 Hey traders this is Tosh I go by T Bradley 90 in the my investing club chat today one of our moderators Matt who goes by Chicago trader in MIC has a how-to series every Sunday on fundamentals or reading filings and today we have a special video on SGMO ticker and AQB and deep dive into both of them and while today is just a preview of the full length video if you want to watch the full length or any of our exclusive content then become an MIC member. Hey what's going on guys Chicago trader checking in here on Friday April the 5th just want to cover a few names that I kind of touched on the past week and a few of the offerings that have been going on at some of these larger biotech stocks so let me jump right into it and I apologize it's still been sick this whole week so SGMO is another one large cap biotech stock to gap up on some news you can kind of come here to the daily chart and see it's been a pretty nice downtrend since the beginning of 2018 but you know gaps up from 9 to 12 which you know three point move is a pretty big move for a stock that has a bigger float and is a big of a company as this one is you can see it's about what you know 1.3 billion dollar companies so for myself personally again it's not investment advice on my part or MIC but I've kind of warned against some of these biotechs even some of the smaller ones that gap up and they hold for a week or two especially after they do an offering and you know for me it's just something I don't you know it's above my pay grade trying to understand how good you know a drug or approval is but clearly when they gap up they hold someone usually is buying them if you guys remember the first one I kind of mentioned was AXSM when it kind of broke this you know nine dollars it's been a high flyer since it went from you know two dollars why I touched on last week that looks pretty good Derm if I can zoom in here it did a pretty large offering you know you can see the kind of a nice day it looks similar to the AXSM with Derm I forget how large that offering was you know 120, 125 million yeah 130 million again good under rider city you know Guggenheim you know you got some of the smaller guys on there too but definitely don't want to fight them can't remember if I mentioned it in last week's video but I believe I did maybe it was with a trader what a lot of these guys do is the book runners if you allocate for X amount of shares of this offering say you want 100,000 for your clients and you only get 50 a lot of times what they'll do is you know they'll take the 50,000 shares that they get from the offering and this one was discounted to 13, 25 yeah so priced really well they'll go buy in the open market and you can kind of see Derm you know maybe if you didn't get allocated you can just go buy at the open market for you actually you know 50 cents less here at 13 what was the other one SGMO yeah so this was the other one this week that gapped up so gaps up here this one I definitely was not competent on with it being an offering so let me scroll down I was kind of just doing a quick run through hey traders this is Tosh I go by T Bradley 90 in the my investing club chat just wanted to reach out and say if you have any questions about MIC joining MIC maybe you're a member already you have three ways to contact myself personally and through MIC you can hit our social media you can hit me through PMs in chat or you can contact us through my email at Tosh at myinvestingclub.com that's Tosh at myinvestingclub.com I will get back to you in a timely manner and I'm saying this because I'm here to help and I don't want anybody to be afraid to reach out and ask any question that they have we are here for you guys all right see you guys