 All right separate traders welcome on back here this Thursday afternoon August 10th shortly after 2 30 p.m Easter and let's get a quick sound check just so I know everyone can hear me loud and clear Inside our live trading room and great to have all this back at the same time on social media Facebook live LinkedIn Twitter YouTube Etc. You got John here with me You got Brent just before Richard Elizabeth and Michael just before saw him lingering around and perhaps a few more of us Rejoining us here. So whether you're inside our live trading room or on our social feeds here It's been a actually really great afternoon so far a couple of great shorts to be been following Mara and plug namely I have Mara on the screen here I'll probably move away from it really fast so I don't jinx myself on this now I'm teasing myself with saying that but you know hey yesterday I was screaming for a short on Mara and in the afternoon. I got it, but it wasn't what I wanted It wasn't that big move Shortly after like a view like we always say here, right? Well, I think it's pretty easy to say but once this broke below the lower of my two blue lines You see there that that actually being the closing bell print back from Tuesday's trading 1572 Right there bam led to a huge short drop I mean from 1572 easily a dollar down and perhaps a lot more to go on this trade even you know Just a moment ago. It did bounce back up off its lows I think a new iceberg suddenly popped up on the bid to create a little support But I think that there's still a lot of weakness on this trade heading into this time of the day You know, it's much closer to the lows right now than it is the highs So as far as like a tradable stock heading into the afternoon as a short Mara Definitely not a bad stock to start with and they are right now Plug I think could be a little slower now at this point plug Not my favorite stock at least it's extremely tradable. It's actually very low risk, but for some Reason right, you know, you might sit back here and say there's this one stock that always gets me. Ah, this one stock I'll tell you plug I've just never seemed to have walked away like a big winner on any time we've traded it off of news or earnings Whatever the case and it's made a nice move It's just I've never been on the right side of the coin on it really or like a good trade So even earlier this stock it was chipping me around off its opening bell print at 933 and it moved up So it's happy to take like a 3 cent loss Stacy says here the jab or one of our trial members saying dude plug got me crying Tell you what thankfully Thankfully, I don't I'm not doing much else in my life outside of being here with you folks during the middle of the day So outside of maybe stepping away to make a lunch or stepping out on my balcony for some fresh air Much like Mara. I was still watching plug and finally I'm on the right side of the coin here on the short too So plug from the 933 opening bell print and it almost stopped me out here Is it nipped up a little bit above it? I had my stop set just over this peak and thankfully it held me in easy to say But I took a couple losses to start the day off on this trade now at this point I just feel like this will be not as worth it. I think that Mara is the better of the two shorts now So, you know, hey, I'm gonna remain in this position at least probably until the end of this meeting if not longer and we'll see if it keep going but Definitely Mara. I'll put plug on the side list for right now PLUG Stack that's actually on the way up going against the grain here. Hey, oh, why what a phenomenal Squeeze this has been this whole week, you know, just really like for a long while now I've kind of on and off been saying watch out. Eventually. This is gonna make a short squeeze more So just from looking at the long-term chart stack went from 110 down to Sub 2 You know from last year So, you know, it's not a matter of if it's a matter of when you don't want to hold your breath on a swing trade Waiting for that when minds you but you know anytime you see it up big and pre-market on a given morning And it's showing good activity That's where the gears start turning it turning and you think potential short squeeze So it ended up running up back from beginning of July and pulled back But then hey again heading into the beginning of August a little bit of a gap up It ran beautifully and here we are now. So definitely a a Oh, I all vowels in that ticker, but we're gonna put it on our watch list for right now and looking good on the web to 15 all right, so The one I wanted to show in lieu of this we're not going to trade the stock this afternoon. It's not doing anything So Ray well, hey speaking of short squeezes. We talked about this trade back from earlier this week We did really well on it back on Tuesday, right? Well, it's because the stock took a huge hit over time It's not a matter of if it's a matter of when and if it can make a fraction of the type of run that it made for us back In early 21, you know, I'm just saying there's plenty of time left on this for it to continue It's just that you don't want to get stuck holding this as a swing trade if it's not ready to make that next leg up You know if the foot's taken off the gas pedal for this type of stock as much as it pumped up It's gonna pull back. So speaking of AOI It's pumped up the last few days this whole week, you know, I wasn't really calling it out as a swing trade It was really just a day trade call out and you could have killed it on this stock either way Eventually, this is gonna pull back. It's gonna have a nice pull back retracement drop hard So even now more than before you don't really want to hold this overnight All right, so two really good stocks to start with though one on the way up one on the way down There's a lot of hubbub on we works just overnight here So a bunch of chatter on Twitter on X as they call it now the app and I mean, hey It's easy to say now it's up a hundred plus percent pushing up. It's like a penny stock essentially, you know It's one of those small small cap very inexpensive stocks We'll just say you know 12 cent this morning ran all the way up towards 27 actually 30 plus cents Just a moment ago I'm not as keen to follow the stock. That's this far away from a dollar from one So that's a little pump up from earlier if you caught it at the right time. You're doing really well I'm rooting you on but for our traders here We're looking for something else and you could even say the same on this. This is up 90% But this is on an ungodly spread right now. It's on a 20 35 cent spread at certain points If you're trying to go to the casino I have a couple of recommendations in Vegas for you But you know BSA queue here is not the type of stock that I'm looking to trade as well So pass on both of those actually Probably pass on this too. I think this is a buyout CPR. I That's too funny top 3% gainers all for separate reasons completely. We're just Throwing out the window. I mean really I mean rightfully so buyouts. We don't trade stocks on crazy spreads We're not trading You know as we'll kind of nickname it a penny penny stock. We're not gonna really trade Keep it going edible a nice pop on edible this morning Really good push from 175 after the market had opened up blasted above the highs there off of two essentially 195 two bucks and ran up pretty nice But this one died off pretty quick as you could see so, you know if you're trusting the cyber clock here Unfortunately, this one snapped down pretty early on if it's not gonna play the game of higher lows higher highs Meaning like right here if it's not gonna really continue to push on up here sooner than later and the probability of this reversing increases, so Definitely done on edible here and keep it going PGN MGNX this stock. I think this is the one let me go back on the graph here on the chart long term It's probably from like a couple years ago at this point See how much time we got here. I got a little time to try and show Let me just see if I can get this here for you might be a different stock. I hope it's not but MGNX I think that we traded this a little while back didn't we? Yeah, there we go Told you I don't have much of a life outside this trading room So it's easier for me to remember this crap But back from May of 20 back during the pandemic COVID times here stock ran from 830 all the way up to 27 bucks Continued over time for a little longer, but you know just looking at this one day. It's just I remember the ticker MGNX something I remember about that. Yeah, I mean if this can make a fraction of the type of run it made back then That's a home run just It's on a nice chart good direction here actually, but it's not really trading any good volume per minute What a book pretty skimpy so I'll write it down for the side list. I'll come back to it if we really need to but let's see what else we got LAL RM Pass just on the price, but nice chart probably say that a few more times over here this afternoon LPSN and you know ran up from earlier today lackluster on the volume side of things too We already got this beauty here. I mean that's a great one. I love that trade here Holly or hilly will call it. I don't know whatever it is, but we'll pass on it now. Definitely flat Yell wow, let's go back to yesterday on yell. What a Crazy move this made after we finished up this meeting 24 hours ago So it's actually right around 330 Eastern time got halted on the way up So you figure there's a chance if it got halted up. All right Well, maybe it could run higher or at minimum hold support and then run higher Well, they called out support had 250 called out just over 250 in fact nailed the bottom there Well, that wasn't the true bottom Right ended up making a lower high and then once it rebroke under 250 this thing was like the Titanic ended up just completely Sinking dropped off and you don't want to be stuck holding on to that type of trade You got to take the break-even trade. I wrote it distinctly like I remember it perfectly yesterday It's like all right got a free play now perfect It pushed up like five or six cents All right, let's see if it keeps going if it doesn't it's a free play because worst thing that happens Is that you're getting stopped out like minus one or break-even? Just move on to a different trade, but that's like the perfect Perfect little show and tell there as far as like why you don't want to get stuck hoping and holding Same here this stock CLSK was a great run from the morning session though right off of 575 580 That was a great support Well time thankfully for us where we had called it out and it built up there moved up higher So at first it kind of took us off guard with how much it popped as fast as it did But there was still room on that on that trade All right, so there's a lot more that's up percentage wise There's a lot that's down percentage wise here So we actually still need to go through this a little closely Let's see if there's any other familiar names that are looking pretty good I'll expand the scanner here actually it's calm while I kind of landed on it here COMM Not terrible not terrible whatsoever actually Let's just kind of just cherry-pick here see if there's anything even better, but that one calm I wrote that down just now on my side list already Easy AMSC trade Possibly with this one, you know this one ended up running up so much over the last week week and a half I was surprised with how much it had dropped off So is it possible it makes a second win type of move here? Perhaps so it's at the highs. I like that part of it I'll slip this on our main list again the AMSC the superconductor stock also on top of that You got a big 21 plus thousand share order on the bid So yeah, that's that's good support. We'll take it and it looks like they're laddering up here, too Like right at 945 they're trying to inch that order up. It feels like go back to another crazy stock VTGN back from earlier this week on Monday stock went from like two bucks or three bucks up to What was it like 60? It was like a 2,000 percent gain or 3,000 percent gain like legitimately pretty wild but Type of stock now is doing nothing. Let's see what else we have here on the gainer's side before we hop over All right, really I'll tell you not much else that looks like a no-name familiar stock yet He's a little expensive also dropping off so past there IFRX familiar name Wow, this thing has had a crazy daily chart here. Look at this with his daily candle Holy smokes this thing has had a day ended up gapping down to begin Obviously it filled said gap and just did it's pretty interesting bar there I mean, obviously you're gonna watch this if anything tomorrow based off this daily candle and now today You know, it's at the highs The order book I wish it was a little bit more filled in But the fact that it's showing good trend now at this time the last like 30 or so minutes or even hour or so from this past Point all right. I'm kind of sold here IFRX. I like the funky daily candle there We'll see if it ends up pushing higher Chuck calling out AOI pop don't need to build out too big of a list when we already got one runner right now. I still go and They always say that All right, so let's hop over to the loser's side here next. Let's see if there's anything looking perhaps is good But you know again, I like what we got we're at four right now. All right, so not ww But WWW worldwide web Wolverine worldwide All right, so this stock it was shortable, I don't know. I just Was just looking at the name clicked on it there. So nice trend I like the trend down gap down early this morning in pre-market then from there moved a little bit lower going into this afternoon It just broke below nine which you would assume to be a big level But there was not really much volume filled below nine bucks so far a little consolidation here and there But this really could be the next leg on the way down here WWW for right now is a short and keep it going Ebix ebi X $15 stock I like a little bit further above from the ground floor as I like to say so dropped off just a moment ago That looks like it's starting to make a lower high here and pulling back a little bit. I'll give it a look I'll give it a look ebi X. You don't see if this continues down Listen, we got matter is a short. We got WWW is a short. We got ebix is a short We might have plug plug is still definitely in play on our side list there said I'd go back to that DNUT you know, it's at the lows, but Not really trading as much volume per minute there I'll pass on it That task Definitely a lot more down percentage wise folks like number 50s down like 13% so we need to do a lot more Searching scanning seeing if there's anything looking as good. I just said a moment ago I don't want to build out too big of a watch list, but we could only we could always check to see if there's room for one or two more AFRM on the way down, you know good sideless stock that's for certain Upstarts not really moving as fast right now carrying a firm or so if I with it perhaps there so we'll pass Well one of my old friends here X US Steel not Twitter not Twitter remember. This is not Twitter This is US Steel is long been X now with that it's down like four plus percent. It's at the lows So I like that part Let's see if there's anything looking even better something even more on the way down there perhaps Or perhaps on the way up. I don't understand check from the gainer side here on Benzinga UiHC a little pop just now, but not really trusting it too much and VA alright, so I don't think we're gonna find much more on the way up just looking at what we got here from Benzinga Going back to our common trade, which was you know on the way up there I'm gonna put this on our watch list definitely level one stock. So it's low risk It's up big percentage wise hopefully more eyes catch on to this trades where it becomes faster Matters already on our list just wanted to show it off one more time a lower high indeed pulling right back down folks and the plug trade I Feel like you know what I'll add this to just because it's low risk. It is down big percentage wise So you know there is room to see a drop more. I just feel like matter is gonna be easier I feel like that WWW is a short actress pretty damn good there, too And then like I said, we got a bunch of others on the way up a AOI We got the AMSC trade calm perhaps if that ends up popping better All right, so hey, let me know if there's anything else looking good here folks up down left right more than 5% Just before we wrap up I had a loud knock outside my apartment door this morning I was on coaching all throughout my day and I was on a call from one of our students as a loud ass knock my door I have a 30 pound package outside my door right now. I have no idea what I just got I unless I bought something in my sleep on Amazon. I Have no idea. So wish me luck on that I hope it's not like a fake package and then all of a sudden it just kind of like blows up sparklers in my face So wish me well on that but folks last call Let me know if there's anything else up down left right more than 5% You'd want me to just look out here before we wrap up Okay, my email address here in the chat board just for all of us on social Josh at C2 trading comm is the handle any questions or trades you want to go over with us? Definitely, let me know but otherwise if you wanted to join John or Ryan Stacey Andre Chuck Donald Steve and all was there right now Just scan the QR code It's been up there just on the top left of the screen on this on the stream right there We look forward to having you inside our live trading room live workshops live audio commentary as early as 12 minutes from right now 11 minutes at 3 p.m. Eastern time rich will be on the mic wrapping things up for all of our students here And I'll be in the chat board up until 3 30 No, hopefully a nice trade to work with taking us going into the and into the market close Alright folks best of luck trading to all and we'll catch back there with everyone here very shortly. Take care