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April 19, 2024

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Helius Medical Technologies (T.HSM) jumping, up 48% in three weeks

Dammit, I told you so. I straight up, right here, told you Helius was going to move.

And move it has, up almost every day in the time since, for a 48% jump since I wrote about it on October 6.

Why has it moved? Because the story is getting out, at last, about the electrical oral device that Navy Seal divers learned helps the brain pay attention to what’s going on around it, helping patients with mobility struggles to better rehab their movement, helping brain patients start learning again, and helping folks who just need to pay attention to their surroundings (such as Navy Seal divers swimming for miles in pitch black darkness) stay focused.

Helius had drifted for a long time, with a lot of people interested in the technology but not necessarily waiting for it to pan out. Rarely do you catch the right point to jump in on a spiking biotech, because the moves come out of nowhere. This is the rare one where we got it spot on.

Holding.

— Chris Parry

FULL DISCLOSURE: I own Helius stock but have no commercial relationship with the company.

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