EKSO - This OTC Stock can have huge swings throughout the day. She rarely closes more than 20 Cents from the open, but can spike big in a single day. I would consider shorting into the resistance around its 50 day Moving average. Goal is 25-30 cents/share. Risk 4-8 cents with a short position around 1.20.
XLIT – All portents point to a #5 brewing on this one. I wouldn’t be surprised if this panicked down to the .85 level before bouncing over a dollar. Goal would be to wait for the #6 & short the bounce around 1.10 if it can top out volume wise in that area.
INVT – This is a low float stock with a history of pumping & spiking the past couple of months. I am watching for a jump above three for a potential short. Goal of .50 to $1/share.
MNKD – I would love to short this right over a Dollar and cover in the .65 .75 range. Need a spike to short into this 6 Month fade.
If the indecision is over in this market crash, we will probably see a nice green day tomorrow. This may not be too good for a short bias as 3/4 stocks follow the market, but I could see holding one of these positions short for more than a day. Good Luck profit.ly!
I want to mention that shares for these stocks may not be available to short. This is very likely the case for a stock like XLIT. I will keep an eye out on IB in hopes of preparation & luck meeting!
i would not trade these stocks, they are not ideal for pennystocks, look at the volume.
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