Considering the most likely deserved “crash” or correction or whatever your macro ass wants to call it last week, there are next to no stocks coming up on my screens. I look to short stocks up big and considering the two days we had at the end of last week I’m not surprised to find no good setups. If I were better at buying breakouts, I would screen for them. BUT and its a big but! Futures are up close to 420 points on the Dow and 55 points on the S&P, so while today may not be a good day to trade for my strategy it certainly looks like tomorrow could be. Or even potentially this afternoon if the hype starts to fade.
As I run more screens I’m finding tons of beat down stocks that would probably be nice buys on a day like today, but again, I’m no good at that so I will avoid it. But if thats your thing, today indeed looks to be the day!
Looks like all they make is a database export/import utility, of course if you read their press releases and hypish webpage you would find it hard to actually figure that out. But they keep yapping about some great new product they are coming out with, maybe instead of sending all the DB’s to India to be manually rekeyed into a new system, they actually figured out a way to do it in software. I have been short biased on this stock for about a week but considering the big pop we will see in the markets today, I’m leaning long. But will flip to short if it fails to breakout. LONG then SHORT
Wow they may have the most confusing business summary on Yahoo finance I have EVER read. Don’t get me wrong I usually have NO idea whatsoever what these biopharmas do, but usually I can at least get a basic idea. But reading theirs I am completely lost by the second sentence. Website is also brutal and has a copyright notice from 2004… SHORT