$DJI down 1600 points in 4 trading sessions! WOW. I’ve been watching the market for just about a year so this crash is very new to me. Following Tim’s rules by staying 100% cash at all times. I didn’t make any trades today as I was doing liquor inventory at my bar all day. The only trade I probably would have made in hindsight would have been on NETE buying the dip/delayed morning spike like I mentioned in my watch list last night. I’ll be at the bar again tomorrow morning so I won’t be making any trades tomorrow as well. I’ll be watching the following and then looking to have my mornings free Wednesday-Friday. Hopefully I’ll be able to get my feet wet but I’m not jumping into anything just to jump in. Stay patient and wait for the right plays.

 

HebrewHammer

 

 

NETE – Dropped out of the gate and then gradually went up over the next few hours and peaked at .28/share. Could’ve made .10/share on the initial dip however the stock dropped back to even (actually down .01/share) in the last 2 hours of the trading day. Volume has been increasing and looks like it can make a run even with the market being in such a bad place. Keep watching

 

ACI – Like most stocks this morning, it dipped big out of the gate and then spiked significantly and then held throughout the day. There was a little bit of a breakdown towards the end of the day on a big selloff yet it managed to go r/g on the day in the last hour. There seems to be a ton of resistance at $4/share so if it can break that, the next stop would be $4.50/share. Look out though as its tried to break 4.50 3 times in the last 3 trading sessions and hasn’t managed to do so. Keep watching this billionaire play.

 

MCUR – As I mentioned in my watch list, this is a definite short. I was looking for a $1-2 drop. It did drop 0.62/share, which is nice after double topping at $4.40/share. Volume is fading so look for this to drop again in coming days.

 

BTU- Panic mode at the bell caused this to drop to under $1.3/share and then it quickly spiked back up to $1.7/share. It looks like where there was support there’s now resistance at that price. It faded in the last few hours to $1.60. Volume seems to be fading and with the market in the fragile state that it’s in, this could drop .50-.60/share.

 

NUGN- I’m still waiting for the big dump off. Seems like the pumpers are doing their best to keep this afloat.  Watch this everyday as it could just tank at anytime.

 

YOD- Crickets on this. Still awaiting the Xiaomi news but it looks like I may be getting rid of my shares if it continues to fade. Again, I only have a small long-term position that I’ve been holding for over a month so I’m just watching to see how it plays out.

 

ACTS – Technically speaking, this has now triple topped at $1.58/share. There is a lot of resistance there over the past 2 months so if it could breakout, it could jump .20-.50/share. Volume is very light but has been picking up. There is currently a tender offer to purchase 48,000,000 shares at the lowest auctioned price that expires September 22. I’m not extremely familiar with an auction tender offer so I’m just going to sit and watch how this reacts in the coming weeks.

 

GALE – Another stock that sold off in the morning due to the overall market crash however, it bounced back nicely and held its gains throughout the day on nice volume. This former runner can spike .25 .50 or even .75/share. They’re in Phase 3 of the NeuVax clinical trial, which was announced today that it’s being run under a Special Protocol Assessment approved by the FDA. Be careful though in this market!

 

ONVO – Not the best looking chart here but after being down all day, it came back and held most of its gains into close. This is at a 3 year low after bad earnings and a downgrade from $6/share to $3.50/share by Cantor Fitzgerald. Not looking to make any moves until the volume picks up or if there is a catalyst that comes out. Just watching.

 

AVRN – This low priced penny stock spike from .17/share to 1.26 on Friday and then came all the way back down to .19/share, now up to .235/share (23%) today. I know this is a Bitcoin play but I haven’t figured out what caused this crazy spike and drop. I’ll watch this just because of these back to back morning spikes and look for another tomorrow. Look for more volume.

 

NTEK – They just signed a licensing deal with Paramount Pictures that will give UltraFlix users over 950 films. Ultra-low priced penny stock priced at .0113/share. I could see this jumping back up to .025 if it gets the volume. My entry would be .0135/share.