December 7, 2017 4:54pm

At the 10:00 a.m. mark, the sector regained lost ground after taking a pounding and stayed up through the mid-day to close positive

 

Latest offerings get discounted (FCSC drops -$0.32 or -32.2%) while other seek debt overload (VCEL -$0.20 or -3.92%) and increase of $25 M from $7 M

 

It’s about right-sizing the oversold’s value but, don’t get too comfortable with a number of those with upsides.

 

Pre-open indications: 8 hits and 1 miss

 

How right does one have to be? You could and should be reading this review of the day’s share pricing activity?

Is the truth so hard to fathom – that’s why my readership has grown exponentially!

 

Thursday’s results have implications to Friday’s sector activity as a daily report may say little or a lot and it serves as insurance that all indications are being examined and evaluated!

 

Henry’omics:

From the pre-open’s newsletter, “… still looking to recoup losses after a week of sector fatalities… get the crazy glue to seal the wound before it bleeds the portfolio out. Hopefully, the algorithms will re-compute the opportunity of the oversold.”

Don’t get too comfortable with a number of those with upsides.

  • Remember the fable of Icarus … those who fly too high will get melted by traders. The question is what is sustainable in this volatile world and market.

The real issue is what is around the corner – in D.C, internationally as we approach the holidays?

  • Pessimism is a protective shroud …!!

 

The advance/decline line scenario of 40 SCGT & RT covered companies:   

·         The open was negative with an A/DL of 12/27 and 1 flat ;

·         10:00 a.m. flipped positive with an A/DL of 25/9 and 6 flats;

·         11:30 a.m. stayed with an A/DL od 24/11 and 2 flats;

·         The mid-day flipped positive with an A/DL of 24/13 and 3 flats;

·         The close was positive with an A/DL of 24/11 and 5 flat;

 

Pre-open indications: 8 hits and 1 miss

  • bluebird bio (BLUE) closed up +$8.50 – hit;
  • Capricor (CAPR) closed down -$0.00 – hit;
  • Fate Therapeutics (FATE) closed up +$0.25 – hit;
  • Fibrocell (FCSC) closed down -$0.322 – hit;
  • Juno Therapeutics (JUNO) closed up +$1.17 – hit;
  • Pluristem (PSTI) closed up + $0.06 – hit;
  • Regenxbio (RGNX) closed up +$0.85 – hit;
  • Spark Therapeutics (ONCE) closed up +$0.85 – hit;
  • VistaGen (VTGN) closed up +$0.23 – miss;

 

 

MY working trend lines or indications:

… The greatest volume to the downside:  FCSC, IMUC, VCEL, MDXG and BSTG

… Upside volume was weighted to:  VTGN, CUR, QURE, NWBO and SGMO

… Biggest $ downside: FCSC (-$0.32), VCEL (-$0.20), OSIR (-$0.19), ADRO (-$0.15) and AST (-$0.10)

… Largest $ upside:  BLUE +$8.50), JUNO (+$2.17), QURE (+2.02), SGMO (+$0.85) and RGNX (+$0.85)

… Flat:  ONVO, BCLI, CAPR, RENE.L and BLCM

 

 

Daily analytics:

U.S. stock benchmarks edged higher in early Thursday trade.

·         The S&P 500 index was up by 5 points, or 0.2%, to 2,634, after four straight sessions of declines.

·         The Dow added 51 points, or 0.2%, to 24,193.

·         The NASDAQ outpaced the other benchmarks and was up 37 points, or 0.5%.

 

The CBOE Volatility Index (VIX) widely considered the best gauge of fear in the market; Thursday traded at 10.22, down -7.26% …

  • Wednesday traded at 11.02, down -2.74% after Tuesday traded at 11.33, down -3%, Monday traded at 11.68, up +2.19% after Friday traded at 11.43, up +1.33% and last Thursday traded at 11.28, up +5.42% …

 

Welcome to another day of the sector’s roller coaster …

… The iShares Russell 2000 (IWM) indicated:

·         Thursday was up +0.69%

·         Wednesday -0.48%

·         Tuesday -1%

·         Monday -0.39%

·         Friday -0.66%

·         Last Thursday +0.18%

… The iShares NASDAQ Biotechnology (IBB) indicated:

·         Thursday was up +1.53%

·         Wednesday -0.73%

·         Tuesday -0.67%

·         Monday -1.58%

·         Friday +0.42%

·         Last Thursday +1.44%

 

 

The count - decliners versus gainers:

… Look at the differences in the spreads as decliners jump and %

·         Thursday’s decliners ranged from -0.52% <MDXG -$0.06> to -32.20% <FCSC -$0.32> in 11 equities;

·         Wednesday’s decliners ranged from -0.57% <BLFS -$0.03> to -34.95% <CUR -$1.08> in 29 equities;

·         Tuesday’s decliners ranged from -0.51% <HSGX -$0.01> to -19.23% <FCSC -$0.25> in 21 equities;

·         Monday’s decliners ranged from -0.34% <KOOL -$0.01> to -8.67% <NWBO -$0.0247> in 32 equities;

·         Friday’s decliners ranged from -0.09% <MDXG -$0.01> to -6.16% <FCSC -$0.09> in 23 equities;

·         Last Thursday’s decliners ranged from -0.05% <ONCE -$0.04> to -11.80% <BSTG -$0.0080> in 11 equities;

Versus

… Look at the percentage’s (%) and spreads …

·         Thursday’s gainers ranged from +0.54% <ATHX +$0.01> to +13.47% <QURE +$2.02> in 24 equities;

·         Wednesday’s gainers ranged from +0.65% <AGTC +0.03> to +93.55% <VTGN +$0.87> in 7 equities;

·         Tuesday’s gainers ranged from +0.13% <QURE +$0.02> to +175.89% <CUR +$1.97> in 18 equities;

·         Monday’s gainers ranged from +0.35% <MDXG +$0.04> to +7.78% <VCEL +$0.35> in 7 equities;

·         Friday’s gainers ranged from +0.51% <ATHX +$0.01> to +11.46% <BSTG +$0.01> in 16 equities;

·         Last Thursday’s gainers ranged from +0.26% <JUNO +$0.14> to +15.03% <VSTM +$0.55> in 28 equities;

 

 

Opinions expressed are those of the author and are subject to change, and not intended to be a forecast of future events, a guarantee of future results, nor investment advice.

Whether information or intelligence is good, bad or somewhere in between; I put into context what is relevant and useful for investors.  All investments are subject to risks. Investors should consider investment objectives.

Henry McCusker, the editor and publisher of RegMed Investors does not hold or have positions in securities referred to in this publication.