Wow, will be scanning hardcore going into the open, very very slim pickings on the overnight scans. Most of these are leftover tickers from the last few days, all are starting to fade, but not sure if any are that solid setup for big cracks.
Good fade on AVXL yesterday, overall a good day though slow.
I had already thought about it yesterday, but seeing the crazy moves this morning has sealed the deal for me. I’m not trading today, while I know tons of money will be made on these stocks today, lots will be lost as well. My style is more of “grinder” and not a gambler. Couple times I thought, “Hey I’ll just buy 100 shares of KBIO “for the hell of it”. Then I think “Wait it could drop $10 a share in 10 seconds, am I really willing to risk $1K over some stupid guess.” And the answer is “No”.
I have said it for years on the day after Thanksgiving (of course I’m not the first to say this) but totally random shit happens. And this may be the most random of fucking random Black Fridays of all time with this Shrekli lunatic and KBIO.
I wish you all the best and will be back on Monday to see who is left alive 🙂
Just remember if you are trading $KBIO, this evil little creature is your competition.
Great day yesterday! Traded my plan across the board and was done by noon. Other than entering mid day even my loser was a solid trade. Feel like I’m reaching a little on some of these setups today. I also need to leave this afternoon. Two back to back good days so I will focus on letting things come to me. Plus trading a lot of tickers the last couple days I don’t like that habit. Going to really force myself to be selective today, especially since I’m not in love with anything.
Pacific Biosciences of California, Inc. (PACB) -NasdaqGS
Gasp! Of course $PACB is on the list, I had the idea (credit @investorslive) to go long a couple days ago instead of fighting short. Never took it. I’m not going to be a hero on this short, highly doubt I trade it today, just watching for some crazy and I mean CRAZY move up. Otherwise solely on watch to keep an eye for backside.
Target: Huge move up, $9.00+
Republic Airways Holdings Inc. (RJET) -NasdaqGS
Not sure if I fully understand the news and how bad it is. I won’t chase but looking for pops to short.
Target: $6.20-$6.30
Can-Fite BioPharma Ltd. (CANF) -NYSE MKT
Had this on “backburner” watch forever it seems, every time it spikes I have alerts go off, but never enter. Watching for more spikes.
Target: $5.00+ with stop on $5.50
SunEdison, Inc. (SUNE) -NYSE
If you have visited this blog anytime in the last two months, I’m pretty sure you know the plan on $SUNE.
Target: $10.00
Advaxis, Inc. (ADXS) -NasdaqCM
I’m probably a little too biased but thinking this is total short squeeze, it will give it all back, but there will be spikes in between now and then. I want no pain from it, so I will short “squeeze em out” pain moves.
Target: Not sure on a price, will be watching for a para type move, the kind of move we all capitulate on and cover in anger. This could grind all day then hit that move. Will only short a BIG candle.
Bonanza Creek Energy, Inc. (BCEI) -NYSE
Stone Energy Corp. (SGY) -NYSE
Shitty energy plays, tied to oil, both NYSE, meh. I’ll watch/trade these only if there is nothing else. Basically if oil eats shit, they will eat shit, if oil holds up, they will hold up. What do I know about the movement of oil? Hmm how about absolutely nothing….
Extreme lack of trading volume the end of last week. But again nothing ever felt that great. I think I’m “jonesing” to make a trade at this point, so I will enforce smaller entry sizes. Have all day to trade today so in no rush.
Pacific Biosciences of California, Inc. (PACB) -NasdaqGS
Gapping a little in pre, hoping for a big move to start into. If it grinds will attempt a HOD reject play in the afternoon.
Target: Para on $7. Otherwise afternoon fade with HOD as stop.
Republic Airways Holdings Inc. (RJET) -NasdaqGS
Glad I avoided this Thur/Fri, would have been painfully annoying watching it. Same plan as last week, hoping for a spike to get all the shorts out from last week then the fade.
Target: $6.20-$6.50
Can-Fite BioPharma Ltd. (CANF) -NYSE MKT
Backside is officially in, well probably was in a couple days ago. Short pops towards $4.00
Target: $3.90’s – $4.00
Xenoport, Inc. (XNPT) -NasdaqGS
Looking to short pops with last weeks highs as a stop.
Target: $4.60’s – $4.70s stop on $5.00
Bonanza Creek Energy, Inc. (BCEI) -NYSE
Random ticker I picked up off of Twitter. Hoping it gets crazy $6+
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.
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.
Target: $6.00+
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.
Watchlist yesterday nailed everything, of course its easy to be right as a short seller when the market cracks down hard and small cap bio’s get wrecked. Pretty slow and lean on the scans today. Just went through days worth of watchlists and EVERYTHING is beat down.
Up a little pre market, ideally runs a little for a short mid day.
Target: $4.60’s
Clean Coal Technologies, Inc. (CCTC) -Other OTC
Still grinding up, easy to get biased on a total POS like this, but I have no real way to set a stop at this point. Hoping it pops to squeeze out shorts and set a risk.
Target: I have an alert in the $1.20’s will ignore until that goes off. Then readjust.
Republic Airways Holdings Inc. (RJET) -NasdaqGS
Everybody hates this and loves shorting it. I interpret this news as pretty solid. I’m sure they will end up screwing it up long term, but right now, I see shorts getting squeezed and bagholders buying more based on this union deal.
Target: Look to get long. Around $5.50 stop on $5.00
Turtle Beach Corporation (HEAR) -NasdaqGM
Big name analyst upgrades and price targets. Smart play is probably to go long. But I just can’t believe in this one. On the flip side its not up enough to make it that interesting as a short.
Target: Basically just a watch to see if it can get crazy. Even if it does today I’ll probably ignore. Hoping to short the backside of a big parabolic. But I doubt it even does much, probably 20 cents one way or the other.
I like this list, going to ease into things today, took some time off end of last week to work on other projects. So the standard for me is to watch a lot early and look for late day fades. May trade pre market movers, but this list is basically all waiting for pops.
