I’ll be testing my IBhod scanner all day now that I fixed a few bugs that I had during yesterday’s premarket.
Greek shippers are done for now. $TOPS is back under $1/share. $DCIX formed a nice looking cup but it wouldn’t have been easy to trade.
There seems to be quite a few afternoon spikers that pop up around 2:00 - 3:00 PM. I’ll have to watch for those today and buy pullbacks.
Crazy squeeze yesterday after a recent reverse split. It’s up again premarket so it could keep going even though it closed kind of weak like $DCIX before. Extremely low float if it is correct. $8.00 could act as support.
Q3 earnings + positive drug news. Currently up over 100% premarket. Massive gap from $21 down to $6.10. It’s struggling with that range during premarket so possibly wait for a convincing breakout over $6.10.
- Otonomy Reports Positive Results from AVERTS-2 Phase 3 Trial of OTIVIDEX™ in Patients with Ménière’s Disease
- Otonomy reports 3Q loss
Earnings yesterday then a conference call where I wanted to buy at. Turns out my entry would have been fine all day. I have $8.00 marked as support/resistance from a while ago. That level looks important. Possible support at $7.45.
Recent earnings winner. I missed the dip buy on this on day 1 and did not chase it.
Earnings + contract and is up somewhat during premarket. Terrible long term chart. Possible resistance at $2.50 and $3.00.
Starting to panic premarket. Down from the $12s yesterday to $11.35 so far. If it panics enough I might be able to get filled in E-Trade around $10.80. That probably won’t happen for a few more days.
I was watching $OTIC and it looked like it was bottoming and I saw support on the level 2 at $4.60 / $4.65 but I didn’t buy. It’s up to $5.25+ now. That would have been a great trade. I looked at yesterday’s chart and at that area there was a little resistance which then acted as support.
I saw $TRXC starting to move up. I bought over premarket highs with a risk down to $2.80. Risk/reward was pretty solid. I wanted to sell over $3.00 but it had no momentum left, so I sold into $2.93 when I saw a big seller wall and less buyers on the level 2. It crashed down to $2.77 but rebounded a little. I won’t re-enter again since it’s so illiquid. It actually took a second or two to get out which was really strange. It definitely looks illiquid in TWS.
$TRXC is the stock that had a gigantic 500,000/share seller at $5.00 when it went parabolic a few weeks ago.
I didn’t see anything crazy pop up near the end of the day except $RTNB. It sort of popped up around 1:00 PM with no volume then got halted on the way up. It later spiked around 3:00 PM and got halted twice on the way up again. The high of day break buy could have worked but it’s too sketchy.
NASDAQ TRADE HALT RTNB.O TRADING HALTED; FOR INFORMATION REQUESTED BY NASDAQ
$CREG was the supernova for today and it crashed into the close. The spreads this morning were 20-30c at times. I can’t trade those safely.
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.