CHEK - Low float, not much short. Not much of a former runner, has spiked a couple of times big for 1 day and didnt hold its gains. No news, possible chat pump. Has No ATM but has warrants, some a t 1.25, 5.73 and many in between. Ran today late day, broke out above 7.05 resistance, struggled with it for a while but closed above. Also up a bit after hours. Surprising strrength. Very baggy long-term chart. Next res around 9.73, then 11.50's. Will be looking for a short if i can get shares. Could very well fail tomorrow around todays highs, but if picks up volume in the morning will give it room to run, but i think i wont hold up well so may even play a breakdown.
EBIO - 9.3 mil float, 15% short. Former runner. On big volume days it only goes for 1-2 but on slower grinds it can run for 3+ days. No news. Has an ATM and warrants at 0.8 and 1.2. Fairly baggy multi-year chart. On its 3rd green day on the 3rd leg of its move. Has been running somewhat steady, will be looking for it to start "sprinting" and look to short into a parabolic move up to 2.50 area resistance. Was hoping it hit that sooner but oh well. Would play it tight, no big % moves imo. Closed well and up a/h, could see that blow off top move tomorrow. If going like mad, next res around 3.25ish.
HEAR - 21.8 mil float not bad, not much short. Former runner, typically only lasts a couple of days. Had some positive news about publicity thru NBA last week. Has warrants at 2.00 and 2.54. Baggy chart. Spiked recently, had its second leg up and is still holding sideways here and curling up a little towards 5.00 resistance. Closed poorly but up a bit afterhours on low volume. If continues to grind up, could start squeezing shorts, which likely a good amount piled in on this recent spike. would not be shorting 5.00 as its too close to support, so next potential ceiling at 5.72ish then 6.15ish. Fairly weak close, but watching just in case.
Overall Markets - Weak. Sideways today. Small Cap land was quite as well.
Noob question what does ATM mean?
@Molonelabe at the market, they can dump shares at market price it usually results in the stock having a really hard time going up, usually it just fades all day
@aidan222sharpe exactly
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