Corcept breakout

18 maj 2018

You certainly should keep an eye on this when trading resumes Monday, the pattern is an indicator for a good move up. Although the breakout looks very good the volume hasn't increased at all which is a concern of course. But it looks good enough that although I'm not an accountant I checked out the 10-K; I think the company is in the black and they have potentially very profitable drugs "in the pipeline" so this should be a winner. Anyway, they hooked me, it seems to be a good bet so I've bought some shares.

20 lip 2018

Uwaga

It was going fine for a month after my purchase, but then there was news that Teva was going to copy Korlym, that sent the stock into a sharp decline and now on July 20th it's still going down. Of course I had to dump the shares, but this is one to watch because the company is profitable and when the business with Teva is eventually sorted out the stock price should rebound sharply. We live in hope :-)