The past three days I have gotten 12 hours of sleep total, no excuses. Looking for obvious plays or I won’t trade today.
1 Day Trade until Thursday
-URRE making moves AH, closed well. No news?
LRSV- pump?
MAGS- 6.20-7.45, just released earnings yesterday.
CBMX- 3-3.50+, 2M float, 10% short, conditional approval by NY health department
ORIG- 73M float, 15% short @ ratio 5. Looks ready to go from 1.80-2.25. News of an OPEC meeting and they are scheduled to release earnings after the close today.
HHS- looks set for $2-2.50. 47M float. PR yesterday about their Trillium business being a leader, today news that they sold it.
LEI- 1.50-$2, 7.5M float 5% short, no current news, possible oil sympathy
CRR- Gap fill 7.70-$10, 22M float, 25% short @ ratio 7, no news, possibly oil sympathy.
I was also watching $URRE for a play this morning but didnt pan out ... Bought FNMA though @ $3.78 and sold @ $3.91 ... Not a good float at all but had excellent pre-market price action that I could not ignore :)
@LivingLarge88 nice one! I didn't see that one, looks like it closed well too. I only used finviz on days like today when I'm not 100% focused. It's less risky/easier to do than digging into OTC's.
Just looked at the float on Yahoo, says shares outstanding is 1.16B even though float is 5.74B lol. I'm too OCD about things like that, it puts me off. But nevertheless, price action is king.
Rightfully so ... I didnt like the float either but the price action pre-market plus the fact that financials are also hot right now made this a buy for me and I am glad it paid off :)
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