Saw CYCN up on that an insider bought at 3.28 and an instutional buyer at 3.12. It spiked to the 3.70s in the premarket and shorted it on this weak news as I didn't want to be aggressive on anything while I'm traveling and visiting my mom. Up 1k on the day, not bad- now gonna head to the mall with my mom.
AYTU was up on a cancellation of an ATM, however it still had tons of dilution in the filings. It spiked pretty hard in the early premarket and squeezed out some shorts and most shares were taken on IB. Later on like 50k shares showed up in the inventory, but I was already using significant buying power on CYCN. Oh well, next time. Good trade though, need better patience.
This was my intraday stab at NEXT. I know going into intraday volatility that I have to cut things faster than in premarket, since the pool of competition includes traders and other players that are way better than me. I sized in on this reshort as it was beginning to confirm, but then it started to hold up and I wanted no part of it anymore. I cut it cleanly and now done for the day. Good trade.
I took a few scalps on this short while I waited for the drop that never happened. It was an analyst upgrade up from the afterhours from the day before. The float has been diluted recently quite a bit and I saw it as a pretty safe trade in the premarket and in the morning as I'm trading while traveling and don't want to be putting on too much risk.
Saw GLMD up from Friday early in the premarket, however I didn't like that it was not up that much and also on Friday it was marching up on low vol. It's an Israeli stock, so it was probably being manipulated with no news. I took it short on a slight squeeze since it sped up and went up too fast. I rode it down for a decent profit and decided to leave it alone after that. Good trade.
Saw KNDI up on some "Traders circulating article" news and shorted it intraday to get some practice on a high conviction trade. It ended up dropping further. Moving forward anytime I see "Traders circulating article" catalyst, it is a short, barring something crazy of course. Good trade.
Saw QK up on nothing. It's Chinese and was up from .97 in 2 days to 2.20. The premarket 4am spike from 1.60 to 2.20 indicated to me that it was a nasty low volume short squeeze and ripe to short. The price was low, so I had to go in with bigger size than usual. I decided to flip the shares and cycle a bit to milk the profits and attack it again in the open when over VWAP. Good trade.
I quickly glanced over for news and found none. The first thought I had was that it was a margin call, I covered the at the first major drop and shorted again. It looked like the Chinese were running/walking it up on low volume and then looking to dump into liquidity which is what happened. I shorted it a few other times for one nice gain and another small one. Good trade and nice to get one of these in premarket again.
Reshorted this vwap bounce small size. Should have and next time will go bigger on this premarket high conviction trade instead of messing with high volume BS like OEG which algos screwed me on. Good trade here and need to focus on what has gotten me this far as I develop other trading skills while I'm in Puerto Rico learning and expanding my horizons.
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