 All right separator is good morning and welcome on back to a brand new week here in the separate trading room this Monday October 11th Shortly after 9 a.m. Eastern time. Hopefully the audio is good to go My name is Josh Levitin for all this joining on social media today Facebook live YouTube Fausto is out today So I'm taking the throne for right now, but just quick housekeeping note to begin I'd like to send my apologies for all of us in social media on Friday. There was a huge debacle I think it was like an Amazon web services issue kind of like we what we had from the week before but I'm a perfectionist at heart. So when I started the afternoon afternoon meeting back on Friday This was just back from the eighth and I realized that no one was able to hear me You could imagine that there was nobody more frustrated than myself So my apologies, I believe that we're good to go across all ends and without further ado Let me get into the real housekeeping because there wouldn't have been any other way I would start this meeting off aside from wishing a happy birthday to one of our Longest students here at separate trading University has been here longer than I've been employed grant be turning a very youthful 83 today Happy birthday grant. I hope you enjoy the day with family. I know that you're heading out of here right around 11 o'clock Eastern time I'll give you a quick call tomorrow morning just to catch up, but happy birthday grant. All right So without further ado, let's hop into it the FLX and trade a nice pop to begin the pre-market But since you can see on the five-minute chart just very choppy sideways movement a lot of indecision here leading Into the open although it's up, you know 71% right now I'll grab the news on this stock needless to be said we're gonna put this on our watch list just to begin Also a quick little side note because I'll jump back to a couple of the picks to be had from Friday And this reminds me of a stock from Friday that we ended up trading much cheaper at least compared to that stock so I'll talk about that in a moment, but just for a just for anyone curious at least here FLX and the news out on this stock from today Looks like the shares are trading higher after another company Pacira biosciences announced it will acquire the company another buyout. Are you kidding me? This is a buyout too So we had a buyout early in pre-market ADMS I didn't read the news on that prior to putting the prior to putting it on the pre-market list We'll get to that also in a moment. I'm gonna copy and paste the headline here really quick Looks like Pacira biosciences PCR X Not PTG X top percent gainer there But PCR X to acquire FL XN for 850 per share in cash Plus one non-tradable contingent value right worth up to five dollars per share in cash Folks if you're gonna ask me what that means I hate to break it to you But I have no idea it's to say this though normally buyouts Do not move and it's for that reason as to why I'm pretty surprised as to seeing this stock Make such a big move at least in pre-market now I could say to a good degree that it's not shocking me as to why it's like very flat so far at least you know after 8 a.m. Eastern time 8 30 Eastern time the reason I like this stock though And it reminds me back from a stock or it reminds me back from Friday a stock that we traded and did really well on CCXI and I was gonna get to this anyway So CCXI was a stock on Friday that we traded in pre-market. It was up like 75 percent 80 percent Well, it was shortable Granted the stock ended up taking off heading into the late morning the early afternoon But this was a hell of a short trade at least from Friday morning after the market opened up You know, I'm not gonna scroll back on the minute chart You could see it to a good degree on the five minute there on the far left But you had a gap up in pre-market This is one of the better stocks that we ended up calling out and trading back at the end of last week on Friday So again, it dropped off after the open got crushed from 37 all the way down at 29 plus So from there, of course ended up building back up and man This made I mean such a great trade for us heading into the end of Friday heading into the end of last week You know, you don't normally expect for there to be as clean of a run heading into a weekend heading into the end of The week like a Friday here, but man ended up treating us very nicely at least at the close the CCXI stock We'll get to this move perhaps at least from what we see in pre-market in just a moment, but right back to FLXN this stock Be shortable. So it's not hard to borrow. It's up 70 plus percent I was pretty excited to put it on our watch list like for that reason as much as you know Potentially seeing it pop and break out, but now at this point the buyout news is like throwing me off So I'm gonna put it on our list I hope that this makes for a volatile move for us to capitalize on either way up or down But a little reluctant at first. So I have this chart all lined up prepped up here I did that before I started the morning meeting But it's to say I'm gonna just kind of be patient on it. That's all All right So the other stock that we ended up putting on the pre-market watch list We had a few but the other one that was more of a buyout So this one unfortunately shows the true signs of a buyout here. So this ADMS made the gap up I mean this site I practically consider a gap It's to say that complete flat line since this stock was also shortable in pre-market like the FLXM But I didn't really look at the news on this stock prior to putting the list out This is a buyout looks like supernice pharmaceuticals announced It will acquire the company for eight dollars ten cents per share in cash So, you know, it's there right now. It's there at 794, you know, maybe a few pennies away Much more often than not buyouts do not move. So I'd tell you I mean this morning until I saw the news I was really excited to trade the ADMS, but definitely now at this point I'm not gonna put it on our main list buyouts just don't move really So, you know the FLXN I'll put on our on our list just given it had a sharper pop, but I'm still a little reluctant on it And what we'll do now is go from top to bottom We had a couple of other movers that we had from Friday What we'll comment on them as we go from top to bottom the VYG are the closed stock if we have a chance to get to it in time But the PTGX to begin so I had the news on this stock from Benzinga Pro prior to the meeting beginning here PTGX trading higher after the company announced the removal of the FDA clinical hold on its rust I'm not gonna pronounce it Listen folks. I'm not a pharmacist. I'm not a drug expert here But it's to say the FDA ended up pulling Removal of clinical hold on on their drug so great news It sounds like the stocks obviously up near a hundred percent 92 plus percent in counting This also reminds me of CCXI back from Friday except that this stock was The stock is not shortable. Nonetheless, this stock is making a higher low pushing back up perhaps towards 36 So I'll put this on our watch list, you know, but again though this stock is very volatile I mean not only is it more expensive But the stock is gonna have a really thin order book upon the market opening up it already has one But you know, I know most of us are not trading this here so far in pre-market at least You know, most of us inside the trading room. So even after the open I would expect this stock to have a 10 15 cent spread That's all Also just really quick. I noticed the gap So there's a big gap on the daily chart from this stock back from mid-September We love gap fills, but this stock made such a big gap up in pre-market that did a pretty good job It like filling the gap to a good degree. It might make a new gap fill on the way down So yeah, I'll put this on our list and we'll see maybe trade this on maybe a hundred shares 200 shares if anything All right, so the TRVI stock I was reluctant on putting this on our list in pre-market because it was just too flat Too dead in pre-market like prior to 8 a.m. It was trending down But hey, I'm still pretty interested in it upon the market opening up So nice move up here from 150 squeezing up to a high of 162 and counting So TRVI definitely will put this on our list for the meantime here a nice cheap stock Great liquidity very tight spreads. You know, I love all of those things You know hey listen, I say this I'm gonna say this to all of us inside cyber group here And and really more so intended for any of our students that are new traders joining us here Or students that find themselves to be more of level one to two students Hey, I'm gonna be interested in this stock folks So, you know, just because I label this as a level one or two stock and it has great liquidity I'm in love with this trade right now So I'm gonna be more jumpy myself to this stock and you know, hey trade PTGX CCXI whatever But you know, this seems like it could have pretty good opportunity All right So we'll check in with this certainly by the time the market opens up as well as the easy FL stock Unfortunately, this thing dumped back down here But ended up making a really nice move for us in pre-market this stock I didn't really put on the watch list so to say it but we called it out after eight o'clock ended up making the squeeze up to Resistance off of four. I mean broke it pretty quickly and moved up towards just about 440 For right now I would anticipate a support level on this trade right around 383 And then 390 I had as a pretty strong historical level from the daily and weekly charts on this stock So that could be something to watch. Yeah, the easy FL I'll put on our main list here, too Got a lot of call-outs here in the chat board TRVI cold Mara. We'll get to all those in a phone in a moment folks. All right I got one that's climbing up the list though, and I was gonna get to this. I'm surprised nobody caught caught this themselves NAOV I saw this pop up on it on my Benzinga Pro as I was reviewing the PTGX So the stock ended up making a nice big pop over the last couple of minutes I will just jump to the news attic in curiosity right now I mean, I don't need to know the news in order to put this on our watch list or not But I'm you know curious so NAOV it's a stock that we are pretty familiar with to Company ended up announcing results from an independent double-blind trial of pain shield. I can pronounce that name Pain shield. I don't really know what that is. So it's to say at least nice big pop so far It doesn't mean that it can't dump back down So just be careful, but definitely a great stock that we'll put on our list so far Looks like there's a 10,000 11,000 share iceberg order on the bid at 180 First water break of the meeting. I'm proud of myself there. All right, we'll keep it going here folks See what else we got MCF kind of just skimming through now So this is one of the stocks that was just chatted inside the live trading room and not even to say stocks This is not a stock Christopher This is an ETF So this is we're all say unless if you personally you personally as a trader and I'm not just speaking to Christopher But you know all a hundred of us live inside the room right now If you are very skilled at trading ETFs if you have been trade day trading ETFs And if you're doing it with good success like I'd said Then you personally should be a lot more focused on this heading into the open. This is a an inverse gas ETF You know, listen, it's very active so far in pre-market. It moved up very steadily at first Right now it has a tight spread But it's gonna be much harder and much more difficult to actually apply our strategy of reading level 3 and trying to find The iceberg order is for a ticker like this an ETF So again, if you are already someone that does pretty well trading ETFs, hey, you know who you are That's all If not, then I'd rather be trading the NAOV the easy FL the TRVI at first Or maybe BTB to BTBT trying to inch up right now. It's now up over 5% Barely I listen string a lot of volume also in pre-market And it's a stack that we've had on our side list for quite some time and on our main watch list at points to Right now. I'm not as keen to put this on our list yet. If we get another push on this, perhaps I'll reconsider. It's a sideless stack So, you know, just keep a good eye on Bitcoin with this and again I'll say the same with this as I had said actually on the cold ETF Unless if we put this on our main watch list if you are already someone that does pretty well on it Then I'm sure that you'd be one that would be more inclined to focus on it But if you're not someone that that does pretty well on this stock day-to-day or week-to-week more so than not Then I'd rather follow the others first All right, folks. We'll hop over to the losers list see what's on that side of the field Just wow, I'll tell you what. I don't know if my losers list is broken or what I mean really I would normally find stocks down a lot more than 15 plus percent here the LCIDW and that's a warrant Not even an equity Geez wow that is all I got there. All right So I mean the market was bouncing back up a slight bit But it wasn't as if there was like a major gap up overnight The HLYN was one that I was kind of interested in pre-market earlier, but it's just super flat right now I mean hey, it's shortable and you know down off of likely bad news. I'm not gonna check But you know it could be one to watch after the open, but I'll pass on it. That's treating no volume All right, Southwest now Southwest I think could be an interesting stock to watch heading into the market open The news out on this is the fact that they ended up canceling like thousands and thousands of flights over the weekend There's a little skepticism as far as why they actually did that that's not the this is not the chat board to have that discussion folks But it's to say that this could be a pretty interesting short trade heading into the open. So LVS Lv, I'm sorry. My dyslexia getting ahead of me there L. U. V. I'll put on our main watch list LVS I was thinking Las Vegas Sands All right, so we'll see what this could do at least you know in particular All right, I think that's just about it folks unless if there's anything else up down left right That is making a move as I was just going from top to bottom across the gainers and losers Let me not Norman saying a and y worth watching and not really I Don't know just like a sideless stock Call them as I see in folks Going once going twice got a big on YouTube got 20 of us joining on YouTube today Which means I think that the audio is finally fixed again My apologies if you're joining me on Friday afternoon, but I think that we're just about good to go folks Let me know let last call here Checking my Benzinga pro signals feed as a as I'm asking so I don't really see much myself Let me jump back to BT BT Yeah Maybe I called us out after the open but for right now. It's not really looking that uh, that's strong at least for right now All right, folks, so I think that we're gonna call it in total We got two four six stocks in total to work with heading into the market open. I like that I mean, I usually tend to put more stocks Then Fausto on our lists because oftentimes I kind of see more opportunity in a couple of other trades Whereas he does just a much better job than me from experience at just keeping it simple, right? So I like this I think I did a pretty good job at doing just that If you're joining us on social media today Facebook live YouTube again I believe that all of our complications from Friday afternoon are over So we should be good to go from this point forward if you have any questions feel more than free to send over a quick question Right to my right to my email address I'm gonna type it here in the chat board especially if you're unfamiliar with myself. My name is Josh Levitan I'm subbing in for Fausto today in the morning meeting I typically host the afternoon meeting here at CTU So if you have any questions feel more than free to send over a quick email to my email address Josh at CTU trading comm or if you're ready to join us live inside our live trading room You'll feel more than free to do so by going right down to the link on the banner below And you could join in time by 9 30 to hear us continue for the audio commentary there for all this there right now Bill Norman Dan John Grant happy birthday again, sir Charles Christopher and all of us otherwise I look forward to speaking to you folks coming up pretty shortly here. Take care