October Week 1

Sunday, October 01, 2017

10:54 AM

This will be the week that I start live trading again. I can't wait but at the same time I WILL wait for the right set-ups.

 

$CAPR this ticker was a previous runner from a couple weeks ago that broke out on Friday closing at its highs at 3$. Ticker has 6M more liabilities than assets. Not much operating cash. 3$ is a key area want to see whether it gaps down, since it's not that over extended from its b/o area it may do a G/R move where I'll need to be careful with defined risk if it spikes. If FRDEGD then get in risking r/g level, generally want more extension. Traded 8M shares, 11M float (watch out does squeeze), if goes down to mid 2.8s lots of EOD longs from Friday will be underwater.

 

 

$TEUM another 11M float ticker that I'm not sure if there is shares to short, up about 30% of its beginning of run level, 4M shares traded Friday, has a history of topping out after parabolic spikes. This run could be getting tired, there is a resistance point on daily at 1.73 but it could already be getting tired. Price action spiked at EOD at around 1.5 so if gaps down to 1.45 some longs will be underwater then I'll be interested. It is a squeeze stock so be careful may play for a FRDEGD or wait for the FRDGR after it hits that 1.7 resistance level and gets stopped out. High probability of it going red tomorrow regardless. This ticker has warrants which put odds on my favor.