Hi everyone!
Nice day today ... everything from my plan went pretty much like I expected though the only one I took was CRMD. I shorted $6.31 and covered at $6.01 and aside from a 2 cent gain on PRAN that was my only trade. I covered the rest of my GMAN swing from $7.20 at $6.62 also. GMAN actually popped and faded green to red just like I expected it to but I didn't reshort (not sure why...guess I just wasn't feeling it, lol). But anyway overall a nice day with a quick and easy 30 cent gain in the morning and then I went to take care of some errands and worked with a couple students for the rest of the day! Here are my plans for tomorrow:
FMSA (long):
I was watching this a few days ago but now it has bounced and tried to hold the 200 day moving average so it seems like a better shot now. I want to see it retest under $9.00 and then recapture it to get long. if I can get an entry like $8.85-8.90 that would be nice and then just keep a stop like $8.75. Initial target will be recent daily highs around $9.30-9.40 but the real breakout happens above those levels so I want to try to be patient if it has the volume. It might not be ready quite yet but I think it's worth a shot.
TCPI (long):
Once again TCPI is testing $4.00. I really would just swing this but I don't like the fact that the market is breaking to new all time highs for a long swing. I like to swing long when the market is in a bounce zone so I'm trying to keep this trade to a day trade only. Any washout under $4.00 in the morning I will go long on this with a mid-$3.80s stop, anticipating it recaptures $4.00. Over $4.10 I think we hit $4.50 relatively quickly.
PTBI (long):
Awesome run in late afternoon today for PTBI right back to that $9.50 daily resistance. I want to see it hold $9.00 in the morning and if it does I will start in long for a run over $9.50 to $10+. This likely has a lot of shorts in it so if it gets moving it could squeeze nicely to $10, $10.50, $11 etc. I will try to keep it to 30-40c risk for $1-2 gain.
ATRA (long):
Possible bounce off $37.00 support area. It seems like this $39.50 area on teh daily has been holding it down since it dropped from $65 to $37 so I feel once it gets over that and holds we will see a bounce back to at least $42-43, possibly $45. In the morning I want to see a pullback toward $39.00 and will get long with a $38.50-38.75 stop loss. The goal is for it to recapture $40
Here are a few other ideas:
MOMO (long) - Heavily shorted and released good earnings after hours today so this could be a big squeezer
GIGA (long) - Again nice earnings after hours so could get some legs tomorrow
CCIH (long) - Still stalking for $15ish breakout
SARA, JOB (long) - Still on watch for Robinhood account. SARA over $0.25 and JOB over $0.82
PRAN (long) - From list last night, I had it at $1.26 today but sold $1.28 cause I needed to go to the Apple store, lol. I'll be watching tomorrow for continuation
ECOM (long) - Watching for $11.50 breakout for $12.50-13 run
Hope everyone had a nice Monday!
Chris
Submitted May 18, 2015 at 10:11PM by ghostofgbt http://ift.tt/1FpOQKF
No comments:
Post a Comment