:: Potential LONG ::
- $GSAT : Float = 453M - On my WL earlier this week, stock is moving (17% on Friday) and if it can break the 1.80 resistance, we could go to 2.40 for next level.
- $LTRX : Float = 8.7M - Spiked 33% on Friday on positive earnings, could run some more. There could be resistance at 2.40 but after that it's good to 3.30-ish
- $EBIO : Float = 7.58M - Tiny float picking-up some steam and once it can break 2.50 resistance, it could spike nicely.
- $PULM : Float =5.5M - Finished really strong on Friday with SHORTS getting squeezed and after the positive news from FDA, I wouldn't be surprised if it spiked again Monday BUT expect resistance at 3.60 & 3.90 but after that, 5.39 is the next level...
:: Under Watch ::
- $CARA 23M float that could be a sympathy play to $PULM and other Biotech!
- $HTBX Broke the 1.06 level and finished strong on Friday on this 21M float. Resistance at 1.2 then potential spike to 3.00!
- $RCON is showing some positive signs but strong resistance around 1.60 is to be expected.
- $CSBR adding this one as it's creating a giant Cup & Handle from last May with a tiny 3M float. If it can break out the 4.55 resistance, it could run BUT beware of the double top! It could collapse just as fast.
I use this Yahoo scanner to keep an eye on the big gainers.
Hmm I see, it seems to have a strong support at 1.00, dropped to it twice in Friday's and then jumped. You think new support might be 1.08? I appreciate the insight btw :)
A question about GSAT. I am watching this too, but something that worries me is the 450m float and the 20% short interest. Seems like a lot of downward pressure to overcome. Am I wrong to consider this a red flag?
well im not an expert but i would say the short interest is accualy a good thing because they have a meeting with investors comming up. if the price starts to shoot up the shorts are gonna get squeezed and that will actully make the price go higher. again itl depend on the conclusion of the meeting.
While short interest is good, but doesn't the 450m float count this out as a potential short squeeze? If it were low float, like 8m with the average volume at 8m, then I see a potential short squeeze. Just seems there is plenty of shares to meet demand. IDK, I may be way off mark in my understanding.
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