| Hey Trader, Back in early September, I noticed something big happening at a little biotech firm. TRACON Pharmaceuticals (ticker TCON) develops therapeutics for cancer and wet age-related macular degeneration. But what caught my eye was the insane amount of buying from company insiders:
The big buying began in March, when the stock was making new all-time lows. But as the months marched on, the buying picked up steam. CEO Charles Theuer invested more than a quarter million in the span of about 6 months… While activist investor and 10% owner Opaleye Management gobbled up 700,000 shares within 3 days. Matter of fact, this was one of the largest cluster buys in TRACON's history. … And subscribers who got in when I recommended TCON as a buy on September 8 have seen their investment grow 123% in just two months. That's how powerful this signal is. … But it's just the tip of the iceberg. I recently sat down with a fellow trading professional to talk in-depth about the "cluster" signal as well as my other favorite buy signals… Yours for more precise trading, Ross Givens |
| Market Traders Daily |
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