Catalyst Pharmaceutical Partners, Inc. (NASDAQ:CPRX) fell hard this morning and had traded as low as $.46 by the time my trading platform was up at 8:30 this morning. It was looking awesome for a bounce to open the trading session so I alerted it at $.52… twice! Some traders had issue purchasing the stock pre-market, but if you were able to grab shares this morning, congrats! This stock bounced as high as $.69 within the first 15m of trading for a possible gain of 32.6% from my alert at $.52!
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The stock was down on news that its cocaine addiction drug did not meet the primary endpoint for phase 2b… The company still has other products in the pipeline and bounced nicely again at the end of the day after it had moved to a new low at $.43. I alerted another bounce at $.452, but unfortunately we got stopped out of the trade at $.44. This should be a great stock to watch for entry tomorrow morning. There could be nice percentage gain to be had if the stock ever moves to fill that huge gap it left behind!
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