Day Trades:
$BAS Long @$0.72 Risk: $0.05 Goal: $0.20
$CERU Watch price action in the morning but could spike to $1 similar to $AMRS if it can find support.
$LEI Watch price action in the morning. (Mostly short biased)
$BIOD Long @$0.72 Risk: $0.03 Goal: $0.08-$0.28
$GBSN Long @$0.038 Risk: $0.003 Goal: $0.01+
Swing Trades:
$ORIG Long @$0.8511 500 shares Risk: $0.0511 Goal: $0.15+
$GEVO Long @$0.40 Risk: $0.02 Goal: $0.20+
$CBIS Watching price action on this monster
New Positions:
Current Positions:
$ORIG Long 500 shares at $0.8511, Stop Loss at $0.80, Goal is to see this re-test $1 range and breakout in the next few days. I’d like to see mid $0.90’s by weeks end setting up for a nice spike next week. I don’t plan on holding this more than 2 weeks. Nice little pop here and hold today. I’d like to see this hold $0.90 now and make its way up to $1. Losing a little patience here.
Closed Positions:
$AMRS I’m long 1500 shares at $0.96. Bought this in the afternoon as it was finding support after the initial morning pop. I bought as it was gaining some momentum with the goal of the retesting the high of the day, breaking out past last week’s high’s and then blasting through multi-month resistance. I think this is spring loaded and can easily run to the mid $1’s tomorrow. This closed nice on strong volume and is up a little in after hours. I think we get close to $1.20-$1.25 and I’ll lock in profits. Nailed this almost perfectly today! Glad I closed this out when I did because even though it barely touched my goal of $1.20 shortly after I sold, it ended up tanking the rest of the day. I even considered shorting it at $1.15 but couldn’t get shares. These are the perfect swings to find when swinging overnight. Find stocks with momentum and breaking out past daily and multi-month resistance.
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Click HEREPosted Oct 19, 16 7:52 PMbyHebrewHammer
I am swinging banc to 15.00 because of bad SA article with false claims and a possible short squeeze.
What made you pick the .038 level on GBSN? On Thursday it was a great entry on that morning dip.
@spaceman2 Thanks! Towards the close on Wednesday, it dipped to $0.0381 and held. I was going to use that as my risk (if it cracked below .038 I would have taken a small $50 loss) with the goal of it retesting the highs at $0.0525 right at the open Thursday. It closed strong so I held overnight and had my sell order ready at $0.05 first thing in the morning and luckily I got executed and made some decent profits. I'll take a 1-10 risk/reward ration any day :)
@spaceman2 ratio*
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