Bias

Grade

Ticker

Details

Plan

Short

3

CPXX

·         Has spiked quite a lot

·         This can go to the 9.10 if it breaks support of 9.60.

·         Even afterhours, it’s right at support of 9.80

·         Short either into a morning spike @ 10.30 or 10.45 for 50-60c of downside.
RR = 15-50 = 3-1

·         Short into panic in the morning for 50c downside.
I’ll be better able to determine RR premarket.

Short

3

WATT

·         Knocked down to 7.40 afterfours by exposé.

·         If it drops today too, it might fill the gap back to 6.50 or 6.30.

·         7.30 to 7.10 is multiday support

·         This stock is relatively bad at spiking in the morning, with today news, it’s going to be even more difficult

·         Short on break of multiday support in the 7.30s (which it had already broken yesterday, then recovered a bit)
RR = 50-10 = 5-1

·         I might adjust my strategy before market open, depending on price action premarket. The after-hours moves are very violent.

Short

4

CBDS

·         Has resistance every step of the way from 2.30 to 2.50

·         Watch for similar breakdown of August 2015 … and today is the 1^st down day.

·         Trading volume was weak yesterday

·         This is a big potential short either at previous day resistance in the 2.25s or as it breaks 2.16 late day support form yesterday. The goal is something around 30c.
RR = 3-1

Watch

2

LEU

·         Yesterday it spiked but could not hold it, and closed down on the day.

·         It has clear resistance @ 3.90-4.00

·         It has clear support @ 3.00

·         I can’t make up my mind on what to do yet

·         Watch

Watch

TRXC

·         Closed @ 4.50

·         It has got multi-day resistance @ 4.55, then 4.60, then 4.70, so it’s not that encouraging to buy.

·         watch