swish30
Long

** OTIC positive clinical trial data scalp

NASDAQ:OTIC   OTONOMY, INC.
Positive P2 clinical trial data came out on a similar product that failed P3 trials earlier in the year rendering the company almost worthless. Spiked to its cash balance after market. There's potential for this to spike higher a bit like ONCS if ppl think the company has hope.

Potential trades:
  • Buy pre-market for a morning spike in the 7-8 range
  • Dip buy a panic for a bounce back to expected liquid price 5-6
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