Watch List for 7.18.018
By Madbash
RIOT 9.1m, XNET 67m, DPW 58m, MGTI 66m, KODK 38m, GROW 15m, SRAX 5.1m, BTSC 462m, BTCS 372m, These tickers all fall in the Bitcoin sector. I have an overnight position in RIOT, but DPW is currently in the volume lead p/m. Bitcoin is still up in the 7400 range so I would expect all of these tickers to open green. If previous momentum is any indicator I would look to buy the volume leaders as they break through resistance levels.
PED 5, CEI 3.4, GBR 2.1, MXC, 850k These Low Priced Energy Tickers are all in the late stages of their recent run ups. PED continued to be the sector leader, but the volatility is looking like it favors the bears. I would definitely consider shorting a spike on GBR, but I believe it will be highly unlikely there are any shares available.
FUSZ 155m, This former supernova had a nice green day yesterday, but the Dollar Volume was a little low. If momentum picked up and this had a 3 to 5 million share day it may be worth considering for an o/n play. The catalyst is merely an investor update video, so likely No Play.
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. The run up from the 2.00s to the 14.00s was no joke, but I am still looking for a short into strength as this recently received a Delisting Determination from the Nasdaq Staff. Unfortunately I have not noticed any shares available @ IB
CALI, 4.8m This NADSDAQ Chinese ticker went supernova intraday on Monday. It was pretty cool to watch, but I couldn’t fathom a long position. I am glad I could not short into resistance @ 4.00 because this squeezed to 5.00 within the next 2 minutes. This junker gave up it’s gains, closing flat, but not after whipping the bulls and bears all around. She is now halted pending news, so I will watch to see what happens when it re-opens.
CANN 30m, KSHB 74m, I’ve been watching these two OTC weed tickers as they are dropping in price. I was not able to put on a short position at the levels I desired, so I am just watching the unwind to be more prepared for the next OTC short play.
I have unlimited trades with IB, and my small cash account with Etrade has 1 AMZN share and about one normal sized trade available. 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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@Madbash The only question if if this is actually the back side now on daily or not (if so i think it can easily go to 2.00-2..50). To me all WEED sector looks weak again, after it tried to make bottom. Only CVSI and COOF is holding up fromall OTCs. Even NASDAQ are weak, only TLRY IPO of going crazy, but I think we are still in a down trend overall. Now unfortunately I am not in, since I was a little scared of that jump on news Thursday, now looks like that was great opportunity. Maybe on Monday
@GT500 Yes, when the news spike failed to hold I was very tempted to get short. Your observation of the 2.80 support is good, but there is also support at 2.60 it seems. This could easily give up 15-30 cents a share each day next week, but it is hard to deny the overall up trend.. Adding into strength toward 3.00 is still a possibility.
@GT500 You really have to be careful with your size with these OTC tickers. If they do spike against you it can be hard to get out at your desired risk level.
@Madbash Agreed. Very illiquid.
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