6/4/20

Still no trading as STT does not work well on bad WiFi. I am limiting myself to only trading on Fridays when I’m not at work for now as it seemed to work better at my house last week. I will continue to work on watchlists for each day and review them after each trading day for experience and help in refining the process/patterns. Geez, too many plays right now. I’m sure I’ll miss the best one, but 15 stocks up over 50% with my filter criteria. It’s insane right now!

GNUS/MARK – Tim alerted in the Morning Profits Trading Room to keep an eye on these 2 for potential morning dip buys 6/3. GNUS went wild today setting a new 52 week high of 8.00 around 1400 with 3 PR’s released today. 8.00 is also 4 year resistance. There were a couple of decent dip buying opportunities at 0936 & 1042, but the dips were not massive around 5-15% dips. The first dip was smaller than the second but had a faster spike. I was set to enter if there was an actual panic, but the price did not dip down 20% so I didn’t enter, it only dropped 0.20 off of 4.95 open. I didn’t think it was following the morning panic pattern, so I stayed out. Hind sight, I should have got in when it broke the open mark of 4.95. I assume this was a major short squeeze, HOD of 8.99 set at 1955. MARK didn’t panic first thing, but did drop 0.17/share by 1025, the rebound was gradual throughout the day and it hit the HOD AH at 1635 with 2 PR’s released today. Both still look like possible morning panic dip buys tomorrow.

CIDM – NASDAQ, Communication Services/Media/Entertainment: News release premarket 6/3 announcing one of their channels being added to Roku. Seems like a spike due to being included with Roku. The stock ran up 100% during hours and was a good breakout buy at 0.98 at 1447 which was a break of the HOD. Now up over 2.00 as of 1830 and setting HOD’s in AH. Nearly 22x more volume over 60 day average, and nearly a full float rotation on the day. This one might be a morning panic candidate, or a breakout buy over previous highs. Reevaluate premarket.

DLPN – NASDAQ, Communication Services/Media/Entertainment: No news on this one, possible Twitter pump or short squeeze. This one doesn’t seem to fit the dip buy pattern since there is no news/earnings and it isn, but it looks to be a CIDM/GNUS sympathy play. Volume was up 78x over 60 day average and there was nearly a complete float rotation 6/3. I will keep on watch to see price/volume action tomorrow.

ENT – NASDAQ, Communication Services/Media/Entertainment: Seems to be a GNUS/CIDM/DLPN sympathy play. Only 2x increased volume over 60 day and the float rotated 1.5x. Also doesn’t seem to fit pattern being there is no news/earnings and it isn’t a multiday runner. I’m going to reevaluate premarket.

RWLK – NASDAQ, Healthcare/Medical Devices: Nothing really happened with this one today. Weak panic/weak bounce. It is still up around 150% over the last 3 weeks. I’ll keep on watch for possible morning panic dip buy.

HGEN – OTCQB, Healthcare/Biotech: Dropped to 2.32 in the first minute and then bounced 0.98/share to a new high of 3.30 4 minutes later. This one is still up around 300% in the last 4 trading days. It panicked down to just above yesterday’s close and bounced nearly 0.40 in the last 15 minutes of the trading day. This one might be a good dip buy opportunity tomorrow morning.

ALNA – NASDAQ, Healthcare/Biotech: 0.20 drop in the first 3 minutes with a 0.60 bounce over the next 20 minutes. Could have made decent profits on this one in the morning, but they announced a 15mm registered direct offering at 1315 and the price tanked 0.55 in the same minute and halted for 4 minutes after. There was a small 0.20 bounce off that panic, but it didn’t do much after that. Still up 300% from when it started its runup in March, but I am moving this one to my recent runners list since it is on its 2^nd red candle in a row.

HUGE – NASDAQ, Healthcare/Drug Manufacturer: 2 news articles, 2 PR’s, and a SEC filing on the day spiked this one up big premarket and it hit a 6 month high  at 14.00 before crashing and fading throughout the day closing down nearly 100% from that high. It is still up 117% as of 1723. I don’t know that there is a play here, I just want to keep an eye on this one.

SBFM – OTCPK, Healthcare/Drug Manufacturer: PR and SEC filing premarket stating they filed a patent for a new COVID treatment. Stock went nuts trading nearly 38x its normal volume and 4x float rotation going up over 500% just today and it closed within 18% of the HOD. This is a super cheap 0.0135 stock, but it is in a hot sector with news. I’m going to watch this one for a morning panic dip buy or a break of 0.0165 HOD from 6/3.

MGI – NASDAQ, Financial Services/Credit Services: PR stating Western Union offer to buy. 6% drop and bounce back 6% in the first 12 minutes of the day which is not what I’m looking for. Pretty boring throughout the day IMO. This is still up over 100% since it started its runup 3 weeks ago. Still on watch for possible morning panic dip buy opportunity.

WRTC – NASDAQ, Technology/Hardware: Slight spike with 1.60 drop from its high in the first 15 minutes. Got a bounce of roughly 0.65 16 minutes later. This one is also still up over 100% since it started its runup 3 weeks ago. Keep on watch for possible morning panic for dip buy.

BBRW – OTCPK: Back on the radar after fluffy news release talking about customer negotiations “We have been working with these companies in the past, and now will ink a strategic partnership to acquire all of their future customer orders and products. This will add approximately $5M a year to our bottom line.” $Volume still under $2mm that I usually look for, but not by much. Daily chart looks like a stage 5 of the framework. Level 2 showing big time sellers at 0.034/1.22mm as of 2045, big time seller advantage at this time. Going to monitor this one to see if we get a breakout over 6/3 high of 0.038 or possible morning panic dip buy.

LUB – NYSE, Consumer Cyclical/Restaurant: Up 112% AH after PR announcing it will pursue a sale of its operations and distribute net proceeds to stockholders. Also reported earnings AH of -0.13 EPS and (7.9%) Y/Y Revenue. Not really sure where this one is going to go, but it spiked from 0.86 to 2.00 the minute the PR came out and it was alerted in the STT Breaking News chat. I will reevaluate premarket, but this one doesn’t follow the morning panic dip buy pattern as this hasn’t been a multiday runner. I will keep on watch to see price/volume action tomorrow.

AESE – NASDAQ, Financial Services/Diversified Financial Services: eSports company. CNBC piece released at 1420 on 5/29 causing this and other eSports instruments to spike. Seems to still be in a consolidation channel between roughly 3.40 support and 4.25 resistance. A new catalyst could spike this one pretty well with a possible short squeeze as this one has consolidated well close to its 6 month high. I just want to keep an eye on this one for my knowledge, but no play at this time.

HDII – OTCPK, Industrials/Waste Management: This one did not meet my $Volume minimum today. It is up 700% over the last 4 weeks, but the volume needs to be closer to 12-15mm IMO for any volatile moves. I will move this one to my recent runners list.