Odd Stock Scan for 7/6/2016

by | Jul 5, 2016

Missed part of the mid morning today due wifes hilarious wisdom tooth removal, got some funny videos of it, but felt like I didn’t miss much during that time. TWTR I ended up just taking it off flatish when I was at the docs office so that was a dud. BGI started in early but thankfully didnt add anything until the $5 area halt and ended up saving myself and getting out with a small profit, but the squeeze was definitely not something I enjoyed and it had been a while. So hopefully some of the comments helped today about it easily doing 3- 3.50s while it was sub 2.80s. Tomorrow I expect a few things to get moving, as there were probably a lot of people still gone today (notice the extra slowness mid day) but should be fun.

TWLO – Started a few long just to keep my eyes glued to this one tomorrow, Really thinking if we can break and base at $34 this will be a great swing setup, so just continuing to monitor it. Once the SPY cranks to new highs and has “one of those days” people will quickly remember that hot recent IPO. Call me crazy but seriously thinking $70s at some point…he we have seen crazier, and that was just a camera on a stick company.

BGI – INSANE move today, the halts made this one nearly untrade-able but was thankful to get out with a small gain. The daily chart was irrelevant so posted the 5-min of today’s action. This had what, 31 halts today, gotta be a record or something. One thing to notice is the 2.50s if they base and perk tomorrow can easily rip back to highs. Should be interesting.

OESX – Had a bunch of the 1.17s today on the 45.5M contract news, but man someone was selling HARD into that news and the rest of the day. Did manage to get a tiny bit off at 1.36s but minimized the rest. Floating up a/h likely on all the attention but if this doesn’t hold 1.25s no reason for me to get back in. Just going to watch and see if it can make a decent trend.

XBIT – Absolutely amazing pull this day, missed the whole thing, but wasn’t about to chase it down $4 on the morning open. Ironically had long in around 12.4’s while at dentist but nadda. Looking for any perk near $20-22 area to short. Felt like there were still shorts in there but need to get worked out on a nice push.

TRX – Shewwwww either going to buy morning weakness on this one, or short into any 1.30s push depending on if its a para move or a slow grind. I will avoid the slow grind until it starts to really speed up for the entry.

ONVO – Pretty cultish long stock on this one, I look at this one and think, 4.20s short…but then actually it brings me to say, its not really a short at this point and everyone has been waiting for a rebound on this name, so I will actually keep this one on main watch. If market hold steady, I will actually be a buyer of weakness and anything sub 4 if morning wash, then patience accordingly.

CHEK – Just keeping an eye on this one, no plans really, but will eyeball ONLY on a 1.50 break with volume and nothing else, no guessing as this has NO volume during the day.

NUGT – Really expect this one to get overextended at some point tomorrow, I hate trading this but the opportunities that it can give are hard to ignore. If it doesn’t setup right will just avoid. Keep in mind futures are up a/h as well already so this might help the cause.

CDTI – Have a small overnight long on this one, but not expecting to much out of it, however you never know. Super thin, so nothing I will alert in the room about it, I am interested in dips provided the .40s hold.

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