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Small-Cap at a Key Technical Level 📈
Very important day for this one...
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TODAY’S TOP ALERT!
Nasdaq: ISPC
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The latest CPI data released yesterday morning was in line with expectations at 0.2% for the fourth straight month.
Those are pretty tame numbers. And, as you would expect, the markets have already have priced the data in.
But you should know this about investors: They’re like racehorses with blinkers on, focusing only on whatever is right in front of them.
So attention turned away from the economic promise of a new Trump Administration and toward the broader state of the economy.
I wrote yesterday morning that the “markets are likely to have some wild swings on the news,” and sure enough, they did.
By early afternoon, we were looking at a green day before some percolating comments from Fed officials sent the major indexes back to where they opened.
My “tactical trade” idea yesterday — iSpecimen Inc (ISPC) — followed SPY and QQQ almost exactly…
It spiked more than 7% and by the early afternoon was still up 5% before it followed the markets down. Ultimately, it closed the day down a few points.
ISPC is a tiny stock, with Yahoo! placing its market cap just over $4 million.
Even a small handful of sellers could easily account for the drop.
But here’s the thing: I still like the stock.
It’s still sitting well above the support I mentioned in yesterday’s dispatch, and I think it may still be on the cusp of another breakout like it has had several times in the past few months.
My reasoning stands: The stock “has tested levels roughly 20-120% higher on five occasions in the past two months, and based on that history, I won’t be surprised to see it test those levels again soon.”
All the front-page news this morning is about Trump’s latest Cabinet nominations, so I expected the market “racehorses” to focus again on the promise of the coming Administration rather than inflation and the broader economy.
As such, I’m still watching ISPC closely today, and I recommend keeping it high up on your watchlist as the day unfolds.
DO NOT TAKE YOUR EYES OFF OF ISPC TODAY!
To Your Success,
Jeff Bishop
62 Calef Hwy #233 Lee, New Hampshire 03861 United States
Questions or concerns about our products? Email [email protected] © Copyright 2022, RagingBull
*Just so you know, what you're reading is curated content for which we have received a monetary fee (detailed below) to create and distribute. Let's be clear that investing can be quite the roller coaster as stock prices can have wild swings up and down, so consider those crucial risks before you ever consider trading anything we discuss. Make sure you check out our full disclosure down below for the details on how we were paid, the risks, and why these results aren't what you'd call “typical.”
Just a quick heads up about this ad you're reading—as we’ve said, even though we like the company referenced above, and all the facts we discussed above are true to the best of our knowledge, we are running a business here. To distribute this information and help offset the costs of maintaining our large digital audience, in advance of writing the content above, we received twenty two thousand five hundred dollars (cash) from Interactive Offers for advertising iSpecimen Inc for a two day marketing program on Novemeber 13-14, 2024. This was paid by someone else not connected to iSpecimen Inc. It might be obvious, but whoever paid for this might own shares and is likely looking to sell some or all of them at any time after we send out this information, which might affect the stock price. We may also buy or sell shares in the company at some point in the future, although neither RagingBull nor its owners own any shares of the company at this time. Also, keep in mind that due to the sheer size of our audience, if even a small percentage of people decide they want to buy this stock, it could potentially boost interest enough to hike up those share prices and cause a temporary spike, and the opposite is possible as our program ends, though that is not always the case.
Now, diving right into iSpecimen Inc might sound exciting. But remember, it’s like venturing into the wilderness—be aware that there's exceptional risk involved in trading. This isn't small potatoes we're talking about; you could lose every dime you put in, so always carefully think about what you’re doing. That’s why they call this trading, after all. We're shining a light on the good stuff about the company here, but it's on you to do your homework, make your own calls, and determine a plan for your own trading, hopefully with the help of your professional 1nvestment advis0r.
Oh, that brings us to another crucial point—we're not here to tell you (or even recommend) what you should do with your hard-earned money. We’re simply sharing our non-expert thoughts by highlighting some companies we like that could use some help telling their story to more people. We’re obviously biased in our writing. We’re not here to dig into anything that may be negative about the company; this is advertising, after all! Also, keep in mind that if we make some predictions about the future, these are technically known as “forward-L00king statements” under the securities acts, so take those with a grain of salt. As with all forecasts, they’re not set in stone, often wrong, and we certainly can’t know where the Company’s earnings, business, or share price will be tomorrow or a year from now.
Everything you read from us is all for your education, information, and possible entertainment. While we believe the info is reliable and accurate, we can't wear a cape and guarantee it. Before you jump into anything, make sure to talk it over with a pro—someone you trust who's licensed to give you real advice. To be clear,
Neither Raging Bull nor its owners, employees, or independent contractors are registered as a secur1.ties br0ker-deale.r, br0ker, 1nvest.ment advis0r (IA), or IA rep’s with the SEC, any state securities regulat0ry auth.ority, or any self-regulat0ry organization.
So, that's the scoop! If you're intrigued and want to learn more about the companies we talk about, hit up the SEC's website to dig into their filings and see the full picture.