I missed Monday but what can I say, it’s been friggin’ BUSY in the markets. Whoever said sell in May and go away obviously hates making money because day after day there seems to be a brand new unicorn trade…or at least the beginning of a multi-day unicorn. Today I absolutely killed it with SPHS, which I entered on Friday and made sure to mention it in detail. Entry into this one was confirmed Friday afternoon after I had stalked the crap out of it for most of the day. My entry was a little high for that day but after holding into Tuesday, I have no complaints! Highs of $8.55…YES PLEASE and thanks to a nice liquid market, my average price on the exit was great at $8.17.
As far as the other Friday trades, CLNT topped out at $1.80 again Tuesday so I probably could have gotten out of it on Friday. I’m still content here with modest gains but out of the market there (for now). It’s gotten real choppy so until I can ID a consistent pattern, I’m gunna shy away…again…for now.
ZFGN I’m still long on and progress in the market isn’t as aggressive but I’m fine with that. I don’t need to monitory this one every second…more like every minute so the $2.99 entry isn’t doing too bad for me right now with ZFGN sitting around $3.10. My hope with this trade is that the gap down from a few weeks ago starts to fill and I feel like a news catalyst would be good here. The company focuses on obesity and has early Phase Trials going on.
As far as NFEC, NSPR, WHLR, or GDEE go, I missed the quick spike on NFEC and I’m happy I did because the stock consolidated for now and I’m watching to see if it goes any lower or back to that previous support it was trading at before the jump. NSPR was the same and honestly this one…just in my opinion…may not have a whole lot of percentage potential on a single day. The shares structure is pretty large including the float. If you look at a candlestick chart you will notice like I did, NSPR only moved from $0.1946 to about $0.22 the day it traded almost 16million shares. What could that mean? Well in my mind if it took that many shares to see just a small increase, how much will it really take to see the kind of gains I really want? But…I’ll keep it on watch for now. WHLR I need one more day to watch but the chart is really looking good in my opinion. It’s climbed steadily and no major red days to speak of (yet). GDEE, a previous promotion, is still trending at the bottom of its chart and if there is no promotion, organic market momentum could be something excited as a potential catalyst. Again..still on watch.
So What Else?
Well, today’s trades were VERY EXCITING and an old time long of mine is going bonkers right now. I entered at about $0.84 a few months back, exited the majority of my position late last month and ended up re-entering again at the beginning of this month. I took profit because I wanted to get some cash free in my account to make new trades but if I didn’t do that, my total position would be awesome right now. Either way I’m not unhappy whatsoever…What’s the symbol? EBIO of course and my @SobeDayTraders Instagram post shows exactly the entry.
When I have time, I’ll pretty up my posts and put em up on Instagram but lately the market’s been soo busy, I just haven’t had time…I will try to do better (my twitter is more active).
ALIM was another trade I went long on today. I probably should have sold the majority of my position but I’m taking a gamble on an overnight hold. The chart held itself together all afternoon so I’m hoping to see another leg to this climb. They just came off of a record second quarter and could have been the spark to this move today.
My only day trade today was also pretty amazing. KOOL was something I was looking at and probably should have gotten into yesterday afternoon but I just didn’t think it would hold the trend. “Listen to your Gut Small Cap!” Anyway, this morning I decided to tuck my nuts up and just go for it during the first hour and a half of the trading day. I pulled off a $4.75 entry and managed to grab a decent gain on a $6.16 exit from most of my position right when it started to pull-back the second time during the afternoon.
Most likely I’ll keep it on watch during the post market hours because even though it did consolidate this afternoon, I saw no real catalyst to this type of “All Day Move”…someone know something I don’t? So I may take another toe dip tomorrow and add to what I have left as a very small core…we’ll see. I like speculative plays but I also really like high risk 🙂
WGBS I may have been a bit pre-mature here but I ended up grabbing a small position right at a Buck this morning. It’s pulled back a little bit but overall I really like the daily chart on this. Volume is building and price is maintaining a bullish direction. The crazy part is that they haven’t had news in quite a long time so I’m wondering if anything is rumored here. If anyone has any spec on this one, leave something in the comments for me.
My shining star this week, however, has been INNV. I know you shouldn’t fall in love with stocks…and I’m not saying I do…but the chart and volume on this one have both been amazing. My entry was right at the open on Monday so my base is solid at $0.455 and I’ve only taken a small haircut from my position, taking profit on a quarter of my whole position when INNV hit $0.64. There’s a lot of speculation on the pending results of their FDA submission and from what I’ve seen they are supposed to find results sometime between here and September.
Either way, it could be exciting so I’ll most likely trade around my core until something out of the ordinary (research report, way above average volume, or something along those lines) happens. I’ve got a good core so I’m setting an initial stop at $0.54 (just in case I take my eyes off the screen and something happens). I also saw a promotion on it as well and it looks like whatever size of that network, it looks active so thanks for the awareness haha! I also shamelessly plugged the article from Friday because…why not pound the chest a little…It was a “Great F*cking Friday” lol.
Well, that’s all I have for now. Keep up the great work and everyone who’s sending me DM’s keep em coming. I’m all about interacting with everyone following along…AND REMEMBER:
Disclaimer: I’m not paid to advertise any of these companies and you should only take what I say for entertainment purposes only. If you are concerned about making money in the market DO NOT TAKE MY ADVICE. CONSULT A REGISTERED FINANCIAL ADVISOR for any trade or investment related actions. I’m not licensed and if I lose, I’m losing my own money. I am in no way responsible for anyone making their own mistakes. Also I may be buying and or selling during the time I mention these stocks.