Weekly Micro caps aka Penny Stocks update $IWM $IWC $DCTH $MARA $ANY $AVEO
This week main indices ended mixed SPY and QQQ heading different directions. Long term bullish trend is still in play. IWM and IWC both ended green and still trade in narrow range.
$DCTH was huge speculative stock this week. 1.7 billion in trading volume no news. Classic penny stock. Forums and chat rooms where full of this ticker. Do not expect more from this stock. It still can run but for only short speculative move at least. No fundamental value found.
$MARA – long term 52 weeks low hitter. This company is included in Nasdaq noncompliant companies list. This business is as worth as its patents and from price action from the last years we can conclude nothing special in the portfolio.
$ANY- same Nasdaq noncompliant company. Be aware. Stock gained this week after losing most of its gains after news release (Sphere 3D New Product and Financial Review Accesswire – https://finance.yahoo.com/news/sphere-3d-product-financial-review-124500009.html)
$AVEO – micro cap biotech company that develops targeted therapies for cancer and related diseases. Stock climbed on Friday after news (AVEO Pharma surges 48% on recommendation for European approval of its cancer drug – http://www.marketwatch.com/story/aveo-pharma-surges-62-on-recommendation-for-european-approval-of-its-cancer-drug-2017-06-23-8914126?siteid=yhoof2&yptr=yahoo). Company as well was in Nasdaq’s noncompliant list but only for bid price rule which got fixed after stock finished Friday above 1$ mark. Will see how it will hold.
Have a good next trading week!