I'm only going to buy first green days, short first red days, or look to dip buy morning panics. That's it.
Morning Panic / Dip Buys:
OTLK - (4.5M float) I'm looking for a morning panic/bounce at $2. Still has tons of volume coming through and float rotation is still going through like mad. This could lead to a big return on the dip. Keep an eye on it as this one can move very fast with it's low float.
RAVE - (10M float) Up on earnings from earlier in the month. Had a nice first red day yesterday and looking for a morning panic to 2.25 for a good 20% bounce opportunity. The volume isn't great on this stock, so even small volume numbers (in 100-200k) should be enough to make this stock move.
GMO - (80M float) I'm looking for a bounce around .33. I think this one could have legs so watch for volume as this could have a good rebound today.
ELGL - (N/A Float) Such a disappointing bounce opportunity yesterday. Low volume and a slow fade all day lead a very boring stock. I'm not interested in watching another $KBLB, so this may be the last day this stock is on my list. Looking for dip buy opportunity at .35 and there needs to be volume behind it. Without volume, just walk away.
Breakouts / Uptrends:
Shorts:
OBLN - (9M float) Crappy biotech with a bad sushi chart is up on after hour news. Could totally crap out at the open like many stocks that have these big gains in a/h, p/m do. There is the possibility that it could gap fill to 1.40 as well but I think the former is more likely.
Just to Watch:
IPIX - (156M float) Volume dried up on this stock and it failed to break .28 on the day. The stock is looking weak and it could just start downtrending. It's too cheap to short and the volume is too weak for a morning panic/dip buy, so it's just on watch in case I am wrong. I would love to see big volume and a break to near .38 levels, but it will likely need big volume and a catalyst to do it.
GRWC - (74M float) On watch to see how it handles .255 break out level. Volume isn't great, so it's not likely that it will break. Just on watch to see if it makes a first red day today.
PTN - (200M float) This is a Bio-tech stock making a female viagra injection and waiting on FDA approval, so it looks to be a case of buy the rumor and sell the news. Took a big dive on Friday, but had a strong bounce. This reminds me of $BMMJ where it would have these mid-day crashes with big recoveries. I think someone is manipulating this one. It's just on watch for a possible dip buy down at $1.05.
Posted May 22, 19 7:50 AMbyTommy_D
Received 1 Karma
KBLB out with great news 5 new patents submitted, nice watch list!
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