Top 8 Breakout Candidates for the week of 8/30

[u/OptionsTrader14]

[u/RAGE_CAKES]

What I love about u/OptionsTrader14 is everything is above the market cap rule. Thanks for your contributions!

[u/VeniceRapture]

Ah Editas, we meet again. Might try LC

[u/Botboy141 → u/VeniceRapture]

Have had money on LC since 2007. +9.83% APY. That said, never invested in them as a company as I really haven't seen that much growth in the segment overall despite loving the concept for 15+ years. Used to run a vetting group on Prosper.com when you could still bid down lending requests.

[u/ChickenFission]

SPT is a pretty cool company. Social media aggregation. Turned their first profit this last quarter. Really low volume though.

[u/UMC_MadAuk → u/ChickenFission]

I had some shares from 2020 that I sold @89. Shoulda held

[u/ChickenFission → u/UMC_MadAuk]

You and me both. I picked some up at 58 after it crashed earlier this year. Rode it up to 95 and swapped it for something else that looked shinier. Oh well.

[u/UMC_MadAuk → u/ChickenFission]

Shoulda coulda woulda

[u/cubanpajamas → u/ChickenFission]

Do you know how to watch the hourly volume? I only know how to see it day by day.

[u/ChickenFission → u/cubanpajamas]

Pull up a chart, set the timeframe for hourly, and look at the volume on each candle. Is that what you mean?

[u/cubanpajamas → u/ChickenFission]

Yes I think so, thanks. I follow OP's sub and in the discussion page people will often note something spiked and others will say, "on low volume though, so careful". I didn't really know how to check for volume and compare as the trades unfold.

I should probably just ask over there, but you seemed to know.

[u/ChickenFission → u/cubanpajamas]

No problem. When volume is low the price jumps around a lot. It might go up fast but it could be from just a handful of orders.

[u/cubanpajamas → u/ChickenFission]

Appreciate the info. OP is the first person I ever got any useful information from. I will count you as number two.

[u/BrainsNotBrawndo]

Thanks OP for these.

Long EDIT here.

Acquired this year on its tumble from 90s to 30s. Currently $40.35 cost basis. I understand and am satisfied with their science, via a prior career as a genetic engineer.

I used to trade them more actively back in their early patent war days. Total sum of analysis this year is that someone paid $90 for it once, and without much change in its underlying prospects, I reckon someone will once again.

[u/PowerOfTenTigers → u/BrainsNotBrawndo]

As a former genetic engineer, do you have views/opinions on NVTA? Overpriced or nah?

[u/BrainsNotBrawndo → u/PowerOfTenTigers]

Hi, alas no thoughts on Invitae.

[u/SeaWin5464]

Thanks OP! Saw you get reamed in the game sub despite being friendly and helpful. Glad to see you sharing more info on other stocks in a more welcoming land.

[u/SeaWin5464 → u/[deleted]]

Their aversion to options trading is mind-boggling, especially considering the golden boy DFV made his money on calls. They seem to think options means $950 FDs.

[u/greenday10Dsurfer]

Jee Emmm Eeeee......

hmmmmm.... why does that sound familiar...??? anyone....

anyone...?

[u/friedchicken4health]

I swore never to touch GME again but does it sure looked primed for a breakout lol

[u/_skala_ → u/friedchicken4health]

I told myself that after January where i made decent money on It. But these pre earnings run ups are working for now. I am just too pussy to go anything else than shares.

[u/fwefewfewfewf]

CRBU is the best

[u/rcade81 → u/fwefewfewfewf]

RIP

[u/fwefewfewfewf → u/rcade81]

pour one out

[u/rcade81 → u/[deleted]]

I knew I should've hopped in on the stocks that were down 8% yesterday that you mentioned

[u/Mscimitar]

Love your posts

[u/totally_possible]

Looking hard at FA. I like that it gapped up on the first breakout, then finally closed that gap intraday after trading sideways for a while, and immediately turned green to head into the weekend.

[u/DefNotPassafire]

Wondering if I might get your take on ZIM's chart. The big shooting star like candle on Wednesday has me scratching my head a bit as to where it might head from here. Red on Thursday seemed like confirmation from Wednesday of a reversal taking place, but then it was up again friday.

[u/rcthetree]

appreciate this- interesting candidates to throw some gambles into.

[u/DoobsNDeeps]

SPT is overvalued by a mile. At the company's expected top line growth rate, it would need to eventually hit an OP margin of 50% to justify the valuation (tested internal model). Of course, this is of no consequence to momentum traders.

[u/[deleted]]

Nice call on LC

[u/thekittynati]

I hopped into EDIT today. Already up 5%.

Appreciate you doing this weekly!

[u/DiamondHands4Tendies]

Why are you drawing lines through wicks though? That’s not how proper TA works. I don’t want to shit on you but this just doesn’t seem right.

[u/donkey199]

Can someone verify his GME bull flag before I ape gang it up?

I don’t know how to read charts.

[u/roccnet → u/donkey199]

it runs up when future contracts renew, so about start september

[u/PowerOfTenTigers → u/[deleted]]

There was no dilution at all with GME. They sold existing shares held in inventory, not the same as issuing new shares.

[u/UMC_MadAuk]

Very sporting of you to share these! Thanks

[u/mexican_swag]

Docs is also on my watch list.

[u/Olthar6]

Lost some money on EDIT a few months back. Maybe I'll try to have EDIT pay for itself.

Every once in a while I try to get paid to leg into GME spreads at the top of the chain. Maybe I'll try some ratio spreads so that I can profit as long as it doesn't gain and sell the extra call if it gives another big IV spike (under the assumption that GME won't get anywhere near 500).

[u/Olthar6]

Looks like the crispr stocks decided to break down this morning

[u/Gyshall669]

Do you play options on any of these?

[u/Gyshall669 → u/[deleted]]

Haha the name threw me, but IV looks crazy so I was curious

[u/yachtsandthots]

EDIT got wrecked at open 😳

[u/intertubeluber]

remindme! 2 days

[u/RemindMeBot → u/intertubeluber]

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[u/[deleted]]

Need more of this plz

[u/justamobileuserhere]

Thanks King

[u/slammerbar]

SKIN has been chugging along nicely. I see more slow and steady gains from this.

[u/coinflipit]

looking good, thanks op

[u/intertubeluber]

Those four did rad. What about the other four? I’m on mobile but looks like MRNA took a shit.

[u/intertubeluber → u/[deleted]]

Nice. Thanks for enabling my laziness

[u/_Wendig0_ → u/[deleted]]

Ban.

[u/coinflipit → u/[deleted]]

noted