How to read SEC Filings - Penny stock offerings $NERV
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Time stamps:
0:43 - Form S-3 SEC filing explained.
2:18 - Shelf offering registration explained for $NERV stock
3:00 - Why do biotech penny stocks burn so much cash?
4:41 - What is a mixed shelf?
6:11- How to know if a Form S-3 is in effect?
7:13 - What is At the market offering? (ATM offering explained)
9:16 - How to use SEC filings when day trading penny stocks long and short?
How to read SEC filings? Penny stock shelf offering sec filings explained. In this video I’ll be going over how to take advantage of SEC filings to and use shelf registration information to your advantage when day trading penny stock premarket gap ups such as $NERV.
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SEC filings Edgar website
▶︎ https://www.sec.gov/edgar/searchedgar...
SEC filing explained:
Form S-3 (or Form S-1), is a filing companies must file in order to register new shares to do an offering. It’s usually the first form I look for on SEC Edgar website.
It’s in this S-3 filing that I found $NERV 200 million dollars worth of mixed shelf registration, and another $50 mil worth of ATM offering deal with Jefferies LLC.
Form 10-K (or 10-Q), if a document listing on the financial statement for the company. This is the form I used in my last how to read SEC filings video to examine the financial status of $YRIV and $ZYNE. And whether those penny stocks are likely to do a stock offering dilution soon.
$YRIV has terrible cash balance and a clear history of offering and stock dilution. Therefore the stock should not be a buy overnight or swing long.
However, $ZYNE was a company that has good cash balance and was done with raising capital. Therefore it was safe to determine that the money the company raised was to be used to fund their upcoming drug pipeline and development. $ZYNE stock was worth a swing long.
In this video, I also talk about a few of the underwriters these penny stock companies love to deal with when planning for future stock offering registrations. Jefferies LLC is one of the usual suspects. There are two more underwriter names you should be aware of which are revealed in the video.
Reading SEC filings can definitely help with your day trading conviction, both when buying penny stocks and shorting them. However, don’t forget to put risk management first! Because you can be fundamentally right, but technically wrong.
In next week’s video I will be going over day trading risk management, especially how to control risk when you are trading with small account. There will be a special giveaway as well for my loyal subscribers who comment on the video within the first two hours. Stay tuned for details next week!
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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