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Smart traders are loading down here, easy money. Added 2K more shares at 4.62 :) Sitting with 7K shares now. Massive short squeeze coming!!!
Loading zone, run lining up. This is sitting in massive oversold territory guys.
Bought 5K shares just now at 4.65 :)
Made a quick flip earlier but am waiting on the sides right now. This thing is looking like dilution.
I knew I should've jumped in this yesterday. Looking for an entry here. I believe those low 80's a few min ago may have been a good scoop for a quick PM flip but we'll see.
Worked out great, that day was a solid day for me. I've been in and out of this one but focused more on others with more volatility the past few sessions. Thanks for checking :)
Solid day here today :) Wish I scooped more than 2K shares yesterday or added more this morning when it was around the LOD though! Any others on this board?
Thanks! Yes, I would definitely keep some funds on the back burner. I still haven't jumped back in here yet. PPS is moving how I thought it would after it touched 180, can't pass 181. I'll continue to wait to see what happens closer to EOD. The longer it sits between 180-181 the more probable this will dip below before EOD if indexes turn any more negative. We'll see though.
Don't get me started on FB, I could go on and on with that one :)
Called this earlier... LT brief support at $180. If this doesn't hold, next full LT support $177. Tesla, you are predictable lol :) Waiting a bit before I re-enter again.
Spot on with my last few posts :) I honestly do believe this company is a great LT investment but I just love playing the swings simultaneously and making fast gains. It quickly adds up to a lot more than just holding out for years.
Current PPS: $181.65
LOD: $180.30
HOD: $184.88
Nice performance here today, glad to see this swing back up a bit after yesterday. Hopefully all of you caught some 181's yesterday. Deciding to jump out of my position now, 184.50.
Short attack :) As I said earlier, what goes up quickly, falls just as quickly.
ST avg's show brief support around $180, LT full at $177. I would focus on $177-$180 bottom play if she continues down. I jumped back in this one again since my last post of 500 before the recent rise up. I got back in here for another 500 at $181.50, didn't think we'd see $181 but have a gut feeling this will fall to at least $180 today. I'll be letting these shares go soon if I see this move down at all from $181.75 during open market and look for re-entry.
You misread my post. I'm not talking about LT or ST plays, I trade the day and get out. This ticker always has so much volatility you can make 100 fold more than just holding a position here, period. That is what I was referring too.
Great, glad you are in the solid green with the LT hold then. Volatility is what I like as well, the more volatility the faster the money.
Great trade. Should've shorted after you sold to make the free fall gains :) Nothing better to sell high and then short followed by cover and a buy right after to catch it come back up.
Either way, I try to tell myself not to complain about how much more money I could've made and to just be happy I made some to begin with haha!
Looking to re-enter this one. Waiting for $5 or lower though. PPS is acting like a slow sinking ship. $5 will most likely be solid support so I'll have a large bid sit there and wait :)
PPS actually broke through the bottom today, $181.50 but we closed above it which is a good sign however keep your eye on where this opens. Anything below that, it will most likely sink to $180 easily. I grabbed some shares at $181.50 as I didn't think it would drop below that but it did. Glad it closed above that mark but am skeptical how this may open tomorrow. I may sell in PM to get rid of it depending how the indexes look in the morning.
It sure is. What goes up so quickly will fall just as quickly. Today's performance did exactly that. Shorting BAC has been one of my major money makers annually whether it's green or red.
The market is wild right now and personally don't advise anyone to hold a position over the weekend unless they are in the play LT and can stomach the volatility.
Without doing an analysis it's hard to give an accurate direction but I expect tomorrow to perform like today unless the indexes sink. Push up and back down.
I don't know how you trade or the quant of your position here other than your either a ST holder or LT bag, but to all others I would suggest not to hold anything all day if your a flipper or ST. Today's performance shows exactly why that is not a good idea. I always trade with max gains / max losses and take either without emotion; that is the only profitable way to trade. Know when to take your profit because greed leads to a loss and know when to take a loss so you can move onto a new trade to make it back.
Hope your position is doing well.
$4.20 support. Everyone is loading here, over 10K shares just bought. I believe we'll be seeing easy over $5 again tomorrow.
Scooped 2K shares at 4.21 Holding for the jump :)
Looking for the bottom here to catch the $1 PPS bounce it seems to always have once it's dropped severely. :)
Short interest will always remain high with this one especially as of late. Short traders like myself (not all the time with my trades on tickers but most of them) jump in and out of stocks that have outperformed the market as this one has. Don't get me wrong; I've been trading this ticker since it was in the $5.00 range years back so it's grown on me to play it both ways. As for your question, I would expect a serious pullback in the next month or two. Today was just to show how easily this can go down just as fast as it went up today. Shorts always group together and when the momentum builds here it's a sure thing that they always win. Very shaky market with this one so if you're playing heavy keep an eye on it.
Sorry I didn't see this earlier, hope you made a good trade which ever way you decided to play it.
Right back to where this started :)
Shorting now 21.40
Debating to short here and make a quick flip. This will make a morning dip from this level before continuing up.
Ed, replying to your PM, Nice play. As for your question, I don't believe it will drop that far down today it managed to break 21 resistance. Could see low 90's again today but charts look like it won't drop further than that unless the index falls.
The above is for today's action not ST/LT play.
Healthcare and tech sectors are getting hit hard today so it doesn't seem to be just this ticker itself. Not sure if we'll end up seeing a bounce here or not from the sinking index.
Debating to but won't most likely until closer to EOD when this settles down to get better probability for which direction. Focusing on a few fast movers intraday for now. I'll keep my eye on BAC :)
Watching for the bottom for the bounce.
Wow... Profit takers and weak hands killed this. Had a nice chance to run at the bell and market orders killed it. We'll see how far this falls before it decides to stabilize and move back up.
Looking good here this morning. This will open strong and move past $6 again.
Ed, replying to your PM: No prob, glad I can help!
Wouldn't be too concerned about the trading here in AH. During intraday there definitely was manipulation; however, it is needed with a PR like this to control the run. I've seen far to many "cheap" stocks run ramped and then go right back to where they started almost instantly. Manipulation here was gradual and controlled. It was a very healthy close which is why I believe it will continue to climb tomorrow. Throwing out some quick analysis to back up that statement:
Previous close: $5.00
Open: $5.80
LOD: $5.35
HOD: $6.20
Today's close: $5.65
The diff between the LOD and HOD: .55 which is less than the diff between the PC and TC: .65
This closed bullish. That is a healthy close. As long as this closes green tomorrow we will most likely be looking at a step chart forming for a continuation through the week.
Don't forget the PR about the trial wasn't alone; what is even better than that is Roth Capital headlined a solid PR about the PT at $17 with an expectation of a large pharma partnership which would most likely send this over $10 overnight. A headline like that generally means something is known but not publicly stated yet.
Great performance here today and should be another solid day tomorrow. Strong support at 5.60, lets see her move the legs back up over $6.00 and hold for the next leg up. No resistance here guys.
Ed, replying to your PM: I appreciate the kind words and glad my posts serve you well to help make you money. Thought I'd share an insight with you while I'm posting this. If you have some free time tonight check out VBLT. I played it today and will be trading it again tomorrow. Holding a couple thousand shares overnight as I'm expecting it to perform well tomorrow. Great moving cheap stock that can make you easy gains. As a side note, it was a fast mover today so you'll have to keep your eyes on it to lock in your trades at the right time.
It was a relatively bad day for most financials but held out decent to be honest. Made a quick couple tick trade intraday but would've made a lot more if I held to cover until EOD.
I wasn't paying much attention to this after I covered earlier but after seeing it hover in the .50-.52 range it had a chance to rebound or drop to next support level which is why I covered when I did. It did have a chance to recover being that it held that .50 mark for awhile so I took the profit to ensure guaranteed solid gains. Always take profit when probability gets tighter.
I didn't expect it to drop below .50 support but it did and .30 was inevitable once it broke that line. Financials had the biggest gains on green days so expect them to have the biggest losses on red days. Once the momentum builds it will be severe in either direction.
We'll see what tomorrow brings, I'm currently out of this ticker.