NEWLF- it’s a shipping company and a sympathy play of PRGN. It’s the first up day with high volume. Although PGRN faded, it still spiked from 0.005 to 0.0247 on Friday and closed at the high. I think this will have legs and some serious upside given its past spikeablity. It had spiked from 0.01 to 0.12 before in 2 days. I think I will gap up on Monday. I will look to buy 50000 shares this at 0.025-0.026. My goal is to sell at 0.06. I will cut my losses at 0.0225.
GLBS- It’s a sympathy play of PRGN. It had a head and shoulder pattern which is bearish. But it held up 1 which was previous support in 1- year chart. I don’t know what it will do, I will just look at the price action on Monday. But remember, if PRGN tanks, this tanks too.
HUSA- It spiked from 0.20 to 0.35 on Friday. It closed rather strongly just 3 cents under the day high. I think this can retest 0.35 level on Monday. If this breaks, it can go to 0.40. But it only has 5 cents of upside. It’s a potential dip buy for me at 0.25 as there are multi months support there. If it holds 0.25, I think it could retest the 0.30. Also 5 cents of upside but the risk is lower.
PTX- It’s a billionaire play, Steve Cohen has 5.8% of this company’s stake. It spiked from 80 cents to 1.20 afterhours. With this ugly long term chart, I think it can squeeze on Monday. However, its float is 38M, so it needs some serious volume to squeeze. The next resistance is at 1.47.
PRGN- This monster continued to squeeze on Friday. I think its done given the afterhours price action, it faded from 2.60 to 2.11 but rebounded nicely and closed at 2.49. Unlike on Thursday after hours, it spiked up to 2 from 1.70. However, there are always dip buyers holding it up whenever it dips. Also, the volume is still high. So I would just watch and react. Potential dip buy for me.
EGLE- I bought this stock at 0.74 and cut my loss at 0.64 on Thursday. It then spiked to my target of 1. This is what you get from chasing stocks. You don’t know where the risk really is. It’s a sympathy play of PRGN, so when PRGN is done, this will tank as well, which is most likely to.