NVTR trade for 3/18 – 3/21/2016

Posted By on Mar 21, 2016 | 0 comments


NuvectraCorp ($NVTR stock) was spun off of $GB last week. It has $7 in cash, zero debt, and a FDA approved spinal cord stimulation system. Stock got slammed last Friday to $4 and we found them to offer significant value.

The tape late last Friday told us that a huge working buyer stepped in to buy stock in the last 15 minutes of the close so we wanted to swing the position and have him work it up higher Monday. That's exactly what happened and we sold $NVTR into strength today.

Net Profit: +$8,373 (+33% return)

nvtr

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