Monday, December 14, 2015

Don't Overreact








Good morning folks
We have gone from a positive premarket back to a potential red open. Keep your eye on volatility there could be some trade opportunities there. 

I have a few trade ideas from premarket news 
6:01 am HollySys announces high-speed rail signaling contract win valued at $75.5 mln; delivery of the products is expected to be finished by June 2016 (HOLI) : "In the future, Hollysys will continue to work closely with the China Railway Corporation and national railway authorities, leveraging its strong R&D capability, effective management and high-quality products and services, make more contribution to China's railway construction and explore the vast rail and subway opportunities both in China and abroad, and create value for our shareholders."

Looking for a 22 roll decent balance sheet over trendline looking for continuation
 
07:01:54am12/14/15
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UPDATE: Akebia Says MTPC to Make Payments Totaling $100M, Eligble to Receive Up to ~$250M in Added Milestones
07:01:17am12/14/15
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Akebia Reports Collaboration with Mitsubishi Tanabe Pharma for Development, Commercialization of Vadadustat in Asia
Big gapper small float 12 is a key area to get through would be better to get it on a pullback or potential gap fill but it could get a little whacky 17 percent short interest. Wait for a setup could be a good scalper

6:49:35pm12/13/15
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MediciNova Announces Positive Interim Safety and Clinical Outcomes Data From Clinical Trial of MN-166 in ALS at 26th International Symposium on ALS/MND in Orlando, FL
Can be a pop and flopper so be careful do not chase it but looking for a 4 test and roll 

Recent IPO data coming out this week could move the stock > more of a lottery ticket play off binary event could present a scalp opp don't chase it 




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