Tuesday, August 23, 2016 12:03:22 PM
New Economy Portfolio update..entered a company that has a PDUFA on 10/14. Absolute low floater with a very strong possibility of approval. The company had an almost unanimous vote from the ADCOM (18-1) in voting for approval of their drug.
Alert bought 10% full position of $EGLT at $8.80 in New Economy Portfolio. Market cap is only 212m. 52wk high is $16.59 & low is $4.34. Avg 10 day volume is 209K. 25m shares O/S and only 10m in the float. High institutional ownership of 93%! I see this one a lot like $ARLZ at $3.50 when it was largely ignored by retail but has 90% plus institutional ownership. $ARLZ is up over 60% from original purchase at $3.50 and continues to move higher.
Disclaimer: http://bit.ly/OlN9DB
$EGLT..Slides for DD
Alert bought 10% full position of $EGLT at $8.80 in New Economy Portfolio. Market cap is only 212m. 52wk high is $16.59 & low is $4.34. Avg 10 day volume is 209K. 25m shares O/S and only 10m in the float. High institutional ownership of 93%! I see this one a lot like $ARLZ at $3.50 when it was largely ignored by retail but has 90% plus institutional ownership. $ARLZ is up over 60% from original purchase at $3.50 and continues to move higher.
Disclaimer: http://bit.ly/OlN9DB
$EGLT..Slides for DD
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