I hope everyone is having a great night! Today was fun as I made $130 in 5 minutes thanks to SXE and the first halt. I also closed out my ONTY position for a loss of $75 or 5%. I got caught chasing this yesterday after it spiked even though I called it in my video lesson. I added more to average down and ended up taking a decent loss. I stayed within my risk which is good I just got caught chasing which is a lesson learned. There was a lot going on today and I think tomorrow should be busy as well. Here are 5 hot stocks for tomorrow! Good Luck!
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SXE – This got halted several times this morning and luckily I nailed the only good short opportunity before the squeeze. After the first halt, I shorted this at $1.15 and then it got halted again as it was dropping under $1. As it resumed trading, It wasn’t really dropping so I covered at $0.89 for a quick 22% profit. This was definitely exciting for me since now I’m 2 for 2 going short. I could’ve easily gotten squeezed here though, so I’m happy I was quick. I can only imagine this is going to get slammed tomorrow so I’m guessing the ideal entry would be $1.40-$1.30 risking $0.10 looking to make $0.50-$0.75. Good risk reward in my opinion so this will be my top watch tomorrow.
SZYM – This lost almost all it gains from yesterday today. It dropped right away this morning and then slowly faded the rest of the day. I expect this to continue this downtrend tomorrow back down to the $2.10 area. Ideally, I’d like to see this attempt $2.50 in the morning tomorrow for a good short set-up.
GEVO – This broke out above multi-month resistance today and closed near its highs. I didn’t see a catalyst for this move so I’m hesitant to buy, however I do see some good upside here if we do get one tomorrow. There was definitely some good volume here and I’d love to see if that can continue tomorrow.
CTRV – What a move today! This broke out above multi-week resistance today on strong volume and closed at the HOD. If this can gap up and breakout above $1.86, I think it can get to the mid $2’s. This is a former runner ($2-$6 in 2 days) so it’s always something to watch, especially if the volume starts to pick up.
NETE – This is attempting to breakout above todays double top and from December’s high of $0.43. If it can get enough volume, I think this can get to $0.63, which would be roughly a 50% winner. It can also be a great short if it can’t breakout above that $0.63 resistance. This is definitely a top watch the next few days.
Also on the radar: AVXL, NXTD, ATHX, MNKD, AQXP
Dude omg I was so mad when I saw SXE go up 110% today because the day before I sold my position at 68 cents. I entered in at 79 cents on friday, then watched it literally all day monday and during power hour it broke through a resistance level so i quickly sold. I kept telling myself to hold on a little while longer but my emotions got to me.
@stickastocks Typically the reason for these huge spikes are because of short squeezes. When the price is moving up so quickly that shorts have no option but to buy back to cover. This is a typical squeeze and it's actually continuing today. This is bound to fall and if i had to guess it would be later today into the close or tomorrow.
@ChrisA12 ugh. there will be more just hang in there. I've left plenty on the table as well selling "too soon" but profits are profits and if you profit more than you lose, you should be good.
@HebrewHammer Yes there are many opportunities out there it's all in the learning process of figuring out the market. Good luck to all and keep studying
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