ARGS would've been a good play this morning when news broke. Since the stock is only about 3 months old, there is really no long term technical support or resistance. The stock has also been down almost consistently since the IPO. Holding an Earnings winner overnight is a risky play these days. So i'm not sure where it could go from here. You might just wait until tomorrow and buy in on the new high/breakout. Or if there's a panic, wait for the bounce.

Actually, this stock has been around since 2014. It underwent a reverse stock split of 1 for 20 back in January after it was beaten down for a year by an unfavorable FDA review of one of it's drugs in the pipeline. I've been long 9300 shares for a while now as a long term hold with an FDA update coming out this quarter.

thanks for the clarification. The broker I used only had data from Jan 2018.

$SNGX would need much more volume to come in before I'd buy. Yes it did have a big spike this morning but the volume died off just after market open. Something would need to change to bring the volume back. My recommendation is to keep it on your watchlist for tomorrow. Friday's tend to be crazy

@jungem05 Thank you.... :)

I saw ENRJ when it was around 0.25 at 10:30. My plan was to buy in at 0.3 due to multi-month resistance. I didn't buy in as I have a busy day at work and didn't want to be distracted from work or stocks. Wish I had though, it's up around 50% from 0.3. My issue though is that ENRJ does not appear to have any news or catalyst so i'm not sure what's causing the volume and breakout. As I type this message, ENRJ is experiencing it's first major pullback of the day. Tomorrow, i'll be watching for the

Watch ENRJ tomorrow, and look for the morning panic. If the panic is good enough, there could be a nice bounce if your long. If short buy the top of the panic but don't case. This stock has a history of spiking for only 1 day and a red day the next day after the spike.

Its a contract winner. Likely to continue rising. Right now (mid-day), it appears to be in consolidation. Watch for another change (breakout or breakdown) as consolidation period ends.

Thanks for your comment.. will look for that...

Made $199.50 on TLGT today.

@jungem05 Do you think it is good to buy now or to wait for a bigger dip?!

I'm not sure. I'm at a loss on this one. I keep buying the tops. Lol

Good luck... I guess it was a premarket buy... the one who noticed it did very well...

But your right, the volume dropped off due to lunch break

I will be watching.... It could have been a good trade this morning but I was busy on other stocks.. soooo :)

Good luck and hope soon you will upgrade your account very soon... Watching now is the great experience.. as you will be doing mentally virtual shorts and trans...

To answer your question about "big news". Tim's advice is that it doesn't matter what the news is. What matter is what does the stock do. If the stock is becoming a supernova, odds are, it's going to get overvalued and then crash. It may sound hard to think like that but emotion cannot be your friend when trading penny stocks.

More than right in that...Just jump on opportunity and move... I like how you really absorbed Tim's language.. it's the discipline he is asking for and he is right.. emotions no matter what could break...