I could use all the stock tips I can get to help make up some recent losses. I've lost alot of $$ in the SRRK (Scholar Rock) short trap. This stock has been a beast over the past 3 days. I should have known something wasn't right when they were up 100% on Tuesday and still had shares available to short on TD Amertade
if you’re trying to play the short game, and TDA is your broker, it’s going to be very hard to be successful. Their locates aren’t the best, and anything worth shorting will be pretty expensive.
Those larger cap higher dollar stocks are usually always going to have shares available. Pretty hard for someone to get 100/200k shares short on that. Like you see some getting short on the sub $5
Hopefully we can get this election over, and small caps can get back to rocking.
EQ ran 50% last night, perfect model play into a green event.
BLRX ran 100% this morning. It was on model nicely, just hard to play a chart like that given the lack of bid support. Buy signal would have been 9/21, so a little over a month hold on that, although not a terrible draw down even given the current conditions.
@wallstreetcappers
@wallstreetcappers
it will be incredibly rare that any of these plays have any continuation.
look at TCON. Many of us had played that 3-4x at least, into 20-60% pops.
last month that thing when from... I think I owned it at 1.82 sold at 1.87 just because it was green, and I was scared market wise.
2 days later it went to $6 or whatever. Massive power move.
those do happen from time to time
Most of these are 1 pop and done. The company sells the shares they need to, and its onto the next cycle
Once in a while we'll see a dump off open to activate SSR, and then a power move to restrict the short sellers from piling on. Those are usually fun ones that squeeze
It is interesting though, so many plays that are listed or are below the bands but people are not really taking them. I do not see trading discussion more setup or politics talk...even when a stock ran it has only been once or twice Ive seen others say they were in it or trading it.
I am feeling like the risk of holding and the odds of the one you pick as panning out are not worth the natural decline in the majority of the names. So sure some move but you are fighting the drain if you buy one while waiting even if the setup looks interesting. Ive not made a trade yet even though I have the dough and many tickers on my screen watching.
There's been a few interesting happenings in the market that have made it tough.
1 - the insane options action that was happening in August with TSLA and AAPL etc, I believe that a lot of people pulled money from small caps and took it to the casino. Stocks only went up, so people were making money hand over fist.
2 - The last month, the bid has completely disappeared. DBVT is a great example of this, that stock should have 100% been flat, and not bled like it did. Soooo many others have bled like that because of zero bid pressure.
3 - there are SO many model plays, and only so much capital to play them. There's a little bit of group think, where many people will be in a handful of the same plays, so that really restricts what people are going to do.
So for point #3, if we can improve on some kind of buying indicator, that will yield incredible results.
I think many people are also suffering from a sizing issue currently as well. We've had some huge plays and success early on, and the confidence level went through the roof.
Too many people are holding some larger positions, in a few that have had some extended hold times.
CERC, many have been holding large positions since August, and we'll just now be getting the news expected in Novemeber sometime, and now not even sure how it will react. Add in the 30% bleed over 3 months, and there just isnt much $$ left to play others
I agree with your last message and Ive noticed that, I guess as I mentioned over there that I am careful that it takes quite some time for me to take a big position but in reverse if you take a big bite and it works then you make more vs me who takes a 1/4 bite to start..so if I am not fully in I will make less.
Here's a perfect one for the Covers.com community.
BTN - Ndamukong Suh is on the board of directors, along with a former TDA CEO - also, former Coastal Carolina Head FB Coach and former TDA CEO Joe Moglia is part of a group that has bought 34% of the company recently. They're up to something here.
Disclaimer - This post is not financial advice, nor an indication to buy anything. We could have short or long positions anywhere, at any time.
A casual 35% gainer in 4 days. Not bad
although I’m not sure that was the real move
@Chauster
We dont have a ton of OTC stocks in our model. This one is not in there, and I dont see any filings. 400m shares is a lot.
NURO finally ran, took a little longer than expected. 180% from my original post
CERC still being held back. We'll see if they ever let it go
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