StockReversals.com📈 · @StockReversals
7th Jan 2014 from TwitLonger
Nov 20th 2013 Email to Stockreversals.com FREE members. (Sign up online at www.stockreversals.com)
Subject: Ideas
We thought we would share a few quick trade entry idea for you, while we await our next Business Disruptor pick. Also, some quick notes on past picks as well:
TRADE ENTRY IDEA: EPZM- MAX BUY 20.25
EPZM- 19.30 per share. Oversold Biotech that went public in May at $15 per share. A recent misperception on early stage dosing trials for Leukemia whacked the stock from $32 to $19 last week. A group that now owns 22% of the company stepped in and bought $8,000,000 (yes, that is 8 million) worth of stock in the open market last week on the 14th and 15th at 19-20 per share. They upped their stake. Pre-IPO they had 5.6 millinon shares already of the 28 million total, they bought another 400,000 at the $15 IPO price, and another 400,000 at 19-20 last week. The lockup expires on the 27th (6 month IPO Lock up) and these people are buying more!! SO are we... we are getting long for a target of $27 for a nice swing.
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