Having watched it for weeks, this is not a short for me until after May 1st earnings, and only when it starts to drop under $8. Until then, it's been a 100% do not short -yet- stock because of the unreal price action. Too many shorts are trying to catch the dips and while that can be profitable if you're fast, it's also been resulting in a lot of squeezes.
Patterns don't mean anything anymore on this type of runner, as it has had 2 "would be red days" that ended up reversing so strong 4/18 & 4/19, so it was obvious to me to not short anymore. Even if it ends red today by chance, still not a first red day short since it's just up too much, and too many are still getting squeezed. I'm waiting myself even though it's hard to miss out on the volatile moves.
i would suggest simply short on the 2nd or 3rd day (go watch michael hudson interview he talks about this too)
2 or 3 RED day naturally :)
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i just answered my own question yeah it is lol
yes interesting way of setting up a pumper program. it looks like a legit business on the outside. good design.
im gonna set up a trial account and try to get some inside info. possible shorts
OLMM is up on being pumped by equity mark and also on a contact agreement. the farther i look into both companies the more dogshit the company looks. definitely looking to short this one
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I'm thinking of selling my 400 shares pre market and take 15-20 ct profits.. I'm scared for a morning panic. Your opinion????
@SFKrystal True, But always good to hear others opinion/statements and eventually learn from each other, right ? :D
did you end up selling these shares after hours yesterday when it was in the 4.40s?
I had an overnight position but sold it AH when they announced public offering. Now it looks like it's posed for another run...From hindsight, wish I held
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They will more than likely do an offering but if you got in at 3.12 you need to scale out as it moves up to bank something along the way.
i think it's at $3 now after an S-3 filing hit in after hours. my recommendation is anytime you have almost a 33% profit then take 50% to 75% of your shares off and bank the profit.
let the other remaining percentage run - if it cracks down, it has to really crash hard to wipe out your profit. if it runs up another 100% you still have a killer gain. i see giys in investors undgd doing this, roland does it.
take profits along the way - bank meat of move - never know the news before announced - bank it!
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ZX I believe is still an opportunity for another pop tomorrow AM. Took overnight trade @ $2.09 after hours.
Good luck
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Etrade can sometimes have borrows, but you need a minimum of $2k + the trading fees (so, let's call it $2025) to short according to their customer rep. My account this morning was at 1999.75. I couldn't short because I was short a quarter. LOL.
E*Trade is what I use, they are usually pretty good about having shares for listed stocks. However, they wont let you short any ticker that is less than 1$/share. They also have some available margin requirement if you are trying to short any ticker below 3$/share. Good luck!
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what you are seeing is profit taking IMHO - you see this alot on the big gainers - but this is not a good pattern to short into IMO - it doesnt give any indications on that its just that some take out profits before the day ends..
Wouldn't you think there would be a morning spike the next day? Or am I not thinking along the lines I should be?
What's IMHO ROOKIE INQUIRY
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Id love to know as well!
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This is the play I'm running today. I wait to see if there's any volume, then buy on the first dip. Got in on CLSN @2.40, holding on till the EOD where i will decide if I want to try overnight like I did with $ECYT. I don't think there's a huge $3 overnight swing, but it is a good test to see if these are good overnight longs for those of us with PDT restrictions.
Congrats! Damn, u got a real nice return!
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@Turbobob Would you be long/short on an overextended play with great news? MRTX today released PR regarding positive cancer treatment trials, but it is has been so heavily bought today
@Turbobob What is your opinion on Claytrader?
@Turbobob Hi bob, I read a SEC filing regarding a reverse split for CERU that will happen on July 19th. Should I just buy some shares on the 18th then?
@Turbobob Opinion on MRLDF? Would you hold it overnight?
@Turbobob do you think SHIP will be a good long position overnight? If you compare SHIP and YGE charts on finviz they're pretty similar
It was but how would you have known it would come off so hard.
I didn't. Just checked out top losers section in Finviz. Maybe experiment with some short selling by paper trading.
I'm just asking if you think if it can drop even more tomorrow? You have a lot experience in it so I was wondering
too tough to call.
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@auhanleng just became a fully transparent trader today!
Definitely one to watch, sometimes it takes time for news to set in but good news isnt always good for the stock
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