 All right, Sabra trader is welcome on back here this Wednesday morning September 14th shortly after 9 a.m Eastern time and nice trade from Felix inside our live trading room just now on this ALT trade great to see Felix Great to see John Grant Michael mark Egan Chris Catherine great to see Frank and all of us live inside the cyber group room Great to see all this back on social media Facebook live YouTube. So folks, you know, hey I really want to make this point today like I always like to do on days like this where the markets ended up dropping off so much, right? Whether it be from this morning yesterday, obviously yesterday morning coming off the CPI numbers You know, hey, obviously we ended up shorting some stocks. Don't get me wrong, right? The airlines the cruise lines a bunch of other stocks that we end up following from yesterday the semiconductor stocks like AMD and Intel Felix you in the video But it's to say that you know, we're not just following stocks that are moving with the market There are always going to be opportunities for to buy, you know buying opportunities whether the stocks coming off of news Good news or in this case not ALT here at least here in pre-market Seemingly coming off of some sort of bad pharma news I tried checking the news this morning for this one, but it seemed like if anything there's got to be more to it aside from this Ah, there we go All right, so all I have here really for the most part is ALT shares trading lower After the company announced top line results from its 12 week phase 1d study You know if they're drug to test non-alcoholic fatty liver disease So, you know, whatever the study was, I mean the headline doesn't show up But there had to have been bad reaction Bad data coming along with it because we had a horrendous reaction Shortly after the pre-market opened up early this morning led to a huge drop down over 60% at one point Well, hey, you know it ended up making a nice break back over eight broke under eight dollars broke back over eight dollars And right from that point it started what we call the dead cat bounce, you know a short squeeze However, you like to label it as it ended up making a really nice You know trend and run back up as the shorts look to take profits And you know us day traders look to scalp or otherwise look to buy and hold on for the ride as long as they could last So Felix ended up jumping in and out. He got like a dollar fifty cents nearly on his trade in from 1013 out at 1160 Beautiful got Frank on ALT. He got a quarter on it earlier. He got out at 1035 using from 1010 Anyone else in on this trade from earlier? This is not the only stock that we ended up, you know following this morning on the way up We had a pretty good pre-market surprisingly given, you know conditions the bi af. I know John did pretty well on earlier this morning, too You know, hey for right now ALT. We're gonna put this on our main watch list here for the morning How could we not the stock is easy to borrow? Look at Chris inside our trading room right now. He's still in but he's in from 931 Yelled on here and it paid off. So really nice trade from Chris. You know, hey as long as it maintains trend You know, hey perhaps hold on or look to scale out if anything right now Normally, I'd be taking profits right around 9 to 915 Eastern time Just so I have chance to breathe and relax prior to the market opening up Hell of a profit though and trade from Chris at least here in our trading room as well So ALT we're definitely gonna put on our watch list here for the market open It is easy to borrow on trade station here my platform So, you know once it fails to continue to move up higher It's gonna lead to a nice drop. So, you know, I'm definitely interested in this trade I'm gonna look to prep this up once we finish up this meeting. So ALT is moving up pretty nicely for right now Key word for right now. You got the BIAF trade though and this was beautiful This this couldn't have played out really any better The only way it could have played out better is if it gave me another chance to add to my position here So I didn't take advantage of the ALT trade like Felix and Chris did and Neil Neil on two trades inside our live trading room Right now he ended up getting 81 cents. He ended up getting in from 1037 Neil nice grab there You know, hey BIAF I missed out on ALT myself But after the BIAF trade had popped up at first We ended up seeing an iceberg on the bid at 490 So between 490 and 5 bucks to act as a major support level I was looking for a bounce from there. So it ended up breaking below 5 I got filled on half of my position I was looking to get in on and from there bounced up. Hey, I'll take it I ended up getting out a little too early on this trade I ended up taking profits basically right off the top here right off of 536 So it ended up, you know squeezing up a lot more after but it's nice cushion to start the morning off with at least right You know money's money with that though It pushed up a little bit more up closer to six actually above six if I'm not mistaken and for right now dragging back down So this still shows great activity at least in pre-market. Hopefully this doesn't do what it did for us back like a week ago We ended up seeing this stock come off an IPO But I think it was even on this day not the first day or two here But like you were looking for a nice squeeze back up There was potential if it wasn't this day it was this one and you know, just ended up not really making that big run This was back like a week ago or so where we ended up seeing all these recent IPOs, you know make these big drops then dead cat bounces M E GL MG AM I can go down the list again, but you know for right now at least BIAF will definitely put keep this in mind How to make sure I filled up on water this morning. All right, we are good to go folks We ended up doing well on a stock yesterday given how much the market had dropped off that being the CMRA trade CMRA down big this morning in pre-market But you know hey heading into the market close yesterday pop right once we started the meeting end up making this big move as it Broke out from like 275 to 80 took off very sharply up towards 363 70 and then later into the close like by like 315 330 in the afternoon here ended up breaking under and back over from 350 and then from there led to the last leg here. So, you know, just goes to show markets are weak and I know there's a lot of a hesitancy to look to buy right But hey every morning that you're sitting back at least study at least realize that there are chances each and every day Whether stocks coming off of good news Whether it's just a day trade and then the stocks being pumped up by day traders or, you know People just you know looking to cover shorts whether the stocks coming off of bad news like ALD I mean it's down so much. When is it gonna bounce, you know those the opportunities that we look for once the stock gets crushed that much at least but um, you know Otherwise though, there's opportunities each and every day to get in the market. So, you know with that Let's see what else we can scan for we'll go across the percent gainers and losers lists here and you know Hey, I'm content enough with ALT and bi af. We're gonna have our hands full of just those two alone But let's let's see what else we got Now this 80 TX could be more of a distraction than anything. I feel it looks like it made a huge move yesterday, right? I mean, I guess it did but truth be told this is coming off of news this morning of a 1 for 50 reverse stock split So I don't believe we traded this or had called it out yesterday because it was really inexpensive with that I mean, hey, it's up, you know big percentage wise this morning. You could say it's you know, 51% from yesterday's close It's gonna have a really ill liquid order book. It's gonna have a huge spread like you see currently This is gonna be more of a distraction to you and myself than anything You know, hey if this runs up to 200 300 bucks God bless, but You know, otherwise we see those stocks all the time not just the ones that go to 200 or 300 the ones that make like a 2 300 percent move like, you know, hey an SPRC and ALT a bi af ALT technically is down 44% right now But I could also jump back to the COVID era here and show that ALT is a vaccine stock back in 2020 we ended up trading this so yeah, this is a former runner as well. Alright, so with that though Let's see what else we can scan for for right now this ad tx. It's up big trading a lot of volume But like I'd said, it's more of a distraction to us than anything Makes our head spin and the more time that we spend watching that hesitant to try and you know Think about direction and where it might go We you know miss opportunity on stocks like an SPRC that could be a lot easier to read on level 3 So with that SPRC has been a little flat since the initial pot But for right now though, I'm looking to see if this could break back over the VWAP upon the market opening here So that being off of 115 for right now. This is definitely more of a level one stock safe low-risk stock. I'm not expecting like a Dollar move on this trade, but one thing you could look at here is on the weekly chart even I'll flip this back to a daily But um man this thing has been on a steady decline I mean really since the the end of last year into this year really straight through That's pretty crazy. That is as slick of a downtrend as you could have really look for So yeah, I mean it ended up making a nice move this morning if it fails to break back above the VWAP Or if it makes a false break above it Then perhaps look to see it make the test of a dollar first and then see if it could rebounce from there It may look to just come down there here pretty soon rather than moving back up to the VWAP first So let's see what happens either at one of those prices. All right So SPRC is on our main list here as well BIAF. We just talked about that's number three now And a bunch of cheapies here on the gainers list here like 69 cents CLBS like 19 cent TEU or TUM EOS here EOS E ended up making a big move in the after hours yesterday, but it looks like garbage since right It's just been kind of like squeezing lower and lower here across the pre-market um Yeah, not much interest on this trade just yet if it pops after the morning here or after the market opens up I'm sure we'll look to call it out Got a good list so far though folks I will tell you though side from what we have thus far the the gainer side is like complete ghost town Anything like around five percent four five percent look at the volume traded on it like super low. That's not good So i'm sure that we're going to find more buying opportunities aside from the three that we have Later on this morning have to give the market a little while for it to simmer Perhaps we'll catch a small bounce around 10 15 10 30 eastern time All right ALT so we already talked about this one so far Uh resistance off of 12 not just because as a whole number But there was a bit of an order sitting out there on the ask earlier before this started to run up I believe that order got pulled since but i'd still count that to be resistance I mean it got pretty close just earlier here before the the meeting started But um, yeah, this one's already on our radar already on our watch list So we talked about cmra ksp and what makes the top percent gainers list makes the percent losers list So natural gas pretty active this morning ung Cold cold here trending down really steadily. Um, you know, I'm not normally particular about the ETFs If you personally have had good success consistently trading this cold ETF Then I suggest for you to put it on your personal watch list then Um, but notice how I phrase that though if if you haven't had consistent success on this stock If it was like one trade and then that was it that's not really consistent folks So if you were someone that frequently trades cold and does well on it go at it This looks like a really active one for this morning for you But otherwise I think that you you should be more inclined Um, if not then otherwise to follow ALT bi af the sprc and you know the sideless stocks I'm sure that we'll look at in just a moment here as well Oh Square down big. I don't know if off of earnings or what let me just double check news here for square Block I guess they're now called right Uh, let's see. I don't have any specific news here this morning on square That's pretty odd. Benzinga pro kind of slacken in that regard But square ended up making a big drop at least thus far early this morning in pre market Yeah, it was really just a pre market move and that's it But getting hit really hard right now down over 5% could just be dropping off with you know weakness within the market But right now i'm going to put this on our watch list here square Be a little bit more expensive. It'll trade a little thin volume on the book But you know, it's hard to not follow this here this morning All right, what else we got here folks we got now we're below 5% though and this is just at 5% So we're going to keep that on our list, but try and keep it above 5% So x down 3% that's not really making any good move right now All right, there we go. You rang the bell. Congratulations to chris on that al t trade who was in from 9 31 He got out at 11 35 taking profits right around that 9 9 15 time for a beautiful job chris excellent Big shake down shortly after so I Personally always look to get out on trades the latest by like 9 15 the absolute latest Got one of us on youtube asking. Hey, you think al t will drop on the open So that was asked just a little while ago I must say at 9 0 3 in the morning So I did mention at least for as much as it moved up and for those in a pre market trade You should be getting out giving yourself that chance to breathe giving the stock a damn chance to breathe, right? It just ran up and made that big squeeze so you're not led to believe it's going to make a full fledged recovery God bless it if it does We'll follow it should should be happening to see higher highs But you know you got to expect for this to pull back at some point If not right when the market opens then shortly prior to All right, there we go folks Anything else up down left right? I don't see anything else here up. Let me just check one stock I'm back on my bs. I'm trading neo again pretty much on a day-to-day basis this week Neo ended up making a really good move back from monday and even yesterday as the markets were dropping off at first Hey, neo is showing some pretty good strength right look at that nice move up So I'd be remiss to not include neo with that with that uh recap from yesterday So for this morning, it's not down enough, but it's a good sideless stock I already prepped up my neo chart just so you know Back on my usual All right, folks So with that in mind we're going to wrap up here across the morning If you wanted to continue the audio commentary inside our live trading room for all of us in social media facebook live You too feel more than free to go right down to the link on the blue banner below the stream right there to get yourself started If not totally okay, if you have any questions prior to joining us feel more than free to email me I always like to post my email here at the end of these streams Covering for Fausto as he is coming back from florida today He was doing an onsite event with tom bosby the great tom bosby of dti So I know that he had a fantastic time showing level three and level four to their students in orlando Or nearby I believe but uh, nonetheless, he'll be back tomorrow if i'm not mistaken Any questions that you folks have though at least feel more than free to send over via email josh at c2trading.com But otherwise though for laida and grant and michael and chris once again Congratulations to anyone on that ALT trade from this morning neil and and catherine felix I look forward to talking to you folks all coming up shortly after the market opens. 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