GeoInvesting is currently short Great Basic Scientific (GBSN), a rapid diagnostic medical test (Nucleic Acid Assay Testing) firm. We first alerted GeoInvesting premium members that we identified red flags associated with GBSN on March 30, 2015.In our March 30 e-mail to premium members, we stated:
We are taking a closer look at GBSN, as just 3 months after it went public we received […]
Some Big Movers: EOG, TSLA, PANW, CYBR, TWTR, CLVS, FDXStocks have been most positive so far this week. Energy stocks have bounced, and oil spiked up over the past two days with Brent testing $60/barrel and WTI trading at around $53/barrel. We trade EOG calls in myHappy Trades portfolio and booked a +81.78% profit:TSLA jumped about on Monday as the […]
SummaryWith paid stock promotion CBMG has achieved an unsustainable $500m valuation, and with $20m in stock sold and insiders stock registered to sell, I expect CBMG will continue to collapse.
CBMG “Car-T” technology was acquired for $1.8m, has experienced patient deaths and is worthless. CBMG recent R&D of just $4.9m makes the $500m valuation clearly absurd.
CBMG founders face dishonesty allegations, are […]
NEW YORK (Reuters) – U.S. stocks rose on Tuesday, adding to recent gains, after deal news including a bid from FedEx for a Dutch peer suggested companies still see value in the market.Healthcare stocks led the advance on the SP 500 with biotech shares up after four days of losses. The Nasdaq Biotech index .NBI added 1.8 percent, while the […]
For years, satirical late-night TV host Stephen Colbert has been running a series on his show called “Better Know a District,” which highlights one of the 435 U.S. congressional districts and its representative. While I am no Stephen Colbert, I ;am ;brutally inquisitive when it comes to the 5,000-plus listed companies on the U.S. stock exchanges.That’s why I’ve made it […]
We won’t be buying or selling shares in Quindell (LSE: QPP) this morning. The firm requested that trading on AIM for its securities be temporarily suspended from 9:40am, pending an announcement and publication of a document.Cancelled tradesSome share trades that went through between 9.40 am and 9.42 am were later cancelled and the counterparties notified, the London Stock Exchange said.News […]
Source: Ligand PharmaceuticalsHow hot is biotech these days? The top two exchange trade funds focusing on biotech stocks both more than tripled the performance of the S&P 500 index over the past 12 months. That’s pretty hot.You might be asking, however, if it’s too late to still make solid returns in this sizzling sector. Not at all. There are plenty […]
Disclosure: I own shares of AMGN and GILDBiotechnology stocks have been in a sharp correction this week. The iShares Nasdaq Biotechnology ETF dropped close to one-percent in early Thursday trade, following a 1.89% decline on Wednesday; and the SPDR S&P biotech ETF registered similar losses.Is the correction a buying opportunity or a wake up call?Both.On the one side, the correction […]
On a weak day for the markets Wednesday, one of the year’s worst performers proved to be a bright spot.Lumber Liquidators was up more than 10 percent and traded 57,000 options contracts. That might not seem like a lot compared to the Apples and Facebooks of the world, but it is substantially more than its much larger home improvement store […]
Last summer, Federal Reserve Chair Janet Yellen said valuations in certain corners of the stock market like biotech were getting “substantially stretched,” and traders have gotten a good laugh at her warning ever since as the stocks resumed their winning ways and raced higher. But given the recent battering of the biotech stocks, the caution recommended by the central bank […]
