NVAX: This stock is dipping after a big drop form the 8s to the 1s. Now the stock is trading in the 2s. No way in hell is this a buy for me. There is absolutely no play for me right now on this stock. The stock has a huge float and market cap. No particular news although the drop was caused by disappointing trial results. This may become a potential short if the stock can spike more but right now there is no play for me.
GALT: I was thinking of buying this stock, but it was choppy and full of intraday resistance. And the company is losing money. This stock spiked due to the TBRA spike from the 7 to the 30s. The stock is also a part of the NASH stocks and was mentioned in the same article as TBRA. GALT had a multi week breakout today. I should have bought this stock since sympathy plays can run especially since TBRA ran so much. The company needs cash and has the sushi drop so that makes it a bit complicated. For overnight position.
NVFY: Stock started some up trending around august when the earnings came out. The exact day of the earnings report there was no huge move, but it may have started the uptrend. The company also made some deals with Chinese designers. They will receive restricted shares every year for their work. This news did not really move the stock. And today the stock spiked again after it found a base at 1.60 ishh. Yesterday the stock had a little morning spike. This is may be a potential short since the stock is up from the $0.5. But looking at their financials I don’t know for sure. If the stock rises more I will eventually short. There are not a lot of shares available though.
CZR: This stock spiked on news that CZR wants to pay 1.2 billion to win bondholders support for its reorganization of its bankrupt operating unit. If this proposal is not signed by Friday midnight the proposal expires. This stock had a breakout over august highs and spiked from the mid 6s to the low 8s. There is a lot of resistance above 8. At 8.5 and at 9. This may be a potential buy for me if the stock can keep breaking out, but I will not hold the stock into Friday. The stocks float is a bit on the high side.
MGT: Yesterday MGT had a bounce after the big crash that was caused by an investigation into the company by Federman and Sherwood for violations of Federal Securities Laws. The stock was also previously pumped by John Mcaffee. If I can find shares to short I would short the bounce since this is one of the steps in Tim’s framework dvd. I will look for shares but I don’t think IB will have them.
ABEO: This stock started up trending in end of july into august. The stock broke out yesterday past the high on the 1 year chart. And has its next resistance level at 7.00. If it can break past 7 it can go to the 8s. Yesterday the company announced a licensing for an AVV system. This stock probably doesn’t break out past 7 today. If it were to breakout I think it would need to consolidate a little.
ATLS: Is an energy company not the ideal type of play for me. But this stock has run up since the beginning of September. I have no real Idea why this stock is up so much. The press release that came out in September was not this great. The stock had a multi month breakout yesterday and might continue spiking today. But this stock doesn’t really spike a lot especially not in the morning.
CLD: Is another energy company that I will put on my watch list. This stock also had a small morning spike and trended up the rest of the day. There was not any news that really acted as a catalyst fr the stock to spike. I’m also not going to search for one because this is an energy play.
CRBP: This is still a potential short for me I will wait until it cracks the lows of 6.70. Or is going solidly red on the day once again. This stock has spiked due to the bull market. The company is losing money QoverQ. I already tried shorting it 2 times and failed.
Join now or log in to leave a comment