Good Wednesday, traders!
My potential dip buy plays today are FALC, MARK and HOMR- the first two on some more upside potential (MARK has proven to be a good dip buy into new highs over the past couple of days). HOMR would have a good risk/reward with a morning panic, the key here is to take singles and be first in and first out.
CDXC is a potential breakout at 5 with a target of 6 (20%) if there is enough volume and a convincing support level established above 5.
FOLD is a biotech play that failed the phase 3 study, so it's a potential short- it's probably a bit too high priced and I'm not experienced enough with these plays, so I'll most likely sit it out (the key here is figuring out whether there was expectation surrounding this drug, and if there was, how far will it fall?)
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