Watchlist - 10/04/2017

Selecting Stocks and Analysis


I’m making this watchlist a little early since I took a nap midday and am still awake. I’ll add more to the list when it gets closer to the market open.

$AMD

Big move yesterday. I’m curious as to what it does today. The news that supposedly spiked it doesn’t seem that important to me. It’s downtrending premarket and is getting close to $13.30 support. Possible short off the prior close price ($13.42) if it spikes.

Float: 940.29M
Short: 16.82%

$CLSN

Monster move yesterday that continued through after hours reaching a high of $7.01. Just insane. I’m not sure why I didn’t get in at $2.90 or the $3.00 break. It’s crashing pretty hard during premarket now. I’m not sure I’d feel comfortable dip buying. I like there to be a quick panic at the open then a strong bounce. When it sells off in a big way it’s usually not good. It could still bounce but it looks so awful.

Float: 7.32M
Short: 10.45%

$ECYT

Had a failed morning spike yesterday. The early dip seemed really choppy to me so I just watched it go by. IB had about 20K shares available after the drop into the $6.15 range. I just wasn’t sure about it so I didn’t take it.

It’s now tanking premarket and there are 300K+ shares available in IB. It is not looking good at the moment.

Float: 41.51M
Short: 2.49%

$MTBC

Spiked into the close yesterday on good news. Possible resistance at $4.00, $4.20, and $5.00.

Float: 5.48M
Short: 12.51%

$KOOL

Multiple dip buy opportunities yesterday near the open. It looks like there’s some support at $4.65 so possible dip buy in that area. Long term chart is awful. Major resistance at the $7.00 level.

Float: 3.15M
Short: 8.55%

$CAPR

Up again during premarket. It sold off 50c from the peak and is grinding back on low volume. Multiday breakout setup over $4.25.

Float: 11.29M
Short: 7.49%


Biotechs seem to be very hot lately and are making huge moves.

Watchlist Review (10:00 AM)

$AMD

I was right about shorting $AMD based off the prior close. It did break through it but then failed and wasn’t able to really spike more past it. I wanted to get in at $13.40 but I was too slow and so I just watched it drop. There was a nice dip buy opportunity at $13.15 but it was hard to tell if it was the bottom or a bear flag.

$CLSN

I heard there was an offering but I do not see any news in IB for it. Small spike then sideways.

$ECYT

Choppy spike at the open. I had the urge to short near $5.25 when it dropped but didn’t do it. It then bounced up to $5.36 which would have been a better short entry.

$MTBC

Squeezed after forming a doji at 9:32 AM. I witnessed the pullback at 9:40 AM and watched it get pulled up to $5.00 like a magnet. No idea why I didn’t get in when I saw it starting to move up at $4.90.

$KOOL

Was not watching this one. Not much volume so it would be difficult to trade.

$CAPR

Tiny spike then failed multiple times. No shares available in IB at the time.



Disclaimer

I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.