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Okay, all right, good morning, everybody welcome back. Um ocgn dropped some news this morning, um big rip early, pulling back right now, uh for what it's worth you know. Definitely you know if you, if you're interested in you know, if you're interested in learning more about trading um the number one risky gapper idea we had last night uh remember: i do a webinar every evening every morning every evening and in the afternoon afternoon webinars you Know we really look for those afternoon friendly trades. You know maybe you're a part-time trader uh, maybe you're under the pdt.

Maybe both and you know - gapping stocks. You know that idea, the you know the the short summary of gapping stocks is, you know, and this is very short - and you know and very succinct, but you know the idea is you're looking to buy these these strong stocks closing at the high closing at 52s. Good volume, good sector etc, because they show up on everybody's scanner at night. You know i mean remember i i know a lot of you guys and gals.

You are are here every day, but you know the normal people normal people that don't stare at a computer. 18 hours a day like we do, you know a lot of them. Look at stocks at night. You know they.

They look to. You know they're part-time traders they're not as aggressive, maybe not as active as we are so those the type of stocks that show up on their scan. You know they put in market orders or they're buying right at the open. They gap up and we and we sell into the gap.

You know you know i think uh, that's a term. You know obviously again there's only so much time. I have on pre-market prep, but you'll hear me, say: hey if you took the gap, sell the gap type, you know and that's the idea so anyway, um ocgn was that number one risky gapper gapped up to 19. Already this morning pulling back.

I expect to see a defense of red to green and then a similar perk into the close from last week or last week yesterday, so uh, if you did so what i'm getting at, if you didn't take the gap, look for similar closed yesterday because i think This thing's just going to continue grinding and grinding and grinding, so um ocg and nice risky gapper look for exact price action from yesterday afternoon today, yeah all right, um yeah. I mean a lot of you guys talking about the fed, but i don't know i mean you know the fed they got fomc today, but i mean you should be aware of that. But i mean one of the reasons we trade. These sketchy trash stocks is, you know the trash stocks.

Don't really react to real events. Okay, now we talked about microsoft. Yesterday we talked about nvidia. Today i mean if, if you uh, you know, if you're sitting on a nice winner in a in a real stock, nothing wrong with selling ahead of the fed, but i mean low floaters, don't really care, you know they.

Don't they don't? In my opinion, they don't really react so uh j-rad asked about a-r-t-l, isn't that over with yeah uh j-rad, i'm assuming one of two things you're either attempting to troll me, which hat tip or your bag holding. Okay remember this was an hc wainwright pump. Okay, so i mean i said it, the instant we talked about this one monday morning was the first thing i i did. I laughed like an idiot like a i laughed like harry and lloyd on dumb and dumber, when i saw a sketchy biotech with an hc wainwright pump.
So if you're trolling yeah, you got to come better, you know you got to do better than that and if you're bag holding time to move on, i can't help you. You know. I always say i can't help you with your bags and i and there's no way no way. Can i help you with a hc wainwright pump and dump bag.

I wish i could i wish i could, but i can't um wayne will ask about saba saba back um. Ah two sideways, you know if it can break 70 but you're just stuck. I mean this is what i see. I just see look at all this chop from in the in the spring.

Okay, it did break out summer, but then it pulls right back to the levels from the spring and can't break out again in september. So you got ta you got ta, see something break over 70. rrd gapped up is that that's today's buy out, isn't it or not uh? What was today's buyout? Let me go to breaking news. Yeah, it's a buyout, so i you know.

I know it's a lot of you might be asking because it's trading above the buyout price, but there's no trade here. So again, i feel, like i've, been a breaking news: commercial, a lot lately, but right there in breaking news. Our rd gap up from 660 to 926 rd to be acquired by atlas for 8.52 per share in cash, so um, but no plays on buyouts and again breaking news is incredible: i love it. Bbby shorts are stuck and high price dip and rip over 28.

This might be, you know higher priced stock. This might be my favorite today, because i mean you guys know i mean who loves a short squeeze more than me. Okay and i know bed bath and beyond. They had some good news last night, but the news didn't justify a 100 move.

Okay, it was good hey, it was good news, but it wasn't 100 move type news, so we there there's no better example of shorts panicking than something like bbbyy so still early. But i would have to say, probably number one um bbby high priced dip in rip over 28, one of the most heavily shorted real stocks out there and when i say real stocks i mean and that's another term that sometimes can be confusing. When i say real stocks i mean listen, i can actually think i might have went by a bed bath and beyond last night in the uber okay. So my point is bed bath and beyonds exist.

Okay, you can buy their products, you can go to their website. They have employees, they have locations, they have offices. Okay, so that's what i mean when i say real stock. I mean when we're talking, penny stocks, some of these companies.

You know they they have no products, they have no revenues, they have no office, they have one employee who's, an ex-con heroin addict. You know i mean so that's what i mean when i say real stocks, so bed, bath and beyond is heavily shorted by hedge funds, etc. So it's really what we look for every morning: it's just the recipe in a real stock. So basically what we look for.
Every day, just in a high priced, real stack and again i'd call this my number one as of right as of right now, still really early lcid. What's tesla doing this morning, tesla doing anything, tesla's back, green lcid, so red be green. Lcid is already green. I'd still prefer that 40 level, though so, but remember we and we talked about or actually we we didn't talk about this.

I do too many webinars, so i i talked with the steady trade team about this. Remember tesla was on a heck of a run. Tesla had a red day, tesla kind of took the air out of the ev plays for now. Okay, i still think we are so far from done with the ev place, but you know tesla goes red.

Everybody gets a little skittish when it comes to the eevee. Plays got uh, what was i gon na say, but momo faded on tesla red day there we go. This is a red to green, but i still like that 40 level more from the weekend watch list all right, one more then i got ta go. Maybe i should end right now: um gfai will finish on gfai.

What's the news this another pump, so this was a spiker the other day failed dip and ripped the other day. Let me go to a five yeah. This is a failed dip and rip on uh monday right too many stocks, yeah failed dip and rip on monday back from the dead i'd. Look at that four level.

So so this is a little bit of a different idea. Um, i say wait for four even 450, because this was this: i'm remembering right. This was monday morning's chat, pump right, failed chat, pump, failed dip and rip. It tried it tried to dip and rip, but failed.

So i think if you buy any point before 4 or even 450 you're just begging to get stuck by the bag holders who got chat pumped. Does that make sense, so i'm excited to see it back. Seven million float four million shares traded, but if you're trying to get in this thing before four four, four or 450, i think you're, crazy and you're, just like you're you're, literally begging to be a bag holder. Any entry before and thank you for asking i'm glad you brought this one back up.

Um. You are begging to be a bag holder, all right, guys, um i enjoyed today. You know, i know you guys, i think sometimes you like it. Sometimes you don't.

We got a little bit more into the mechanics. You know it wasn't just you know: ticker, ticker, tick or ticker. I like that. I enjoy it um.

Hopefully you enjoyed it as well. Hopefully you got one percent better today check out the steady trade team and uh have a great day. We'll see you next time. You.


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10 thoughts on “Pre market prep- stock market 11/3/21”
  1. Avataaar/Circle Created with python_avatars kui kibandy says:

    Can't help you with your bags๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚ Timbo always makes me laugh

  2. Avataaar/Circle Created with python_avatars K Dirty says:

    Timbo Slice knockin those $$ out again ๐Ÿ‘Œ๐Ÿ’ช

  3. Avataaar/Circle Created with python_avatars Keith Jones says:

    Always love PMP! Even if I am only just watching on the train home from work ๐Ÿ˜Ž

  4. Avataaar/Circle Created with python_avatars spearsg says:

    thx Tim!

  5. Avataaar/Circle Created with python_avatars The Blazing Knights Gaming says:

    I'm not very aggressive I could have more money but I've made mistakes this year hopefully going to rectify those soon and be in a better place next year at the start of 2022

  6. Avataaar/Circle Created with python_avatars steven guardado says:

    thank you!!

  7. Avataaar/Circle Created with python_avatars Bart Sky says:

    Michigan is getting cold ๐Ÿฅถ

  8. Avataaar/Circle Created with python_avatars Maurice419 says:

    Morning Tim!

  9. Avataaar/Circle Created with python_avatars James Gormley says:

    Thank you Sir.

  10. Avataaar/Circle Created with python_avatars John Chang says:

    Thank you as always sir .

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