$GSMO is an earnings and contract winner that has had two nice green days back to back. It has held its gains really well and closed near its highs both days. I will not be chasing this but I am looking for a nice big dip at the market open. There were a lot of buyers at the market close on Friday at around $8.20, so if it crack $8 it might just create a nice panic. There is a lot of support at 7.75 and 7.50. Entry price is 7.60 with a 15 cent risk. Looking to sell at $8. Pattern here is dip buying an earnings and contract winner.
$GSAT was volatile on Friday because of a buyout rumor, and this creates a lot of hype for this stock. As we know, hype can definitely make a penny stock spike. I am looking to dip this at $2 and use multi week support $1.90 as my risk level. Looking to sell this into the 2.30s.
$IDXG is up Friday after hours because of anticipation of earnings on Monday. This is a low float and low market cap play, and it has a history of going supernova. No play for me now because I need to see its reaction to earnings tomorrow premarket and market hours. Based on the price action, I will decide my plan on this play.