$LGCY – Hoping for rush to $3.50’s for SS risk against last week’s highs.
$MITK – Let it run, then fade under $8.00
$SYNC – Short bias but later, ideally really squeezes early shorts.
$UNXL – Want it, but much higher, thinking if it fails it could just sit in the $2.50’s so I want more meat on the bone.
$RYAM – Would like to get more out of this than I did yesterday, but been to see how it trades and if there is any volume. May just be a non play.
Today’s Watchlist
Another solid all day hold yesterday, nothing great but solid trade. Annoying that I had planned to hold right up until the close but had to leave early. Of course the stock cracked right after I left oh well.
Today’s List: Full list from Yahoo Finance
Paragon Shipping Inc. (PRGN) -NasdaqCM
Choppy, nothing interesting to me yesterday still waiting for a REAL short squeeze, otherwise I’ll ignore.
Synacor, Inc. (SYNC) -NasdaqGM
Not really sure on the news, up huge after hours, will reassess after the open. I’m short bias because this is a longtime POS, but I don’t have any sort of plan until I see it trade today.
Mitek Systems, Inc. (MITK) -NasdaqCM
Looking to short a fade under $8, with stop at $8ish.
Legacy Reserves LP (LGCY) -NasdaqGS
Up big on earnings release, though at a cursory look earnings are bad, watching for this to run then fade back.
Eleven Biotherapeutics, Inc. (EBIO) -NasdaqGM
Hoping for one more pop to get short into. $1.30’s-$1.40’s
Grow Condos, Inc. (GRWC) -Other OTC
This showed up on scans for several days but I basically ignored it. First red day yesterday that I missed, will watch closely for a fade/crack.
Rayonier Advanced Materials Inc. (RYAM) -NYSE
Only covered this because I had to leave, in hindsight probably would have been a very solid swing short, but I wanted to book gains and not have to think about it overnight. Will watch pops or fades under $13.00.
Today’s Watchlist
Solid day yesterday, had good gains on WTW so let GMCR take me for a little ride. Not sure why but I had a lot of confidence in GMCR. Though in the end the trade was TERRIBLE risk to reward I made a nice profit. Funny thing is it’s so obvious when you let a trade beat you up, you get scared to add at the right time and then cover the INSTANT you are green. My cover was minutes before an even bigger crack… Oh well. Green is green, though the process was flawed.
Lot’s of biotech’s I’ll be EXTRA cautious on these until the KBIO madness runs out of steam.
Today’s List: Full list from Yahoo Finance
Eros International Plc (EROS) -NYSE
Kind of annoyed staring at GMCR kept me out of this yesterday. But the spike was pretty late in the day, and again considering the madness of KBIO, there was no way I was going to short something at 3PM and hold it over. Ideally a spike today.
Target: $10.25-$10.50 risk on $11
Weight Watchers International, Inc. (WTW) -NYSE
Same drill, watch for spikes.
Target: $27, risk on $27.50
Anavex Life Sciences Corp. (AVXL) -NasdaqCM
Decent setup yesterday, but I was trading WTW.
Target: $6.50
ZIOPHARM Oncology, Inc. (ZIOP) -NasdaqCM
I was locked on this as well yesterday but never pulled the trigger.
Target: $13.50
Harvard Apparatus Regenerative Technology, Inc. (HART) -NasdaqCM
Getting close to ignore, this probably ends up a solid short, it will drop 20% plus at some point, but when and how who knows. I just don’t like it at $2, want it way higher.
Mitek Systems, Inc. (MITK) -NasdaqCM
Watching, no real target, hoping for a big move to get short.
Pacific Biosciences of California, Inc. (PACB) -NasdaqGS
Strong biotech chart, will watch but be extra cautious.
Today’s Watchlist
I was out all day yesterday and not much interesting on scan. I’ll be cautiously easing back into the day. In no rush to make a trade.
Today’s List: Full list from Yahoo Finance
Very pleased with my call of $PPHM, though I didn’t play it. Just when I was whining about lack of setups, I could have been trading this one for very nice profits! Gotta stay in the game.
Another boring list, all potential shorts.
