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SteadyTrade Treats 🍭 Adjusting Your Expectations πŸ› οΈ

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6 β€’ 589 Ratings

πŸ—“οΈ 10 August 2020

⏱️ 12 minutes

🧾️ Download transcript

Summary

Happy Monday, traders.In this episode of SteadyTrade Treats, your hosts Bryce and Matt talk about last week's movers and what to look for coming into the second full week of August.While the market seems to be slowing down, Bryce and Matt also talk about how to prepare for possible slower action.We hope you enjoy and we’ll see you on Wednesday for your next dose of Treats.

Transcript

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0:00.0

Good morning, steady trade treats listeners.

0:03.0

We are back for Monday's edition of your favorite treats of the week.

0:08.0

As you know, I'm Bryce Tooie, joined by Matthew Monica, and we're talking about penny stocks

0:13.0

and the overall market condition of these stocks.

0:15.0

And guys, we're not going to lie to you, it's slowing down a little bit.

0:18.0

I actually left earlier this past Friday.

0:20.0

I didn't see a whole lot I liked and, you know, it's better to, better to not make any money than to lose money. And I know I'll lose money in the slow market. But so we really, right now we have two stocks we want to talk about that we saw moving on Friday that we think could have some potential for Monday. And again, remember, this is not investment advice, only for informational, educational purposes. First stock we're going to talk about, and it's

0:41.0

one we talked about on Friday's episode, was RLFTF or Leaf Therapeutics Holding. The reason I

0:47.4

think this, and Matt and I were talking about, this is a good one to talk about is because it

0:51.5

had that red day, but it really wasn't a red day.

0:55.3

Like, it didn't, that wasn't there, there was no true panic.

0:58.6

There's really no new news on this yet.

1:00.0

But if they put on another PR here, or maybe even if they don't, I don't know, this, this could, this could fly.

1:07.6

So again, RLFF, the whole, the news that started this all off was that the FDA granted an

1:13.6

inhaled use for their RLF 100, which is eviptidol. I'm going to, that's going to be the word for it.

1:21.2

That's going to be what we call it here. To treat patients with moderate and severe COVID-19

1:24.5

aiming to prevent progression to respiratory failure. Again, phase one

1:29.1

has not started up this testing yet. It was just simply news that the FDA has allowed them to

1:34.3

start these phases. So it's an investigational drug, no results for the company, and this is up a ton.

1:42.0

It started its run at, well, it opened up at five, five cents a share hit a high

1:48.2

on Thursday of 95 cents a share. And it did dip down into the mid 50 cents of share area, but closed,

1:54.7

I think it closed above 60. So there was, there was just no real panic. But Matt, you know these

...

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