OTC Scan 11/11/2016

by | Nov 10, 2016

Heck of a day and not just in OTC land some fun Nasdaq runners took off today in DRYS and SAEX. I have to say definitely got waaaay to early short bias on FNMA and it sucks as I just had that ramp into the close feel but oh well…tomorrow is another day. Fridays I try to get out early and really want to go to the grand opening of my buddies new gym in Scottsdale so might head out for that early depending on the action.

I have been hearing from a few people lately they are not doing too well in the markets and getting on the wrong side of stuff. If you ever need to reach out, feel free, I am glad to assist anyone.

WOW pot stocks have gotten destroyed…we talked about it each day before the voting and plan was the be nearly all cash into vote and hope that nearly everyone did just that….going to be a fun SCOOOOOP day tomorrow on some of these…i say some as other may need an extra day

FNMA – Pretty massive if you really look at this history of this chart. Likely gap and shove into .75-80s or more…if it does that depends on the action but likely take a short on this one…I will be cautious about it and messed up the long pretty bad with early sells under .20s today.

WLTGQ – Nice continuation and .25 touch today. Looking for any rush to sell rest as I did sell a little bit today, great swing overall though.

MCOA – MAIN BOUNCE WATCH I already have some small .0359s but if we can anything near or sub .025 (again L2 will be telling) I will likely go big size on this one.

BTUUQ – Nice continuation on this today as well and it held gains ALL day, so really think we got some people stuck short again and could very easily see $20+ in coming days.

AMMJ – Looking for .50 wash and snags

CBIS – Looking for .03 wash and snags, only 2nd big down day so might be a tad early and really think .022-025 is the true low spot.

CNBX – .50 wash and snags

 

 

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