Did You Lose Your Shirt On This Trade?

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Where Can You Turn $300 Into $1.3 Million Right Now?

Our own small-company specialist, Robert Morris, has found a way to 'sniff out' tiny penny stocks on the verge of a major breakout.  And the timing for this has never been better.

You see, the system takes advantage of an obscure SEC regulation that sends penny stock prices through the roof.

We've seen some stocks gain 852%... 5,450%... even 17,496% in no time flat.

Click here for the details...
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Why did they deny approval?  They’re not convinced pirfenidone is effective.  They want InterMune to conduct another clinical trial to prove the drug’s efficacy.

To say the FDA’s decision surprised investors would be an understatement.

Take a look at a chart of InterMune’s share price.


You can see how the shares soared in early March following the advisory panel’s decision.  The shares jumped 59% on the news.  Then two days later, ITMN surged another 65%.

All in all, the shares soared 163% in just three days!

And, they weren’t finished by a long shot.

Over the next several weeks, ITMN steadily climbed to a high of $49.46.  That’s a whopping 238% gain from where the shares were trading the day before the advisory panel’s decision.

Then disaster struck!

After the market closed this past Tuesday, the FDA issued its decision.  The shares immediately plunged in the extended market session.

Then, yesterday morning the shares opened at $10.06.  They traded as low as $9.75 before rallying to close at $11.38.  The former high-flyer had fallen a mind boggling $34.06 or nearly 75%!

Needless to say, a good many investors suffered huge losses.

Especially investors who bought ITMN after the advisory panel decision.  Many thought they were buying shares of a sure thing.  They thought they had a stock guaranteed to post a big profit when the FDA approved pirfenidone.

Instead, they got taken out to the woodshed.

The good news is no Dynamic Wealth Report readers should have suffered any losses.  You might remember my article of March 22nd on InterMune, “It’s Good For A 216% Gain…”  I urged readers to book their profits.

Here’s what I said exactly…

Now that most of the gain has been captured, the risk reward profile on the stock has changed.  No sense giving up our big gains, just to collect pennies of upside.

Now’s the time to lock in our big gain… it’s never a bad idea.

While InterMune may be on the path to bigger and better things, it’s time for us to say goodbye to this pick!

Remember, I had recommended ITMN in January 2010 through my Special Report, How One Stock Can Make You A Millionaire (and where the next one is).  At that time, ITMN was trading around $13 per share.

Congratulations to all of you who took my advice!

You booked gains of 216% or more.  And, you learned a valuable lesson about trading biotech stocks.

When a biotech stock soars, don’t wait around to take your profits.  With so much uncertainty surrounding experimental drugs, you never know if or when a biotech stock will plummet.

What’s happened with ITMN is a textbook example… and something we can all learn from.

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