SHORT ME TINA
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SHORT ME TINA
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Watchlist 1/25/16-1/29/16*
M-Macy’s
Despite the major indexes being in a spiraling downtrend for the past 2 months; Macy’s has actually gone up quite a few percentage points in the past 3 weeks. It’s right around the point of break out and if it does, you’re looking at 5-6 points if that gap above-head gets filled. Paying close attention to 41.60-42. I am long this stock.
CRMD - CorMedix Inc.
Stock is up about 30% on news that clinical data from one of their studies will be published. CorMedix Inc. “announced that an clinical abstract highlighting key data from the Company’s landmark post-approval surveillance study has been accepted for publication in the peer-reviewed American Journal of Kidney Diseases, and will be presented as a poster during the National Kidney Foundation® 2016 Spring Clinical Meetings, held April 27 – May 1, 2016, in Boston, Massachusetts.” While that’s great news, I am not sure it warrants a 30% move in the matter of days.
It’s extremely important to remain cautious when shorting low priced securities, this one in particular because it’s a runner. Even with that said, I do believe, there’s a possibility you can make money shorting this stock. I always wait for confirmation of a downtrend before initiating a short.
GLNG-Golar LNG Limited
Stock is up over 50% in one day on favorable news that the company has signed a Memorandum of Understanding with Schlumberger Limited. (NYSE:SLB). That's all great news but the longer you remain active in the markets; the sooner you begin to realize that spikes like this just aren't sustainable. Looking to short rallies and/or the first sign of weakness. *Low float and high institutional ownership*!
I am still looking to short CYBR spikes and watching for another possible break out with NXTD. FNMA is also on my radar for a potential play.
Last weeks recap**
CDRB +30%
BSI +15%
CYBR + 4%
NXTD +80% ***
(If you didn’t sell w/ the share price almost doubling in one day and held on, you should still be up about 10%).
I am still cautious going into next week but keeping an eye on the broader market (SPY, Dow, NASDAQ, Russell) to see if we've bottomed!
If you're learning and profiting off of my plays, don't forget to like us on Facebook and we would appreciate the follow on Twitter and Instagram. Join the movement!
Cheers!
__________________________________________________________________________________________
* The Watchlist is just that, a Watchlist. If the set-ups don't present themselves allowing me to enter the trade, I pass on it.
**Percentage gains/losses is based on closing price (Friday-Friday).
***Percentage gain calculated from closing price on Friday(1/15) and the high on Tuesday (1/19). Refer to previous watchlist outlining how I intended on playing this speculative pick.
Despite the major indexes being in a spiraling downtrend for the past 2 months; Macy’s has actually gone up quite a few percentage points in the past 3 weeks. It’s right around the point of break out and if it does, you’re looking at 5-6 points if that gap above-head gets filled. Paying close attention to 41.60-42. I am long this stock.
CRMD - CorMedix Inc.
Stock is up about 30% on news that clinical data from one of their studies will be published. CorMedix Inc. “announced that an clinical abstract highlighting key data from the Company’s landmark post-approval surveillance study has been accepted for publication in the peer-reviewed American Journal of Kidney Diseases, and will be presented as a poster during the National Kidney Foundation® 2016 Spring Clinical Meetings, held April 27 – May 1, 2016, in Boston, Massachusetts.” While that’s great news, I am not sure it warrants a 30% move in the matter of days.
It’s extremely important to remain cautious when shorting low priced securities, this one in particular because it’s a runner. Even with that said, I do believe, there’s a possibility you can make money shorting this stock. I always wait for confirmation of a downtrend before initiating a short.
GLNG-Golar LNG Limited
Stock is up over 50% in one day on favorable news that the company has signed a Memorandum of Understanding with Schlumberger Limited. (NYSE:SLB). That's all great news but the longer you remain active in the markets; the sooner you begin to realize that spikes like this just aren't sustainable. Looking to short rallies and/or the first sign of weakness. *Low float and high institutional ownership*!
I am still looking to short CYBR spikes and watching for another possible break out with NXTD. FNMA is also on my radar for a potential play.
Last weeks recap**
CDRB +30%
BSI +15%
CYBR + 4%
NXTD +80% ***
(If you didn’t sell w/ the share price almost doubling in one day and held on, you should still be up about 10%).
I am still cautious going into next week but keeping an eye on the broader market (SPY, Dow, NASDAQ, Russell) to see if we've bottomed!
If you're learning and profiting off of my plays, don't forget to like us on Facebook and we would appreciate the follow on Twitter and Instagram. Join the movement!
Cheers!
__________________________________________________________________________________________
* The Watchlist is just that, a Watchlist. If the set-ups don't present themselves allowing me to enter the trade, I pass on it.
**Percentage gains/losses is based on closing price (Friday-Friday).
***Percentage gain calculated from closing price on Friday(1/15) and the high on Tuesday (1/19). Refer to previous watchlist outlining how I intended on playing this speculative pick.
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