13 Jul 15
I've got a small long position on CAS at 6.08. Was short biased until it broke the day high around 3:15. Looking to sell in to any big pop. May see some descent resistance around 6.30 if it gets there. Not a strong position but we'll see what happens. Hard stop below 6. Should have been watching FREE much closer. Had it on the watch list just missed it. Markets are still in flux although futures are up this morning and UVXY is dipping so at least the market is in agreement so far.
WPCS, RGSE, BLRX, CBLI, HEAR, FREE - All these are potential dead cat/support bounce plays well off their highs, all at or near good support levels with the exception of FREE, but FREE becomes interesting as it has a 940K float. Wouldn't mind a starter position for possible swing around 2.55-.60, broke 3 on Friday. WPCS, RGSE also low float plays. Have to go back to Feb-Mar 2014 to find the WPCS support, RGSE support in fall 2014.
HOTR - watching for weak open 2.50ish. Needs to hold 2.43 which would be my stop if breaks below.
Mostly watching watching for percentage gainers pre and intraday for potential dip buys.
Good Luck,
Hoop
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