls have tipped their hand a couple of times here.
Our Under the Radar Moversnewsletter would have a more detailed discussion about small cap Threshold Pharmaceuticals technical chart along with a potential long trading strategy:
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- [By Monica Gerson]
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- [By Mark Balson]
Lending Club’s (LC) acting CEO Scott Sanborn replies to company’s investors and assures that company is in strong financial position and enough cash flow in balance sheet. “Cash and securities amount to $868 million.” He replies.
Scott Sanborn also ensured company’s investors through e-mail who buys company’s loans, “We plan to be around for many years.”
But as per company’s website Leading Club’s loan investors, “May not receive full amount, if it goes out of business.” Or could see delayed payments.
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- [By Peter Graham]
A long term performance chart shows shares of small cap Sanmina Corp (NASDAQ: SANM), a previous Elite Opportunity Pro (EOP) newsletter suggestion as the next breakout stock, andmid cap Flextronics International being bigger winners compared with the also good performance of mid cap Jabil Circuit, Inc (NYSE: JBL) and small cap Celestica Inc (NYSE: CLS):
- [By Peter Graham]
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