Did you miss last week’s hot runner?
Remember this … Even if you didn’t trade, you can still learn from a stock’s performance.
Here’s what’s going on today…
On Friday, I had a three-hour webinar for members of the SteadyTrade Team. I talked a lot about what happened with last week’s big runner Brooklyn Immunotherapeutics Inc. (NYSEAMERICAN: BTX).
It kept following a similar pattern over and over. Today I discuss why it’s still a watch this week.
Vaxart Inc. (NASDAQ: VXRT) had a similar story last week. Now, it’s an earnings loser. All the same, as of the premarket it had potential as a weak open red-to-green. But remember, traders should never try to pick bottoms. Trade strength!
Another of last week’s runners, Ocugen Inc. (NASDAQ: OCGN), looks like it wants to reach all-time highs. As of the premarket, I thought it had potential as a morning dip and rip or an afternoon VWAP hold.
A follower asked about Twitter Inc. (NYSE: TWTR) … oof. It was an earnings loser last week. As of the premarket, it was 30 cents green on the day. Honestly, I think it might be better as a short swing trade idea. I think Twitter’s in trouble unless it changes its ways…
I can’t figure out why Ashford Hospitality Trust, Inc. (NYSE: AHT) spiked on Friday. It wasn’t on my radar because I was so busy with other stocks. Nothing jumps out at me news-wise, and it’s a higher-float stock. Personally, I think there are better options out there.
I’ve been talking up gun and ammo-related stocks for months now. Ammo Munitions Inc. (NASDAQ: POWW) had some movement on Friday … But there was no real catalyst. I’d like to see this one break $8 before it’s a strong watch for me.
Apparently, SuperCom Ltd. Ordinary Shares (NASDAQ: SPCB) has a new price target. But it has no volume. If you ask me, it’s sketchy. Be careful with this one.
Wow, I can’t believe Lantronix Inc. (NASDAQ: LTRX) is still around. These guys were awesome in the 90s … I have no idea if they’re still great, but they are a recent earnings winner. It’s a breakout over $6, but kinda boring...
Honestly, I had higher hopes for NFT (non-fungible token) plays. Given their lackluster performance, my stance is more ‘whatever’ than anything else right now. So Hall of Fame Resort & Entertainment Co. (NASDAQ: HOFV) isn’t a big watch for me right now.
Clover Health Investments Corp. (NASDAQ: CLOV), on the other hand, is a watch. It’s heavily shorted, and you know how that can create big moves...
I’m surprised that nobody asked about Regional Health Properties Inc. (NYSEAMERICAN: RHE). This low-float stock squeezed on Friday. As of the premarket, I saw it as a potential dip and rip over $10...
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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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By Stock Chat

where the coffee is hot and so is the chat

7 thoughts on “Pre market prep- stock market 05/03/2021”
  1. Avataaar/Circle Created with python_avatars Brian Kaskie says:

    Morning Tim!

  2. Avataaar/Circle Created with python_avatars name name says:

    how to find out clov is heavily shorted, is it via twter scan and alot are saying they are

  3. Avataaar/Circle Created with python_avatars name name says:

    yes about twtter, they dnt let me spek, also here on utube, they dnt let me say things, thats the reson I type lik tis… they take my cment away usualy if I typ clearly

  4. Avataaar/Circle Created with python_avatars RudolphAnthonyG says:

    🔥

  5. Avataaar/Circle Created with python_avatars Kyle Armstringvvg says:

    Makes me wish i didnt sell btx at 11 😭😂

  6. Avataaar/Circle Created with python_avatars Okie Tradez says:

    HCMC no liquidity thats the biggest BS ive ever heard the thing trades 8billion shares a day.. wth

  7. Avataaar/Circle Created with python_avatars ♡Loveio☆ says:

    Buy the book. I spent just as much in broker fees for my first trade than I did on the book. Just buy it.

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