This week's lesson.
Today we will look over some previous tickers and how to analyze them. I want to start with $PRBV, which had an interesting start once it opened and then became a massive parabolic.
Typically, you don’t have a 100% parabolic when the market cap is near 160 million.
It’s more likely to have a parabolic volume under ten million when you’re working with a stock with such a thin volume. But because $PRBV does have thin volume and such a large market cap, it’s highly-priced, making for a large spread and a challenging execution. I attempted to short at $18.50, took a loss near the $20’s, resulting in a $3,000 loss for myself, and ended my trading on this ticker.
Next is $JAGX, this ticker gives many warning signs which you can figure based on patterns.
$JAGX is a hard one to predict because it’s a micro float and micro-cap that becomes choppy after pushing and fading over and over. This is not a stock I recommend touching, whether you’re going long or short, because low floats like $JAGX can have all kinds of chatroom pump that’s manipulating volume, so it’s best to steer clear.
$NBY was one to pay close attention to because this ticker was up 1…
…which was 500% after going from $.30-$5. When you’re looking at the chart for $NBY, there are no candles to be seen, just empty space, which means the stock is being halted repeatedly. When you have a stock reach its critical percentage of 500% to 1,000%, most people think it’s up too high, and now’s the time to short it. Instead, this is when you need to focus on the chart itself and not the percentages.