22 Jun 15

Not much out there in the way of movers with a catalyst, welcome to summer I guess. Gonna have to adjust and take it slower and capitalize on the runners of the day and if playing chart plays, give them time to develop, have a little more patience if on the right side of the trade.

POZN – watching this for a short. It’s had no consolidation, on a 6 day run. Trend up until today (it’s Friday so kinda expected, closed at it's highs, shorts not hitting the bid) has been morning g/r, pop r/g and grind up to an afternoon fade. Watching for the slow grind through the morning and short in the afternoon. Ideal situation would be catch the afternoon short, hold o/n and cover in to the morning wash, but my trades are seldom ideal. Just because this a parabolic chart does not mean it's going to crash..it could go to 50.00 it could move right and consolidate. It may pull and consolidate..not a pump so don't expect a big crash..IMO opinion it's due to pull back, doesn't it mean it will. My strategy is to have a plan that reduces my risk and improves my chances to profit..next resistance levels based on monthly candles going back to 2008. 12.16 and 13.07. Linked Chart

SPPI – I'm long o/w at 6.91. Broke out over 7. Closed AHs at 7.11. 50m float 40% short interest so nice squeeze potential. Million shares were bought up right at the close. (Short cover possible) Still leaves 22m out there. Break over 7.27 should see a nice squeeze. Some rumors circulating about a possible sale. I’ll just stick with the price action and go from there. Not sure what all the rumors mean. If anyone can make sense of it let me know. Marked up  Linked Chart

FBIO - I'll be so glad when another sector gets hot other than healthcare (biotechs) but they are in play..Weak open 3.40ish to scoop up for long position to high 3s. Resistance at 4.00 to low 4s. Up on European patent news, fwiw. float 28m, 10% short interest.. Marked up chart...FBIO

GBSN - trade range is tightening up nice, low float. Like to see low 3.30s hold support. float 2.6m, short interest 19% Linked Chart

CALA - Another biotech starting to curl up nice. Has support from Oct and Dec 14 at the 8.28 level. Watching for weak open near this level for a long position. Has some catalyst but nothing in stone. As long as 8.25ish holds support I'll probably swing this trade. It has some room to run if there is follow through momentum and volume. Volume level up 3xs on Friday as compared to Thursday. 8.3m float 13% short interest according to equity feed. Linked Chart

INUV - been reluctant to add to watch list, just because so many are watching and lots of hype, but that's the reason I added it. If it breaks through 3.50 it could run. Watching for weak open 3.25-3.35 to scoop up long for 3.50 b/o to 4+. Won't chase if it gaps up but will watch for dips to support. I missed the ideal entry in the low 3.20s  Linked Chart

 

Good Luck,

Hoop

 

Some other charts I'm watching

XOMA- http://elite.finviz.com/publish/062015/XOMAd160810151i.png
AMDA - http://elite.finviz.com/publish/062015/AMDAd163068587i.png
MBII - http://elite.finviz.com/publish/062015/MBIIw182963658i.png