Trade Plan for 9-18-2015 – $CANF, $FIT, $ITCI, $ARWR, $ADXS, $AERI, $TCON

$CANFShort at $5.00 risk on $5.50

$FIT Short at $40.50 stop on $41.00

$ITCI Short at $57.00 stop on $57.50

$ARWR Short on $7.60’s stop on $8.00

$ADXS Short at $21.00 stop on $21.50

$AERI Short at $31.00 stop on $31.50

$TCON Watching for now. May look to fade later.

Watchlist for 9-18-2015 – $CANF, $FIT, $ITCI, $ARWR, $ADXS, $AERI

Today’s Plan

Typical Friday, going to widen my price targets and trade smaller. Only add to winners no scaling into a loser. I am adamant that I’m in cash over the weekend so I’m not going to get “trapped” in any losers.

Today’s List: Full list from Yahoo Finance

Can-Fite BioPharma Ltd. (CANF) -NYSE MKT

Everybody wants this short, so it will squeeze. Odds are this ends up a “coulda woulda shoulda” for me. But I want low stress today.

Target: $5+ for a starter then cover for small loss, and only add to a winner, no losing adds.

CANF

Fitbit Inc. (FIT) -NYSE

Longterm this will be a killer short. Short term its jumpy and in the media all the time.

Target: $40.50 with a stop on $41.00

FIT

Intra-Cellular Therapies, Inc. (ITCI) -NasdaqGS

I still think this has room to run, plus its Friday and probably a bunch of shorts looking to cover. Highly doubt I’ll trade it today, more keeping it on watch as a reminder for next week.

ITCI

Arrowhead Research Corp. (ARWR) -NasdaqGS

Short pops for a fade.

Target: $7.60’s with a stop on the high from a couple days ago.

ARWR

Advaxis, Inc. (ADXS) -NasdaqCM

After botching this for a profit yesterday I’m just kind of curious. I’m too dumb to figure out fi the data is good or bad. My thought is it fades. But that chicanery yesterday is confusing to me.

Target: $20.25 stop on $20.50

ADXS

Aerie Pharmaceuticals, Inc. (AERI) -NasdaqGM

I had a trade plan to short this at $31.90, (I have the notecard for proof!) which would have been a killer entry, but I was so locked on $ADXS, and new their presentation and the Fed were coming up at 2PM. So I just stayed out.

Target: Thinking this is entering “backside” territory. Will look to short pop’s, but again small. I’m not going to get stuck in it over the weekend. $31.00-$31.50

AERI

Trade Plan for 9-17-2015 – $AERI, $ADXS, $CANF, $COLL, $ITCI, $WGBS

AERI

$AERI Waited for a para but didnt take it, see above photo. I just hate to enter pre market on these crazy runners. Will watch for another squeeze out para Target: $36

$ADXS SS @ $20.00

$CANF SS @ $3.00

$COLL SS @ $23.00

$ITCI Not my standard play, but I’m going to try and buy dips. Long @ $50.50

$WGBS Just watching hoping it gets crazy. But not interested at this $2.00 level

Watchlist for 9-17-2015 – $ADXS, $AERI, $ITCI, $MXWL, $COLL, $TAP

Today’s Plan

Considering the market seemed to be nonstop grind up yesterday I’m surprise by the lack of interesting setups on the “gainers scan”. Not a big fan of all these higher priced stocks to watch, there is hardly anything interesting in the $5-$15 range. After a frustrating day yesterday breaking my plans I am going to firmly stick with what I decide at 9:15AM. If that means I make no trades today so be it. But had I stuck with my plan yesterday instead of entering early I would have had a handsomely profitable day instead of a small loser: Yesterday’s plan for 9-16-2015

Today’s List: Full list from Yahoo Finance

Advaxis, Inc. (ADXS) -NasdaqCM

Same plan as yesterday, short on $20, stop on $20.25

ADXS

Aerie Pharmaceuticals, Inc. (AERI) -NasdaqGM

Huge move afterhours, will watch for a para short squueze, assuming tons will enter this pre market and at the open.

Target: $35+

AERI

Intra-Cellular Therapies, Inc. (ITCI) -NasdaqGS

Avoided this all day yesterday, glad about that, looking for squeeze move.

Target: $50+

ITCI

Maxwell Technologies, Inc. (MXWL) -NasdaqGS

News of deal with GM but I’m dubious about this move. Probably wont trade this, but I’m interested if it gets up to $6.50’s.

MXWL

Collegium Pharmaceutical, Inc. (COLL) -NasdaqGS

Target: $23.00

COLL

Molson Coors Brewing Company (TAP) -NYSE

Looking for pop and then fade.

Target: $83.50

TAP