I won’t even go over the misses on $WTW and $EARS from Friday, I can’t endure the emotional pain… Sometimes you have to run errands and do things during the day, I typically choose Fridays and it is what it is. At least I got my to do list done….
Just a handful of setups today. Not surprising considering the market Friday. I was a little confused by the $TWTR feed last night, I kept seeing everyone yapping about the world ending, then I’d check futures and they weren’t down “that” much. Seem to have stabilized a little overnight. Ideally get some pops to scale into.
Today’s List: Full list from Yahoo Finance
Auris Medical Holding AG (EARS) -NasdaqGM
Looking to start a short into the $6.25’s and add up to $7.00
MeetMe, Inc. (MEET) -NasdaqCM
Seems “everybody” is wanting to or already short this. It will probably hit $4.50 and fail, but considering the crowd I want it higher.
Target: Starter at $5.00
Anavex Life Sciences Corp. (AVXL) -NasdaqCM
I’ve said it a million times but this seems to be finally done. Will look to short any pops to $5.00.
Weight Watchers International, Inc. (WTW) -NYSE
Doubt I will trade this, its given so much back, but will watch and reassess in the afternoon.
NGL Energy Partners LP (NGL) -NYSE
I’m assuming this is the “next $LEI”, no price target right now. Will wait for an $LEI type move on Day 2. Gap down, push, and fade back. Another ticker it seems everyone is short. Ideally get the drop out of the gate for chasers, then a squeeze out, followed by the fade back at the end of the day.
Target: Para after the gap down.