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ATRC huge 125% 1 day surge yesterday caused by a better than expected earnings report and news that they have an agreement with a credit facility. We all know what these penny stock earnings plays have been doing lately so definitely look for a continued move today especially since looking at the 5 min chart there was a TON of volume and buying at the end of the day, I mean a ton. This bodes well for a positive move today, but at the same time if it gets too overextended watch for a fade from an early morning spike!
CBBO I don’t know what caused this penny stock to have a 106% run yesterday..possibly a late reaction to earnings? BUT the earnings weren’t good, balance sheet is still poor, downtrending chart the past 6 months, and it failed to close over the 200 day moving average…all these factors lead me to believe this penny stock might be a good short for today. Watch for a green-to-red move, or a break of 2.30 to the downside to initiate a short position.
COT here’s the deal: it’s an earnings play..you know I don’t like to short these penny stocks until they get waayyyyyyy tooo overextended BUT… this penny stock has shown fading volume each of the last 2 days. I’m thinking it’s kind of stalling here and if it can maybe crack 4.00 you’ll be able to make a quick .20-30 cents per share profit on a short trade. That doesn’t mean that I don’t think this sucker will continue to fly up, though.
NCOC a decision comes today on what direction this penny stock is going to head. Sideways price action today plus the fading volume makes me believe if this penny stock even gets a hit of negativity on the day it could drop to give you a reasonable short selling profit. A price point to consider shorting at would be a break of 2.40!
PMI not really sure of the reason for this three day run up in this penny stock. Many might be thinking of shorting this sucker, but I’m not to sure..yet. Actually right now, looking at the 5 min chart, the huge volume buying pressure at the end of the day over the previous resistance from earlier in the morning makes me think this run continues today. But again be on the lookout for an early morning spike then fading price action…if this infact goes up today.
STXX holy 200% run in the last hour of the trading day. Not one trade was made until 3:00 pm and from that point it was a total surge. If you’ve gotten my FREE eBook, you know these late spikes are GREAT shorting opportunities. This penny stock is thinly traded with only a little over 100,000 shares traded AND it’s spread is totally wacked out. Probably a little too risky for my taste, but maybe not for yours?