Whats up guys hope you had a nice day yesterday and finished as fast as I did. PTGX 500 shares half the position I was planing to have, spiked in the first candle 3 dollars. I caught about 1.5$ per share so around 700 in 1minute and 28 sec. Very easy and nice play. Stuck around for some more time watched deck and still holding the 100 shares of it, and got in on a nice avg in AMD for a long and a range break anticipation. In general was done after those 2 mins but stuck around just watched what was going on for half an hour more and than left. Very nice day :) :) fast one to....
CBIO- Former runner gaping up a bit on news. Could potentially get some action today. Now this is a very low floater so two specific plays on it like usual. Either a para morning move than give back some or failed spike and just fade of the rest of the day. On this one volume is crucial. If it has a huge spike in volume at open at least 2 or 3 times as big as the PM candles than it might go, if not it might just sit back. So be very cautious with this one.
AMD- Still have 1k long from yesterday, very liquid and low range stock. Now It is on a very nice uptrend last couple days and is showing that it wants to go up and test the 11.5$ and if that breaks 12 is certain in days if not hours. Now my avg is 11.06 so looking to risk max to just under 10.80 so about 25-30 cents for a potential at least 50 cent profit target if not more. So its at least 2-1 r/r which is decent. So hoping for a nice continuation and short term breakout above the 11.30 for a test of 11.5 or 12$ which are the PT's.
ETRM- The fake out stock from last week. I am looking for a similar play and thats a failed morning spike into 6.50 or 6$ for a nice short scalp. Fast trade, reactive trade and do not get to biased. Set risk and act accordingly on it. If by some chance breaks 6.50 just leave it and take the loss. PT 5.50 -5$
JILL- very nice earnings and good outlook for upcoming Q. Of course it is gaping up a nice but just over 13%. Would love for a wash to 12.50 to enter but not a to big position size because it is very i-liquid. Would scale into max 1k shares on this not more. Would love to have an avg of as close as possible to 12$ for a nice run today on strong earnings. If it gets going test it with starter and see what happens, add accordingly if its going good. PT 13-13.5$
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/CL pretty much like I said looking toppy and yesterday tried to spike but no energy not big green candles some grind but gave it all back. Now again down-trending on the intraday chart really nicely. 49-49.20 is the place to be shorting now in my opinion and possible 2-1 if not 3-1 r/r on the trade at about 30-40 cent risk. Very nice provider of opportunity if you study its moves. Tomorrow are the inventories so they are the ones that can only save the price if not, we see 46 soon.