Good morning! Recap of yesterdays trading session.. YUMA was my overnight short which I covered into the morning panic for a nice USD 330 gain. At the end of the day I shorted TEUM at 1.50 and after a little spike at 1.60. This thinly traded company will crack down as it is a pump and dump, just running on no news, just volume. Also, they never held their gains. So I am holding this overnight.
Watchlist July 12, 2017
TEUM - 1.80 v 1.98
I do not expect this to run, but if it does, I will buy at 1.80 on yesterdays high. Just no news can be found on these and I am thinking someone is hoping for a nice holiday pay as we are going into the summer. A lot of thinly traded stocks have been spiking these last few weeks.
HK - 7.00 v 7.70
Selling of assets is always a nice catalyst, but I also do not think this will hold. Just think about it? Why are they selling assets? BECAUSE THEY NEED CASH AND ARE IN DEEP SHIT. So I think there is a bigger potential for a short if there IS a run up. It cannot hold this up for ever. But the price is a little bit too high for my taste. I prefer to short stocks below 4 dollars.
OPXA - 1.10 v 1.21
High on volume, break out and technicals. Not really sure if this is interesting to actually trade.
VSTM - 4.50 v 4.95
This is the only company with somewhat positive news. New CFO / management change. Interesting catalyst. Would be nice if it broke out again.
Not much to play with here. So I will definitely check the pre-market news and scanners for potential plays. Volume is leading for me in that case. I don't care if the stock is up 100% or 5%, if there is volume, I am interested. Preferably volume of 100K or more, but mostly I review stocks with a volume of 10K or more and check if there is an interesting catalyst / reason why a stock is up or why people are trading this ticker.
Received 2 Karmas
Look at APHB
I did and crossed it off my list because it is a garbage failing company
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