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Biocept, Inc.Biocept, Inc.Biocept, Inc.

Biocept, Inc.

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Biocept*investment opportunity - risky <$100m market cap* 7 years of falling price action, 3 stock splits, and an oversold condition (orange column) the above 10-day chart and monthly (below) are now displaying a number of bullish indicators. They are: 1) Regular bullish divergence on the monthly. 2) Increasing volume together with point (1) = very bullish. 3) A trend reversal as price action prints a higher low. Target price? I’ve no idea. However an update will be made once overbought. 1-month chart
BLong
by without_worries
2
$BIOC entry PTs 4-4.30 Target PTs 9.50-12 and higherBut beware book fast, always offerings during PM... ACBD Pattern of initial spike then Three Drives Pattern Biocept, Inc., an early stage molecular oncology diagnostics company, develops and commercializes proprietary circulating tumor cell and circulating tumor nucleic acid assays utilizing a standard blood sample. Its cancer assays provide information to healthcare providers to identify oncogenic alterations that qualify a subset of cancer patients for targeted therapy at diagnosis, progression, and monitoring in order to identify resistance mechanisms. The company offers assays for solid tumor indications, such as breast cancer, non-small cell lung cancer, gastric cancer, colorectal cancer, prostate cancer, melanoma, pancreaticobiliary cancer, and ovarian cancer. Its Target-Selector molecular technology enables detection of mutations and genome alterations with enhanced sensitivity and specificity, as well as is applicable to nucleic acid from circulating tumor DNA; and Target-Selector CTC and molecular platforms provide biomarker detection and monitoring capabilities. In addition, it offers laboratory services to medical oncologists, neuro-oncologists, surgical oncologists, urologists, pulmonologists, pathologists, and other physicians. Further, it is developing PCR-based assays for detecting the COVID-19 virus. The company sells its cancer diagnostic assays directly to oncologists and other physicians at private and group practices, hospitals, laboratories, and cancer centers in the United States, as well as markets its clinical trial and research services to pharmaceutical and biopharmaceutical companies, and clinical research organizations. Biocept, Inc. was founded in 1997 and is headquartered in San Diego, California.
BLong
by UnknownUnicorn19246015
$BIOC Biocept, Inc. Pre Earnings TradeBiocept, Inc. is an oncology laboratory service company, which focuses on the development and marketing of novel laboratory products in the detection of rare cells to include circulating tumor cells. It develops and commercializes proprietary circulating tumor cell and circulating tumor DNA tests utilizing a standard blood sample. The company utilizes cell enrichment and extraction technology for the detection and analysis of circulating tumor DNA tests. It also offers services to other laboratory testing providers, academic institutions, research organizations, biopharmaceutical companies and clinical trial support and specific oncogenic alterations. Biocept was founded on May 12, 1997 and is headquartered in San Diego, CA.
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by DEXWireNews
Should You Invest In Penny Stocks?I’m sure you’ve heard the term “Penny Stocks” before, but the question is, should you be trading penny stocks? In this article, I’ll show you the pros and cons of trading penny stocks. This way, you can decide whether penny stock trading is for you, whether you can make money with penny stocks, and also, is it worth your time? So let’s get started. The Pros Of Trading Penny Stocks Now, it’s very easy to find the pros of trading penny stocks because there are a lot of ‘Penny Stock Gurus’ constantly shining a spotlight on the few benefits they have. 1. You Can Start With As little as $1,000 One of the things that make penny stocks so popular is the fact is that you can start with very little capital. I would say at a minimum you could start with as little as $1,000. Penny stocks by default are stocks that are worth less than $1. So most penny stocks are trading between $0.10 and $1. So $1,000 would buy you 1,000 shares of stock, or if it is trading at $0.10 it is buying you 10,000 shares! That’s quite a lot, right? So $1,000 would buy you 1,000 shares of stock, or if it is trading at $0.10 it is buying you 10,000 shares! That’s quite a lot, right? 2. “Penny stocks can only go up” Another pro is where they say, “It can only go up.” And why is this? Well, think about it. If you can buy a penny stock for $0.10 or $0.20, what can happen? I mean, it could possibly go to zero, but as you can see, the risk is limited because you’re buying this stock very cheap. And this is where many people who promote penny stock trading say, “Well, you know what? It’s a good thing because, with so little room to the downside, it should only go up!” 3. “You can easily make 100x your investment” I mean, it could possibly go to zero, but as you can see, the risk is limited because you’re buying this stock very cheap. And this is where many people who promote penny stock trading say, “Well, you know what? It’s a good thing because, with so little room to the downside, it should only go up!” Now, also talking about it can only go up, you can “easily”, based on what they say, make 100 times your investment. Because think about it, if you’re buying it for $0.10 and it goes to $10 this would be 100 times your capital. So if you start with $1,000 and you really catch one of the penny stocks that move from $0.10 to $10, you could make $100,000 out of $1,000. I mean, this is what many people who promote penny stocks are leading you to believe. And it is true, right? If you catch one of these. So that’s the other thing. 4. Small moves lead to big gains Just in general, small moves in the penny stocks lead to big gains, and here’s why. As I mentioned above, all penny stock is trading at or below $1. So even moving just a few cents can be big percentage gains. For example, say the stock only moves from $0.10 to $0.50, you would 5x your money. And this is the kind of thing you hear a lot of the penny stock guys hyping up. The fact that these stocks are so cheap you can see massive percentage moves very quickly. So as you can see, there is something that you could look at as pros to trading penny stocks. Or at least these are the common ones that the “gurus” are focusing on. The cons of trading penny stocks Now, let’s talk about the cons. What are the cons of trading penny stocks? Well, often when you’re trading penny stocks, it’s a pump and dump scheme. Now, you might have heard about this, but I want to explain to you what that means, what a pump and dump scheme is. And in order to do this, I want to actually show you some very specific examples. Let’s take a look at RobinTrack. So RobinTrack is a website that actually tracks how many Robinhood users have a certain stock in their portfolio. And one of the popular penny stocks that Robinhood users like to trade is BIOC, Biocept. Right now around 70,000 Robinhood users own BIOC (at the time this blog was written). This stock was trading around $0.32. And so if it is trading around $0.32, again, it’s easy for the stock to double because all it needs to do is jump from $0.30 to $0.60 and it will be fine. This stock suddenly jumped up from $0.28 all the way up there to $0.80, so more than doubles. But here’s what happens, and this is why it is called a pump and dump scheme. What does pump and dump scheme mean? So obviously, some people said, “OK, you got to buy this.” I do believe that Biocept actually tweeted something around the coronavirus. Doesn’t really matter. This is when some people are jumping on it. But when do most people put this into their portfolio? After this initial jump is over. So why is this called a pump and dump scheme? Well, for a very simple reason. It is being pumped up. These penny stocks are not traded at a regular exchange. These penny stocks are traded OTC, over the counter, so they are a little bit riskier. There are also fewer regulations for these penny stocks. I don’t want to say that Biocept did it, I’m just using this as an example, but very often a company is actually paying people to send e-mails to thousands, and ten thousands, and hundreds of thousands of people and saying, “Hey, we have a stock that is really interesting.” So what do you think? Do insiders buy the stock before they send the e-mail or after they sent the e-mail? Before the e-mail, of course, right? And this is why it’s called a pump. They’re pumping it up and then as soon as many users are buying it, then they’re dumping it, and this is where often users who are buying penny stocks are being caught buying it at the high. Now, if you look at their earnings in their annual income statement you would see for the past four years, they have failed to make a profit. So why would you buy a stock that has been losing and losing and losing and losing? I know, now you might say, “Hey, Tesla did the same thing and it is worth a lot right now.” Hey, every now and then it works. But most of the time when you see this here, you can look at the last four quarters. The losses are accelerating. They are making a loss between six and nine million dollars every quarter, so it’s probably not worth a whole lot. So this is where you see the pump and dump scheme here at its best. TNXP is another penny stock that’s very popular also amongst Robinhood users. Insiders bought the stock at around $0.50, maybe $0.60. Then it is being hyped up often by spreading fake news or sending out hundreds of thousands or millions of e-mail. It quickly jumped up from $0.58, all the way to $2.40. This is when the smart people who bought it before they sent the e-mails dump it when they quadrupled or quintupled their money. Then, it came quickly down. Often when you see spikes they are very typical for a pump and dump scheme. Some people are buying it before, then they’re spreading fake news or they pay people to send out hundreds of thousands of emails. If you looked TNXP's financials, you would see very similar results here. They lost 40 million dollars in 2016, minus 21 million in 2017, and minus 26 million in 2018, and if you look at the quarterly, you see it’s not getting better. They’re also burning through 6 to 9 million dollars every single quarter. So be aware when you are trading penny stocks that often you could fall for a pump and dump scheme. Summary So first of all, when trading penny stocks most of the time, keep this in mind, you are gambling. And this is where most people just say, “Yeah, you know what? I put $500 into this or $1,000 and if it works out, then I’m 5x, 10x, 100x my money here.” So the approach that most people who are trading penny stocks are using is the so-called spray and pray approach. This means they’re buying a lot of them and all that needs to happen is that one of them is actually taking off here. Now, take a look at the financials, because you will see that most penny stocks are junk. You see, if they have been producing losses over the past four years I doubt that this would be the year where it suddenly turns around. Anyhow, every now and then, absolutely, you can catch a winner, but I think the odds are against you. Now, you know me, I’m a big fan of that especially if you want to trade a small account, so if you don’t have a lot of money, consider trading options. Trade options on regular stocks, because options also often only cost $0.50, $0.75, $1 so you can trade options and trade regular stocks. Has this been helpful so that you know a little bit more of what is behind penny stocks, or should you be trading penny stocks?
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by rockwelltrading
You're doin' great boys.NASDAQ:BIOC Just look at this chart guys. Great ranging, beautiful breaks to the upside, followed by consolidation. These are the patterns we trade for. Wednesday will show us more of this picture, if it continues to look like these ranges we're in good shape. A close below the 50EMA (green dotted) would make me review things, a strong close above $1 would see this soar. Bio stocks have been trending for a while now, I don't think this car is out of gas yet. Golden Cross on the daily, bounce off of the 50EMA and a bounce off the 50 line on the RSI . We're just waiting for the MACD to push back over the signal line but momentum is starting to turn. Let's just keep an eye on Wednesday/Thursday and see what it brings.
BLong
by waintech
BIOC around 383 % up since March 2020Disclaimer Please don't take this as a financial advice, remember I'm not a professional analytic, this whole idea is based on my knowledge, interpretation and opinion. This is only my Idea, don't buy or sell because of my idea. Do your own research in the company before deciding either buy or sell. Remember there is always a risk of losing money when you trade or invest in any stock, you must decide at your own risk. Personal Opinion and Analysis In the 30 min chart there is a 52-week high what could be the new resistance at $1.30. Spotted 3 Support Levels one of them at $1.00, second support level at .95 in case $1.00 break down and las support level at .85. In my opinion I think this stock will hold above $1.00 because it has great news and a nice momentum. If you see the Parabolic Sar is above the candle sticks at $1.21 and the candle stick need to get around that range to keep moving up. Also, we can see in plain view that candles are trading above the MA 50 and MA 200. Stochastic is under 20, MACD still above 0.00 and RSI for me is perfect at 47. I have position here and I’m planning to sell above $3. Remember trade smart and don’t take this opinion and price target as a financial advice. Do your own research and trade at your own risk.
BLong
by Making_Profit
BIOCEPT Continuation Targets Biocept, Inc. is an oncology laboratory service company, which focuses on the development and marketing of novel laboratory products in the detection of rare cells to include circulating tumor cells. It develops and commercializes proprietary circulating tumor cell and circulating tumor DNA tests utilizing a standard blood sample. The company utilizes cell enrichment and extraction technology for the detection and analysis of circulating tumor DNA tests. It also offers services to other laboratory testing providers, academic institutions, research organizations, biopharmaceutical companies and clinical trial support and specific oncogenic alterations. Biocept was founded on May 12, 1997 and is headquartered in San Diego, CA.
BLong
by DEXWireNews