Happy Friday Profit.ly! I hope everyone had a solid day and a great week in the market! This week was roughly a $275 week for me after a really sloppy day on Wednesday. I kind of made up for those losses yesterday with 2 really nice shorts. I did also buy CBYL late in the day from last night’s watch list as it was attempting to break out past yesterdays high. It closed nicely on higher volume and I’m expecting this to continue the momentum on Monday. This has a very similar chart as EBIO and we all saw what happened there today. This is strictly speculative so let’s just see how it reacts Monday. I also held my position in RPRX with the hope of this pump really tanking Monday. Here’s how the rest of my watch list turned out today and stay tuned for my video lesson coming out on Sunday. If anyone has requests on something you would like me to cover, please ask and I’ll be happy to help! Get some rest this weekend, get some studying in as well and come prepared to HAMMER the market Monday morning!

 

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RPRX – I held this overnight from yesterday and it cracked perfectly this morning with very little volume. I got caught off guard a little towards the end of the day when it spiked to $2.85ish. In hindsight, I should’ve taken profits at $2.67 for a $100 win, but my plan was to cover in the lower $2’s and it couldn’t quite get there. I stuck to my plan, which is key and I still expect this pump to crash in the morning. If it pops above $2.95ish with momentum, I’ll look to cover for a small loss. So we did get 2 pops today in the morning above $2.95 but both times someone was dumping a lot of shares (possibly insiders dumping before the inevitable). It double topped at $2.97ish before fading the rest of the day into the close where it hovered in the mid $2.70’s. I decided yet again to hold this short into Monday where I expect a crash to the low $2’s. I really don’t see this holding up for much longer so hold tight.

 

UNXL – This was a nice little short here today even though I almost got caught in that spike back up to $2.80 late in the afternoon. I was short at $2.70 after missing the initial spike to $2.90. It dropped beautifully in several steps down to $2.49 and then it spiked all the way up to $2.80 again. I contemplated adding to my short there, but decided against it for several reason but mainly because I just wasn’t too comfortable doing so. It immediately tanked all the way to $2.38ish and I ended up covering at $2.41 for a nice $0.29/share win. It came back a little in power hour and AH setting up for some action tomorrow morning. I wont be trading this but if it gaps up and spikes back to $2.80-$2.90, that may be another good short opportunity. Wait for it to fail before shorting. If it breaks out it can really run but this seems wayyyyy overextended. HAHA…if only…Once again I take profits too soon as I left an additional $130 on the table. Can’t be upset though as it truly is a learning experience being only my 5^th time going short. Because this dropped so much today, it actually made me hold my short in RPRX instead of just taking my $100 profit and moving on. It could bite me in the ass Monday if this squeezes but I’m happy with my position and I really think this can be a several hundred-dollar trade here so I’m staying patient.

CBYL – This was a big winner here today gaining 30% and breaking out to new highs since tanking from $2.50’s. Unfortunately I have no day trades left so I can trade this, but I’m sure this will be in action tomorrow morning. This closed at its high and I can actually see this head towards $1 tomorrow if it has enough momentum. There was some real heavy volume towards the close so let’s see how this reacts in the morning. I may watch this towards the close to see if it’s a good swing over the weekend…realistically I see this coming back down to the low $0.70’s but we’ll see tomorrow. So in the morning this actually did what I had expected and dropped back down to the low $0.70’s. It then however rebounded into the close making new highs and breaking out past yesterdays high. I bought 1000 shares at $0.79 with the hope of this breaking out Monday a la EBIO today. These both have very similar charts and because this closed so nicely, it has the possibility of really squeezing Monday. This will definitely be high on my watch list on Monday.

 

XCO – This had a nice multi-week breakout today on decent volume. I’d like to see this test $1.50 tomorrow morning, and if it can breakout and hold above, I may look to swing it long over the weekend with the hope of this getting back to the $1.90 range. There seems to be some good support at $1.15 and $1.30 so if this dips a little, $1.20-$1.25 would be an ideal buy. Energy play though so be careful and make sure you’re watching the sector closely. I really wanted this to dip below $1.30 for an ideal buy. I was watching this a little bit throughout the day today and it failed to breakout above $1.40 several times and was really having a hard time. For that reason I stopped watching it but did notice it pop above $1.40 briefly before closing at $1.39. This doesn’t really have “spikability” so I don’t think I’ll buy this for that reason. It could be a good safe swing with $0.50+ of upside but just not for me.

 

Also on radar: AVXL, VLTC, AQXP, TGD, EBIO (BEAST TODAY WOW!!!)