My lack of interesting plays on scan yesterday kept me away. At this point glad I didnt trade, $EVOK was one that I obviously missed out on. But I think by staying away and not trading I probably came out ahead on a day like yesterday. Would I have traded $EVOK well? Who knows, but if I stuck around for 8 hours and stared at screens and forced some other mediocre trades, most likely I’d give any gains back….
Similar day today and its a friday and I have things to do outside of trading including a meeting at 9AM. So likelihood I trade today is very low.
Today’s List: Full list from Yahoo Finance
Pacific Biosciences of California, Inc. (PACB) -NasdaqGS
I’m short biased, but don’t think this is done yet. I have an alert set at $6.00 but if that goes off afternoon on a Friday, no way I short it. Ideally this goes crazy, squeezes shorts and I’m ready on Monday.
Republic Airways Holdings Inc. (RJET) -NasdaqGS
As long as this sits at this $6.00-$6.20 level I’ll ignore. Waiting for either a crack under $6.00 or some sort of para “squeeze em out” type move. I really think the only reason its staying up at this point is shorts keep adding waiting for that crack under $6.00. So at this point longs have no reason to sell and will just sit and wait.
Target: $5.90 breakdown or a para move towards $7.00, if it just grinds up I won’t short.
Can-Fite BioPharma Ltd. (CANF) -NYSE MKT
Trevena, Inc. (TRVN) -NasdaqGS
This are more slow fade type setups, not going to enter today but they are watches for next week. Plan is the same on both, short pops.