GALE - Low float spiking off of news of positive data of it's tech. It's also spiking off of alltime lows so you know there are some covering shorts. Definitely the reason it's up so high already premarket. It's officially February so the January effect isn't relevant anymore. That being said I'm cautious of overextension, and if this continues to spike anymore I'm sure this is just going to drop at the open. So I'm cautious of buying this I'll have to see more price action to determine what to do with this. If this dips now and holds a level I'm fine with dip buying this. Looking to cover into 3 and the low 3's.
NAKD - This immediately is a short for me. Especially since this is showing me negative price action already premarket. If this breaks a trend, holds levels near today's highs, it can squeeze. Really can, especially since it's a low float. If it goes and breaks 1.5 today it can retouch Friday's highs tomorrow. I'm watching price action at the open not committing to any position right out the back.
CERU - Really want this to hold 1.4 for a retest of Friday highs, If it gets enough volume off of that level it can go. Maybe even past Friday highs.
ZAIS - Still watching this because I see this is still up over Friday's close. If it holds 2.4, way more preferably 2.5, it can get some spikeability and go.
I've just started so I want to try your approach! Thanks bro
Good question from Rimanwilliam, I would also like to know. How did you get on with GALE given the recent news? Did you have a position when it dropped?
Marketwatch.com
thanks bro
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