RNVA - Received the alert from my stock scanner when this stock saw some heavy volume. I started watching it around 0.68, soon after it started breaking out. Closed today with volume in the six figures. Based off of their SEC filings they presented at the Pioneers 2016 Conference today May 5th. I also found that based on their Form 8-K filed April,29,2016 that they received a delisting or failure to satisfy a continued listing rule by Nasdaq. They have until June,10,2016 to prepare and submit a plan outlined to the Nasdaq on how they intend to meet compliance. I have a feeling this stock can possibly start seeking promotion to regain listing. The stock closed at 0.7497, I will watch this tomorrow morning for a potential morning spike.
SYNC - This earnings winner had a huge gap open this morning, went from 1.42 to 3.81 overnight. It hit a high of around 3.98 within the first minute of the opening bell and then saw some selling off back to the low 3.00's. The stock finally held strong support at around the 3.30 level and so this is when I thought it would be a perfect dip buy opportunity but didn't pull the trigger. During the power hour it ripped again having a high of 3.86 and finally closed at 3.64 . Ive gotten burned way too much chasing so I'm just gonna watch this stock to see what it does tomorrow. I doubt I'll take a position and simply just want to learn from it.
I think the best idea you've got here is to just watch SYNC and learn from it. I've also learned a lot about not chasing(the hard way) and if a stock has moved outside of your trading plan just sit back and watch it.
@Rollingball Your 100% right, ive been getting crushed because I've been buying speculative stocks hoping they move. Even knowing that hope is not a strategy. But I think even if you didn't pull the trigger, just sitting on the sidelines watching these earnings winners like SYNC in action are perfect ways to a feeling of the market.
@SHOdMONI exactly! Well said
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