Good day everyone,
Our coverage of CTXR at the end of last week yielded a potential gain for our members of 11% after closing at $2.20 on Friday. CTXR shares are still showing a good amount of upside potential as a catalyst could be coming near term with efficacy data for Mino-Lok.
The NASDAQ felt like it took a nap last week, opening on Monday at 14,052, then moving through the week in a 234-point range and closing Friday at 13,970, a net drop for the week of 82 points. All the major stock indices were red on Friday and that’s a factor we look at before we issue a report. We are hoping that the markets have a rebound Monday and beyond.
The Federal government is proposing some large, and expensive programs to lift America out of the pandemic slump we’ve all been living through, and frankly, that makes many folks nervous. The national debt has already reached a staggering $28T and could possibly breach $30T with the massive spending now being proposed.
We still believe there are prosperous times ahead in 2021. In our area, waitstaff at restaurants are in short supply, for whatever reason, and new hires are being offered higher wages and $200-$1,000 signing bonuses.
We’ve been watching developments at a company we reported on last year. This is a company with leading edge technology that has the potential to disrupt more than one huge market sector.
The company has some criterion we like such as a very modest share structure, significant insider, and institutional ownership, and best of all is trading 50% off its 52-week high, and 50% under analysts target price.
If this company’s value remains consistent over the next day or two (this company’s value could explode anytime), and the markets indicate some traction, we will be issuing a report.
Together We Are Strong.
Stay tuned and stay informed,
The Traders News Group
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