$ITIC started shorting this one on Thursday at 46.07 130 shares covered on the way down to 41.31 for $355 profit. But im not done with this shorting 100 more down to the 30s next week
Next is $HRTX short very small amount on wednesday just to dip my toe in the water but made $124 anyway looking to reshort 100 shares next week down to 27 btw im hold a small position over the weekend.... from 33.41 now at 30.52 so up on that
$CNW havent shorted yet was waiting for breakdown conformation which i got after market close yesterday.... as you can tell from the chart below their is nothing to support this after it breaks 47.
I have been studying these breakdown of huge gap up patterns for about six weeks before i have made my first trade shorting them, actually this is my first time ever shorting stocks and quite frankly i feel way more comfortable shorting these higher price gap up stocks than low float penny stocks to be honest. I hope some of you found this helpful and take advantage of this by the way $STRP watch for breakdown and weakness. Thanks for reading! Off to watching some video lessons have a good weekend.
What you are ignoring is that there is major support @ 30-ish. Do not short these successful companies that have FDA approvals and are actually succeeding, stick to shorting P&D's.
@AlexLi1 I did my dd ... Actually support is at 27.5 ... ITCI is pretty much a major p&d and has connections with the same guy that's in charge of SIEN and theirs no support on that... Now if they can't get their secondary offering price up probably going to fall more with no support. $CNW if you look at 5 year chart you can clearly see why I'm shorting
@HoneyBadgerTrading well, i guess we all have our strategies. Just some are better than others.
@AlexLi1 I do get what your saying and I do short pumps but these also look like good shorts ... Thanks for the advice tho
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