In class at the moment and am able to make a watchlist right now. Ahhh Feels good to be back in the game.
PULM - I have the biggest position I've ever put into any stock, in this stock. For a short. I shorted this about 8 times Friday, and for some good reasons. I'm not going to say I predicted this big premarket drop this morning, but lol. There are just reason I KEPT on shorting this and didn't cut losses when it kept squeezing.
For one, it was the third big squeeze day on a stock that has NO history of spiking big for multiple days. That right there is the biggest teller. Secondly, it's longterm chart, is garbage. It has nothing but resistance above, and has downward momentum no matter what, so this spiking is not going to last regardless. Third, it had big resistance at 3.6, I initially didn't think it was going to even get there, but it started squeezing into the close, and I was fine with it. If it had broken 3.6...I might've had to cover, I don't know what kind of huge losses I would've taken at that level, but I honestly didn't think it was as big of a risk as it was at the time. I'm not saying anyone should trade like this, because you shouldn't. But I saw the factors, and they were BIG. The news of the 5 million dollar public offering at 2.50 a share definitely helps lol. I'm not sure it breaks under that level but if it does it has support and may touch 2.4. I'll be taking profits immediately into the open because I know this is going to squeeze because of shorts taking profits and dip buying etc etc bs bs.
HMNY - I want to see this hold 4.2 convincingly, if it does that and gets enough volume it can get a nice squeeze. If I were to buy this I wouldn't hold it long as it's bouncing off of alltime lows.
QURE - Nice news, but this is probably just a short lol. It's fading premarket so I'd only get in on a bounce up to 6 or something lol. It's pretty low at this point and I was going to say this is a potential buy if it held above 6, as it could rebound and gradually uptrend, turn into a nice squeeze and blah blah.
CALA - News of collaboration with another company to develop and commercialize their tech. I want to see what his does as it has a alot of resistance above but at the same time is holding nicely at it's highs premarket.
ESES - This 2 day chart is so interesting. I've never explicitly seen price action like this before. If I could say something I would say it could potentially retouch highs but at this point it's GOTTA hold over 1.5 and convincingly, as it's already showing downward price action above that level. I'd like a nice squeeze and dip buying opportunity, but this could just turn into a short and cover into 1.2 supp.
Ho - Lee - Shit, great trade. Risky af tho
@Stas_Vervana agreed lmao
Awesome work, but crazy position size indeed. I roughly calculated the size to be about $850k. I've never tried shorting that large of a size relative to my account before, but will your brokerage let you short using margin? Also, I wasn't able to find shares to short that day in both Etrade and Interactive Brokers, so that's something you may be let down on with a real account.
@thoe99 loooo I'd never do that with a real account regardless, like, ever. I would've cut initial losses and waited for my time to short at highs. Theres some trades I of course make with this paper trading account I wouldn't with a real one. That's the benefit of having a paper trading account, you're able to explore new plays, trading styles, etc.
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