Full disclosure: I am long ATHX. I want to be clear though, I'm not posting this to pump this stock in any way. Personally, I don't care if you trade it or not. The reason I am posting this is because I feel obligated to bring this opportunity forward to the trading community here. Also, this is not official investment advice and I'm not making any promises or saying this is guaranteed, blah blah blah, etc. Now...moving on...
ATHX had a nearly 12% increase in its stock price today, surpassing its 52 week high by nearly 20 cents. Why is this a big deal though? At least a stock or two does this every other day it seems, especially in penny stock land. However, the reason this is worth paying even closer attention to it with this stock is because ATHX is actually a legit company with a VERY promising product, and they just announced a VERY bullish move for their company. For those that are interested in a longer-term hold, this is a GREAT stock to consider.
However, for those interested in the short term, trading this stock AT LEAST through pre-market and the rest of the day tomorrow, I feel there will be an excellent chance to profit substantially.
So what is this bullish move I was talking about? Well, for awhile now, ATHX has been studying a stem cell product for use in various indications, most prominently in stroke. A few years ago they had a small phase II study that wasn't significantly powered enough to show short term significance in its results, but its long term results were very positive. More recently, they have partnered with a Japanese company (Healios) to run a phase III stroke trial in Japan. While that trial is still underway so results are not known, ATHX recently started another phase III stroke trial in the United States with a major academic hospital. While many investors assumed they would announce further collaboration with Healios (or possibly a U.S. drug company) in order to run this study in the U.S. ATHX has instead made the very bullish move of going it alone in the U.S. To me that means what they must already have a pretty good idea about how well things are going in Japan, otherwise they would be looking for partnership in their U.S. trial or looking to sellout or find additional sources of funding. Instead, they are taking the risky (yet potentially way more profitable) route of going things alone because (I believe) they are so confident in the success of their product.
This is just one of many recent developments, however, and I am not going to take the time to list all of them here. What I would tell anyone who thinks this is worth looking into is this - do just one hour of due diligence here, heck, even 20 minutes, and you will find the opportunity that exists here.
ATHX has been setting up to explode for awhile now and is significantly undervalued. At its current price, the risk:reward is AMAZING. I alerted this in chat this morning and shortly afterward this stock broke out past its 52 week highs, dipped to that previous high and then ran again into after hours trading. For some reason (maybe because this company's PR department seems to be almost non-existent) the larger part of the investment community seems to have never heard of what's going on here, but as the market starts waking up to the potential that exists with this company, this stock is going to SOAR.
So, why take my word for it? I don't have a great track record with my day trading. I'm not a millionaire student (yet). I'm just a regular Joe who is still learning his way in this crazy community, so I don't know how many people will even take me seriously.
Again, I feel obligated to call this one out as this is a great long-term investment in my opinion, and although I wouldn't typically say this is a great stock to day-trade, I am fairly certain that after today this stock is gonna make one hell of a move tomorrow, so I wanted to bring it to everyones attention hoping at least someone out there could benefit from it.
Do as you will. This is only my opinion. Best of luck to everyone out there!