CBIO Recap

Low Float Supernova: $CBIO

Scanned and listed as a potential play in the premarket, our teammate @FanaticsX was one of the first in our chat to alert a buy with confidence @ $7.40.  Taking a look at the daily chart, and seeing the amount of volume going into this play, I knew that there was a larger entity pushing the move.  Major resistance levels were breaking and turning into support.  This kind of play goes to show why you shouldn't just look for "stocks that are cheap."  The goal in the end is the % gains you can reap.  RXII was a cheaper stock today, but it obviously just wasn't moving the same way as CBIO.  If you'd analyzed and watched the price action @ $9.00's, you'd have known it was a definite buy.  Hence why I alerted an entry on this at the open with no hesitation at all

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