What's up guys? Hope you all had an awesome weekend and that you took some time to share a few moments with your loved ones.

A disappointing day Friday, although I did finish green, the opportunities just didn't seem to be there so I called in an early day, and went for a nice walk with my daughter and my girlfriend.

Scaled into $VTVT on the 9:30 wash and sold on the VWAP test, too many times I held on and let the trade reverse on me, so my new moto is: Take Profits Stupid (TPS). Of course I left money on the table but it's besides the point. Then I moved on to $IPI and bought the dip, but I held on and didn't follow TPS so I scratched the trade. Went back to $VTVT and scalped it again for a tiny profit which put me back green for the day. 

Not a lot on my watch this week, I'm working so I won't trade unless something really fits my patterns. I've set a strict set of rules to combat my overtrading, and I will work on my patience.

On watch for Monday:

LONGS

$AQMS: Nice grinding day Friday, will look for dips using 3.30s as guide.

$S: Insane volume on this because of the merger talk with T-Mobile. Gapped from 6 and closed at 6.50. We'll see how it reacts but next logical target would be 7.

SHORTS:

$FCRE: Sketchy run at the bell Friday, couldn't really find out why it ran but I'm guessing chatroom pump since it has a micro float (5Million) . Will look for weakness as this has no business being up.

$BCOV: Up on earnings, could keep pushing but on watch for backside. Won't try to catch a falling knife like I did so often with $I. Wait for weakness and size in on pops.

$EBIO: Low float heavily shorted so could squeeze stubborn shorts (kind of like me lol) before unwind. 2.75 push and stuff.

$GTE: Nice run so far. CC on May 1st after the close to release earnings so will look for opportunity after that. Usually have nice volume to it so there will probably be a good trade there.

SWINGS: 

$ACET: Chart looks good, curling pattern/beaten down stock. Lawsuit after lawsuit, be mindful of the problems this pos has, but should offer nice opportunities in the coming days. 2.50 as guide, dips for continuation.

 

There you have it guys, my watchlist for Monday morning. Hope you will all kill it, trade smart, be safe, and I'll see you guys out there.

Feel free to reach out here or on twitter: @mickdostie

-Mick