Tim Sykes weekly update: DMPI, MTC, MBIO, CVSI
DMPI: made 15% gains during the market after providing an update on Phase 2 of a clinical study. Another biotech
MTC: a Chinese financial platform that spiked over 150% in the morning yesterday due to U.S. and China trade tariff talks. Wish I could have gotten in on this one! Keeping an eye out for more moves through the week since this trade war won't go away any time soon.
MBIO: spiked 12% yesterday morning due to news of a grant to fund an ongoing clinical trial related to treatment for breast cancer. Another biotech! Might watch this long term for more updates on the clinical trial.
CVSI: traded 6% higher due to coverage with an overweight rating and a 5 dollar price target.
TRNX traded over 50% higher today with no news; they are releasing earnings dividend info on he 15th so watching this stock some more. Possible resistance at 1 but we'll see.
ENPH was certainly one of the plays of the day yesterday with a morning spike that yielded a profit of 2 dollars a share. The ticker held the high through the day; this is due to solar panel growth taking off after the Trump tariff ordeal. Watching to see what else happens!
RKDA and YRIV were good shorts yesterday for anyone who shorts... Not me right now but could be a trend that continues in the trading day.
APOP did nothing with their release of earnings, watching to see if there's a delayed reaction or if nothing truly comes out of the release.