Lots of great ideas from Jason in chat today. Yet I got BURNT on shorting RENN and trying bounce play on QTWW. Yes, it was a short bias per my watch list but I still trying to long it! Also RENN didn’t even on my watch list and I try to short/long it on bullish graph and got chopped. Tomorrow I’ll be focus on my watch list, Jason’s watch list and trade smaller size.
COOL
We bought this just before market close @$3.10 - $3.12. I bought only 1k shares @$3.11 because my trades on RENN and QTWW still scared me. I think this is a good entry here for us. As Jason said in chat, keep tight stop loss around $3.05 - $3.00. Key is $3.21 break.
ICGN
Afternoon tank from sell off provides some good range on this stock. I think this should be a good short play on pop since every pop follows by fading and/or tank.
The pattern is unpredictable, but I will look to short after pop fades and going g/r.
If this open very weak and fading, I will wait for the base above $5.5 then might be a good momentum buy on late afternoon squeeze.
ORS
Here is the low 4s that I am looking for. If this base here might perk and spike of the base then we’ll see big green candle. If $4 breakdown then we might see low $3s, so I am going to reserve some shares just in case.
ALAN
Straight idea from the scan on previous day. Can’t believe I have 2k shares reserved but miss the morning squeeze action because trying to play stupid RENN. I’m expecting same pattern again tomorrow for morning spike then fading all day.
CNR
Up 46% on no news. I assume that this could be a message board pump and front run on release of form 20-F on July 11th. I would wait for big pull back before entry just like back in March 30th.
CNIT
Don’t know if this also a front run on release of form 20-F. Bullish chart with real support at around $2.15. Might gap up pass $2.4 at open and run for a bit. This has potential to fill up the gap at $2.50s . So we are looking at around 10 – 15 cents up side, but I will be looking at parabolic action for short bias.
ADLR
Biotech stock breaking out to new high. Very bullish chart and has been on Seeking Alpha article on June 30th.
ESIC
Also breaking to new high and volume still strong. This might be tough to hold on this level. I will wait for a pull back for cups and handles pattern (eg. TNAV pattern). Also I would wait for pull back for an entry for intraday flip.
