Scan for 05/23/19 From Nate

by | May 22, 2019

We have another massive squeeze setting up potentially on OBLN

Killer read in the room I hope many stayed safe.

50 million + shares is a different beast, always.

Workout in the AM – so be on desk a bit later but still early.

OBLN remember the discussion 50 million + ……… crazy going to be an interesting day tomorrow. Huge trap into close then the CEO resigns …. it slams with HUGE offers after hours but none filled only bids where they soaked MORE so shorts are still trapped, hard. I’ve got a work out in the AM early but I’m ready to trade this one. Can’t wait. Open mind here, anything is possible. I can see a MAJOR short squeeze if it pulls/traps off open and sticks around. Be cautious both ways whatever you do.

NOVN continues the break out – nice one off scans recently. Weak open and another shove $2.50-3 + is ideal

ASCMA ideally gives a bit more I did hold a bit — was ok trade but once again newsletter marked the top not once but TWICE. What else is new?

SE nailed off open nailed a few more times but I warned/knew this name is trouble to fight – I did keep a core through many of the trades which minimized the trades I was making despite having good entries.

USAT weak open and trend join again $7.50-8 +

AXSM keeps going – stalk mode for me. Should be good soon.

SYMC same idea as today, higher better and looking to fade the profit taking.

TVTY morning shove re-test todays resistance and fade.

ZM nice this AM – quick $ but lost off radar higher better for back side

LK can we get a re do? Oh … my …. G*d destruction. Looking to keep fading it sub $14 ideally then maybe a rebound

IOVA nice idea for the dip buys and thinking this will have a break out/continuation swing idea this week — I am not long unfortunately from the idea earlier this week but worked well news AHs an over $18 … possible AXSM AMRN ish where it just doesn’t come back and keeps grinding towards $20 +

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