Trading Week 6/20/16

Our stock plays last week remained very flat, Brexit concerns increased volatility and shook out investor confidence as some would like to wait on the sidelines until the situation is resolved. Stocks from last week to keep an eye on: CBIO

Forex Play

Our GBPUSD play at 1.425 was deemed risky but ended positive with a small USD pullback and more confidence flowing into the pound. The GBP closed at 1.434 from our 1.425 alert.

For this week we are taking a break from Forex to minimize risk.

Stock Picks This Week

DRAM (Dataram Corp) An information tech company, independent producer of memory solutions for business. Recently undergoing an unusual acquisition of US Gold Corp (With assets at $160M) Seeing a strong influx of volume these last months, share price stabilized around $0.60 three months ago, before jumping up to $1.50 on the acquisition news. We see a short term opportunity here as this company re-positions opportunities and growth while managing their debt obligations.
+Accumulation
+Recent spike on volume


Buy under 0.92

IPCI (Intellipharmacuetics International) A pharmaceutics company with a wide pipeline of products including drug delivery systems and product candidates focused on Neurology, Diabetes, and pain. Having just closed their public offering this is a great time to buy with many short term catalysts. Price/Sales ratio is just right for IPCI, in line with their peers. Hovering around $3.00 last year and strong support under 1.50 means a short swing trade could be significant and low risk at these levels.
+Strong bounce from recent all time low


Buy under 1.50

OESX (Orion Energy Systems) A designer and manufacturer of energy efficient lighting, this unknown small cap value company has seen stronger and stronger volume as it nears support at $1.20, although revenue is down this year they issued a statement promising to meet at least $80M in sales next year, this would almost be a ten-fold increase from current numbers. OESX looks poised to make a strong comeback next year and our numbers show they are currently undervalued. Although managing their debt carefully their quick ratio shows short term they have a bit of finances to work with..
+Institution ownership at 49.06%
+Big insider buying at $1.28


Buy under 1.22

Cryptocurrencies

ETH was crushed this weekend from DAO hack news, click here to read more. We believe Ether is far too oversold and is looking bullish in the short term and long term.

XRP is looking poised for big jumps in the future and we are keeping our eyes on Ripple in the medium term.