Thursday, December 10, 2020

GLSI Popped Yesterday, What’s Moving Today?

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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%.

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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…

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Jeff Williams

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