Kuumba means creativity … something I’m a fan of, particularly in trading.
Stocks from yesterday’s watchlist that did what I expected were CBAK and AENY. AENY had a huge gain today, while CBAK gapped down a bunch after its rumors turned out to be false. There are a couple really nice stocks for tomorrow.
PIP – I’m short-biased here. This thing was a day-trader’s dream today, up 120% at one point on no news. While it faded hugely, it still has more downside.
ICXT – This is an airport security play that has been hot due to the Detroit underwear bomber incident. I will look to short aggressively on fading price action or a huge vertical spike. I expect a huge spike in the morning considering that this hit $10 towards the close of after-hours trading.
IDN – Similar chart and similar story as ICXT. Much lower volume, though.
RAE – Nice move, maybe more will come?