Seeking Alpha

Jonathan Spencer's  Instablog

Jonathan Spencer
Send Message Bullseyestox is a service that writes about Companies and disseminate the information to our members via email. We adopt various strategies that are fitting for the securities that we trade. Most of our penny stock picks are pro-bono and are based on technical... More
My company:
My blog:
Bullseyestox Hot Penny Stock of the Day
View Jonathan Spencer's Instablogs on:
  • KERX Chart

    Keryx Biopharmaceuticals, Inc. (NASDAQ:KERX) is a biopharmaceutical company focused on the acquisition, development and commercialization of pharmaceutical products for the treatment of cancer and renal disease.

    This stock has had its share of gyrations. It has a 52 week high of around $5.55 and has a bunch of followers and investors who are enthusiastic about its KRX-0401 (perifosine), an oral anti-cancer agent that inhibits Akt activation in the phosphoinositide 3-kinase (PI3K).

    Note that the stock did not move based on the KRX-0401 today. KERX moved today on news about their drug Zerenex (ferric citrate), an oral, iron-based compound that has the capacity to bind to phosphate in the gastrointestinal tract and form non-absorbable complexes. Zenerex got a positive review from a study in Japan thereby causing the stock to react positively. Is there more in the tank?

    This stock has a 200 day moving average of $3.27, and a 50 day moving average of $3.23. Can the stock rally back to these levels on this positive study?

    Sign up for our newsletter and get our charts and profiles today!

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: KERX
    Apr 23 7:20 PM | Link | Comment!
  • Penny Stocks

    Trading Penny stocks can be very rewarding if things are done the right way. For example, we recently saw $LNKDrun from its initial public offering price of $40 all the way to $122; representing a gain of 3 times the IPO price. Unfortunately, not everyone can afford to buy enough of a $40 stock to turn a big profit like this daily. The good news though is that if you have a stomach for risk, you can see profits like this on a daily basis trading Penny stocks.

    Penny stocks are stocks that trade under $5.00 and trade on the NASDAQ, AMEX, or OTCBB and PINKSHEETS. These stocks are highly volatile and therefore are considered risky. However, with significant interest, we have seen penny stocks quadruple or even gone as high as 10X. Examples of penny stocks that have gone this crazy are JAZZ, HGSI, and DNDN.

    Penny stocks are very sensitive to news and events as it pertains to the company. When a company releases news that is deemed significant or groundbreaking, it is typical for traders to step in and buy the stock, and hold it for forward looking events that will keep the price up or keep interest in the stock.
    At, we scan the market for companies that we think are undervalued based on the company news and events. The company stocks could rise in the process and generate profits for our subscribers and friends. has been taking advantage of dips for a while now. In other words, we have been letting our trading ideas be known for a while based on technical trends on options trades, and momentum trades on the small cap NASDAQ stocks and the OTC stocks. Lately, we got a nice response from one of Wall Street's most respected stock and trend finders: Jim Cramer!/jimcramer/status/86088723741147136
    Our call on IBM was so accurate that Jim Cramer sent us a personal response and might have even poked fun at Herb Greenberg in the process. Visit our site daily to get our thoughts and ideas on small cap stocks that could be primed and ready to take off.
    Note that while Penny stocks could rip and generate profits as much as 1000%, these companies are susceptible to dilution. Sometimes, these companies have to sell stocks in the open market to raise cash for their operations. When they sell stock, it affects the stock price; sometimes slightly, and sometimes significantly.
    Be sure to get our trading ideas by signing up for picks from us @

    Mar 21 10:50 PM | Link | Comment!
  • $GALE- What Happened?

    Galena Biopharma, Inc. (Galena), formerly RXi Pharmaceuticals Corporation, is a biotechnology company focused on discovering, developing and commercializing therapies addressing unmet medical needs using RNAi-targeted and immunotherapy technologies. Galena is pursuing cancer therapies utilizing peptide-based immunotherapy products, including its main product candidate NeuVaxtm, for the treatment of various cancers and therapeutics based on RNA interference (RNAi), a naturally occurring cellular mechanism that with, or silence, expression of targeted disease-associated genes. The Company's main product is NeuVax, which is a peptide-based immunotherapy to reduce the recurrence of breast cancer in low-to-intermediate HER2-positive breast cancer patients not eligible for Herceptin. RXI-109, its RNAi product is a dermal anti-scarring therapy that targets connective tissue growth factor (CTGF). In April 13, 2011, it acquired Apthera, Inc. (Apthera), a private biotechnology company.

    Wow! what a move on heavy volume today. This stock moved nicely on good volume as traders and investors started looking for ways to make money in the market today.

    This stock moved higher today after an analyst from Gabelli announced that the market for cardiac rhythm devices was as bad as it had ever been. My guess is that this stock was shorted to death and was therefore moving up because it got some exposure.

    Take a look at the chart, and you will notice that the green candle shown here is typically followed by a red candle. Careful with this one

    sign up for out charts and profiles today!
    Tags: GALE, CTIC
    Mar 21 10:45 PM | Link | Comment!
Full index of posts »
Latest Followers


More »

Latest Comments

Most Commented
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.