Watch List for 12.3.019
By Madbash
ARWR 95m.f., Arrowhead is a California based Bio Pharma ticker with a similar supernova pattern to the other big Bio Runners. I took a nice short yesterday when this failed to hold green. I am still holding 50 shares short from the 65 range, so this ticker is my main focus for the morning. There was an offering announced yesterday after the bell, so there is a chance the pricing could be very favorable to the company, so I will keep my position small. Ideally we will get further panic through support @ 60, but if this is ready to bounce I will cut the trade. 850k shares available
CLVS 53m.f. Clovis Oncology is a Boulder Based BIO Pharma ticker that has run about 250% over the last few weeks. Clovis has really whipsawed a lot of Longs and Shorts alike. There are no shares to short, so I am just watching as this ticker exhibits “Bonkers” Volatility. Zero Shares Available
AKBA 117m.f., Akebia is an Massachusetts based Bio Pharma ticker that has had a big run along with the other Bio Mania plays. This ticker is acting a lot like Arrowhead, so I would not be surprised to see them bounce in unison. Once I cover my current ARWR position I will be watching AKBA for a #5 bounce to short. 1.5m shares available
AXSM 134.5m.f., Axsome is a N.Y. based Bio Pharma Ticker that has been making new all-time highs and has been grinding up close to 150% since it’s last significant pull back. I am watching it for an O.G.D. play, but this would have to be a swing type position based on the daily chart. The O.G.D. play does not apply now that Asxome has some positive news about their narcolepsy drug. It is up almost 20% in the p/m., and looks to go further. There are 180k shares available, but I will likely just be watching this one.
DTIL 45m.f., Precision is an N.C. based Bio Pharma ticker with a similar supernova pattern to the other big Bio Runners. This ticker is a little further along in the Framework Pattern, so I would watch for 1 more red day followed by a couple green days that may offer a S.I.R. play. There are currently 150k shares available.
PTON 280m.f., Peleton is an N.Y. based Leisure ticker that had its IPO recently. Some folks may have gotten faked into a short as this has had a big run, and went red yesterday before grinding back and making new all-time highs. When an IPO is successful, there is absolutely no reason to stalk a short even if the chart is tempting. 1st Red Day plays are more for terribly overextend Junk Tickers, not legit companies. I am just watching to see how she acts and how high she goes. 87k shares available
AMZN, AAPL, SPY, QQQ, DIA, MDY, IWM, The markets look to be opening red again today. This correction is healthy, and it helps me with my current short position!
I am ready to consider taking trades, but I really want to be disciplined in my executions. This means having a watch list every day, and writing down & sticking to my plans. Alexander Elder said it best with this quote. “If you let the market make you feel high or low, you will lose money” With that in mind I will do my best to follow my plans and not let Elation, Fear, or Greed influence my decisions.
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