I missed the dip buy on it yesterday. Now it feels like the run is over and is starting to fade off its highs.
- Corporate News Blog - MannKind Announces Afrezza Updates from FDA; Includes New Data on Rapid Onset of Activity and Effect Duration
Finally a gap down. After hours it tanked pretty hard but I wouldn’t be surprised if it squeezed some more. There are probably so many bag holders in the $30 range now. I have no plans to trade it. It’s just too scary.
Now touching the $14 range. It can still spike again since we’re close to earnings. After every single ER there is a gap down after a run up. I expect it to do the same again.
Nice run up yesterday after a dip. Clearly has some support near $5.30.
- Celsion Announces Final Clinical and Translational Research Data from its OVATION Study at the AACR Special Conference on Ovarian Cancer
Huge spike yesterday with multiple pullback opportunities. Not seeing any recent news except they are planning to present at Rodman & Renshaw (they do terrible financings).
Big gap up after hours then sold off. It’s curling up now. Possible resistance at $11.00.
Ran pretty big a few days ago on news. I don’t really trust it because every spike has failed - including the most recent one. It is up premarket so maybe it has bottomed.
- Cleantech Solutions International Enters into Exclusivity Agreement with 3D Discovery Co. Limited for Potential Acquisition and Development of Interactive Virtual Tour Mobile App
Pretty terrible long term chart. Resistance near $2.20 and $3.50.
Tried dip buying $INFI at $2.65 after I noticed it was starting to curl up (forming a cup). I didn’t get filled because it never dipped low enough. It spiked from $2.70 up to $3.10+. It would have worked perfectly. I also tried shorting it twice but just wasn’t confident since it’s so choppy (up then down a lot) so I canceled the orders.
I was also looking to dip buy $CLSN after it dropped to $4.85 support perfectly (few cents above it). It bounced at least 30c/share so far. After the huge drop it just looked like low volume so I didn’t pull the trigger.
Kind of feels like there’s a lot of failed spikes today.
You can’t tell till you bet.
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