Going to take it easy today, I’ll only trade prime setups. Plan on taking off at noon, I’d also like to take the time this morning to review another chapter of Tim Grittani’s DVD, Trading Tickers.
Today’s List: Full list from Yahoo Finance
Voltari Corporation (VLTC) -NasdaqCM
Very crowded short and day before thanksgiving, I’d like to short it, but its gotta get real crazy for me to get interested.
Good lesson here, I didnt cover the wash yesterday because I “wanted more” ended up letting it grind back to around even after having a nice profit. BUT I covered according to my plan, what happened a few minutes later, it spiked hard into a “hit piece”. Then the other rule I follow is NEVER HOLD A LOW FLOATER SHORT OVERNIGHT. This one is iron clad, and saved me all kinds of stress.
Looking for this to squeeze out everyone that does not follow that rule and comes in this morning, sees it at $11-12 and pukes onto their laptop.
Straight Path Communications Inc. (STRP) -NYSE MKT
I’m no “buy the bounce” guy, but this is sooo beat down, relatively low float and it’s the day before Thanksgiving. Will watch.
Target: Pullbacks to $8’s
SunEdison, Inc. (SUNE) -NYSE
Traded this ok in hindsight yesterday. As of yesterday I thought I really botched it, after hours big spike. But its weak today. I’m still long bias though.
Target: Pullbacks to $3.50’s
Prima Biomed Ltd. (PBMD) -NasdaqGM
Watching the breakout, but only on volume.
Target: Breakout over $1.40