Looks to be another “Shippers gone wild” session. If you are new bring up the chart on DRYS and all the other shippers from a couple weeks ago. Do I think that they will repeat those moves, NO, but do they have a great potential to rip today going into the weekend created a “classic” Friday short squeeze, yes. That being said, others on watch, but my focus will be DRYS and other shippers.
DRYS – Same plan as yesterday looking to buy HOD’s with set risk
What is the definition of “Set Risk” if you have not watched check this out: http://stockstotrade.com/strategy-session-11-25-2016-risk-management-and-postion-sizing-using-the-chart/
AKAO – Still short bias, ideal crack under $14 with risk on $14.00
PIR – Weak open red to green, goal, new highs.
CBIO – Watching for a break above $1.15 with risk at $1.00
EVOK – Total POS stock, but it has “the recipe” low float, former runner, news catalyst etc. Need to see this closer to the market open, but would consider trading over/under $2.00
INVN – Still tracking this “swing” setup from the weekly watchlist.
Other Shippers: DCIX, SHIP, ESEA, SINO, TOPS, GLBS, GNK,
Related: 40 Key Stock Trading Terms For Beginners
Day Trades: DRYS, SDRL, VCEL, JAGX, LTRX, EVOK, Swing Trades: CALA, RIGL, GPRO,LPG,MAGS,...
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0LOTS in play today, where DRYS goes all the shippers will go, lots of battle on both sides this morning. Reminder on...
00PULM We tracked and traded this all day in STT Pro on Friday. Tons of great commentary about biased shorts...
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