Haven't done one of these in a while, been occupied heavy with school. Had some time on me today though.
MDCA - Spiked on news of Goldman Sachs taking a considerable stake in their company. Got nice spiking despite its heavily shorted. Given this is heavily shorted, not a low float, I would NOOOT hold this overnight. Morning price action can be choppy and very unpredictable as shown today, on the day of the news. So tomorrow there’s no real telling what it will do in the morning premarket/at the open. The reason I’m saying this is because I believe this has a chance of still spiking if it shows me strength at 8.5. I’d want it to spend a good amount of time breaking down 8.5 and then getting squeezing. It would make for a good dip buy. But I’m cautious to buy this as like I said it’s heavily shorted. It must show me specific to the dot price action I like for me to buy. This could just fade all day tomorrow down to 8 and then spend all day trying to breakdown. It could also try to break down 8 and squeeze back up maybe to 8.5. A lot of scenarios, but p/a on the day will tell.
FIG – Of course no analysis on the price action lol, but I really want to watch this.
NOVN – No news, really only watching this because of this enormous gap to fill. Lost half its gains today and can really drop tomorrow to be honest lol. Made a lot of resistance for itself today. But because of this gap to fill if it holds a level convincingly and perks up this may be able to do something. Not a bad overall market too, so I’m watching this just in case of something tomorrow or the coming days.
ZSAN – If this holds 3 tomorrow it can go again, but I’d be cautious of holding this tomorrow as it’s the third spiking day and it’s pretty overextended for a stock that hasn’t had a catalyst, doesn’t have history of being a multiday spiker, and has a bad 100-day chart lol. But this can still make for a good dip buy early.
CVM is another one which can move 20 million market cap with with arbitration win valued at $50-$150 million and FDA hold lift could be coming
Hey nice to meet you, I´m new at this world, where can I start with a demo account as u did ?
@JCVF http://www.marketwatch.com/game
thanks! and where did you find whick stock are good to trade ? or are you doing it random =?
Join now or log in to leave a comment