LPTN (long/short)
former runner
huge grant received today from the government for 1.45 million, company is only worth 7M also.
mega low float
almost 10m volume today, with an avg. volume of near 63k
up trending a bit after hours, nice support line at 3.08 on the Daily chart. For me, the stock has to stay above that level convincingly for me to be interested in buying it, although there is also some support in the 2.80’s
keep in mind though that the stock closed red today, although it’s still up 44%, that meaning that the closing price is below the opening price. This has cracked twice today & don’t know what’s going to happen to it tomorrow.
will be watching that 3.08 level & if it fails and even cracks the lod, i’ll maybe short.
GBIM (short)
first red day, already down a ton & panicked nicely today at the open so I don’t think I’d play it. Will just watch it though to see if it panics any more. lots of selling into the close as every little spike got sold into today. I think it could get to the low 2’s and maybe I’d be interested in it but it’s gotta take out the lod and also 2.17 first.
AMD (short)
another stock that panicked today, first red day. gapped up today premarket on news from friday about a price upgrade/price target revision.
failed to hold gains though. triple bottomed and closed at 5.10 so I’d like to see that key level fail to hold. 5.02 is also another key level i’ll be looking at which was the target of the first pullback from friday, where’d it had based for a few minutes. If it passed that level i’d look to short and cover somewhere in the high 4.70’s hoping for a 30-40 cent gain.
91M shares short out of 600M in the float. Not sure if it’ll keep running up which it looks like it is after hours, but if it continues, a squeeze could possibly occur?
NVCN (long/short)
terrible, shitty beaten down company that just dropped tremendously recently due to an investigation case, although they did release “positive results” today. this company has 2 products and one of them is not even available for purchase, which is still being used in testing & the other one is only should in Europe.
first red day as it downtrended nicely throughout the day after the morning spike was quickly sold into, although it rebounded nicely off of that low. cracked again near the eod as it couldn’t hold the .90’s level.
currently at .89 after hours which is great support from yesterday. I don’t necessarily think that it’ll morning spike, but I’d think about shorting it or even dip buying it if I can buy in the mid .70’s-.8’s if support can hold.
cracking .74 could be a huge momentum shift! (support from yesterday)
Join now or log in to leave a comment