Nothing I am in love with, that being said everything on short watch probably fades all day. I’m just in defense mode after a great week. I have no desire to fight any battles on a Friday. Every day I try and “Let them come to me.” Today I’m going to be iron clad on that.
Today’s List: Full list from Yahoo Finance
Lands’ End, Inc. (LE) -NasdaqCM
Held this overnight because I was sitting very green and it was sitting on the edge of rolling over. While this could have several dollars of downside I have no desire to hold more than today. Ideally a crack for an exit and move on.
Vitae Pharmaceuticals, Inc. (VTAE) -NasdaqGM
Keeps hanging around, ugly miss by me yesterday. Will look to short pops, but it’s Friday so will be careful on size.
Target: $14.50 or higher
Akebia Therapeutics, Inc. (AKBA) -NasdaqGM
Same thing as $VTAE if it wasn’t Friday I’d get more aggressive, ideally big spike to get small into. Hopefully they both hold up for next week.
KaloBios Pharmaceuticals, Inc. (KBIO) -NasdaqGM
Target: high $3’s-$4.00
VIVUS Inc. (VVUS) -NasdaqGS
“Billionaire play” blah blah, everybody is looking for the next one. I’ve shorted this stock a lot through the years, but considering the hype about billionaire investment, AND the fact this thing was over $30 bucks a couple years ago. It’s a long only at this point. Highly doubt I’ll buy but it could have legs for sure.
Target: Buy over $2.50 on big volume.
Sangamo Biosciences Inc. (SGMO) -NasdaqGS
Showed up on several scans, but it really is not up that much compared to the chart. I’m only interested if it gets waaaay higher. Sure it probably fades right back, but I don’t like it here.
Target: Huge move $10+