On last frinday night, I bought SRCI with price 8.31 pre market, and sell SRCI with price 8.49. Miss the price of of 8.6.
Today I read a news that Jim Roger claimed that the crash of US stock market will come soon. Therefore, I will avoid hold any position overnight, give penny stock is more sensitive to the overall market that over finacial asset. Below is the sources of the news.
https://www.stockinvestor.com/30138/global-investing-giant-jim-rogers-warns-cyclical-downturn-soon/
I check ENVV, PGSY, RETC, and SLDC. No significant news recently, like important contract, earining winner, rating upgrade or M&A rumor. The only thing is the chart which was good to deep-buy. Only deep buy for those four stock with small amount given no stimulas for the stock.
I will buy LBUY tonight, given he is expected to be a earning winner (the news is just released one hour ago). The support line is 1.45 after the crash for 5 days. Below is the news.
Analysts expect Kadant Inc. (NYSE:KAI) to report $0.91 EPS on August, 2.They anticipate $0.02 EPS change or 2.25% from last quarter’s $0.89 EPS. KAI’s profit would be $10.01 million giving it 21.44 P/E if the $0.91 EPS is correct. After having $0.80 EPS previously, Kadant Inc.’s analysts see 13.75% EPS growth.
https://flintdaily.com/kadant-inc-kai-eps-estimated-at-0-91-leafbuyer-tech-lbuy-shorts-down-by-94-44/
I will short XXII today, gievn the news claim that 5 hedge fund sold thier position for XXII.
Below is the resource of news. The price may keep going down, given another news that FDA implent a new law for Tobacco manufacturer.
http://www.postanalyst.com/2017/08/01/5-hedge-funds-sold-their-entire-positions-in-22nd-century-group-inc-nysexxii/
http://www.journalnow.com/business/business_news/local/tobacco-manufacturers-share-prices-slump-second-day-after-fda-news/article_28571d60-e3d7-5086-acd9-142ec7eb74f1.html
I will not touch CYTR after 5 day up-trend, given this news that some hedge fund are ready to short.
https://kldaily.com/time-to-reconsider-cytrx-corporation-nasdaqcytr-after-more-short-sellers/
u mean Kadant (kai) is reporting, not LBUY
yes, thank yu for correction
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