PTIE - LONG

PTIE is going to announce earnings on 2/4/19 which I think are going to be more positive than expected. Especially with UT-A's grant to keep working on REMOXY based products. 

REMOXY is a time elapsed opioid based drug, which the FDA admitted that it is harder to abuse that normal opioids to abuse.  

"We hope for clarity and answers when we meet with FDA on January 31st to discuss this matter.” - said Remi Barbier, President & CEO. 

I expect that the drug will be passed and bring a morning spike. With an average 360K volume, news on the FDA pass of REMOXY will bring in volume. PTIE is former spiker and has been bouncing off a yearly low. $1.13 has been the multi-month resistance. News of the suspected earnings winner could spike the volume.  

Plan: 

Buy @ $1.18

Stop @ $1.1

PT @ $1.6

PT @ $2.2 If the 1.6 PT is gone over and held over for one day's of time. If $1.6 is held as support shares will be doubled. for an average of $1.30.

 

GTXI - LONG 

GTXI spiked into the last 30 minutes of the market being open. I am suspecting a dip buy in the morning or the pre-market. 

Plan: 

Buy @ $1

Stop @ $ .95

PT @ 1.1 or anything above selling at a 5% pull back or greater.