Hot MOMO Plays and Trading Morsels

[Lone Wolf]

Today's Biggest Loser: CMEY-77%

CMEY was down 77% on 429 trades. The stock opened at .07 and closed at .016. That's when I say 'WOWZA'!

This one should have some restless legs made for running in the AM. Some traders are banking on a 4-5 bagger as the trouncing appears to be overdone and no reason behind it can be readily found.

Somewhere around a penny, company released news re: new accountant being sought, followed by an 8K reflecting their efforts to be current with all filings.

This one requires caution as it showed a good bounce off the day's lows. It remains unclear what VERT's objective was throughout the day. Shorting? Caught short anticipating the company was about to release dire news? Given directions to sell shares? We'll have to see where VERT is and what she does tomorrow.

Lending upside support is the fact that the bounce is supported by news and their late-in-the-day 8K filing. The play should have great buzz in the AM as lots of savvy traders sit waiting for the open to see what she will do. One thing for sure...there is lots of ground to make up.