[TimAlerts] KBIO I think reopens for trading today on grey market. It just declared bankruptcy. Closest stock to this situation is $GTAT back in October 2014 when it unexpectedly declared bankruptcy. It dropped from 11 to .75 then over next two days bounced to 1.80 or so. I'm thinking of buying KBIO under 1 for a bounce (crazy risky trade -- don't follow me!). I expect it to gap down at least under 3
@The_Swede Hello There!! seen a screenshot of a chart $GTAT. Just wondering which charting software do you use? I am still trying to find a good one...
[TimAlerts] Same $GTAT
Trying hard to recover from my big $GTAT loss back a while ago.
Bought the morning washout on $GTAT went big because ive been doing a journal on this for the past couple days using Level 2 i knew when to exit.
Still playing lots of mind games and hard to throttle on this week. I think part of it is my buddy Talib Gunther blew himself up on ADHD (the stock) ADHD trading on margin and now owes the broker money. Watching $GTAT fall to pieces (no position) I feel sorry for the longs, this was considered a pretty solid stock. We can laugh about it being a Cramer pump I guess but still, it can happen to anything and I have longs in my retirement acct I'd hate to see burned to 0 like that. High volatility as well so far this month, so maybe better to try trend trades for now rather than countertrend scalp.
Yeah a lot of people laughed at the longs holding, I was thinking about shorting it when it was near 20 but with over 50% short interest, not really my type of trade. It just shows again the markets can move in ways you never suspect. Did he lose on GTAT or ADHD? just curious
check his trades - $102k loss on GTAT. His stop loss triggered after market open I think at 1.06
good
Thank you Tim.
Thank you Tim.
Buy afternoon breakouts with catalyst like, earnings winner, new product, contract winner. Thanks for education Tim!
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