RagingBull Exclusive

Kyle Dennis and Clients Recording Record Profits

“I figured the risk was relatively low and decided to hold over the event for 510% profit Thanks!” Shared client William B.
“I made 1500% on your AMRN pick LOL!” Said Jason P.
Will you be next?

On the Watch: Eiger BioPharmaceuticals Inc. (EIGR)

Kyle DennisKyle Dennis ·

The back story: Eiger BioPharmaceuticals Inc. (EIGR) has caught my eye again. In August, I saw a nice opportunity for a runup: it was down to $8 from its high of $18, with two data reports coming up. Now, we have the first data release and some new information in the form of a stock offering.

Kyle Dennis’ August call on EIGR

How I played it: I took a 1,000-share position Aug. 17 at $7.96 and sold at $9.33 on Sept. 5. I revisited EIGR Oct. 12 to suggest investors take profits, as the stock had run way past my $10 target. Sure enough, it peaked at $13.85 the next day.

The first catalyst:  On Oct. 23, EIGR announced positive interim results for its Phase 2 study of pegylated interferon lambda (Lambda) in hepatitis delta virus. The market wasn’t super impressed – EIGR pulled back below $11 on 10/24 and closed at $11.60 on Friday, the same day it priced the stock offering at $10 per share.

The second catalyst: Now that the first play is out of the way and the offering is priced, we can think about how to play EIGR in advance of a Phase 2 data release on Ubenimex in pulmonary arterial hypertension. That will be released at the J.P. Morgan Healthcare Conference Jan. 8-11, an important conference that typically has a lot of market-moving news.

The upshot: I’m watching EIGR for a pullback, and I think that when it hits the $10 offering price, I will want to be a buyer.


Kyle Dennis runs Kyle Dennis’ Biotech Breakouts (biotechbreakouts.com). He is an event-based trader, who prefers low-priced and small-cap biotech stocks. He has no stocks, options or open orders in EIGR, having traded it earlier this year, as described above.


You may also like

Exclusive System Tracks Wall St. Insiders

“Dollar Ace Simply Exposes Information That Wall Street Wants To Keep Quiet” Said Kyle Dennis
“One member, Wesley M., has already reported 360%+ gains in just a few short days. Don’t miss this!”
(Reserve Access Now)

“What Recession?!” Jason Bond nets $55,060 in realized profit in One Day

After going 6 for 6 on profitable trades recently, we caught up with Jason to ask how he did it.
Check out Jason’s exclusive interview revealing this tightly guarded strategy. (Watch Now)

RagingBull.com Co-Founder, Jeff Bishop, Launches High Conviction Trade Service

“We listen to our clients and we give them EXACTLY what they want, so we designed a service to deliver 1 trade, 1 time a week, with a 100%+ PROFIT TARGET, directly to your inbox every Monday before the market opens. (Read More)

Be a Better Stock Trader, Starting Today

Get the expert insights, tips and strategies you need to optimize your trading skills and profiles