Stock Watch 2.4.11. ” When Muddy Gets You”
Another awesome day in chat. There was some great calls with HDY SCON and FIG. However the excitement was on CCME. Muddy Waters research has some heavy clout and usually when they latch on to your stock it’s all but over. I would have blindly shorted this but Citron research (another high clout smacker) already pounded CCME 4 days prior. I did not expect a $5 drop or I would have shorted the nuggets out of that thing. These are the same people were behind the RINO fiasco a couple of months back. In RINO’s case they were halted and the stock was destroyed. I know expect the same to happen to CCME.
Thursdays Trades DCTH (flat) HDY (+275) IBCP (+200) FIG ( Flat) SCON ( short from 3.19 still open )
Watchlist CELL SMCI AUDC TGE SGI DBLE
Previous Watchers: TA SCON DEPO EEE CRUS CCME
CELL
Reported good numbers Thursday and went up 30% on 3x volume. As you know these earnings runners can last for days. If there is stable to bullish action this thing could print much higher.
SMCI
This has been secretly going up all month. No significant news behind the run so I will remain neutral and see what the market shows us.
AUDC
I would be interested in buying some of this above 7.80 for a breakout trade and a push to 8. There may be a short if this fails a couple of times at 7.80
TGE
Clea break on the daily chart and at 52’s. That’s a recipe for higher prices. Like to see some early consolidation followed by a breakout. I wont chase this up if it gaps
SGI
Another gap up earnings play. Do what we always do here, look for potential breakouts and pull backs to buy into. Probably not a good short unless it goes up 20% more
DBLE
We have been talking about this for a while. It’s such a low floater that I have backed away from buying. I think the rr is gone to the long side. I will monitor to see if maybe a short will open up.
SFN
VOXX
