Top GME Redditor DeepFuckingValue Names HGEN As A Top Pick, Moving Pre-Market, GOVX, AVCT

DeepFuckingValue, also known as Roaring Kitty, is the prolific GME investor who has led the shorting squeeze charge. A Reddit poster recently broke down his top picks outside of GME, as shown in an image of his notebook:




The one that stands out the most is HGEN. At the time of this note, HGEN was $19.59. It closed yesterday at $16.92, below this price and the price of the $18.50 offering it just closed on Monday. HGEN announced Positive Phase 3 Topline Results Demonstrating That Lenzilumab™ Improves Survival Without Need for Mechanical Ventilation in Hospitalized Patients With COVID-19. The stock shot up to $29 on a short squeeze fueled rally after the news but pulled back as the company raised the $92.5 million. 

Usually investors view financing as bad news, but this is done with a distinct purpose. The company is going to be manufacturing Lenzilumab in advance of expected Emergency Use Authorization granted by the FDA. The timing of this grant is expected to happen in weeks, so speculative investors will be buying up the stock in anticipation of this decision. In addition to being one of DFV's top picks, HGEN remains a strong short squeeze candidate with a 26% short interest according to Yahoo Finance. The stock is up in pre-market after announcing it will present positive data for brain cancer therapy at AACR meeting.

Another stock that is up in the pre-market is GOVX. GOVX is the cheapest COVID stock with a $28 million market cap but has over $20 million in cash. It's working on a single dose vaccine that could be less susceptible to virus mutations. 

AVCT was up 29% yesterday after receiving an unsolicited bid to buy out the company at $9. It raced to $7.49 in the last few minutes of trading, but still sits at a good deal below the bid price. So if more developments occur to solidify the bid, it could hit $9 or higher if competing bids come up. 


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