Thanks to our Switzerland based member PM’ing me minutes before the open to ask about CJTF, we were able to notify it at .005 in chat yesterday, despite my initial suspicions that the ticker was heading to back down to trips soon. An OTCMarkets only, pdf PR announced the possibility of future a future dividend/royalty payment which, since the apparent 1:2000 reverse split seems legit, sent CJTF to .055: 1,000% from the .005 chat alert.
Moving into today’s session, make sure you have a day trade available for each of these two delisters as you may not want to be forced to hold either over the weekend:
We’ve covered SUNE multiple times over the past few weeks and it’s provided some HUGE MONEY dips and rips during its course. Well the massive energy giant sneakily filed for bankruptcy (as I noted they were weeks ago) and all those who were playing the SUNE swings on the NYSE got bagged into what will be the hottest trading OTC ticker today: SUNEQ
- 501.08M Shares Outstanding
- 315.54M Shares Float
- 51.43M Average Volume
The bottom call and best entry will be notified in chat, followed by an alert on Twitter.
Clothing designer and distributor, Aeropostale, announced yesterday plans to file for bankruptcy in the coming weeks. Subsequent to the announcement, shares of ARO were halted shortly after they began to dump into the .15 range. As of today, the ticker will get a P at the end and will soon get a Q (but we’ll be done with it well before the Q).
- 83.11M Shares Outstanding
- 78.29M Shares Float
- 2.16M Average Volume
Same as with SUNEQ, the bottom will get called out on AROP in chat followed by an alert on Twitter for the best possible entry.
Google changed the directionality of the markets’ optimism and we’re now looking for SPY to hold the 208 support level before we head into the rest of the tech sector’s reporting next week. Shares of GOOG & GOOGL dropped hard on the missed top and bottom line earnings release, but have since recovered some,
The event immediately sent shares of AAPL and FB plunging: two tickers we’ve been having amazing success with in the options chat over the past two weeks.
Being that there is no economic news at all to consider this morning, the slight bullishness in S&P futures and +.50 on Crude futures indicates the market doesn’t want to admit that it’s in need of a pull back since the 2:31PM EST, February 11 sudden turnaround. With so much unrealized gains in many investors’ holdings, the “Sell in May” theory could come early – a theory which has been bet on for weeks without any luck.
It’s $100 Friday with options so you might want to have the following on screen at the open:
- AAPL 105/104 PUTS
- FB 111/110 PUTS
- SPY 209/208 PUTS
All are subject to change which will be discussed in-depth in the option chat room.