Axsome Therapeutics Inc. (NASDAQ:AXSM)

Strategy Session October 1st, 2019

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Strategy Session
October 1st, 2019
   06:42
Bands Volume 200 SMA 50 SMA 20 SMA Videos Alerts Articles Events
AXSM Weekly Chart

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  • marketdude: $AXSM breakout and currently long, volume on a daily basis could be better but intraday is promising.
  • traderdl: $AXSM hod
  • scottrades: Some #Earnings to he aware of this week: $PLTR $DIS $OXY $NCLH $BNTX $TTD $RBLX $AMC $UPST $NIO $PLUG $FANG $LCID $AMR $NVAX $RIVN $VTRS $KOS $BRK.B (Sat) $CRON $LYFT $MOS $CGC $AFRM $APRN $ATVI $AXSM $SEDG $TTWO $CLOV $AMG $WKHS $APPS $NRG $MARA $PRTY $VTNR $DINO $BLDR
  • traderdl: $AXSM new high - day 1 trigger daily
  • AdrenalineTrade: $AXSM bull flag daily for attempt at 30 bucks
  • AdrenalineTrade: $AXSM I like this volume today. Buyers stepping up. Short term profit takers and bag holders may suppress this for a few days, but I would wager we grind higher.
  • AdrenalineTrade: $AXSM taking a small piece at 28
  • Herb: @bRobert thoughts on the $AXSM weekly chart?
  • bRobert: @Herb $AXSM If the high base daily breaks out..............$110 old high Above that........$150+ POTENTIAL 11% short but 12 d given the SMALL FLOAT trades 300k shares / day THIN A who's who in institutional ownership None of them could leave in a hurry without CRUSHING the stock I'll watch it and maybe throw it in the spec bin with a call or 2
  • Herb: @bRobert Thoughts on the $AXSM weekly chart?
  • bRobert: On my watch list with text alerts. I own a few $MANH. WEEKLY. reversal. Close to breaking out. $125/$160. Please compare to similar $DOMO. reversal breakout. Blueprint Alerts and a partial. 50%. upside Pullback bounces > $106 $NVCR. WEEKLY. C&H breakout/pullback retest. Bounce watch $220 $OCN. daily C&H. $30/$38. WEEKLY. Cup. $55 $BTAI. $AXSM. $IMUX WEEKLY. pinches. Set alerts High potential $AEYE WEEKLY. CUP./ W. breakout $30/$40. $SITE. WEEKLY C&H breakout. $210. $VICR WEEKLY C&H and squeeze breakout. $150 $NUS. Daily pinch. WEEKLY. Cup /reversal. $60/$90 with trigger $EGO. $18/$20. with trigger. WEEKLY Chart Looks much better than the average miner
  • Auto: $AXSM long consolidation daily watch $77.48 for break
  • Herb: $AXSM (85.43 +16.98%): @debeers Congrats if you're still in this. Announced that in the GEMINI Phase 3 trial, AXS-05 rapidly and significantly improved patient-reported outcomes of depression in patients with major depressive disorder. The candidate demonstrated a highly statistically significant reduction in patient-reported depressive symptoms compared to placebo at Week 6, with mean reductions from baseline in the QIDS-SR-16 total score of 7.8 points for AXS-05 vs 5.4 points for placebo, or 48% vs 34% reductions from baseline, respectively. AXS-05 was well tolerated. Touched up to its highest levels since May.
  • debeers: @Herb $AXSM -Yup. Of course they didn't mention that the best cure for the depression that $AXSM seeks to alleviate is a stock that goes up almost 17% aaand the side effect is only euphoria. Which i am sure will wear off soon enough.
  • HGIGuy: $AXSM Broke out of VS and above 50dma on news. Still a lot of hurt from the past two months to chew through, but good potential.
  • issues: @stairm01 $BNTX not a great rating from IBD (56 composite) B accumulation. I wonder why it's blasting off. Any idea? It's not much better than $AXSM (55 B-) NP on either.
  • stairm01: @issues $BNTX $AXSM Got upgrade yesterday to $69 from $63. I bought yesterday at $56.27 and sold the July 60 strike Covered Call for $8.
  • Motorman: $AXSM bounced off bottom of BB, bumping up against 50day, gap fill on the weekly
  • spmeyers: @bRobert $SYNA $AXSM $BTAI I'd like SYNA to pull in a bit more; have starter in AXSM
  • bRobert: @spmeyers $SYNA $AXSM $BTAI Your entitled to wish for the best entry . This one isn't bad If you took the trade late today your stop would be just under the low of the day $66.90 3.7% stop $19% upside to target 1 $38% to target 2 I like those odds . You can take an undersized position, with the PLAN of adding on a deeper pullback/bounce closer to the 50d. If the stock breaks out, you have a piece If it pulls back, your risk is controlled with the smaller sized entry Pre Covid this was a very strong stock . The WEEKLY W middle leg was just retested and it looks ready to move up
  • bRobert: ...
    $AXSM Extended flag like pullback following a huge 50% breakout gap and crap move Pullback to the 50d /bounce with tiny flag This spec has a huge potential upside to the $150 area Small position is best which allows a looser stop ...
  • tjv821: @bRobert $SYNA $AXSM $BTAI $btai looks like a nice cup forming
  • bRobert: @tjv821 $SYNA $AXSM $BTAI $btai It is a really easy stock to hold Excluding covid, it stays >20d and climbs in n orderly manner
  • zimzala:
  • spmeyers: @zimzala $AXSM watching it
  • Junior1: @debeers What's happening with our beloved $AXSM... In an LT account... down 18%
  • debeers: @Junior1 $AXSM -well #1- i know Junior is way too smart to be down 18% in anything long term or not.
    i wish i could be everywhere but i cannot so here you go:
    Axsome: 1Q Earnings Snapshot
    7:40 AM ET, 05/08/2020 - Associated Press
    NEW YORK (AP) _ Axso ...
  • Junior1: @debeers Are you still keen on $AXSM ? Looks like it wants to fill the gap back to 76
  • Auto: $AXSM found a base long
  • Junior1: @debeers Are you still a proponent for $AXSM. I respect your opinion... thank you
  • Herb: @Junior1 $AXSM great pipeline.
  • shoredriver: @Junior1 $AXSM ...fiter on the symbol...she posted earlier today......
  • Junior1: @shoredriver $AXSM I did before posting. Nothing on AXSM
  • debeers: ...
    i want a biotech that doesn't give away the fruits of its labors like Gilead does but rather has all the analysts lined up for higher by 70-100% higher which is $AXSM.Interest rate to banks is now minus 1%. BUY $NAIL-
    IMO Gilead is to be lauded f ...
  • Forexpro: @debeers $MSFT $PE $AXSM $NAIL Thanks Much, Lady DeBeers, Always interested in your take on the shape of the world. Mister Softee will continue to be a "hold, add on significant dips" for me. All the best!
  • debeers: @Forexpro $MSFT $PE $AXSM $NAIL ---you are so welcome. Best to you always, Forex
  • debeers: @Forexpro $MSFT $PE $AXSM $NAIL - And the funny thing is that IBD will probably bless anything closing at 180 or above as buyable. Go figure.
  • debeers: ...
    $AXSM-powering through expecting over 100 today (about halfway there to target).
  • debeers: $AXSM-thestock that focuses on medical needs solutions for Migraine, Ahlzeimer's, and Opiod addiction got some new price targets today from some analysts---The HC Wainright was simply re-iterated (and in biotech he is my go to guy). If you want a steady eddy, this isn't your baby but this has already been a nice one since the first Wainright recommendation and a few in SMM recognized the work of this exceptional analyst so here's what todays were-all except Wainright's new: $AXSM Guggenheim 200 Cowen 135 Sun Trust Robinson 200 HC Wainright 210 And darlings we are not even half way there so even if you took these folks with a handful of salt, and the stock doesn't go up 100+% from here, would 50% up make you happy? If not, move along and let the rest of us make bank.
  • debeers: $AXSM- vs $LABU Biotech is by and large down--see $LABU. But not Awesome- i mean AXSM. It is not only up it is up on above average volume. This isn't my opinion- this is fact at least for the day $PE-Sharper than Expected Capex Cut Infers Lower Oil Volumes, but Better FCF. This is a fancy shmancy way of saying that Parsely does more with less. They got the dough to ride the low prices out and benefit mightly from the turn. Amazing management. I didn't want to buy until i got a "hit me hurt me show me that you care" masochistic price and today i did.LONG $NAIL- a refusal here to acknowlege whatis going on with the pivot is stupefying IMO but it is what it is. How many double digit gains does this index need?
  • docschwaz: @debeers $AXSM $LABU $PE $NAIL Appreciate your posts and grabbed some PE. Are you in $WYNN?
  • Auto: $AXSM looking at $100 for the break to add
  • Junior1: @Auto $AXSM Options are very thinly traded, so there should be less pinning at whole numbers than otherwise.
  • Auto: @Auto $AXSM hello $100 they keep adding very slowly 8>)
  • debeers: @DAN $SPY $QQQ - You are right and the reversal was decisive. I really like $AXSM because while $LABU down this was up again and most targets are twice what it is currently.. $NAIL is also an index that isn't covered here and today was a followthru day where its up 20% again. Energy seems to be trying to reverse and what i found interesting today was that ma ny large property guys are buying land as fast as they can in Texas so i thin we might be able to focus on some smaller cap businesses here.Energy is trying to stage a comeback from the depths and Parsely$PE made the pivot.
  • PRK: $AXSM Check out $AXSM up big in PM Thank you Lady DeBeers in this because of your recomendation!!
  • Henry: #GAPPERS $AXSM $AYTU $AVDL $DO $AXSM phase 2 Alzheimers drug $AYTU covid test and of all things, a technology to shine UV Light inside the trachea $AVDL narcolepsy drug, is that a common disease? $DO oil need I say more?
  • BocaRick: $AXSM up 45% ???? trial for Alzheimer drug positive
  • Herb: @debeers congrats on $AXSM. Are you still long?
  • Auto: $AXSM short working $SDGR gift this morning added $TSLA Boom! added $NLOK HS Thanks Dan working added
  • debeers: @Herb $AXSM -Mais Oui!
  • debeers: $AXSM/$WGO-a headache is what you all have for NOT buying this one as it meets the primary studies for its migraine drug. Look--the reason i liked it in the first place is that it has so many studies going for it in the areas of medicine with so mu ...
  • captron: @debeers $AXSM $WGO I believe the catalyst now for $WGO is the super low gas prices. You would be surprised how many people flinch when they fill up and see $100 plus on the meter and they are only a third of the way there let alone the drive back. That's just my opinion.
  • debeers: $BX/$DXCM/$AXSM/$NUE/TDOC/$WYNN as of today-Long all Sold $AMZN and Sold $BYND before my Kunta Kinte salon appointment.(going back to my "natural" color) didn't get top buck for either but within 2 on both. Glad i did. Dumb luck. Things officially won't open for awhile but unhofficially the small business guys where i live are seeing their long time clients. $NUE was not on their current call but on their outlook and that it crossed the 50.
  • PRK: $AXSM Riding up the upper BB. Thank you Lady DeBeers!!! Anyone suggest a stop., I was thinking of moving it up to 73.89
  • greenpatrol: $AXSM just broke up through VWAP
  • issues: @greenpatrol $AXSM I put in a limit order. Thank you!
  • debeers: $CI and $BX-sent to their room and can come back and play with the ohers when it behaves. $LABU from the open $AXSM, $EBAY, $INMD, $SNY, $TDOC, $WMT (which i still think will buy my $EBAY.
  • jonwest88: @debeers $SNY $AXSM $INMD $CI $EBAY $LRCX $SFT $TSM $WMT $BA Looked to add more $INMD yesterday but re added some to my $MA shares that were sold in 2019 at higher prices. $MA is up 5.5 % from yesterday's add, and $INMD add would have been up about 6.5%. I am still looking to add to $INMD. Plenty of time, and I did take a shot and add more @17.5. I will look at Dan's sell the put option strategy to add, as long as the bid ask spread is not insanely ridiculous.
  • debeers: ...
    $AXSM+5.33%
    $INMD 8.81%
    $CI- -1.64%
    $EBAY- down .32% )Oh the horrors!)
    $LRCX- 2.49% reporting next week and they make the wafers for the Taiwan semi chips---yes ALL the wafers

    $SNY- 1.47% not just for Corona but also for diabetes
    $TSM- 2.42%
    $WM ...
  • debeers: $AXSM-Cowen initiates coverage on $AXSM with a 95 dollar target. Just so you know, the average target on this stock is 115.LONG
    Here's what i think you should know about the stock:Axsome Therapeutics, Inc. is a clinical-stage biopharmaceutical compan ...
  • debeers: $AXSM-More like Awesome than AXSM i n my opinion.
  • Herb: Market not jumping up and down over $AXSM results.
  • Herb: $AXSM acting better today on news. NP.
  • issues: I added to $COST. I was waiting and waiting for the drop to hit my limit order but no deal. Up it goes. So FOMO made me buy another small position. Earnings on Thursday include $DG $ADBE $AVGO $DOCU $AXSM. We bought ADBE yesterday and hold small positions in DOCU and ADBE. I bought a position in AVGO. I have an inclination that AVGO will hit a homer on Thursday.
  • SamZ: Hi @Dan @scottrades, I watched your tutorial videos and trying to leverage that knowledge. Does $AXSM good pick? It seems like it has both x and y-axes criteria for the stock, however the company is biotech with no product and earning is coming so I am worried to buy. Any thoughts?
  • scottrades: @SamZ $AXSM I think you'd want the stock to get above and stay above the 50 Day MA before considering a position.
  • bwcarnation1: $AXSM running haven't found any news yet
  • debeers: $AXSM-like many of the bios today, after the drug drubbing last night, itsdown and yet, they just completed enrollmentfor their phase III migraine drug. Selling it now? Why?
  • debeers: $AXSM-@ big conferences coming up so i added a skosh today: Cowen and Leerink and this one has a habit of going up before and after the presentations.
  • Scruffy: $AXSM - Keep your eye on this one. It is squeezing and starting to move on good volume.
  • Reif99: @Scruffy $AXSM Careful on this one. Looks like a squeeze, but that's a 7% range from the low of two days ago to today's high. Pretty volatile within this trading range. I'm taking a small position.
  • Scruffy: @Reif99 $AXSM - You are right about it trading in a range. Each time it has traded down to the lover bb, it has bounced. I'll probably bail if it closes below the lower bb. Otherwise, I'm holding and waiting for a breakout. Earning are March 12 so that is another thing to think about.
  • Scruffy: $AXSM - it has lost a lot of it's luster in the last hour. Not lloking nearly as appealing.
  • Margi1983: @Scruffy $AXSM This has done nothing but slide down in a tight range since Dec. 2019. Frustrating stock
  • debeers: ...
    $AXSM- I always thought it was awesome and not $AXSM and now BlackRock has taken a stake. i started doing research on it when it was brought to my attention that it was HCWainright's top pick. They don't endorse a lot and so i decided to find out ...
  • kbrowe: @debeers $TW $AXSM $TW Been holding this Apr 2019 IPO from below, so profitable, and saw it bounce today. ER was 2 days ago with nice beats. Only concern is failed test at $50 resistance from last summer, watching to see if it can break through next week to an ATH. Also pays a small dividend.
  • debeers: $AXSM-Having flushed out the folks who probably souldn't have ven tured in to it to begin with, $AXSM should start its upward trajectory again. Anti opiod drugs and anti depressant drugs with positive news look promising toi me. The next stage in their anti-depressant drug is happily now fully populated. Leerink's top choice and mine since the need is so great in these areas. LONG
  • Herb: @debeers $AXSM that plunge down to 80 was absurd. . . . .
  • debeers: @mradams0621 $RH $SILK. mr. adams out of $SILK---but it is a great company. i needed the money for $AXSM which i like better.thanks for the kindness
  • debeers: $AXSM-added to my position this am at 80.25. Action Plan: co is a winner in my opinion so here's my action plan- 1. get sick to your stomach 2. go to the vomitorium 3. add to your shares Could make this difficult if i wanted to go into anti-opiod or anti-depressants. Don't need to though.LONG from 9.38. HC Wainright's top pick.Their target 200.
  • debeers: $AXSM-Axsome Therapeutics (AXSM) announced the completion of patient randomization in the STRIDE-1 study, a Phase 3 trial of AXS-05 in patients with treatment resistant depression. Axsome remains on track to report top-line results from STRIDE-1 in the first quarter of 2020. I want to make it abundantly clear, since there are folks here who contribute nothing but whose main job is to take issue with everything ***, that i do take depression and suicidal tendencies very seriously. Nevertheless , if you own H.C.Wainright's top pick with a target of 200 dollars which is conservative considering prior gains,and you have already experienced the following returns 1 Year +954.8% 3 Year 1,728.3%, I think their returns alone could give you a non-medicated lift.LONG from 9.38 on 3/8/2019. ***in my opinion.
  • debeers: $AXSM-In March (March 8th actually)i wrote you all about $AXSM- it was 9.28 and i gave you allthe fiundie reasons for owning it as i saw that lowering pain without addicting opiods and alleviation of depression were 2 crying needs in our society. At ...
  • Tango: @debeers $AXSM Darn, wasn’t here in March!
  • Richlion1: @debeers $AXSM wow I think you wrote about this company before correct? Seems what this country needs for sure.
  • Herb: @debeers $AXSM A friend of a good friend has had a humongous position for a long long time, from the very low single digits. Still holds it.
  • debeers: @Tango $AXSM -you are here now.Regret, unless you have hurt someone deeply, is a wasted emotion.
  • debeers: @Herb $AXSM -well he/she probably has to work very hard--not being as smart as you all are here.
  • Tango: @debeers $AXSM You we’re correct about the stock. We can only conclude you are right about us!
  • Geewhiz: @debeers $AXSM OUCH!
  • captron: $AXSM - Seems to of found the bottom of recent pull back. Institutions were buying last month. Waiting for them to start again. I added to my position here at 90.05.
  • debeers: $AXSM-Finally came down to the 2ndary share price of 87 and change this am. This co works on non-opiod drugs for depression and anxiety and pain. Liked it from long ago and wanted to get some more at the 2ndary price and all the underwriters scooped it up before i could. Fin ally got a 2nd bite of this apple on the HC Wainright top pick.LONG
  • Margi1983: @debeers $AXSM With so many other good stocks, this is getting tough to hold. I realize that it is biotech with a potentially great product, but I am trying to make money and not own sliding stocks in a great market. If it drops below the 20 ma, I am out
  • debeers: $AXSM-The secondary at 87 has now fully been digested. Although i rely on HCWainright whose target is 200 because he his looking down the road at an expansion of anti-opiod and anti depressive drugs and sees thast the technology to do what they do is ...
  • Herb: $AXSM closed its 12/19 gap for a nanosecond.
  • debeers: @gwenzee $SAGE -$AXSM- took some today not at the low but near it as suicides and depression are on the ascent and hopeful this one will help prevent both.
  • Herb: $AXSM top of gap = 92.06. 89.54 closes the gap.
  • Herb: $AXSM bounced (so far) at 92.09.
  • Herb: $AXSM recently did a secondary at 87. Could be headed there.
  • Herb: @debeers $AXSM #1 Where'd you get it?
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Stock Price $71.52
Change 0.49%
Volume 405,269

Axsome Therapeutics Inc is a pharmaceutical company in the United States. It focuses on developing novel therapeutics for the redressal of diseases related to the central nervous system.

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