OddStockTrader Scan 5/18/2020

by | May 17, 2020

Hey Guys, had a fun normal weekend for the first time since February. It was odd but nice. I felt like being the first one out to “hang out” would be the least risky vs. 2 weeks from now as the likelyhood that everyone going out has been fine for a long time and risk of the virus was probably at a low point. Anyways, it was a nice mental reset to just be out hanging with friends.

Most of my focus tomorrow is going to be on pot stocks since the Bill that was passed in the house included banking for weed companies. If the momo from ACB spreads to the rest in the am it should provide some great trades. Here is my list for tomorrow.

VTIQ – Thinking likely morning pull towards lows and then full rebound back over $25s. Likely play the calls here as I don’t want it to suck all my focus.

SRNE – Parabolic short trade here for me all the way. Hope it gets back up near $10 for the trade. However will play it based on how heavy it actually is within for 20 mins of the day.

SHRMF – Killer trade here and it closed well. Kept some for continued swing and possible blow-off move tomrrow.

RVVTF – Another Shroom stock I will be keeping my eye on. That .15 is the key level

NCLH – Gut tells me cruise lines are very close to the bottom yet again. I want to play this with far OTM call options tomorrow am on all three. I will be keeping out of main trading account to just let them work. If the pandemic starts to shatter numbers in 2 weeks though it will be a failed idea. However, the first feeling I got going out was to book another cruise. That is pretty much my entire basis for the trade so don’t read too much into it.

ACB – Big move and I think shorts are still stuck. Looking for parabolic move to maybe short into but volume tells the story here. Possible $15+ for the short trade.

CGC – Similar idea here but depends on overall weed market. Probable gap up and run into $18s

HRVSF – Like this for swing trade and 1.50 breakout

NLBIF – Has held up well but could easily shred back to .2x’s If the .60s breakout I will probably join but ONLY if ACB and others take the lead higher.

BILZF – Spec weed long swing trade here. Dan Bilzarians company. Never really had an up day since his Instagram post about it but a familiar name to watch if everyone sparks.

MMNFF – Similar idea as above but this one had nice volume Friday. The .22 level is really big on the breakout. If it does it early with volume I will join the trade.

MARA – Keeping on watch since Bitcoin had a decent bounce over the weekend.

JCP – Not sure what ticker will be but will be looking out for it and putting it on scan for rest of week. Probably JCPPQ

3 Comments

  1. Thanks, Cody.

    Reply
  2. Cool Cody.

    Reply
  3. Thanks

    Reply

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