I'll start with $NCTY, had news and a little pop on Friday. Low float with shorts, the short % differs depending on where you look but ETrade shows 146% short and Yahoo around 15%. Either way could be wild with the 8 million float. Downside, it's a Chinese company and they're not doing very well ATM though some are showing signs of bottoming. I set a stop at 9.27 and looking for15+ if they can get some traction and start running.
$SNPR has their merger meeting on 9/25. I'm not currently in the commons but am in the warrants. I expect a pullback like all SPACs have been doing after merger that I will consider entering commons for a run to 15-20.
$SRNG has set the merger date for 9/14, this may be an exception to the SPAC rule of pulling back. They keep growing and adding to their business and last week released earnings for Ginkgo which is rare for a SPAC to do. They not only reaffirmed the numbers they anticipated but also increased their projections for the remainder of the year with guidance as to how they will achieve it. This will be a longer term hold for me on a big part of the shares I own because I believe they will grow for years and the sky is the limit.
$CMMB is another extremely low float Biotech that is at 52 week lows. They have a lot of things in the pipeline coming up and have plenty of cash to run for over a year. Any news could send this back to 30+ super quick.
$VRAR and $QUBT are recent IPOs, low float and big potential upside with the right news but not a lot of volume without it. In very small and just waiting for the attention to come.
$TDAC still waiting for a merger date but should be getting close.
That's it for now, as always stay safe and trade smart!
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