IBIO, PIK and AVTX trade plans

Good morning,

With the market closed Friday we might see some outsized moves Thursday as short sellers look to button up trades before the long weekend.

One such stock is IBIO. It closed Wednesday at $3.36 after a high of $4.03. As I type here in the premarket it’s trading in the $4’s. If $4’s holds as support and keeps pressure on sellers, there’s clear range to $6 with a breakout to $10 above that level. A lot of volume here on this already Thursday morning which leads me to believe it’s very possible. Pretty low float under 4m.

I’m also looking at PIK which has more of a fibonacci retracement pattern and those tend to work good at the end of the week due to short cover. Shares popped above $5 this morning, likely catching a lot of sellers off guard and now has range on the rest and retest pattern to $10. The key here is that it needs to hold $5 support I think. Short interest is around 12%. And the float is even smaller than IBIO, coming in under 2m.

My long-term position is LQMT which seems to have finally turned the corner. Recently the CEO bought about a million shares around these prices, gave a strong update at their conference call a few weeks ago and has an exciting pipeline, including the Evie ring which is putting revenue on LQMT’s bottom line. I think this stock has $1 potential based on the CEO’s 5M stock options which he gets if the stock up-lists to the Nasdaq or trades above $1 split adjusted. $.07 is the consolidation zone for this one, at which point I think it bursts above $.10 and that becomes the floor going forward. I think the AAPL ring makes a lot of since when you look at the patent and it’s similarities to the Evie ring. Remember, AAPL paid LQMT $20M for licensing rights. Ya never know which morning that might turn into a product. So many other catalysts right now too, especially with their medical pipeline if you listened to the conference call link I gave you.

I’ve been trading for bigger range lately because small caps are really starting to explode. Like this 50%+ win I alerted on NILA this week in at $.21 and out in the $.30’s. This was a one day wonder on some bitcoin news.

I missed the big move on VERI, over 100% from my trade plan, but I’ll look to get it on the next retracement because I think VERI goes to $10 still. This company has turned the corner and is ripe for a move above $10, maybe even to $20. I also think it’s likely to eventually be acquired.

Small caps should outperform for the next few years as interests rates start coming down. I want to be looking for names that are depressed and left for dead that will become targets of institutional buyers.

AVTX is a low float stock with good news this morning I think could go to $50. I alerted it Wednesday night in the $15’s and it’s in the $20’s now. Good news and huge range.

P.S. did you know Small Account Journey has won 58 trades in a row and the current $2,000 balance is at $39,864?!

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Eat, sleep, & trade!

Jason Bond

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