I am building this Watch List based on the guidelines in Trader Checklist Part 12: Mark Crook's Webinar to Trading Challenge students. Please comment if you guys notice something right/wrong/helpful. Help me improve.
CATB -Shares Oustanding is 18.7M. Float is 18.1M. 245K shares short at the end of the month. The catalyst is because their drug CAT-1004 is showing good results in testing. Resistance in the low 5's. If it can break that, CATB could possibly run to mid 5's or higher.
GLBS - Shares Outstanding and float is 2.6M. 78k shares short last month. I could be wrong, but it just finished it's sympathy play. It doubled topped at $9.5ish from the highs on the 18th and the 19th. Catalyst was $5M private equity for GLBS, but it has been cancelled. Tim says Friday's are hard to short, so be careful with this one. It is no longer under the SSR.
ESSI - 32.7M outstanding shares and 10M float. No shares were short last month. ESSI has broken its 52 week high of 3.5 and has held gains. There is no other catalyst other than the technical breakout.
Keeping an eye on Tim's watchlist as well. Thanks guys. will do more/better next time.
Join now or log in to leave a comment