Hi all, good afternoon, it is 1pm here in the Netherlands and the sun is shining. Recap of yesterdays trading.. the only trade I made was on ACRX and made a nice USD 150 profit. Lucky enough I found (plenty) of shares to short on SNGX, which looks like a pump and dump. So I got on at 2.90 and hope for the best!
Watchlist July 18, 2017
ACRX, HTGM and CNBX... I am looking for a nice catayst these days, because I am short selling penny stocks more then I have normally done.
HTGM has a nice chart, compared to the others and has a history of spiking hard. With some nice volume, this could run quickly. I will jump in at USD 3.00 (even pre-market) if the chart is the same as yesterday and I am expecting to run at least around 3,30 at opening.
ACRX changed CEO, which is an OK catayst. Not interesting at all. The price action and chart are garbage, so no points to gain on that. I will look to go long on 3,50 and sell at 3,85 for a nice 10% or 35 cents gain. I do not expect this to run very hard.
CNBX, pink sheet garbage, had a nice run on a final agreement. Love contract winners. Should have gone long overnight on this beast, but I am worried it will not hold.
As I said before, I am into short selling right now. With all these thinly traded low float garbage running 100%+ it is hard to ignore this. But with great gains, come high risk. I could smoke my account. I am prepared for this, as I was prepared with SPEX. It is like a gamble in some way. But I have not seen any recent P&Ds that held their gains (TEUM, YUMA) and I am expecting SGNX to drop a little today as well. I might dip buy this tomorrow on (what I call) the sympathy jump. where a stock that crashes after a P&D and recovers a little. Always nice for a little bit of cash.