There’s been a lot of back and forth action in this market and it seems as if traders are just reacting to whatever the talking heads and headlines say.
The POTUS has been symptom-free for a day, and now the attention has been switched back to the stimulus.
To be honest with you, that catalyst is too much of a coin flip to me…
I believe there are better opportunities out there, ones that don’t rely on politics or market-wide catalysts.
You see, this month there are a slew of upcoming catalysts in my favorite area of the market — biotechs…
I want to show you which specific areas in the biotech industry I believe will take off this month, and a little bit about a sub $10 stock I have my eyes on.
Why Biotechs Are Set To Pop Off
There’s just so much action in biotechs.
Think about it, we’ve got an upcoming flu season, a heap of biotech conferences, and most importantly…
The race to find a cure or treatment for COVID-19.
There’s been an uptick in coronavirus cases in specific areas, and that means some states may have to head back into quarantine.
While I do focus on biotechs in general, there are specific areas that I believe will offer the best opportunities:
Diagnostics will be in focus because they’ll play a key role in testing the population for coronavirus.
Therapeutics may be used to treat COVID-19… and vaccinations can help to prevent it.
I mean, there are biotechs that have moved 500% this year so far, and I believe stocks in those areas can offer the best money-making opportunities.
As I dug deep and searched for these opportunities, I came across a relatively unknown company.
It’s trading in the $5-$10 range…so I believe it’s something a lot of traders with small accounts can get involved in.
This is a stock I believe you will be hearing a lot about.
You see, the company has developed a product for COVID-19 that is a flat out game changer.
The Department of Defense has struck a deal with them, and I wouldn’t be surprised if there are larger deals on the way.
I would also consider this stock a low float. That means if there the demand for it picks up, it can have outsized moves. Additionally, more than 20% shares of the stock are sold short. If there’s a catalyst, I believe the shorts will head to the exit and further drive the demand for shares.
With upcoming catalysts on the table, I want to get in before the herd hears about it… and lock in hefty profits.
The market waits for no one…
I’m up more than $3.8M on the year and my catalyst runup played a large role.*
*Results presented are not typical and may vary from person to person. Please see our full disclaimer here: ragingbull.com/disclaimer