Summit Therapeutics (SMMT)

 

Top percent gainer on a 12M investment win.   This bad sushi chart seems to be in as this type of news can close the gap down from day / weeks past.  Yesterday it was PTIE and I underestimated what it could do.  Today it looks like maybe SMMT may be it however it had a larger float than SMMT.  Buy near the open if it holds its P/M gains and sell for a 10-15% gain for most of the position.  Then see if the balance can take advantage of an all day fill the gap to the 12s?  That would be fantastic.

 

ANW also awarded a financed by a partner and a revolving line of credit.  Stock is up 50% pre market and is looking strong.   Allot of the pre market gainers have failed lately so it will be a small position with the R/R not as good..   It has all ready reached overhead resistance. If it dips to 2.10 buy and sell at 2.3.  Cut loss if it does not bounce.