Penny Stock Generex Biotechnology Corp. (OTCBB: GNBT.OB) traded more than 3x its Average Volume today reaching as high as 0.19 at one point in the day’s trading session.
GNBT closing price today was $0.155, down -10.40% (-0.018).
GNBT traded volume of 6,024,288.
GNBT is trading:
- $-0.02 below its 20 day moving average,
- $-0.008 below its 10 day moving average and
- $-0.006 below its 5 day moving average.
Generex Biotech has been developing Oral-lyn, a needle-less insulin delivery product for diabetics. It is an insulin spray that delivers insulin through the inner lining of the cheek and has been trying to beat Afrezza, developed by ManKind Corp. (NASDAQ:MNKD), which uses the lungs as a delivery system.
An early run up this year saw GNBT almost triple in share price to get knocked back after the announcement of a financing deal last week securing funds by using real estate properties as collateral, and then this week a securities purchase agreement hit the wires.
Generex’s restructuring looks to be focused towards Antigen Express and AE-37 which will be its money maker. Keep GNBT on the radar as this stock could pop if and when news on AE-37 breaks.
“Be fearful when others are greedy, and be greedy when others are fearful.” – Warren Buffett
If you really want to make some considerable profits from the stock market, it is possible to make a considerable amount of money on penny stock trading. When you find the right penny stock to buy, knowing when to buy and sell is the second most important tool to maximizing your profits.
Being technical, analytical or just flat-out greedy when trading penny stocks is the easiest way to limit profits and, sometimes, even lose your entire investment. You need to have a strong and strict strategy to achieve your goal of maximizing profits while minimizing risks in penny stocks.
Listed below are a few of the many points each and every penny stock investor needs to discover.
- Do your own research.
- Trade Responsibly.
- Verify everything.
- Move Fast or Get Left Behind.
- Do not use market orders to enter a position, use limit orders.
- Have a System That fits You.
- If a Stock Gaps Open, Look for Pullbacks to Enter.
- Plan a Trade and Trade a Plan.
- Always use stop loss orders to protect yourself.
- Positive Self- Belief.
- Keep trading as Part of a Balanced life.
- If a stock breaks below our alert price GET OUT. Do not wait.
- View Trading as a Score in Points and Not In Money:
- Always take your profits whenever you can. Do Not Be Greedy.
- Work Hard at Learning How to Trade Properly and Keep Working.
- Do something to make someone else’s life better today.
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