Watch List for 7.10.018

By Madbash 

STAF 2.6m This Low Float Industrial Staffing company acquired some recruiting firm in the UK sending this ticker up over 200% from the open.  There were great opportunities early on before this broke out over p/m highs.  The long term chart is dismal on this stock at best, so I would expect today to end up being red unless some big short sellers get stubborn.

BLIN, 1.9m  This low float contract winner is spiking big in the p/m.  The long term chart is horrendous, but that won’t stop Bridgeline Digital Inc from squeezing careless shorts.  Even if this has a nice run to 4.00 it will likely give up a huge portion of its gains.   

BNTC, 10.4m  This low float biopharma company has inked a gene therapy development deal with $AXON, which is a much bigger company.  Supposedly the value of the deal is in the $187 million value range.  This ticker has shown the ability to spike, but often gives up it’s gains.  A bounce play off of support in the 3.20 area could be viable.

ABIL, 796k  This ultra low ticker has some majorly sketchy stuff going on.  With the float rotation, and massive blocks that went through on the recent run up, indicates that some nefarious goings on are happening.   I would love, love, love a short into resistance @ 9.00 but size would have to be small with this volatile junker.

ISR, 53m  This NYSE Healthcare company has some weird volatility before a halt, then news that led to some more intraday volatility.  Then the schlubs announced an 8.25m direct offering within the last 3 minutes of a/h trading.  Don’t trust pharma/medical company b.s.  The offerings are too prevalent.

PED 5m, CEI 3.4m, GBR 2.1m, MXC, 850k  These Low Priced Energy Tickers all had nice run ups.  They have cooled off the past few days, and look ripe for bounces.  The trouble is there will likely be a lot of selling pressure and the momo has worn off.  $GBR is especially untrustworthy as there is evidence of pumping.

CANN 30m It looks like the recent bounce is out of steam.  I had an idea of starting a short at 3.90, but the high yesterday was 3.89  The low volume is a problem, but I see this testing, if not breaking 3.50 in the coming week or two.   

GEVO 1.12m  This recent Low Float Super Nova has been hammered from the mid 20s to the high 3.90s  This had a weak bounce and there is tremendous selling pressure.  The ultra-low float makes it way too scary to short, but I would consider an short entry in the 6.50 area as this will likely crash further. 

I have zero trades with IB because I PDT’d my account like a donk.   My small cash account with Etrade doesn’t have enough funds to trade today.  Alexander Elder said it best with this quote.  “If you let the market make you feel high or low, you will lose money”  With that in mind I will do my best to follow my plans and not let Elation, Fear, or Greed influence my decisions. 

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