GERN |
SHORT MORNING SPIKE, WATCH RETESTS OF $4.50 |
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$4.35 |
28.8% |
26M VOL |
9 RVOL |
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+0.97 |
158M FLOAT |
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COMMENTS |
- GAP AND SPIKE FOLLOWING LUKEWARM EARNINGS (Q4 LOSS, Y/Y WIN) AND YET THE STOCK FINISHED +30% - WORTH BEING READY TO SHORT, ESPECIALLY IN CASE OF A FAILED MORNING RETEST OF $4.50
THESIS FOR A PLAY: SHORT FAILED RETEST OF $4.50
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RISK LEVEL |
PREV SUPPORT OF $4.00 |
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NFEC |
DIP BUY MASSIVE PANIC (TO $1.10) / SHORT MASSIVE SPIKE (TO ($ 2.50) |
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$6.40 |
90.2% |
17.3M VOL |
18 RVOL (!) |
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+0.92 |
3.7M FLOAT |
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COMMENTS |
- AFTER MORE THAN TRIPLING IN A DAY IT CLOSED WITH 90% GAINS - A $2.5M CONTRACT FOR A 13M COMPANY IS SIGNIFICANT AND IT MIGHT INSPIRE SOME SECOND DAY INTEREST IN THIS STOCK ALONGSIDE BEING VISIBLE ON ALL THE % SCANNERS - WORTH LOOKING FOR A CONTRARIAN MORNING MOVE: - IF IT FAILS A MORNING SPIKE IT COULD SET SOME PANIC - IF IT PANICS IN THE MORNING IT COULD BE A GOOD BUY (AFTER ALL THIS IS STILL A MEANINGFUL CONTRACT) - IF THERE IS NO RADICAL MOVE STAY ON THE SIDELINES
THESIS: PLAY ONLY IF IT MOVES SHARPLY - SHORT A SPIKE FAILING EARLY OR DIP BUY AN EXCESSIVE PANIC |
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RISK LEVEL |
GREEN-TO-RED / $2.50 RESISTANCE |
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