Gonna start posting a brief watch list as often as possible.
**Keep in mind I rarely trade more than 1 ticker a day so most of my plans revolve around bigger picture plays on the downside**
DRYS: I’ve been swinging short since $4. Found a solid borrow and don’t plan on covering anytime soon as I believe its going to $1 VERY near term. Eventually will reverse split and continue to dilute. Until then every pop is a short in my eyes and i’ll continue to add.
MBOT: Had no clue this was the old STEM until D4 tweeted about it. Was short this morning and ended breakeven on it. If they don’t dilute overnight or by the morning I’m looking to get short at $8.00-$8.50 for a swing.
CBMX: Gapping up to $5s as I’m typing this. Has a history of running. 2.2M float as well. Not looking to get short early in the morning, but daily shows it can fade just as fast as it can ramp. Will watch a mid-day VWAP fail to try a short. Until then, no edge.
FIT: I don’t normally trade stocks like this, but they had e/r today. “Looked” bad, but stock didn’t really move much. Will watch in the morning for an unwind setup ideally to $5.50s
CNBX: What a missed opportunity today! Damn. Looking to get short into any $5 push using $5.50 as a guide.
Recent Blogs:
Conviction + Sizing + Why 90% Of Traders Fail
Q/A Session + Trading Strategy
Thanks for posting these, I find them helpful
Can you discuss how you do your scan and what criteria you use?