What’s up Profit.ly?! I hope everyone is having a great evening so far. Just got done ubering for a couple hours and now I’m back making my watch list for tomorrow. Today was decent day making a little under $100 on the day however I left a ton of money on the table…nearly $500! Oops. I’m not upset though as I followed my plan and stuck to it. Being disciplined is key…sometimes it may go against you but if it does, it’ll be small. In my case I only lost $25. If it went against me, I’d rather lose $25 than $100 right? So I stuck to my plan and that’s what matters here. After my XGTI trade, I had some errands to run and when I got back in power hour, I really didn’t see anything I liked to hold overnight so I’m all cash headed into tomorrow. I do have a trade freeing up tomorrow and another on Friday. I have to take my car into the dealership so I’ll be working from Mercedes for a few hours tomorrow hopefully. Lets see how that works out! Here’s my list for tomorrow. I hope you all have a great night and I’ll see you all on Twitter/Profit.ly tomorrow!

 

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PTX – This was up nice in PM and I was holding on at the open to see if this could rally back up to yesterday’s highs. I mentioned that if it failed to breakout above $1.10, and started coming back down, I’d get out. It failed in the morning and I wanted to see if it could hold $1 and there was a huge wall of buyers at $1 that got taken out quickly so I decided not to mess around and just take a small loss. It eventually ended up rallying in the late afternoon, broke out above $1.10 and ran to $1.25! Go figure lol. I had it right I just sold too early. Now again, this is a billionaire play and these can run for several days. The problem is, earnings is Thursday and I’m not trying to guess earnings…But on the flip side, Steve Cohen is so what do I know. This did come back down to the $1.10 range at the close and then bounced around in AH so it should still be in play tomorrow. Not as much volume as yesterday but still a monster day here volumewise.

 

TRX – This basically triple topped at $0.56 today so I’m curious to see how it reacts in the morning. We did get a small pop in the morning today but not a lot of volume. If this fails again tomorrow at that $0.56 range, I may look to short it back down to the $0.40’s or even $0.30’s. If it does breakout however, I would need to see some heavy volume in order for me to go long with confidence.

 

XGTI – Man did I call this perfectly and even though I made some money here, I traded it soo poorly like a little punani! Now I’m not going to beat myself up over this one because I still made 10%, but I left 35% on the table or an extra $350. Because I missed out on last week’s big winners and because I’ve taken some losses in the past few days, I got nervous when this failed to breakout above $0.14 on the initial bounce so I took my profits. Had I held for 10 more minutes, I could’ve gotten out at $0.16+ and had a really solid day! COULDA WOULDA SHOULDA! It did fall back down to $0.12 late in the day where it managed to find support and rally back up to the $0.15’s. There isn’t much of a catalyst for this move but if it can breakout from today’s highs, it can easily see $0.20+ tomorrow. If not, I’ll see if I can short this thing back down to where it came from. Crazy volume here today and I don’t expect that to happen again so be careful here.

 

CRDS – This gapped up this morning and ran to nearly $0.60 before coming all the way back down to the mid $0.30’s. This chart kind of reminds me of day 2 of PRGN where it gapped up and faded the rest of the day but managed to hold some of its gains. I wouldn’t be surprised if this thing gaps down and fades like PRGN did yesterday but I would be careful. I will certainly be watching this tomorrow to see how it moving in PM.

 

NCQ – This ramped up beautifully today up to the mid $0.80’s before closing at $0.76. It closed right at multi-month resistance and started to get some heavier volume towards the close. This is a sector play but from a technical level, if it holds $0.70, I may look to dip buy it with the hope of it returning to those highs from today. If not, I don’t think this is worth shorting but I could be wrong. If it does retest the highs from today and fails, there could be some solid downside but I’m guessing I’ll be busy watching others tomorrow. Something to watch though for sure.

 

EBIO – There’s the bounce I was looking for! Man I was only a few days too early here, as it seems to have found some support now in the low to mid $0.70’s. Realistically, I don’t see this spiking another day but we may see a retest of $1.20ish and if we do, I’ll look to short this. There is some intraday support today around $1 give or take a few pennies so watch for it to crack that and drop.

 

PRGN – After dropping to nearly $1, this actually rallied a full $1 to $2 before closing at $1.80. I’m hoping this retests that $2 resistance from today to short into. I’m missed out on the fun last week and I want in haha!! Just kidding, I’m not going to trade this unless it hits my levels…STAY DISCIPLINED! This thing has proven though that it can spike like it did last week and like it did back in March so BE CAREFUL. If it fails to breakout past $2 I’ll look to short but if it breaks out, I’ll probably leave this alone.

 

 

Secondary watch: AREX, TGD, UNXL, PBMD, TAT