At first I didn’t have any interest for $STXS and it hasn’t been on any of my watch lists before. But during the day I regularly check the most percentage gainers of the day to see what moves. And look into the stocks to see if there is a possible play.
I saw $STXS up about 30-35% at that moment and started looking into it to find what the catalyst for this gain was.
Sadly I haven’t found any particular news or catalyst for that day. As mentioned in the latest news article about $STXS can be found here.
The only news that came out earlier was that it received FDA clearance.
On this news the stock got up to $7 on Tuesday, all the way from below $2. But on Wednesday and Thursday the price started going down. And suddenly on Friday it started gaining again. Don’t really know why, so it was a though play, because you don’t know what to expect.
Although there was no real catalyst for this day, the price action was very good, as the volume was up high. So I started to look at what possible trades I could make in this one.
In total I made 73ct/share in only about an half hour of work. Great play!
It got much higher after I sold the second time as it looked like a hedge fund started buying into $STXS. Could have made so much more as the high of the day was at $8.99, would have been nice from my first buy at $5.75. But missed chance, I played it safe for myself and didn’t want to chase the stock to much by buying in for a third time.