LVTX is a pharmaceutical company focused on biologicals for advanced prostate carcinoma.
It recently secured a collaboration agreement with Merck to assist in the clinical trials and
the financial burdens it imposes in a quid pro quo related to a share of product margins in the
future. On the 15-minute chart, LVTX burst out of a long-standing consolidation cycle. The
majority of shareholders per Yahoo Finance are insiders and institutions primarily hedge funds.
These people are not clueless. This is a huge money inflow into the market cap. I intend
to follow the money as I see that price has retraced to a good Fibonacci level and with the
last candle may be on a reversal. I know that institutions tend to buy at the VWAP heavily
and as price is below VWAP the impetus is to buy discounted from VWAP. I will follow
the wisdom, experience and expertise of institutional traders. I will go long and assume the
risk of more of a drop with an ATR stop loss. My goal in the trade is to get a 20% gain by the
close on Monday. Getting into an insider trading move is tricky but it is interesting and
can be profitable.
It recently secured a collaboration agreement with Merck to assist in the clinical trials and
the financial burdens it imposes in a quid pro quo related to a share of product margins in the
future. On the 15-minute chart, LVTX burst out of a long-standing consolidation cycle. The
majority of shareholders per Yahoo Finance are insiders and institutions primarily hedge funds.
These people are not clueless. This is a huge money inflow into the market cap. I intend
to follow the money as I see that price has retraced to a good Fibonacci level and with the
last candle may be on a reversal. I know that institutions tend to buy at the VWAP heavily
and as price is below VWAP the impetus is to buy discounted from VWAP. I will follow
the wisdom, experience and expertise of institutional traders. I will go long and assume the
risk of more of a drop with an ATR stop loss. My goal in the trade is to get a 20% gain by the
close on Monday. Getting into an insider trading move is tricky but it is interesting and
can be profitable.
Trade closed: stop reached
Stopped out with a 5% loss. Will add to the watch list.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.