BNGO NASDAQ(Morning Spike)
Mkt Cap 24.08M
Shares 10M
Float 5M
Super choppy price action slow grinder BNGO. Great short set up towards the end of the day. I'm guessing there were a lot of bag holders from Wednesday during all those halts, making this stock so choppy on the way up and a nice ride on the way down. Honestly, I probably shouldn't have been playing it long.
However, wanted to get some practice in with dip buys on these low float runners. Also, wanted to practice holding and sizing in on my longs, but the price action was just so choppy, I didn't want to risk holding too long, so after my 6-7%, I just sold.
So, nothing too special. I do want to track the spike though. Low float/Cap former runner with news couple days ago. It wasn't up TOO much premarket, so buyers were probably still interested in making more gains and not just selling off at open. It did have spike right at market open after gapping up 40% or so and consolidating premarket. Dipped just before market open and spiked 20% before consolidating and spiking more. This one's going on the stat sheet. Will be on watch for Monday for another short set up. I'm not shorting yet, but studying the set ups and patterns for now.
BIMI NASDAQ(Morning Spike)(Parabolic short)
MKT Cap 44.40M
Shares 8M
Float 1.8M
This one also went parabolic in the morning(3rd straight day) after gap up from previous day, but very little volume premarket on the last 2 spikes including today. Spikes on the 3 days on avg 25% or so. Would've been a great short set up seeing how there's so many bag holders from the 14th when the stock dumped. Any parabolic or spike would come crashing down due to bag holders and short sellers. So I'm actually not as interested in this set up from the long side as much as I am from the short side because IMO it's easier to predict the crash than the spike premarket. Maybe it'll give another spike on Monday in which case I'll consider the short.
DERM NASDAQ(Midday Perk?)
Mkt Cap 391.66M
Shares 54M
Float 45M
NOT micro cap/float. Want to track it though as the pattern fits the midday perk pattern. Spike in the morning and holds half it's gains. Didn't perk into the afternoon. No volume. 1st green day runner with news though. BUT it's also a biotech. Want to see what it does on Monday.
Other than that, same ol stocks on watch. OTCs seem to have cooled down a bit this week. . .
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