Due to how extended the market is I’m not looking to do anything besides try to hold on to the positions I’m currently holding. The fact that this week is options expiration only adds to my desire to lay low. Those that have been reading me for a while know how I hate expiration weeks because of all the games that get played. There are a couple of stocks on the list for today but I doubt I’ll do anything with them…
Currently holding:
Long – GME, MACR, PLMO, RSAS, SWFT, WBSN
Short – none
Looking for swing trade entries in:
Longs – PETM
Shorts – ADRX, PRGO
Potential day trades:
(From Briefing.com)
Gapping Down
PRGO -10% (announces acquisition), EAGL -4.3% (JP Morgan downgrade), OSTK -4% (announces offering), LOW -1.3% (earnings)
Gapping Up
FLYI +25% (co addresses liquidity issue, Goldman upgrade), MUSE +17% (reports earnings), DWSN +15% (Raymond James upgrade), RHAT +7% (First Albany upgrade), SUNW +4% (Thomas Weisel upgrade), SUPG +8% (FDA approval), INGP +6% (Merrill upgrade), MKTW +6% (being acquired by Dow Jones), TASR +5.9% (device approved for field trials in S. Korea)… Momentum Movers: SYBR +46%, BOOM +25%.
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