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Investors may soon find themselves checking the pulse of Pulse Biosciences PLSE But right now the Burlingame, California company is managing to pull in unwary investors.

The company is working on a device that uses pulsed electric fields to possibly treat solid tumors and skin problems such as warts. Stock in the zero-revenue company began trading on the Nasdaq in May Find other viewpoints here and the company website here. Meanwhile, TheStreetSweeper lists the top four reasons we believe the stock is at risk of suddenly pulsing downward: When the company IPOd last May, some stock was locked up but has been freely tradable since November.

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However, a massive 4. Especially if sold en masse, those millions of shares have the potential to significantly water down shares owned by existing stockholders. The stock is set to be unlocked for sale the first week of May So we expect many more stock sales in the future MDB Capital Group was the company's underwriter MDB installed its own director as Pulse chairman of the board.

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But does MDB's track record justify the high cost to Pulse and its investors? Well, things have turned out poorly before for many stocks with tokyo stock market toyota MDB participation. Just a few examples include: The chart below shows what has happened to the stock.

Interestingly, a Pulse director, Dr. Professional stock trading mark conway doctor continues his involvement with MDB-underwritten Second Sight, working as chairman of the board in August as the stock began spiraling toward penny stock land.

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MDB's website refers to Resonant as a case study. But now that stock in the radio frequency filter maker costs half the price it fetched in the IPO.

There are many more examples but let's consider just one more, Turtle Beach HEAR. MDB underwrote Parametric Sound just before Turtle Beach became publicly traded in via a reverse merger professional stock trading mark conway par value preferred stock formula. So MDB's interest in Pulse may be a red hot warning bell.

But what goes up must fall down. Stock options vertical spread in this case, the stars have aligned so the stock is poised for a swift reversal.

Pulse can thank the relative strength index or RSI for finding its stock in this situation. When the RSI is at least 70, a stock's price is generally considered very high and ready to drop.

With a relative strength index of 90Pulse looks poised to drop. Indeed, Pulse investors are denied the comfort of seeing big investment banks own the company stock.

Unfortunately, the few well-known institutions are selling out or chopping their ownership Until Pulse proves itself to any degree, in our view, this stock is not even worth half of today's price.

The owners of TheStreetSweeper hold a short position in PLSE and stand to profit on any future declines in the stock price. As a matter of policy, TheStreetSweeper prohibits members of its editorial team from taking financial positions in the companies that they cover.

To contact Sonya Colberg, the author of this story, please send an email to streetsweepereditor yahoo.

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