My watch list for 5/2/2017 Still paper trading, still testing strategies and theories.
CCCR - No recent news, gap down premarket, but broke out of the double top yesterday, pretty sure there is manipulation on this oneITCI - I dont understand this one, ran up 3 days in a row, with lawsuit news pending. Slight gap down this morning, but looking at the daily chart, I expect it to continue its uptrend.
MTBC - Last night I was looking for a short position, the chart just didn't speak to me, this morning ir did gap down modestly. Considering the daily chart and yesterdays action, it looks like the current spike is nearing exhaustion and about to drop. I dont see a news catalyst.
AUPH - Gap up on news PM, flattened, but has held. Modest gains today.
NOK - Gap up on news of deploying new system in Europe may bring good movement today. Correct me if im wrong, seems to me that coupled with the recent earnings move fresh on memory, the gap up on news might run well.
ZPAS - Looks like a pump, very steady growth over the past month, slight panic yesterday, looks like it will continue up today. Watch for confirmation of uptrend or sell off, the sushi is a little off.
USRM - Recent runner ran up again yesterday, possible continuation, watch out for resistance @ 0.13-.14
Overall these last 2 months feel like picking through a fish market at midnight....
Good day this morning! I paper traded 3 stocks, CCCR, AUPH, and still short in ANGI. My attempt at scaling in and out of the upswing of AUPH could use some work. I bought 800 shares@ $2.49, sold 400 @2.56, sold 200@ 2.62 sold 200 @ 2.85. I should have stopped here, I'm only buying into risk at this point, plus commissions if this were live trading... I bought an additional 400 shares @ 2.89, anticipating a continued move past $3, it did go to $3, but couldn't hold it and I ended up selling @
$2.82. I later Shorted 250 shares of AUPH @$7.93 and covered @7.59, continued down to 7.10ish, but better to take the move than losing it. This is my best trade of the day, one entry, one exit, minimizing commissions with a low risk trade. Overall I'm up $181 before commissions, still waiting on ANGI to crack.
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