GLSI Popped Yesterday, What’s Moving Today?

Hello Trader, If you missed it… GLSI ended yesterday up 998%...from a $5.20 close on Tuesday to a $57.10 close yesterday. But that's not the craziest part… GLSI hit an intraday high of 158.07, so at one point the stock was up over 2,900%.

I wouldn't doubt it if many traders lost their shirts trying to short it all the way up. And that is exactly why I stick to trading on the long side with penny stocks. Getting caught up in a move like that on the wrong side can bankrupt an average retail trader quickly. So what makes a stock move like this? Now you should already know this as I talk about it all the time... but for those who don't — a catalyst. In this case, GLSI announced impressive phase 2b trial data for its breast cancer drug GP2. As expected, GLSI is still in play today...and will be for a while as traders and investors digest this big news. If you look at it today, there's already over a 50 point range... So what's moving today then? Glad you asked...I'm seeing a lot of movement in energy stocks today, specifically oil & gas. In fact they've been hot for a while now. So let's take a look at a few energy stocks hitting the scans this afternoon to give you something to look at other than GLSI. Click here to continue reading…

Jeff Williams

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