Yesterday was an incredible day for low float stocks.
If you’re attempting to catch moves like we saw with Brooklyn Immunotherapeutics Inc. (NYSEAMERICAN: BTX) or Regional Health Properties Inc. (NYSEAMERICAN: RHE) yesterday, you’ve got to look at the stock float.
A lower-float stock means there are fewer shares readily available to trade. That reduced supply helps create the demand that can create dynamic stock moves.
Here’s what’s going on today…
I’m still watching Vaxart Inc. (NASDAQ: VXRT) … It had good news last night. Idiot shorts keep trying to guess the top, which keeps squeezing it higher. As of the premarket, I liked it over $10.50 with a risk at $10.
My second main watch today? Precipio Inc (NASDAQ: PRPO). I’m hoping for a reclaim of $7 with a risk on VWAP.
Yes, Regional Health Properties Inc. (NYSEAMERICAN: RHE) could still be in play today. As of the premarket, it had potential as a weak open red-to-green...
BioLineRx Ltd. (NASDAQ: BLRX) is a super-sketchy company. That’s not such a bad thing for day trading! It’s only kind of low float, but this morning it was at 52-week highs and it had incredible volume.
As of the premarket, it looked like a textbook dip and rip. I’d love to see a chat pump around 9 a.m. Eastern to create even more short-seller bait.
A follower asked about Ocugen Inc. (NASDAQ: OCGN) as a potential red-to-green. Perhaps … But I don’t have much faith it will get there unless some news drops.
Here’s a learning experience: Cocrystal Pharma Inc (NASDAQ: COCP) is not a breakout. It has a lot of spikes and fails...
This is the type of stock that needs to clear resistance before it’s in play. That’s why I call it an afternoon-only play. I explain why traders should compare this daily chart to BTX’s daily chart to bring the point home.
I still have hope for Clover Health Investments Corp. (NASDAQ: CLOV). But something needs to happen — it needs news or some catalyst.
Someone asked about Organicell Regenerative Medicine Inc (OTCPK: BPSR) as a dip buy. Nobody believes in personal freedom more than I do … But I really don’t know why anyone would choose to dip buy a stock that has a maybe-catalyst related to a no-longer-hot stock sector.
Finally, a lot of followers asked about Dogecoin and Bitcoin. Listen, in 2020 I recorded a video about how I thought 2021 would be the year of crypto. Watch this video to understand more about my take on the sector. (And be sure to check the resources page I link for you in the P.S. It’s there to help you learn!)
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By Stock Chat

where the coffee is hot and so is the chat

8 thoughts on “Pre market prep- stock market 05/04/21”
  1. Avataaar/Circle Created with python_avatars Julio Corona says:

    Thankyou as always tim for the knowledge you put out when you don't have to. Thankyou for helping me I'm always taking notes. Be blessed as always.

  2. Avataaar/Circle Created with python_avatars Dee Fetz says:

    Thanks Tim 😊 you rock

  3. Avataaar/Circle Created with python_avatars John Rock says:

    The end was the best

  4. Avataaar/Circle Created with python_avatars Illz Colorado says:

    In Doge at .03 😊

  5. Avataaar/Circle Created with python_avatars The Don says:

    great motivational speech…

  6. Avataaar/Circle Created with python_avatars C Lue says:

    Thanks

  7. Avataaar/Circle Created with python_avatars Hola! Joe Bloggs says:

    Thanks Tim, please keep up the amazing work man!

  8. Avataaar/Circle Created with python_avatars M-Gaming says:

    nice! cheers Tim!

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