Back to work: Early movers. . .ARIEL [ADSP], of course. . .trading at 21 up from close of 10 3/4 [over 2,000 trades]. . .short-sellers in tow. . .ouch!
AIMM [Autoimmune] at 2 1/2, up from 17/32 on 243k traded in 624 trades.
ELCO [Elcom] at 9 1/2 up from 8 1/32
Congrats to anyone still in LANV. . .closed at 1 29/32. . .now trading at 4 1/2. . .again. . .2.7 mil float once again the culprit behind this one being the biggest percentage gainer of the lot.
Well. . . I was totally wrong on ETYS hitting a high. . . now trading at $69! That's up $5 from where I sold. <smirk>
On Wednesday, the issues that were daytraded in the pre-market were the ones that were most heavily traded throughout the day. . . there will come a point this morning, no doubt, where daytraders will have had enough of ADSP and hear of a better issue. . .and leave it behind without looking back.
Remember, too that on micro-caps and small caps, once they pop towards the end of the year, they usually begin to sell-off for tax loss write-offs. This could be the sole purpose of the pops. .. as market makers want out high, thus manipulating the stock higher to cause a buzz, which attracts investors who buy it high, in hopes of it going higher. . . the market makers then sell their inventory at the high, then turn short for the rest of the year, in anticipation of tax loss write-off sell-offs. . . . makes sense.
So once these things pop, I am out. . . in not totally, partially. . .still many yet to pop over next month. . . William's plays are going to soon be the ticket to real gains. . .as again, I expect market sell-off to start first thing Monday morning.
Best wishes today. . . follow the rules. . .no bad trades. . . no giving away gains. . .
This is my favorite trading day of the year. . . hardly any MMs around and we all get to go home early.
Rande Is |
