Less is more – scan tonight is slim we’ll take a look at pre market gaps and add on a few from there

Today contrary to my PnL was pretty good I thought over all we nailed quite a few but I just got stubborn on one trade – the good news is most of you couldn’t short it — the bad news is I didn’t stay away from the crowd as I ALWAYS try to do — The trades I have a high conviction on are mainly after people have stopped talking about them — when everyone and their mother is short — I should be covering MORE into the washouts than I was

Additionally on the morning wash I absolutely nailed entry and cover but only got part covered and instead of covering the rest I decided to fight it from there — totally silly on my part

Anyhow EYES I think late day — worked well, CLRX raised again which is wild — but once again shows why I take 1/2 off into any big over night ramp into close when it goes straight up into the close (not that I was over night but I know some where)

 

Biocept, Inc. (BIOC) ideally = $5 gap and pull but reality is it’s gapping down already after hours who knows — I’m more mad about how I handled it and covered like an emotional rookie than the loss itself — I will still go back to it and short with a more clear idea like GENE CAPN without trying to make a trade work

Gogo Inc. (GOGO) more upside after hours watch all dips use $18 over/under as a guide – this can run

ArQule Inc. (ARQL) weak open was over/under $1.60s as a guide for more — these types have been running

Second Sight Medical Products, Inc. (EYES) gap up para is ideal then sit back — like I said yesterday this can have some staying power $15 is very possible I may have been early a few times today but I let myself be wrong before nailing the trade a few times no the back side — def looking for this one on para or back side tomorrow s/s

Capnia, Inc. (CAPN) all pops = s/s soon I think we’ll see $4.50s

CyberArk Software, Ltd. (CYBR) all pops s/s maybe fade off to $55

Helios and Matheson Analytics Inc. (HMNY) newsletter pump and dump they just picked a low floater, shorts shorted cuz it was a pump and now they are stuck — let them squeeze it out again then this sits back to $3.50 in coming days IF they don’t keep trapping — CAUTIOUSLY short big pops

Chegg, Inc. (CHGG) weak open ramp for $8.50 + held with much lower vol profit taking — these are type I look for next leg up in 2-3 days (only off weak opens)