Price Action and Volume Predicting 50% Breakout on Peregrine Pharmaceuticals, Inc. (PPHM)

So far 2014 has been off to an incredibly hot start in the chat room! – the craziest part is we’re already part way through March and it feels like we just skipped into the new year! One of the most excelled traders in 2014 is Brandon who you heard about on this free interview! He just surpassed $200,000 from $5800 !! (He claims he started with $5800 but when you listen to the interview you’ll realize that the true bottom was off $1800!! He had lost $2k twice before finally “getting it” and starting to really become the great trader he has turned into!

Hopefully 2014 doesn’t fly by too fast ……….. although, I wouldn’t mind the warmer weather up here in New England I’ve about had it with the five degree days!

For those of you who are not in the chat room hopefully you follow me on twitter!

Here was a major play for all those who follow on twitter @investorslive or in the chat room

Here was scan the night before the 50% move:

 

 

We had an incredible trade idea off scan not only for the long but the short too! That’s right, you can profit from both the upside and downside of stocks as you learn in my streaming DVD!

Let’s take the long idea first here are my tweets predicting an INO-ish style move. For those unfamiliar you can see the move below:

 

 

I mentioned to stick this on radar as there was a good chance it was going to happen …. here are the tweets below – keep in mind this is a text book set up covered in my DVD in DETAIL:

$PPHM I think could have the next $INO -ish type move … once $2 breaks it may take a few ramps but turds gone wild pt 2 is due

— Nathan Michaud (@InvestorsLive) March 4, 2014

$PPHM yesterday mentioned $INO -ish move possilbe 20-50% mover … nice first day

— Nathan Michaud (@InvestorsLive) March 5, 2014

So let’s take a look at what we saw in the PPHM chart … does it look familiar to INO?

 

 

So once again, another text book set up that we waited for the break and volume to confirm. Once setting proper risk vs. reward on the intraday chart it was off and never looked back – you can check out the intraday chart HERE

For those unfamiliar with shorting this is actually making money when the stock goes DOWN! Huh? Wouldn’t you lose?

Absolutely not! The difference is you actually sell FIRST with the GOAL to buy back lower. If you sell at $3 and buy back at $2.80 you’ve MADE .20 cents per share, HOWEVER if the stock continues to go out the only way to close the trade is to buy back, if it’s $3.20 you’ve LOST .20 cents per share.

So here’s a trade I took after the 50% move which again is another text book set up in my DVD! Gap up parabolic for the short on an over extended chart – many times these have an emotional squeeze in the morning as you’ll see with PPHM.

Here was scan preparing my subscribers on what I was looking to do:

 

 

[Mar 6, 2014 9:07:08 AM EST] InvestorsLive PPHM 3 ..good

[Mar 6, 2014 9:30:29 AM EST] InvestorsLive started short PPHM

[Mar 6, 2014 9:30:31 AM EST] InvestorsLive 1/4

[Mar 6, 2014 9:30:57 AM EST] InvestorsLive added s/s PPHM

[Mar 6, 2014 9:31:37 AM EST] InvestorsLive covered 1/2 PPHM

[Mar 6, 2014 9:37:19 AM EST] InvestorsLive looking to re add PPHM from covers

[Mar 6, 2014 9:37:21 AM EST] InvestorsLive still have 1/2

[Mar 6, 2014 9:41:49 AM EST] InvestorsLive got some 3.15s s/s PPHM

[Mar 6, 2014 9:44:39 AM EST] InvestorsLive covered partial into the wash 3.01s PPHM but going to try to keep a bunch for red

[Mar 6, 2014 9:59:12 AM EST] zozo PPHM nice job Nate

[Mar 6, 2014 9:59:19 AM EST] InvestorsLive PPHM !!!!!!!!!!!!!!!!!!!

[Mar 6, 2014 9:59:26 AM EST] MilesJStoner PPHM great call

[Mar 6, 2014 10:00:21 AM EST] InvestorsLive All covered PPHM

[Mar 6, 2014 10:00:54 AM EST] ryannazz hot %%%%% PPHM baby .40 cents, nice win

[Mar 6, 2014 10:01:18 AM EST] InvestorsLive fuk ya guys!

[Mar 6, 2014 10:01:23 AM EST] onno all covered PPHM! nice Nate!

[Mar 6, 2014 10:04:58 AM EST] Stewie PPHM nice call nate all out +.35 share

For more information about joining us feel free to contact me anytime right HERE!

Check out these other traders gains!

$19,700 unrealized gains on $PPHM so far, shoutout to @InvestorsLive for the tip yesterday

— Steve Larowe (@slarowe86) March 6, 2014

Relatively solid day. Let $FNMA clip me for a bit, but ended +$2200. $PPHM play of the day – thanks @InvestorsLive pic.twitter.com/Ud2hPbXuIg

— Brandon Garretson (@crawfish_poboy) March 5, 2014

@InvestorsLive great call on $PPHM spot on

— PsychoOnWallSt (@PsychoOnWallSt) March 5, 2014