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Thursday, 04/04/2019 1:50:05 PM

Thursday, April 04, 2019 1:50:05 PM

Post# of 41875
I don't generally play bio tech...But here are a couple for your watchlist.

EVOK just went through the floor. FDA doesn't seem to have a problem with the drug itself but the delivery system. They're saying that they don't get consistent doses ...CEO thinks the problem could be easy to fix...But it'll be at least another quarter before they can even get another shot at approval.

More immediately SOAN. If they get approval it could really, really run, share structure is ridiculously tiny...& check out the float.

It needs updating, but even if it's twice (or even three times) as much as what it says here that is a ridiculously tiny float:

Float: 12,488,734 05/10/2017

https://www.otcmarkets.com/stock/SOAN/security

And from what I understand large investors and insiders own many shares...If you read the board a lot of people were buying .03 thinking it would run from there. Now it's under a penny...Worth a look. And of course only money you can afford to lose, because what if they don't get approval at all...Take a look at the EVOK chart to see what the market does to Biotech stocks that put out negative or even perceived to be negative news...

Meantime looks like the metals and mining sector is due for a reversal...There are lots of junior miners & exploration companies that are just beat to shit right now...You'll have to hold them for a while, but the time to buy is when blood is in the streets. And gold and silver miners are a bloody mess right now.

But take a look at the palladium chart. The whole market it is upside down and bassackwards...Platinum is under gold, gold to silver ratio is insane...You can't pull silver out of the ground for that price...Long term definitely money to be made in that sector.

Meantime the weed sector has pretty much done nothing but disappoint for the last three years, although there have definitely been some diamonds...

Anyhow, put SOAN on your radar...I do not have a price target at the moment. You cannot buy large chunks without sending the price up...And one more time the admonition is do not buy more than you can afford to lose.

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