On this low volume shortened holiday trading week you can see some irrational exuberance in some of the low floaters. Yesterday we had some great trading opportunities in some microcap low float bios like MCUR, BLPH and AEZS in sympathy with KBIO. There are a ton of people out there trying to suggest they have the next KBIO.
What happened with KBIO is a very rare and special situation. Stocks do not typically run 10000 percent in a couple of weeks. I would say the odds of finding the next one are about as good as me winning an Olympic medal. So be careful following any of they hype. It doesn't mean that there won't be some decent trading opportunities just make sure you do your own due diligence and trade your own plan with some reasonable expectations.
Have I mentioned that the defense sector Is probably a
decent place to park some money ?? LMT RTN NOC
******They are a bit extended but the sector is likely to hot for quite some time watch for pull back opportunities *********
Stocks on my radar premarket
Bullish and may have a swing or lottos in play
Cautiously optimistic
Very Cautious may even present a short opportunity ..
Do birds of a feather flock together? I know a little corny but this could be a nice sympathy play heading into the Holiday season where we stuff ourselves on birds that have been stuffed. TSN had a nice move yesterday off earnings and that has me eyeballing PPC which could be breaking a downtrend this would be more of a swing play than a day trade They have lots of debt but plenty of positive cash flow 62 percent float is short ??? and it has a small float of only 59 million
Hormel Q4 EPS $0.74 vs $0.69 est, Revenue $2.4B vs $2.5B est
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HRL reported nice earnings and raised guidance Could be looking for a 70 roll and new 52 week highs another swing type play
Gapping over the 6 roll joining in on the small Bio party could set up for a day trade follow through
Huge gapper recent reverse split base breakout super tiny floater Could set up for a short but that is how KBIO got to 45 so be very careful
old news but MOMO is testing the downtrend just reported earning decent balance sheet small float could get a 14 test
Could get a lift after market open this has a HUGE float so it takes a lot to move the stock so watch the volume don't chase it but it could set up for a nice intraday move
Small floater right sector gapping premarket could get some follow through needs some big volume
Gapping over the 6 roll joining in on the small Bio party could set up for a day trade follow through
06:32:11am
11/24/15 |
Aeterna Zentaris +45% Premarket @$12.35
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05:01:28pm
11/19/15 |
Momo Reports Q3 EPS $0.02 vs. Est. $0.02, Rev. $37.5M vs. Est. $44.9M
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11/23/15
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UPDATE: 13D from Carl Icahn on Xerox Shows 7.13% Stake
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Aurinia Pharmaceuticals Announces Outcome from Data and Safety Monitoring Board for Its Phase 2b Study in Lupus Nephritis – Study to Continue as Planned
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