Hemispherx Biopharma, Inc. (HEB) – Investors and traders continue to wait for the FDA decision on their CFS drug, Ampligen. Hemispherx Biopharma, Inc. (HEB) – HEB boutiques had a noticeable surge on Wednesday afternoon up to about $2.79. Citigroup Inc (C:NYSE) – Nothing has really changed Wednesday – Citigroup stock continues to weaken as it now struggles to hold $3. Bank of America Corp ( BAC ) – Bank of America Corporation continues trade strongly and now BAC stock is above the 200 day moving average at $13.28. Support at $9.20 on FAS continues to be solid ( each time FAS breaks below, the buyer come in ). I’d be a buyer at $141 or below. I will be a buyer between $1.40-$1.42 if the stock gets there and i will be placing a stop at $1.36. There are a bevvy of stocks out there that can only make money if the investor understands their history, company outlook, instability and liquidity.
If a CEO thinks that the stock of his company is undervalued, he will be more likely to buy it, and if he thinks that it is overvalued, to sell it. An instant or Cancel (IOC) order allows a buying and selling Member to buy or sell a safety as soon because the order is launched into the market, in case order did not full fill the total quantity it is going to be eliminated from the market. Cell Therapeutics, Inc. (CTIC) – Shares of CTIC were down with the overall market on Thursday. Cell Therapeutics, Inc. (CTIC) – CTIC broke $1.50 Monday and then selling took it down to $1.44. Daily Finan. Bull 3X Shs(ETF)(FAS) – FAS stock tested the $8 level Monday and appears to be holding on a closing basis with 2 hours to go. 2.61 is a major support level that must hold on a closing basis from here on out.
A close below the 50 day at any point would be very bearish and BAC would probably retest the $10.50 support level. I only bought back half of my position so I would be willing to average down near the $7 area which is the next major support level. I continue to watch the $6.54 resistance level. Two weeks ago, Jim Cramer recommended it at $27 so at $22.61 where I bought, I couldn’t go wrong. In particular, Johnson & Johnson’s coronavirus vaccine is administered in a single dose, as opposed to the two doses required or mRNA-1273 (and most other treatments). Each major dips over the past two months on CTIC has been bought heavily. Bull 3X Shs(ETF)(FAS) have been very active over the past six months. I also stop out on FAZ when FAS closes over the 50 DMA. From a technical point of view, if FAS closes below $8 there is really no major support until $7.
It may seem like only 10% but if there aren’t enough buyers and BAC breaks down through $10, bigger problems will surface. So, if a stock costs 2 cents per share, spending $100 on a buy will take on 5,000 shares. Because of this break down, I would only be looking to buy AIG for a bounce at around $15. I bought FAS stock today at $8.07 and plan on holding for a bounce. When the market starts to go up again, F stock will be a leader. Daily Finan. Bull 3X Shs(ETF)(FAS) – A new quarter starts on July 1st. FAS stock has been on fire lately but today came off the weekly highs. It helps connect inventory control with purchasing, sales order processing and demand planning in order to improve cash flow and help ensure availability of the most appropriate stock. Or too little inventory? The volume has been low so the stock is hard to read at this point. Keep an eye on the prior low of $11.25. If $11.25 is broken, I look to pick up some GE stock around $10. Investors clearly do not like the fact that they did a reverse stock split.