Sooo many messy charts today, I had a couple shorts yesterday but let them both grind me out. Basically they just followed the market, edged up all day. Everything on scan is choppy and seems to be sitting right at breakouts. Though 99% of them will fail to breakout, it’s tough to really pick some to focus on.
Today’s List: Full list from Yahoo Finance
Anavex Life Sciences Corp. (AVXL) -NasdaqCM
Of course this is on watch, but I just keep staying away till the backside. Of course it will probably collapse 50% out of nowhere, but I’ll keep waiting for true fading or possible a wicked squeeze out.
Exact Sciences Corporation (EXAS) -NasdaqCM
Thought about this several times yesterday, but as mentioned above I recognized it was in “grind” mode and stayed away. Nice rush into the close.
Target: $10+ for a starter.
VirtualScopics Inc. (VSCP) -NasdaqCM
Low float kept hugging red to green so I tried it long yesterday, lost like $50 bucks. Now that we are on to day 3 I’m short bias.
Target: High $4’s
Amicus Therapeutics, Inc. (FOLD) -NasdaqGM
Another grinder, but looking for $9+ for entry.
Cytokinetics, Incorporated (CYTK) -NasdaqCM
Target: Pop’s over $11 or fading later today.
Eros International Plc (EROS) -NYSE
A loser yesterday, should have recognize the ABCD type grinding sooner, I waited till the afternoon to cut it. Need to be quicker when they edge up like that, my size was small so not the end of the world, just annoying.
Target: Big pop’s, thought this would collapse on the further bashing by Citron, but looks like maybe its down as far as its going to go.