 All right, cyber traders welcome on back here this Wednesday, August 9th. Great to see Billy still with us here are still with us here I should say John made Kathleen Later mark Michael and all of our students here inside our live trading room Just let me know if you can hear me loud and clear typically if I have one of us I have all of us, but great to see later at least joining us now a few more of us rolling on in so perfect Great to see you there great to see you back perhaps otherwise on social back on Facebook Instagram LinkedIn Twitter YouTube Etc now hey for right now the markets are zooming on up higher trying to make up for lost time from earlier today And with that hopefully an even stronger close ahead So we'll focus on the market more so in just a moment the TNG X it's on a screen to begin It's top percent gainer as well. So, you know good timing with just to start off on this trade So tango tango therapeutic therapeutics ended up showing some good activity this morning in pre market when I say activity I mean, you know, there's trading a lot of volume. I mean, hey, it was up big percentage wise That doesn't necessarily mean a it's gonna move up And doesn't necessarily mean be that there's going to be easy to see levels on a stock like this Because there are not easy to see levels and even with that in mind Well, hey, it's still popped and moved up quite nicely So you might ask well like where should I have gotten in? What was the big entry to take? Well, if there's no real big level that you're very confident of just leaning into and jumping in then It's gonna be a lot harder for you to dictate that where right? So once it popped as soon as the market opened up, of course, we started to focus on it a lot further I went over this with a student just earlier My first big level on the stock was really not until like 610 and you know I'm not gonna do a whole traders talk little analysis of this movie right now, but it was off like 610 I think it was that was even back from the after hours yesterday when it first popped Well, hey for it to open up at $5 move all the way up to $6.10 and then test that level Probably expect a little pullback a little resistance little turbulence I mean just you could see it looks like it shook through it once and then broke over it How much higher from there and got halted this actually got halted I think only twice on the day I say only because again, you know, you you wouldn't really know this without seeing book map But this stock was going to get halted about eight or nine or ten separate instances today And whoever was running this thing up. They knew what they were doing so well to the point where you know Hey, this has rarely ever happened in the near nine years up in with Fausto and really Fausto is as shocked as myself on this For every time it was about to get halted They dropped the stock price just a smidge so it prevented the circuit breaker from happening And then as soon as they pulled it back a little bit They popped it up a little bit more they were trying to run it up without it getting halted and They were trying to manipulate it to the point where they were going to sell at a certain price and Well, it finally got halted later on it popped up more and more more got halted right here And then when it reopened up They just dumped off instantly at like $9 and 30 cents essentially and then from there dropped So it was a great trade for while it lasted but hey, you know what? Just a moment ago, and we're not out of the doghouse on this just yet I did draw a little line here. This was actually after the fact So I'm not gonna sit here and say that we had called this out It was actually after the fact I was looking for a big level just heading into this meeting and so wow like 696 692 you know a little under seven there historically back from end the last year that was pretty strong So granted it went under and over that purple line on the intraday chart Just a moment ago though. You saw the call out if you're Stacy or Corinne or Rod or Michael or any one of us here I was saying TNG X trying to hold support now It needs to hold around here between 755 to 765 and granted it's been chopping around there hasn't tanked any lower since so There's still a chance for this to really try and make that larger pop up and Continuated move and as I'm flapping my gums here This is really trying to make the push above 765 for right now So it has a lot more groundwork to do in order for this to be like actually worth our time now for the afternoon Typically for a stock. It's traded like 65 plus million shares on the day and Prior to today was trading like less than a million at least Typically, it's gonna be pretty exhausted right but given how much it ran up from earlier That's why I was at least you know given it the call out heading into this meeting saying okay Just watch out for this around that 755 to 765 here's book map right now level 4 I even turn the heat map part of this off just so you could see the white VWAP line here that I was referencing right off of 760 and I think even earlier maybe I Maybe I should have wrote 760 instead of 65. I wrote 755 to 765 together Maybe I should have dropped it down five cents and made it from 55 to 60. That's all so hey It's still in good grace here so long as it could hold over this white line the VWAP at 760 If it just snaps right back below this line as I'm talking then run for the hills be careful there So, you know for right now, I'll put this on our watch list even as I'm still talking This is shaking around there right now. So definitely be mindful of that drop I'll put this on our watch list to start though All right, so markets are still pushing up They don't really have too many name brand stocks like on the gainer side of big percentage wise So we're run into a couple stocks just on the side list in a moment Keep going from here though DBTX stock ended up making a nice little move early this morning But then it flattened out after I don't know if this is like a buyout or what I actually do care enough on that to check So normally where we kind of plate ignorant to the news Hey, if this is actually a buyout, then you don't really want to follow this here at this stage And you probably shouldn't know from the morning. So let's see Yep, so Regeneron another company announced that it will acquire DBTX $4 per share payable and cash at closing and then a whole bunch of other stuff on top So that actually came out early this morning in pre-market mind you so I wish that we knew the news on that actually ahead of time I wouldn't have been as interested in it. So it's trying to inch up the five bucks here a little bit But I'm gonna pass on it you want to know why I'm gonna pass on it folks Not just because it's buyout. I mean, that's the main reason honestly But you're gonna miss out on moves like TNG X here because now we're moving back on up. We're trying we're trying I don't want to jinx it here But let's see if this stack like this can keep going actually There's a new iceberg on the bid that just popped up here to seemingly about 29,000 shares a moment ago I just saw it 762 now about 14,700 shares Let me bring book map back into this here briefly. So like I said just popped up a moment ago 296 right there at 29,600 shares at 762 It looks good Definitely looks good. Let's see if it could end up, you know come into fruition here and really poppin higher So, you know, that's like also like a big reason as to why you don't want to follow a stock like DBTX I think that's flat and this is moving. I think you want to follow the ones moving Also, look out for that iceberg order for that to be a ladder by the way to watch out for that order to Holy smokes, you can't write this stuff folks. You really can't script it can't make it up It did it before even finished saying it watch out for the ladder watch out for the ladder here I swear to God, I did not see this before I started saying that You know, I was saying just be mindful to see if this order moves up here and squeezes this up Even higher from this point. So looks even better Let's see if this order doesn't get like pulled completely or if it doesn't get broken through Let's see if it can keep pushing it up All right, good timing there. You never know what you catch here during these meetings, right? And hey, if you're joining us on social media Facebook live LinkedIn Twitter YouTube I set her if you wanted to continue the commentary with Sydney Corrine Rod Suzanne Barbara Stacy Michael Donald Scan that QR code right there if you're on the stream access our live trading room from that point, but See what else we can grab here that iceberg order just got pulled be careful on that TNG X It didn't place it higher just yet. So it'd be very mindful about a shake down on that trade still All right, so we keep going through though. I want to look at my scanner here I don't want to keep poking at Benzinga here for right now We'll check back in on that trade in just a second Blink BLNK charging company EV charging company we traded the stock back during like really the pandemic before the pandemic perhaps, but No after the pandemic so we're in mid-mid-pen it just ended up making a big pop back then Just with the other EV stocks at the same time So, you know, hey if the stock can make a fraction of the type of squeeze that it made for us back then That's a that's a home run. That's a huge victory and it's only up 12 percent I mean, hey, just look at TNG X look at VTGN from earlier this week So 12 percent really isn't a whole lot. I like that especially with this You know moving back on up towards the highs here trying to make a move back up I'll add blink to our list here. Let's see what else we can get One of my favorite stocks AV XL. It's at the highs, but Little slow moving right now is this trade. So as much as I love this stock There we go. I knew this should be cracking up there on the side later as much as I love that stock later. I'm gonna pass on it Little update TGTX by the way that iceberg order I spoke about it got pulled at 770 But not only that a new iceberg order just showed up on the ask Resistance, I mean eight was already a big level, but now you have 62,000 shares at 796 And it's be careful there at this point more than ever Ten national gaming for any of my sports fans out there or sports gambling fans out there Ten ended up actually like branching off from media company of Barstool sports And the reason why that's important is well They owned and operated some casinos that they were opening up across this past year Ten ended up dumping them for ESPN and they ended up dumping them for you know ESPN in a big deal Where they're gonna be opening up ESPN bets sports books physical like casino sports books around the US domestically so You know had led to a nice overnight pop yesterday But afterwards as you could see a massive dump back down today You know tried to fill the gap end up essentially bouncing back up and here we are. I like the trend I really like this trend up on pen right now heading into the afternoon. So it shows that there's good direction It's tradable. It's not like on an ungodly spread I like it for right now definitely gonna add pen to our watch list here What else can we grab here right now? You got real our EAL not really doing a whole lot there All right, so let's hop over to the loser's side markets are on up So if there's anything else looking good going with the market anything that's popping right now that I missed Just type it in the chat boards just Collectively if you're on social if you're inside our live trading room Work together as a team here. Let me know if there's anything looking good But first hop over to the loser's side here. See if there's any good shorts NV I and I didn't notice this until now. I guess it's shortable, but Nothing really too special as of now. It's starting to bounce a little bit. We'll skimpy on the volume out there. Oh This thing's taken a hit today. This is Angie's list a NGI Angie Inc. End up dropping. I mean taking a huge hit over the last few years mind you But I don't know what happened today down over 34% Stock actually is shortable from trade stations point here. So, you know, hey, it's not only the fact that it's shortable That's interesting to me. It's at the lows and It's actually on really perfect liquidity the order size is not Extremely big to where I'd say it's like too much for it to cut through. It's not thin. It's on a penny spread It checks out really damn nicely How much lower is this gonna drop that I don't have the answer to I mean technically I guess we all know how much lower it really could go but yeah, I mean to see this drop down it looks like 241 242 ish seems to be a pretty strong level just from the long term from the weekly chart from back last year So seems like that could be where it could be heading here around 242 241 Not bad like 12 13 cents short on a $2 trade I mean think about it. You're taking a 12 13 cent win on a long on a $2 stock I that's it's a fair trade. It's not like an enormous homerun move. That's like a pretty solid trade on a thousand shares 120 130 bucks right P you be Ended up leading to an ice drop at first and then again It's like pulling back down a little bit more here, which I do appreciate So, you know what? I'll come back to it if I if I need to if this ends up dropping off more than I'll reconsider. Let's see if there's anything looking even better with liquidity DOCS here I got a bunch of stuff shortable I mean bunch of stuff down huge today Albeit the markets are recovering But actually a lot of stuff. I got to like sift through here fine-tooth comb the stocks that are shortable That you know trading some shares here and some shares there And do my due diligence here, right? I mean obviously Roblox gonna throw that right on our watch list here We were looking at that earlier. So we were calling it out all throughout the afternoon But you know first look at it here during this meeting mind you didn't bring it up earlier So just looking at it right now at the lows. We were familiar with this stock You know definitely no brainer that we're gonna follow Roblox still at this point Rod saying we we short as in we works you can't get the shares to short it though You know, it's hard to borrow. It's like a 12 cent stock. So in terms of how much lower could the stock go? Well, literally has 12 cents to go. That's it very close to the ground floor there We're not really trying to short a stock that Low in terms of direction, you know what I mean like direction is definitely stock the low of the day You know, that's something I'd look for if it was it was 10 times the price I'd probably still avoid it even at a dollar 20 cents a share It was a hundred times the price that I'd be much more interested. What was the one from? Yesterday or the day before sage. It was like a 17 or $15 short something like that. Oh, man I mean, you know dropped off. It was down big percentage wise So it ended up squeezing the next morning back up But that should be a lot more enticing because there's more physical room for that to drop off more, right? All right, so hey in total and summation as I like to say we got two four five stocks to work with right now Not too bad really not bad at all. I don't want to force anything out there But I did ask if there is anything let me know Suzanne with the LPSN I think that one kind of cooled off a bit now at this point nice trend where it bounced back up off from the lows and If it was still holding good strength on that trend like kind of a lot pen here, then I'd be a little more interested in it You know tradeable as good spread good order book and all that, but I don't think we're gonna see much more out of it Later asking oan oan going anywhere looks like it looks like it's going somewhere Especially looking at the weekly graph long-term graph there. It's been on a beautiful trend as far as a swing For a 36 dollar stock though to make 15 20 cents a share. We could do that on a much less expensive trade That's all Array had a nice morning Michael, but at this point it's toast not really as great of a trade right now I feel if you're already short from 23 then you're looking really good as I know you like to take trades just near the highs on the short But it's toast at this point. It's exhausting We watchers more life on this trade a little more a little more juice on this trade right now All right more of an afternoon pop and not only that's moving back up to the highs from yesterday You can see on my five-minute graph. It's up 10 percent. I Really like this trade. That's a good call out from Scott here Just be careful on the liquidity. It's on a good spread now But if it becomes more volatile, which is kind of what we want We're we would expect this to thin out more than so the volatility of a stock always could impact the The volatility of a stock always impacts the liquidity of the order book So if we're looking for this to push higher then, you know, we're likely expecting this to become more volatile Meaning we're expecting the order book to fit out should that happen So definitely a good shout from Scott here. I like this one. Let's jump to Benzinga. Then we'll finish up Hey, you know, this is why we work together work together as a team. It's not a matter of good call-out bed call out It's a matter of Can we make money on this trade over the next 75 minutes of our day? Can we make more money on this trade compared to others? So, you know from this point if we can nail a runner on wheat watchers that would be lovely if we can nail it on blink or You know even pen to recover off that bounce that's been on a hell of a trend See if that can keep going all of these stocks on our watch list so far I think give us the best shot to make some good money our ENB I reckon is trying to push up a small amount, but Similar to this as I said before on like TNG X if that fails to run higher than it's not to guarantee it's gonna tank it's just Exhausted, you know 31 and a half million shares on a stock like this where normally it's trading 24,000 shares 340,000 shares 96,000 you know what I mean, so I think that it's pretty exhausted right now at this stage I just pass on this on this right now From Richard saying ID AI that was one from earlier right from the morning I turned over to it when we were like kind of rummaging through before the meeting starting Pardon me. I was wrong with the morning part there Richard so more from the early afternoon Losing track of my time here been a long day, but with that though, it's like kind of just flattened out here So, you know if it was closer to the highs if it was still kind of moving on up to the highs there I'd be way interested in it just like the weight watchers, but I think it's ran its course at least for today It's for today. Maybe check back in tomorrow on All right, so folks we're gonna wrap up right now I like what we got so a really good list to work with heading into the final you know stage of this afternoon If you're interested in joining our live trading room once again on social media, you could have just clicked that QR code scan that QR code with your phone as I pop it up one last time just to join our live trading room join Richard and Kathleen and Michael and Grant Leda and all this just there right now But otherwise, you know, hey, if you have any questions before joining us here I always like to post my email at the end of the streams Josh at c2train.com is the handle All right, we're back to a bunch of us over the last day and just I think there's one or two more I didn't get the chance to write back to you at like longer trade related questions So I'm gonna make sure I get to you just as soon as we finish up the day today folks But you know keep the questions rolling on in and for later Michael Scott and all of us here right now Best of luck trading. I'll be in the chat board up until 3.30. Talk to you all soon. Take care