Good Monday morning, everybody, and welcome back from the weekend. As promised in Friday's newsletter, we've got a new trading idea for you today. This one's from the biopharma space, and from the cannabinoid space in particular... arguably the most game-changing development from the industry in years. Yet, we've only scratched the surface on this front.
We're not going to tease you today simply because this one requires a little more time than usual to explain. The small cap suggestion is a company called Vitality Biopharma (STVFD).
Don't sweat it if you've never heard of it. Most traders haven't. That's because the company didn't get its moniker until May of this year as a result of a new focus for a company that used to be called Stevia First.
Welcome to the weekend, one and all, though what a week it was! Given Friday's surge to record-breaking highs, you have to wonder what would have happened if we had gotten the bullish jobs report earlier in the week. Will the weekend give the bulls a chance to change their minds, or will the weekend just let more bullishness fester? We'll never really know now...
Good Thursday morning, one and all. As promised in yesterday afternoon's newsletter, today we've got a new trading idea for you. This is one of those right-time, right-place companies which could become downright explosive -- bullishly-- sooner than most traders might appreciate. That's your edge. Well, that and the fact that this company's product solves a huge problem.
Let's first set the stage just a little bit.
Ever heard the term "over the top television," or "OTT"? It's a reference to television programming brought to you without involving traditional cable television providers like Time-Warner or Comcast. Netflix is the most prolific OTT service, while Amazon and Hulu are respectable second and third place over-the-top names. OTT is the basis for the so-called "cutting the cord" revolution which has allowed consumers to finally let go of the cable companies they were for so long beholden to.
Before I get a chance to forget, be sure to be on the lookout tomorrow morning for a new trading idea. I think we'll be sending it shortly before the open.
It's not a complicated idea. In fact, the company's new product is quite simple. There's a bit of a backstory to go along with it though, so to not give you too much in one shot tomorrow, I think we should go ahead and paint part of the picture today.
You know, you really have to hand it to the bulls... even when they had every reason to be terrified around the middle of the day, they didn't give in. Even though the market logged a loss for Tuesday, it could have been much worse. The S&P 500 still managed to fight its way back above a key line in the sand, and is back within reach of what had been a critical support level at 2160. The market isn't out of the woods yet, but the bulls still made a major point about their resilience on Tuesday.
We'll look at some of the key details below. We've got something more important to get to first.