There are all sorts of ways to approach the stock market.
I mainly focus on sketchy low float stocks during my Pre-Market Prep sessions. But I try to drop in some “real” stocks too.
For those who prefer swing trading more legitimate company stocks, I suggest you subscribe to my no-cost Weekly Watchlist.
It’s a great way to round my daily market updates with a mix of swing trade and day trade ideas.
Here’s what’s going on today…
Here’s what I like to see! Ault Global Holdings Inc. (NYSEAMERICAN: DPW) has run many times before. It had a big move last June. Then it ran again last July and November, and again this February.
It’s got good volume and BS news. As of the premarket, I was hoping it would have a chat pump that really revved it into dip-and-rip territory. Check out the chart to see how it did!
I’m still watching for a $10 break on Clover Health Investments Corp. (NASDAQ: CLOV). I’m always watching the high-of-the-day list, and this one looks like it still has the potential to move. It’s my back burner squeeze idea.
As a Michigander, I’ve had a love-hate relationship with General Motors Company (NYSE: GM) over the years. More on the latter side in the past decade or so. Right now, it’s a surprise earnings winner. But if you ask me, this huge company with a high stock float might just bore you to death...
A follower asked about Farmmi Inc (NASDAQ: FAMI) … This one is not my style. It had a huge gap-down, ground back up, then gapped down again. For me, these stepped bounces are meh. I just don’t see an edge.
With BioLineRx Ltd. (NASDAQ: BLRX), I’d consider setting an alert for last night’s highs. This is a pattern I love to see — but only if the price action lines up.
Organicell Regenerative Medicine Inc (OTCPK: BPSR) had some news. It’s a sketchy stock, so the content of the news doesn’t matter as much as how the stock reacts. My advice? Only trade breakouts — ignore sideways price action.
What’s going on with sketchy stock Ibio Inc (NYSEAMERICAN: IBIO)? I don’t hate it, but I have reservations. It’s a higher float stock, which means there are lower odds for a dip and rip. A stock like this requires a tight trading plan and the discipline to stick with it...
Precipio Inc (NASDAQ: PRPO) was a watch yesterday. But I’d prefer that a stock like this hang around the highs. It didn’t do that. It got destroyed, so shorts are happy. I talk about approaching plays like this…
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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

12 thoughts on “Pre market prep- stock market 05/05/2021”
  1. Avataaar/Circle Created with python_avatars chan f. Julio says:

    That’s not a Demon, it’s the Devil 👿 himself.

  2. Avataaar/Circle Created with python_avatars Cristi Wamsley says:

    The demons are on point! Thanks Tim for that great explanation of that. Greatly appreciate your hard work you do to help us all
    Your awesome 💯

  3. Avataaar/Circle Created with python_avatars J Z says:

    Followed DPW for years. Friends don't let friends buy DPW pre-market. Repeat after me never buy DPW Premarket. Late day is usually best

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

    Love the demons 👿😈

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

    BSPR could EASILY gap up and become a breakout ..

  6. Avataaar/Circle Created with python_avatars madson silva says:

    Thanks so much Tim, for sharing, helping and advising with your wise thoughts, I appreciate it a lot!

  7. Avataaar/Circle Created with python_avatars Jae Treez says:

    Thanks My guru!!! Preciate all your teachings. Damn demon shorts. lmao

  8. Avataaar/Circle Created with python_avatars Yaxaira Rodriguez says:

    Damn, you went hard as hell on FAMI and the people that trade it, LMAO-tell me how u really feel-yes, its a shit company, like most say they are, just trade the stock. I bought this sucker several times and those baby bounces offered up to 50% return on investment – hugssss-love the insight-thought process and your style for sure

  9. Avataaar/Circle Created with python_avatars Bottoming Stocks! says:

    Been GM since 31. Love it!

  10. Avataaar/Circle Created with python_avatars Bottoming Stocks! says:

    BCH to 4K by July!

  11. Avataaar/Circle Created with python_avatars Rimantas Miezis says:

    Demons are great 👌😈

  12. Avataaar/Circle Created with python_avatars CJ Kanash says:

    The demons were awesome in this one. LOL . Always here everyday. Super appreciative!

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