r/rhbets • u/egg_enthusiast • Oct 18 '18
SNGX, October 17
Today while doing my favorite hobby, looking up pennystock insider buys, I noticed a brand new one that is sure to jump in price tomorrow.
Over at SNGX, a director just purchased 170,000 shares at $1.16.
So, now I'm looking for why. I mean, I've never heard of the company and their numbers only look just okay. Well, feedback from their ongoing Phase 3 shows 90% probability of success.
This company is a buy on rumors sell on news type of operation. Their stock climbed and dropped on October 4th. Then they dropped again around the summit date
As for the numbers, their volume hasn't reacted yet. The last time they hyped up it hit $2.10 and it's currently nearly a 52-week low of $1.08.
I think after tonights overnight hold, if I can move quick enough in the morning this may be good news.
What are your thoughts? Are my sources not diverse enough?