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I used to run a limited partnership, boutique hedge fund in the 90s. Retired in 2000 and moved from New York City to Toronto, Canada, got married, raised a family and basically settled down. After a few years in Toronto, my wife got tired of the city’s 8 months of cold weather and insisted that... More
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  • The NASDAQ Is On The Launchpad In Pursuit Of A Multi-Year Breakout!

    Readers of my blog will recall that way back since 2013, I have been pounding the table that this incredible bull market that we fortunately have found ourselves in will not rest until the NASDAQ makes a new all time high...

    On July 26, 2013, in a post titled "The Impending Move in Apple..." I said:

    "...in the overall stock market, the S&P 500 and the Dow are making new highs...and it is only the NASDAQ that is playing the role of the party spoiler...Heck, even the Russell 2000 Index is making new, all time highs...

    In my humble opinion, this is about to change...Within the next 6-9 months, the Nasdaq Index will make a new all time high...which btw, is 5000+ points...Currently the NASDAQ sits around 3600 and needs to make a 1400+ point move to get there...

    And there is more connecting of the dots...

    Apple is the largest component of the NASDAQ...in order for the NASDAQ to reach its all time high, it needs Apple...No way in hog heaven can it get to the Promised Land without Apple...

    My humble prediction is that Apple has made its lows and has just started the inevitable march...upward...in pursuit of its recent $700+ peak...in other words, a $260+ move in Apple's stock price could be in the offing and it may happen sooner than many believe...after all, only with Apple's help can NASDAQ achieve Nirvana...and achieve it will...you can count on it...

    This impending move in Apple should be explosive, and the ride, pure doozy...I am counting on it!"

    seekingalpha.com/instablog/6566781-optio...

    Note: The above price targets on AAPL was prior to its recent 7 for 1 stock split...Based on its post-split $123.25 close this past Friday, Apple basically has made a $422+ move, or almost a double in 18 months!

    Even though I was right on my timing in Apple - by the way that prediction preceded by 2 weeks the much heralded announcement of Carl Ichan taking a position in Apple - however, my time prediction on the NASDAQ was clearly wrong , as I was way too optimistic in my 6-9 month expectation of the index reaching my target..Nonetheless, the NASDAQ, against all doom and gloom by various market prognosticators who have been predicting its and the overall markets' imminent demise, has never looked back since that post and even though it reached my initial 5,000 target, it has not made my all-time high prediction, and hence no Nirvana for me...

    However, that day of reckoning, I believe, is fast approaching and we should experience the euphoria of Nirvana very soon...hopefully within the next 30 days!

    Here is the PnF chart of the NASDAQ:

    (click to enlarge)

    As can be seen, after finally hitting the magic 5,000 number on March 2nd, 2015 (the first column of Xs), the index pulled back and switched over into Os...It then made another attempt at 5,000 (Xs) and yet again it fell back and formed a new column of Os where it currently sits...

    My Prediction: The NASDAQ will make a third attempt at the 5,000 mark will form a triple top when it again prints 5,000 on its PnF chart...and as the saying goes "Third Time is the Charm," and so it shall be for the NASDAQ and this time it should decisively break out of this resistance...the NASDAQ's break of the triple top on its PnF chart will occur when the index prints 5,050, and then watch out! The next target is 5,128, set all the way back in March of 2000:

    (click to enlarge)

    So the BIG question is: What happens once it makes a new all time high???

    I certainly don't expect the NASDAQ to simply just roll-over after reaching a milestone that took 15 long years for it to achieve...I expect a buying frenzy to ensue and the index will make multiple all time highs before this bull market takes a breather...the index should at least reach 5,500, if not 6,000...

    Let's see how the future unfolds...

    :)

    Best~

    kp

    DISCLAIMER: All postings made here are strictly for my personal record keeping and in no way, shape or form, am I even remotely suggesting others to follow my Buy and Sell moves. Trading options is definitely not for the faint of heart as one's portfolio can move up, or down, anywhere between 10%-30% during a single trading day. Feel free to follow my progress here, but PLEASE do not follow my moves. However, if, in spite of all my exhortations, should you decide to do so, be advised that you, and ONLY YOU will be responsible for any losses that you may suffer...In other words, the onus is strictly on you.

    Mar 30 9:19 AM | Link | 1 Comment
  • This Year's Monster Stock: Ziopharm

    In a comment by Solaron (Aron), he posed a question the answer to which I felt deserved its own blog post…so here it is...

    On ZIOP, my "interim" price target is $15 and this should be met within 2 months or less…

    @ $15, ZIOP will carry a market cap of $1.5 billion...and based on anecdotal information, the buzz is that because of ZIOP+XON's recent ground breaking partnership with MD Anderson, and with their announced intention of filing 5 INDs this year alone, ZIOP should be valued at par with other companies in the CAR-T space...JUNO and KITE are 2 pure-play CAR-T players and today they sport market caps much higher than ZIOP...

    As of Friday's closing prices, JUNO with approximately 78 million shares carries a market cap of a little over $3 Billion and KITE with around 41.8 million shares has a market cap of around $2.63 billion…ZIOP on the other hand, after the recent secondary offering has approximately 114 million shares outstanding and has a market cap of just over $1 billion...

    Therefore, once ZIOP starts filing its planned INDs and signs partnerships with other big pharmas for a number of cancer indications, I fully expect its market valuation to catch up, if not surpass both JUNO and KITE's market caps. In order for it to do that, ZIOP's share price will be around $30 and I fully expect it to do that by the end of the year.

    As I mentioned in my previous blog post, upon printing $10 recently, ZIOP technically has broken out…last week's pullback should be considered a gift and taken advantage of…And there is yet another technical BUY signal about to be generated…Readers of my blog know the importance I place on my very own Diamond Cross™,,,this is when the stock's 50 week moving average line crosses its 200 week moving average line…well, as you can see from this candlestick chart, this too is setting up quite nicely and should occur within the next week or so…There is zero doubt that all systems are go with ZIOP and in the next few weeks and months, the stock should make a pretty impressive move north…

    (click to enlarge)

    Additional Opportunities: Apart from ZIOP, there are 3 additional opportunities on my radar…And they are EXAS, HALO and RMTI…

    EXAS: Exact Sciences' PnF chart is looking pretty amazing…As can be seen from this chart, the stock has formed a quadruple top @ $29 and the price is currently in Os…another up move towards $29 and the stock will have formed a penta top and a print of $30 will be a pretty explosive break which should take the stock price to $35 and beyond…

    (click to enlarge)

    HALO: Last week, Halozyme, the other Randal Kirk stock, broke out of a spread quadruple top and a triple top flag formation…my preliminary target on HALO is at least $18 and then a print of $19 will take it into blue sky territory and it should notch multiple all time highs…

    (click to enlarge)

    RMTI: Rockwell Medical's chart is also a thing of beauty…As can be seen on it's PnF chart, a print of $12 will take the price back into Xs and at $12.50 it will be a break of a triple top that should carry the stock to my preliminary price target of at least $15.50…

    (click to enlarge)

    All in all, 2015 is shaping up to be very exciting indeed in my biotech universe…

    Best~

    kp

    DISCLAIMER: All postings made here are strictly for my personal record keeping and in no way, shape or form, am I even remotely suggesting others to follow my Buy and Sell moves. Trading options is definitely not for the faint of heart as one's portfolio can move up, or down, anywhere between 10%-30% during a single trading day. Feel free to follow my progress here, but PLEASE do not follow my moves. However, if, in spite of all my exhortations, should you decide to do so, be advised that you, and ONLY YOU will be responsible for any losses that you may suffer...In other words, the onus is strictly on you.

    Feb 23 9:29 AM | Link | 9 Comments
  • ZIopharm (ZIOP): Houston, We Have Ignition!

    In my yesterday's post, I had pointed out that Ziopharm (NASDAQ:ZIOP) was itching to breakout as all systems were go...The trigger would be the print of $10 on its chart...

    Well, as you can see from its PnF chart, that trigger was achieved yesterday when @ 12;08 PST or 3:08 EST, ZIOP printed $10 and it brokeout from its flag formation on its PnF chart shown here...

    Next stop: $15

    This ride in ZIOP is just getting started...and as I like to say, the ride is going to be a doozy!

    Best~

    kp

    DISCLAIMER: All postings made here are strictly for my personal record keeping and in no way, shape or form, am I even remotely suggesting others to follow my Buy and Sell moves. Trading options is definitely not for the faint of heart as one's portfolio can move up, or down, anywhere between 10%-30% during a single trading day. Feel free to follow my progress here, but PLEASE do not follow my moves. However, if, in spite of all my exhortations, should you decide to do so, be advised that you, and ONLY YOU will be responsible for any losses that you may suffer...In other words, the onus is strictly on you.

    Tags: ZIOP, Biotech
    Feb 13 9:29 AM | Link | 7 Comments
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