 All right, good afternoon, sever traders. Welcome on back here this Wednesday, April 5th, shortly after 2.30 PM Eastern time. I believe I am good to go across both ends today. Barring no audio issues here. Great to see all of us live inside the cyber group room. John, Ron, we have Dan, we had Brian just before. A few more of us, Sam as well. Great to see all of us there. Great to see all of us back on social, at least, Facebook Live, LinkedIn, Twitter, et cetera. Actually, really quickly, for all of us there right now on YouTube, hey, check out one of our most recently posted videos. Actually, we ended up making a small clip and we posted it on our YouTube channel, that is. We'll actually post it in the comment section right there in the bottom there and post on the stream there as well in the chat there. But we ended up actually providing a small taste, a small clip of our Traders Talk workshop for any of our students, at least, like Franny and Carol and Steve that are just joining us right now. Hey, that's on the Student Dashboard in full, the full one-hour workshop of Traders Talk yesterday. That should be on the Student Dashboard at this point. If you wanna at least click that link as well, you could as well, and just to get that small clip at the same time. But, hey, for right now, IFRX, there is a lot to go over, not just on this trade, but among many others for right now. Market's starting to kinda bounce back up a small bit, but really just across the morning, into the afternoon, has dropped off steadily. My favorite type of day. Whenever the market drops off and we have a couple of good chances to find some good runners on the way up, I love showing that. So, yeah, IFRX, this stock, not even from today, but from yesterday, right? Ended up making a big pot from two, ended up closing just a little under four, then from there, it gapped up much more this morning, at least. So, the thing is on this trade, eventually it's gotta pull back, right? Eventually, for as much as it pumps up, it's gonna begin to pull back, make a head fake, flatten out. So, we know that to be around 10, 15, 10, 30, Eastern time in terms of like reversal hour. Well, hey, this stock was trending up, leading into the open. It ended up making a strong pop afterwards. I will tell you, off a halt level of 550, it was a bit of a pain in the ass, but finally ended up making a nasty shake under, and then back over and led to a beautiful move from that point. So, I was able to capitalize finally on that trade from the 550 level right at 10 o'clock, led to a great move up higher. So, at that point, all right? Well, considering yesterday's run that it had today, we're getting close to reversal hour. At some point, big trees will fall hard, right? So, this ended up making a pop up, it got halted, well, it reopened up, it got halted on the way down, and very often, we tend to say here, when a stock gets halted on the way down, for the time being, certainly, it's game over for the stock. Now, with that said, it did drop off quite a bit after, it flattened out quite a bit after that, it was game over. There was no need or business to be in this trade during late morning, early afternoon. But thankfully, we can at least say, right? Not every stock does this actually, but this was so strong where it ended up building back up, broke back over six, moved back up towards seven. Seems like it's playing the whole number of levels really well. 550 was just the halt print level that I had there. But really, five, six, seven, if it could break higher, eight up top, I know is a Key Iceberg level there from Bookmap. Actually, if I could, give me a quick second here. Got a lot to talk about here this meeting, folks. So eight presumptively next resistance here. Next major, one, seven, 20, maybe small order now showing on the ask. So eight, but actually not even eight. You'd still assume eight, if anything. That definitely is still gonna be a level regardless, but your iceberg is actually at 795, 50,000 share order. So that certainly will be a level to watch alongside the whole number there at eight, the combination of them together. But yeah, either way for right now, I'm gonna put this on our list to begin, see if it ends up building a higher low now at this point. It needs to, if it wants to make another crack back up towards seven. This is the end of the show here and it only dumps off from here. Then I'll probably just take it off our list, right? But for right now, it makes the cut. All right, so we wanna talk about IFRX. We wanted to talk also about the ATNF trade, right? Whoo. So what happened here, right? I mean, it was trending down on the daily chart. So it's easy to say that, what goes up comes back down. It was a pop and drop, but that's a sharp drop though. It ended up getting halted on the way down. So this was news related. This was in relation to a direct offering of shares. This is where I'll tell you, we tend to see this type of news play out more in pre-market, more in the after hours, comparative to just during the middle of the day. But that being said, it could happen at any given point. Like we've seen it happen at like 10 o'clock in the morning, 12 o'clock in the afternoon, obviously there at like one o'clock basically. But on this trade, the key to this was not just the drop off that it had suddenly here. It wasn't up as much as that IFRX from yesterday into today. So perhaps there could have been good reason to see more. I mean, this was building up really well, wasn't it? So I wanna go over this one very briefly for any of our students like Leda or Michael or Carol for any anyone of us here live right now. Because on the AT&F trade, we talked about this beginning as early as 7.36 in the morning saying that the AT&F has support at 225 resistance at 270. That was taken from book map. We were just kind of looking at book map and saying there was a key level of 270. And then from there, even at 12.35 in the afternoon, I was on a coaching call with one of our students, Jeff. And I mean, we killed it on this trade. We were in from 232 as it ran back up. But we were saying, well, hey, we still see big resistance from pre-market. It's holding it well right now. And that was pretty much right at the point of 12.35 here. Before the first big drop actually, it moved back up again and then broke lower. But ended up holding perfectly under 270 for the time being. We ended up getting out just a few cents under that price. I think like 264, but definitely a good decision because we were not expecting as big of a drop if anything. We weren't expecting the news to come out, right? Who the hell knows when that's gonna come out? Director, common stock offering of shares. So yeah, right now I'm gonna scrap this right now. I actually tried looking for a bounce and it was a bit of a risk then really an educated trade for as much as it dropped. I did look for a small bounce at 165 and I ended up taking a three cent loss. So it was a really fast trade because you're looking for a really fast reaction. So that actually was kind of cashing the fallen knife there. So it goes to show it didn't work out in my favor, only dropped off that much more at that point. So yeah, I'm not gonna focus on this as much right now. All right, so a quick water break in between there. Now this one at least I'll tell you, I'm still in on half my position. This WAL out of nowhere just popped. Richard called it out saying it got halted on the way up and just before I was saying, hey, it ended up making a nice move. I was calling out FRC at the time and I took a small loss on that. You know, I was kind of looking for a sympathy play with FRC looking for a nice pop to go in alongside the WAL didn't work out. So that's where I transitioned my focus back towards WAL and I was saying right at 149 Eastern time, WAL nice bounce. Oh, let me get the actual call out there. That's the follow up actually, pardon me. 138 Eastern time, WAL looking for support at 2880-ish but not going to catch the falling knife. You want to see a break under them back over. So it did just that, made the perfect move basically. Under, over, took the entry, led to a beautiful bounce. I still have half my position left but I scaled out the first half right under 30. So really happy with the way this went. It's kind of just home runner busts for me on this trade at this point. I'm very content either way. So more for academics than anything. If it ends up making the higher high though this could be a really good short squeeze taking us into the close. It already popped up pretty nicely beforehand but this is probably the most volatile of the bank stocks we've called out over the last month or so. FRC probably the second most volatile. You could see where it popped similarly here but fell apart pretty quickly as well. So I wanted this to hold support off of 1362-ish. I think it was, it was the show. It didn't make that move, right? It reacted pretty quickly but the other way. So obviously right now WAL out of all of the bank stocks I'd be more interested in. But for right now I'll just see what else is out there otherwise you got the key trade little up and down move there not much to write home about on that. What else do we have? Pack W, that was the other one, PACW. Yeah, so it popped up earlier too. I didn't really follow this one as much. Yeah, I mean for right now the WAL I guess I'll slip on the back end here for right now on our watch list. All right, so that makes it two so far folks. Two stocks, at least let's go from top to bottom right now. See what else we can find or add to our watch list here. LMNL just to begin, this was a proposed buyout. It wasn't like an official one, I don't think but either way it's certainly moving now as if it's an official one. So we're gonna pass on it here. Buru, B-U-R-U. I mean we weren't really too familiar with this trade going into the morning so no surprise it only dumped back lower heading into the afternoon. It looks like the stock trade's very skimpy volume day to day. I think I was going over that with one of our students as well on a coaching today earlier but yeah, I mean just whenever there's a stock that at least for myself or Leda or Glenn or Grant any of our like long time students that have been with us for let's say even a couple years just two years, I'll call that long time student. That's plenty of us here actually inside this trading room. Well the more you're with us you could at least say hey, you tend to know what's a familiar name and for a stock that becomes a familiar name it needs to gain your trust, needs to gain your respect and this stock I have never seen before. It's a new IPO from the end of last year but I don't think we've ever traded this before. So very low volume, very low float. I was pretty suspect of it to begin. Had a nice pop at first but then it died off completely. So that's kind of the rule of thumb. Now with that in mind, hey look at this SCLX beautiful pop right now from like nine up to 1250, 1234, the high for right now. Definitely I'll put this on our list but again kind of like I just said I'm not really that familiar with this trade though. Looks like it's new IPO and it's at all time highs. So we'll take that, we'll definitely put this on our list. Just be careful of how thin the order book is on this though, it broke over 12 once and then from there pulled back this is the retest of it right now. This could go, definitely could go it's about 52, 53% on the day. We've seen stocks make bigger pumps across the day here folks so look at it now, nice move already off 12. More of a level five stock though in terms of volatility right now it's on like a 30 cent spread. I saw that like a 30 cent spread a moment ago. So if you were a new student here please, please trust me when I tell you there's other stocks that are easier to trade that you can make easier money on. Take my word for that. All right so unless if you're a level four or five student I'd say that's for you to kind of side of where you are but otherwise, hey if you're not as comfortable on this and if you're looking to make big bucks actual respectable money not just one share then there's definitely better trades right? So definitely off to a good start off of 12 right now FRGT from the morning this one popped not doing this much here for the meantime. ELOX not much happening there we'll kind of just skim through see what else we got. I don't want to say I know best later but from experience right we've been there we've done that we've been around the block a few times so that's where at least I could tell you what happens when you're not really as comfortable trading a stock that has a huge spread. You're gonna be more often to take a loss than a win if you take a win you more often don't know why you actually made money and doesn't really benefit you too well overall right? I just say that to new students or inexperienced day traders joining us right? I'd say for Lata and for other traders you're joining us here perhaps certainly you can give it a nice shot definitely a good trade to follow at least if you're more comfortable with it. PYXS not much happening here popped up earlier dropped off right around that reversal time 10, 30, 11 o'clock ish. I got Boyle ETF so if you got book map you could try and give this a shot but it looks like it made a better move from the morning it's trying to rev back up again so maybe by three o'clock if nothing else from the main list will be moving then we'll try and focus on it but right now it'll pass. All right so let's see what's on the loser side here we're already kind of at like 5% and under here so if there's anything else looking really good on the way up folks for all of us in social and all of us inside the live trading room chat me now type it in the chat board here. So what goes up comes back down right? SECO what goes up comes back down right? BFRG you can say the same on GFAI obviously and NFTG and CLD every one of these from yesterday are on the loser side today so you gotta follow what happens more often than not right these are day trade specifically the AI stocks all together have been getting beat up like AI and then BB AI SOUN all that crap so we're not gonna follow that right now into the afternoon unless if you could short them if you could short them then definitely FSLY down big $15 stock I just wanted to look at this pretty quickly trading about three million shares so far in the afternoon good order book right at the lows it's definitely something I'd wanna keep an eye on here so it's fine FSLY I think we traded the stock what from yesterday or the day before even oh no no no no no see this is from my dyslexia trips of me up here we traded BFLY yesterday and we're trading SFLY is it FSLY today? Mixing up my letters here there we go so we didn't trade this one yesterday but definitely nice short here taking us into the close STEM we ended up trading STEM yesterday we had this on our watch list actually in the morning I think I made for a nice drop and once again today a new pullback new drop off so continued to drop off as a short looks like it's pretty much right near the all-time lows set back from last week 467 don't mind if I do I mean hey it's not too close to the ground floor for us to try and say eh we'll hold off on it I mean it's like right under five if it's hard to borrow from your broker then at that point follow something else personally but it definitely looks like a nice tradeable move Mike says AI down again yeah I mean we were just saying that before so for all the AI stocks if you could short them then you put it on your personal list definitely but otherwise I mean wow take a look at AI just from Monday's close to right now I just did the calculation maybe 20 minutes before this meeting actually I posted in the chat board I said over the last two days AI is down over 40% nearly 41% pretty crazy right so I mean hey if you could short it absolutely put it on your personal list but I don't think really anyone can get shares unless if you're on like a prop firm or an offshore brokerage which we obviously do not recommend that's the last thing you ever wanna be on but yeah I mean right now let's see if there's other shorts though I mean hey DLO here I don't know what the stock is but definitely making a nice drop shortable on trade station we'll take it maybe it's shortable elsewhere but a nice steady move so for right now it's hard for us to not put this on our list the stock is also not near all-time lows because that's technically at like 903 setback from November of last year but this is pretty much right off of historical levels right now roughly around this 12 let me just jump to a daily chart here actually built up pretty nicely you're like right around 1180 ish 1180 1180 ish and I'm sure there's room for a slip of gender but that seemed like it was as good of a support as you could find looking at the daily chart there so don't mind if I do with DLO a few good shorts stem FSLY you got the DLO what else we got anything else I could join couple cheapies that are shortable not really too interested in those spy right now is kind of grinding on up right now so don't need to find anything necessarily on the way down so last call folks let me know if there's anything else looking good all together on the way up on the way down as long as it's not sideways I'm gonna take a look at my Benzinga Pro scan at least VKTX it is down six plus percent it is shortable right so technically that does fit some good criteria right now as far as a good short A you know what I'll do that I'll put this on our main list we are at least pretty familiar with this stock I'd have to reload book map here just to see where the big levels were from the end of last week but that's fun broke below 16 here not much of an iceberg currently showing on the bid we'll take a look at this year so weekly open was 1231 way away from our set now the close was at 1544 so potentially that could be a nice level to follow 1544 is a nice support coming up all right what else we got here folks anything else looking good WAL of course we were talking about that just a moment ago still hanging on to that last half of my position ride or die on that kind of break even or bust or break even or home run I should say RNA at the lows here but just really slow not doing anything right now trafficking is just kind of skimming real quickly a couple familiar names that we've just seen recently it's gotta be at the lows if it's gonna be a good short so none of these really fit that criteria so that's fun that's fun right now PTGX wow this one's down 16 plus percent I guess I skipped over this actually going down the loser side it is shortable technically it does have a good book pretty tight spread right now little thin on the order size there but otherwise it looks relatively tight spread 1791 seems like a pretty big level just from a 50,000 share print that got filled just a little earlier probably actually that was live about eight seconds ago that came in hot off the press 50,000 share print filled at 1791 that for sure will be a key level to follow here you know what given how much down it is right now I don't mind slipping this on here for right now the PTGX all right so we've looked up we've looked down I think that we're just about good to go here folks so hey for all of us on social media Facebook live LinkedIn, Twitter, YouTube the work say just go right to our YouTube channel actually that being youtube.com forward slash cyber trading you if you're not already there now and then go right down to one of our most recently posted videos we ended up posting a small clip of our Traders Talk workshop we normally host that inside our live trading room we actually did that a couple weeks back in full on YouTube but we post a small little clip there feel free to click and watch feel free to like and subscribe as well but otherwise if you're interested in joining our live trading room just go right down to the link on the green banner below the stream right there just to get yourself set up and started and then lastly of course I always like to post my email here at the end of these streams either way if you have any questions feel free to shoot me a quick email folks josh at c2trading.com that's the handle all right so for Michael, Leda, Carla and John, Dan and all of us there right now live Rich will take you into the close from three to four PM I'll be on a coaching call up until 3.30 so you'll catch me in the chat board up until that point folks I'll talk to you all soon and if I don't catch you at least best of luck trading going into the close take care