I always get in the market 1 hour earlier than open, gives me time to analyze the market.
Tims play on $SYNC was a good one. He bought it to hold over-the-weekend long on the multi-week breakout and news that it's an Agora newsletter's #1 pick for 2017. That news can travel fast but this is NOT a home run type of setup, just a decent risk/reward play with more upside than downside from my entry point at 3.10, NOT a good stock to chase.
EVOK Is a "bad sushi" example from my Tim's Trader Checklist guide ihe warned against buying in the 2.25-2.30 range near the market open Friday because even though it was hitting new day highs, it struggled EVERY penny/share higher...that's not a good sign of a coming breakout and sure enough it was actually a sign of an all-day breakdown off those initial morning spike highs
XGTI spiked on rumors of a deal with Tesla. Tim warned us that unless this thing has an actual PR it is a potential short. These type of companies are the worst in the world.
Update: 8:55
$APHB is up on positive phase 1 news. Float is 8.64M. Most likely this thing will be a sell off, since it is a very early stage trail (phase 1). Conference call on January 4th, 2017 at 4:30 P.M. EST.
Update 9:30
$XGTI the big spiker. I am starting to get the time down about when to buy these stocks even if they are bad sushi. You can buy stocks like this at open when the volume surges and there is an uptrend. 3.10 would have been the perfect entry level but it moved to fast. Now it is in the 4.00s in less that 5 minutes.
Update 9:48
Geez now $XGTI is at 4.54
$HNMY is a former supernova and I will be watching this thing for a dip buy.
Where are you finding the penny stocks? What list or tools are you using?
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