New TimChallenge Student (1.5 month fresh).

Too many plays going on. Here are some that I am watching. 

 

OMI (1)

• Breakout from a multi-day resistance at $5.15
• 1st big green day w/ massive volume

• Float
• 60.47 M

• Shares Outstanding
• 62.94 M

• Short (Aug. 14/19)
• 11.22 M 
• 25% of float

• News
• Multi-day breakout
• Recent Earnings Winner

• Plan
• Potential Short Squeeze (lots of BAG HOLDERS & SS to watch out for)
• 1 M of the 1.5 M volume on 8/3/19 was short

• IF MORNING PANIC
• Buy on the bounce

• If short squeeze
• Wait for pull back
• Buy on the support levels

• If steady increase w/ good bids
• Buy at the open

 

ARDX (2)

• Positive Phase 3 Results
• FGD
• Massive volume

• Don't want to chase, need to touch up on biotech stocks and rewatch the DVDs. Mainly watching for analysis and education purposes.

 

NETE (3)

• Probable bag holders at $6.30-6.40 area
• Closed near its highs of $6.40 
• Massive volume compared to Thursday & Friday last week
• Has history of being able to run for multiple days
• LOW FLOAT

• Float
• 3.53 M

• Shares outstanding
• 4.12 M

• Short (8/14/19)
• 355 K
• 10% of float
• 8.5% of SO

• Press release
• Partnership w/ VIP systems

• Plan
• If gap up in the morning
• BUY on the dip if support holds

• Exit high 6’s

 

SEAC (4)

• Potential buy on MORNING PANIC or R/G price action
• First GREEN DAY
• Held near its highs of $2.76
• Stair stepper pattern

• Float
• 25 M

• Shares Outstanding
• 35.62 M (A lot of bag holders)

• Short (8/14/19)
• 420 K
• 1.5% of float
• 1.15% of SO

• News
• Earnings

 

DCGD (5)

• Testing recent highs
• Needs more volume/news before b/o

 

ELTK (6)

• History of multi-day spikes
• Coming off extended multi-month downtrend (resistance on the way up)
• Potential buy on MORNING PANIC or R/G price action
• Low Float
• Earnings on September 4th before market open