My watchlist and take on some stocks I'm watching. TY!
$VIVE and SNNVC are two recent reverse split stocks that can spike big on any news. $VIVE has rewarded its dip buyers the last several days, but I wont buy until I see a positive/even fluffy news catalyst that will likely spike the stock rather be caught in an offering. $VIVE is a micro low float with around 400k shares and $NNVC is small with 2m+.
$PRPO is a former multi-day runner that held its spike today and has a low float near 6m. I'm watching it for a possible day 2 run. Will not buy though in aftermarket or pre due to possible offering. Dip buying this tomorrow morning for a run back up to resistance in the 4s is what I expect. If it breaks through the low 4s it could make a bigger run. I believe that it has done offerings before, even in the afternoon during market hours, so I am weary about longing this stock.
$GSHI I will not trade tomorrow unless we get another PR/catalyst. Yesterday it topped on high volume and closed red. Perfect short set up. It gapped down this morning and popped then panicked lower before dip buyers brought it back to r/g level. It closed red on the day. On panic watch, but doubt well get a big one enough to entice me to buy into a bounce.
$MDR been crushed due to PRs of restructuring. The stock has had a good bounce that I played, and now it is reacting to any news. It is a possible buy on big dips while waiting for two catalysts. Or just wait for the catalysts to be safe. The company announced it is selling some of its assets valued at more than 5-7 times the market cap the stock is trading for currently, and that the company is trying to get a bridge loan in the mean time. So the two upcoming catalyst are; the PR when or if they get the bridge loan, and the second finding and completing the sale of their assets. I expect this big company to easily get the bridge loan based on the equity of their assets. I may buy on a big dip in anticipation of this news, but likely wait until we get it.
$UNRG $DCGD, both OTCs enjoyed big green days today, as both are slated shell companies for MJ companies. $DCGD has a shareholder conference tomorrow in the afternoon so risky to be in it. Might morning panic tomorrow or spike late in the day. $UNRG closed at its highs. It could spike to its previous highs last week and go further or panic. It has only 31.5m shares outstanding and at its current price with any PR could spike big, as the MJ sector undoubtedly may start heating up with the possible passage of the banking law passed by the house. $BILZF another play in the sector also is on watch as it has proven it can spike big especially if we get additional PRs pumping the stock as it is owned by a huge social media influencer.
$TRNX I have on watch as it is a recent reverse split that occurred due to a rule that it couldn't execute its 1 for 1 dividend/spinoff if it was under 1 dollar. The stocked spike near one dollar at the announcement of the dividend but it wasn't enough as it faded to somewhere like 60c. Hence a 5 to 1 reverse split and a delay of several months for the spinoff of the dividend now slated to be 5 shares for 1 of the current stock. Hence I would like to buy on the big dips, and when they announce the new dividend date, naïve investors will value the stock at 5.00 likely. Anyhow I will be expecting a runup as it happened before the date of the last projected dividend date.
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