Happy Canada Day to all you snow mexicans
SPCB - 8.5 Mil float, pretty low. Not much short. Not much of a former runner, in its past it ran slower over the course of a few days and hasnt had much big volume days. PR about how they're going to release earnings, fluff. No SEC filings of any use available to read. Baggy chart if you go back to 2014-15. Failed in the morning but ripped into the close and held up. Potential day 2 move, will look for a continuation on volume to short into. Res levels at 2.50, 2.65ish, 3.00, 3.20, and 3.50.
GBR - Tiny float 1.95 mil. Many shorts squeezed but likely many entered as well late day. Former runner, never seems to hold its gains, can go 2 green days on big enough vol. No news, was likely an energy sector sympathy play, this might be the last one in the chain. No ATM offerings, no warrants. Got some bagholders from those high volume pops from a couple years ago probably. Only play for me is if it somehow continues to squeeze and goes nuts in which case i would consider shorting after the trend reverses. Otherwise steering clear.
Thats it for today, got some new setups, will track some data on them before i test em out live.
Those two are high up on my watchlist too! GBR especially.
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