What's up everyone? All right? So today, something interesting happened. We had a stock that squeezed up on an Algo Spike that provided an Algo scalp strategy opportunity. The stock goes from 80 cents up to a dollar dollar. Fifty dollar, Seventy five, Two, Two, Fifty two, seventy five, up to three.

I bought it at 303. It goes up to three fifteen and then someone says ross, it's a buy out and I said oh geez louise, I don't wanna be trading a buyout. So I got out. I ended up taking a hundred dollar loss on it.

Well, the stock trades kind of sideways. It pulls back a little bit and then about an hour later, an hour and a half later, it's halted pending news. The news release from the company. This is the headline news release.

The company responds to fraudulent press release. Okay, so they said, um, Today confirming that a press release issued on July 28 regarding a purported acquisition of the company was fraudulent and was not issued by the company. Uh oh, this stock was up 250. And as it turns out that Algo Spike, that news headline that Pr wasn't real.

Now I talked about this. This happened, um with Revlon. Once it's happened with other companies, either their Twitter gets hacked or the the Pr. You know the way they release news, that system that they have gets hacked and all of a sudden you get this headline that is Um, it's fraudulent and so on.

This one you had you. What's the total volume today is 4.8 million shares. You have 4.8 million shares of volume that went through on this thing, so you know. I mean, obviously there's a buyer to every seller, so it's a matched order, but there's a lot of volume that took place.

There's a lot of people that were able to sell this stock at a 250 premium, so it'll be interesting to see what happens. Now for me, I don't really consider this. Um, you know this. This unfortunately just happened sometimes in the market.

Um, not really a super big risk factor of getting caught in something like this. Um, the fact is, we never hold stocks that are buyouts. We may take a trade as it spikes up to the buyout level, but then once we realize it's a buyout and it's achieved that level, you don't really trade it anymore because it's like there's nothing to trade there. So I'm not really worried about getting caught in something like this.

What can happen? However, Um, you can sometimes have something like this where you know a stock is going up 500. You know, three, four, five hundred percent and it's on news of you know, I don't know earnings or something like that, but it's not really that substantial and the exchange will actually halt the stock and they'll ask the company to comment on the price action. And what often happens in this scenario is that the comment says they have no additional news to account for the move beyond what was posted. and the market generally receives that pretty negatively and the stocks usually drop back down.

That happens more frequently with nicely listed stocks than with Nasdaq listed stocks. I actually haven't seen that happen in like almost a year. I haven't seen it happen in quite a long time and maybe it's happened, but I just I haven't seen it and it usually would happen on a stock that's up like two, three, four hundred percent, either with no news at all or with very minimal news you know. Interestingly, Pgy, which I ended up trading again today, up over 500 Over the last week, hasn't gotten any halts pending news, and there hasn't been clear news that's been fueling the momentum.

it's just been going higher, so you know it's a little bit funny. Um, of course that's a Nasdaq exchange listed stock. Not nicey, but in any case, um, we'll talk about it a little bit in the recap. I'll also go over the trades I took today, so some interesting stuff.

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All right? So um, why don't we start with uh, going over. We'll start chronologically so we'll start with uh, Bttx. All right. So Bttt.

Oh, look at this. look at this. Ptpi responds to fraudulent press release today Confirmed a press release issued on July 28th regarding a purported acquisition of the company was fraudulent and not issued by the company. The company is not party to any such acquisition and has reported fraudulent activity to the Nasdaq.

All right. So Ptpi What? So here's what happens. I'll go Spike, right? This is what? Then this is a perfect example. We talked about this.

Um, we talked about this in the classes, so I'm actually going to grab a screenshot of this here. I'm going to rearrange this here for a second. So of course, when it resumes, it's going to sell off hard. It's going to go back to like 80 cents.

All right. So it spikes up here. started selling off and then it got halted. All right.

So I'm going to make this, um, a little bit bigger, grab a screenshot. So here's the problem. We talked about this exact scenario in class. You have a news headline and you have Algos that get the news headline.

So they get the news and they immediately respond. The stock immediately spikes up 250 000 shares of volume. That's algorithmic trading. It goes up to 315.

it dipped down here for a second and I bought the dip because I saw a stock spiking and I thought I wasn't sure what the news was. Once I saw that it was a buyout. I just sold right away for a hundred dollar loss. I was like oh well, I don't trade buyouts.

I thought maybe they had like, you know, phenomenal earnings or they had a contract with Walmart or Amazon or you know what I mean, something something like that. That's like a really big deal and that's why it was squeezing. Those would have been, um, you know, viable catalyst to look for for a move higher. In any case, Um, so the Algo got tricked on this.

Uh, a headline was distributed and it was fraudulent. The Algo was tricked. You got this squeeze here and somebody did that intentionally right and they'll try to figure out who it was. Someone who, I mean, I guess has been holding this.

The thing is, it's kind of like I, I guess someone who bought a bunch of shares back here. You know they'll probably look at the people who accumulated, maybe on some of these big days in here somewhere in here that would have had an incentive to get the stock to go back up to three dollars. Um, you know, I'm I'm not really sure, but in any case, um, it's coming back down and it has absolutely no purpose for it to continue to be at this price. So when it resumes from this halt, it's going to go back down to a dollar.

It's going to go right back down to a dollar. It's probably going to open a lot lower and it's just going to, you know, be a big drop. So this is something that, um, can happen from time to time. Uh, we haven't seen this happen.

um in a while. Uh, but uh, it can happen. So now that it was halted on news response to what they say is a fraudulent press release, So over on the Nasdaq website, they'll post a resumption time. Um, I I don't know if they'll resume it in, you know, your standard, whatever.

Just a regular time later today. Um, because they'll just wait for the news to be disseminated or if they'll keep it halted and switched to a T12. halted pending investigation? They could do that. I don't know.

So let's just check the halt code right now. So the halt code on this is, uh, where's this Ptpi? So it's halted on T1, which is halted pending news. T2 news has been released and has begun the dissemination process so we'll see what happens. This could switch to a T12 or it may resume and resume way way way way lower.

All right. So that's some risky stuff there. Um, what can you do to avoid something like that? Well, there's not much you could do to avoid it. The fact is, we there was no trade in this.

As soon as I realized that the headline that the catalyst was a buyout. I wasn't interested. But remember how I talked about. This is a very quick due diligence process.

The stock is immediately squeezing up 258 percent. I pull it up. it's trading hits a high 315. It pulls back for a moment to 272.

it curls back up. I jump in a thousand shares starter. At about three, it hits a high of 315. Again, double top.

And then someone said hey, it's a buy out and it's at 3 25 and I said oh okay, then I'm just gonna sell it got out. So the reality is, um, I'm okay with losing 100 bucks to be really quick draw. You know if you're a quick draw you might. You might have a couple misses, but as long as you're managing your risk well and you just jump right out, then it's okay.

And so I feel that. I certainly did that. But once you know it's a buyout, there's no more trades you wouldn't trade anymore. But the people up here that sold eight 600 000 shares.

All of these people that sold, well, you know I. I don't even know. I mean they. I guess they lucked out.

I don't know if I don't know what's gonna happen. I'm not sure. So anyways, um, you know it's unfortunate that that happens, but it does happen from time to time. So all right, so that's um, so that's Ptpi.

All right. So that was that trade. So the first trade I took today was on Bttx. So on Bttx.

this one was squeezing up this morning and I got in at 2 30. we had a little bit of an algo spike here. I wasn't really super interested in it. To be honest, I was like only bought 3 000 shares, got in at 30.

we got a squeeze here up to 41. only took two cents of profit on it. I just was like, you know what? I'm not feeling it. I just don't really like it.

It just doesn't feel trustworthy. So left that one alone. After that one trade tblt news comes out. I think it was 8 30.

Starts squeezing up here right at 8 30 micro pullback. There are a lot of opportunities on this micro pullback right there. Continuation here up to 540 micro pullback hits a high of 560. Double Top breaks through that level up to the high at the Open.

You got another trade here up to 581 and then a nice trade up in this area. right in here. right in here. A lot of good opportunities on it.

I under traded it. I only made 1400 on it, but that's okay. Made a little on it. Uh, Pgy? This was the last one and on this I took the trade on break of Vwap uh, pre-market That was right here.

As it broke through, V-wap got in a little high at twenty dollars. It had just popped up from nineteen, but rode the momentum here. Added on a micro pullback for the break of 21 and we got to squeeze up to 2143. Then we got a dip off V I bought the dip, took profit comes back up here to a high of 21.09 I closed the position before the opening bell and that was it for me.

so I ended up selling off at the open. Today's a pullback day for Pgy, but still strong on the daily and light volume pullback so it may have more in it. Hkd this was on, uh, watch for a number of traders. daily.

Continuation: Uh, of course the problem with this one. Um, similar to Pgy, large spreads, a dollar a share so you've got a fair amount of risk on it. and unfortunately, I don't feel that I can afford the risk so not willing to take too much risk. So no trades on Hkd.

Uh, Salmonelli had that one on watch also tied from yesterday. Looks like it's pulled back, but I had a nice move pre-market at 640 up to 179, so definitely had some opportunities on that one as well. So good job Manoli on on Hkd and Tyd. those are some good trades and uh, for those that managed to close in the green today, good work.

It was risky. It was pretty volatile, but um, we had some opportunities so that's what's important all right. And uh, those tuning in on Youtube. If you'd like to check out the Daytrade Dash software, uh, you can join the wait list right here.

We're going to open it up on I believe Sunday, so folks can be using the software on Monday. As a member of Daytrade Dash, you'll have access to, uh, a daytrade chat room. Uh, you can subscribe to an audio video broadcast from me, so it's the same broadcast that goes for warrior members. You'll have access to breaking news and you'll have access to all the scanners.

The only thing you won't have access to is or are the classes, but for those that want a chat only broadcast ultra low latency. You're welcome to join the waitlist and we'll give you a link to to join on uh, Sunday so you can have access bright and early Monday morning. All right? So that's it. Uh, for me, that's my recap and I'll be back at it first thing tomorrow morning.

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