October 10, 2016

1.       GSV (2.47) – I like price action as it closed on Friday; However, it’s been making consistently lower highs on the multi-month chart and it’s a gold play so I’m sure the down market on Friday had something to do with it making gains. However, I do like the intraday pattern going into Friday’s close and gold has been getting a lot of positive play in the media over the last few days…so I’m keeping an eye on this at the open at least I’d like to grab 1K or so shares near 2.50 risk off mid-to-low 2.40s. All that being said, it had a series of days in August where it just gapped up for 3 days straight pretty significantly. If it gets much higher than 2.50 area p/m tomorrow I MAY be comfortable risking off 2.50 area…all depends of price action and volume (and overall market direction).

2.       ESNC (1.20) –  Last 5 mins on Friday were weak as it gave back 5 cents pretty fast. However, it looks to be near it’s 2Y highs. If it has a decent open and it looks like I can risk off 1.18-.17 area to go long, I’ll be interested. Based on 3Y chart, it’s got room to run if it can hold it’s current level and continue on some momentum.

3.       CRIS (3.37) – Looking at 2Y chart I think it's got some upside room to run....However, its over-extended ATM. And its Friday close looks similar to Weds. close and Thurs. was pretty dismal. Be watching the open closely...though I think it'll open weak...Closed well above its VWAP, and 50 EMA; 3,6,20 MACD indicates it might pull back a bit before continuing uptrend. Anyways, I'm hoping this has 30-50 cents upside over the next several weeks.

4.       CRBP (9.79) -- $17 price target assigned by Cantor Fitzgerald (whatever that’s worth) but I’ve been watching it since last weds. When it had its first big spike day. I missed the EASY 101 breakout Fri afternoon past 9.00…pretty pissed for that one actually. I don’t think trades get any easier or basic than that…what a GIFT that was. Anyways, I expect it to pull back a little tomorrow but I’m watching closely p/m and near the open to see if the price action looks to support a continued measured move upward. I’d gladly accept the opportunity to trade this if it’s going to continue to move up and give me $10 mark to risk off of.

5.       CARA (8.67) – could be getting ready for another move up off 8.60 support area. 20 ema is finally crossing 50 ema from beneath on the 5 d 5 m chart.

6.       PTCT (13.34) – If it can’t break 13.50 to the upside, it’s a good play to short risking off that 13.50 level; if it breaks 13.00 on the downside it can reallllllly slide. Remember, this run-up’s “catalyst” was the SRPT drug approval few weeks back; BoA gives p.t. of $15, whereas Jefferies gives p.t. of $7.

7.       GNK (6.02) – If it holds $6, it can spike up a few dollars. It’s a low float play so definitely potential for spikeability…will have to judge off early price action. It held pretty steady around $6 mark on Friday even though the overall market was down significantly.  

 

8.       CPRX (1.36) – Risk off $1.36 on strong momentum/volume. Recent p.t of $3.63 average. Ran mid-late this past week.