Good day everyone!
So I wanna talk about this week action. So far we've had a "slow" start this week, short squeezes and OTC stocks are the main attractions so far and even if most people would sat it's totally crazy (which it is), we haven't had any continuation.
CBLI spiked big two days ago and yesterday lost half of its gains, only the quick could have gotten that spike @MO and so far that's it for it, the stock is basically dead and even though we may have a bounce I'm not expecting much of it since it needs HUGE amounts of volume
IDXG was yesterday short squeeze. This one is among the worst of the worst in pennystock land, so every time it shows up I do my best to look elsewhere since it has just sapped my attention way too many times. News was uninteresting so its spike has no relation to it other than putting it on the radar. After a 10m brawl when market opened, longs won over shorts and got to squeeze them for a 20% run. But IDXG being true to itself just pulled a financing at the top sending the stock back down. Doubt we get a bounce here, and if we do we'd have more shorts and bag holders pounding it so best stay away.
Some OTC stocks keep going as referenced by Tim. As of now I'm not particularly interested in them nor anything else. Watch out for stocks gapping up today at least 20-30% or more with medium to low float.
That's it for now, as always good luck and good day!
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