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Happy Monday! There’s a lot going on in the stock market today. For example...
The S&P 500 is back at highs.
Bitcoin broke out over the weekend, but it’s pulling back hard now. But does that mean crypto is over? No way. In fact, this could be a great opportunity for traders…
Plus, stimulus checks are dropping, and meme stonks like GameStop Corp. (NYSE: GME) are up again. Coincidence? I don’t think so...
But trading isn’t as simple as YOLOing your stimmy money into meme stonks or crypto.
Here’s what else I’m looking at today...
Denison Mines Corp (NYSEAMERICAN: DNN) is a uranium play that ran at the beginning of February. It’s got a pretty high float, so it doesn’t rank as a dip and rip contender for me. But I’m still watching it ... Find out why.
Acer Therapeutics Inc (NASDAQ: ACER) is a low float biotech. Despite some price action in the premarket, I wasn’t able to easily locate a news catalyst. Go ahead and get your complaints ready about me being a boring old man, and then check out what I’d rather see...
On the other hand, Check Cap Ltd (NASDAQ: CHEK) looks mighty fine to me as a potential in-play, all-day ticker. As of the Pre-Market Prep session, it checked (pun intended) all the boxes for a potential dip and rip — low float, FDA news, 52-week highs. There’s something else I love, too. I talk about the levels I’d like to see this one hold and a potential strategy for trading it.
It can be informative to look at less-promising plays, too. I explain what Celsion Corporation (NASDAQ: CLSN) doesn’t have enough of for my liking, and why Intec Pharma Ltd. (NASDAQ: NTEC) makes me wary.
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*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
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