OPGN- OpGen, Inc. The float is 2.75M (low float). This stock finished up 135.67% on the day because of potential Merck rumors. The rumor is that Merc Global Health Innovation Fund, LLC, the company owns a 37.5% stake in OPGN and that both of the companies have been working together on a combination of projects that could change how we treat infectious diseases in healthcare facilities. This only a rumor of maybe a takeover, but nothing confirmed. One reason this stock ran so big is because of its low float of 2.75M and that the market is very hot at the moment for any low float runners like OPTT and SPU. I will look for news in the morning and see if anything is confirmed and I will be extra careful looking to take a short either based on an overextended gap down short risking off the r/g move of 3.70 or a short risking off the previous days high/resistance of 4.65. If it does gap down and breaks green on the day then I will go long and hope for a big squeeze even higher. 3.31 was the morning high's spike which can act as support now and the 3.40s is also acting as a support level. Play with caution in this hot market.
GLBS- Globus Maritime Limited. The float is 3.65M (low float). This stock finished up 81.80% on the day because of a hot market with low floaters running left and right. This stock is a former runner as well, but can never hold its gains after a day or two of spiking. I will be looking to short this shipping low float stock with caution. I will not chase a buy on this stock due to this stock proving over time that this will most likely fail in the very near future. If OPTT and SPU (the gang leaders of these low float) don't squeeze up tomorrow, then the likely hood of other low floats squeezing is unlikely as well. I will look to short on a g/r move or will look to short an overextended gap down short risking off the r/g move of 0.80. Will look for lower highs to confirm a downtrend and add into those pops. Tim Sykes is also long GLBS counterpart which is TOPS. These two will follow each other since they are the same sector and both low floats.
BLDP- Ballard Power Systems, Inc. The float is 155.67M. This stock had a contract win on July 18, 2016 and after hours on July 19, 2016 they announced they sign a follow-on technology solutions agreement with leading global automotive OEM. This has a high of 2.04 (52-wk high) which will be a multi-day breakout that I will look to go long over and risking off the previous intraday dip. This is a slow moving stock with a bigger float. Up trending afterhours and will see if it can breakout convincingly in this hot market.
OPTT- Ocean Power Technologies. The float is 2.12M. This stock is up on no news or SEC filings and is having a huge short squeeze. There will definitely be no shares to short at most brokers, so this will only be a long play for me if it gaps down and squeezes green above its previous close of 13.92. This had a great breakout like in Grittani's video over 10.11/share. This would have been a good entry in hindsight since this is a low float with shorts now getting extremely scared. Will watch for another squeeze tomorrow.
SPU- SkyPeople Fruit Juice, Inc. The float is 1.66M. This a sympathy play to OPTT spiking and squeezing and both charts are almost very similar. So, these will follow each other up or down. This also had a major breakout today above 7.91. I will only look to go long on a r/g move over 8.55.
Secondary watches: $MRNS, $SPHS, $HTBX, $TCPI
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