OGEN - ORAGENICS INC FORECASTOGEN gave a "back up the truck" buy signal here at this price. I personally took a position here even though the gap from here to my stoploss is a bit wide, with that said I may buy more as it gets closer to the white line. Stoploss below white line, take profits at colored lines above green. There is a chance it could test the 0.45-0.35 cent range but as long as it stays above white line its poised for a banger of a run. THIS IS NOT FINANCIAL ADVICE. DO NOT BLINDLY FOLLOW THIS TRADE.
OGEN
OGEN Long into and past earnings! Starting Today!AMEX:OGEN is going to rip into earnings then pull back right before then pop for 100% or more post earnings. Here are my price targets placed for the next week every few days starting with next Monday.
DD:
OGEN has
*1 drug for Oral Mucosis just finished Phase 2 trial, FULL data will be release on earnings call and ironically at the same time they have $15 Million worth of Warrants that will expire the day before. :) Also OGEN as obtained FDA Fast Track approval for this drug and marketing agreements completed in Europe to put it on the shelves immediately if Phase 2 data is good.
*1 drug for lowering cholesterol by 70% currently in Phase 1trial, expect results and Ph2 announcement mid/early summer.
*$21 Million cash on hand with burn rate of less than 10 Million per year.
*This Monday OGEN bought a COVID19 trial drug company with 4,000,000 shares or roughly $1 Million.
Trading in a channel, well established bases in this range over the last year or two, no need for extra funding for at least 1 year.
DTEA, Nice HIgh Risk High Reward GambleGoes completely against my rules, but with the way this sector is moving, and considering how much money people have made off IGC and NBEV, this thing has a high chance of following through tomorrow.
Also, this stock only has 7 million in the float. Also, a big seller cashed out!!!!!!!! I haven't had time to check warrants, but judging from the price last year, I'm guessing they are not going to be lower than the current price.
THIS IS A GAMBLE, BUT A GOOD ONE
DO NOT BET THE RANCH, BUT DON'T SELL YOURSELF SHORT EITHER
GOOD LUCK