Quote:
Originally Posted by agulati
I believe I had seen the recommendation for THMO here by manwiches. It is up 18.5%. today. Curious what would be your PT
|
I'm already out. I had two plans on this one. I got my Plan B
Plan A was to wait for them to PR, as they just finished a presentation at the HC Wainwright conference on Jan 11, and hadn't PRed yet. Most genomics stocks go through multiple offerings, and especially those backed by HCW. Typically they do a PR, and it's followed up immediately by an offering. So my first plan was to wait for a PR, and have it gap up to the 3.4s and likely 4s on the news. Small float for now, beaten down, and high short interest. Short squeeze.
Plan B was to wait til furus hopped on it, pumped it up, and sell the spike. Yesterday's spike was ideal to sell into, and not tie up my capital. So scaled at 3.0, then scaled the rest at 3.15.
I have a pretty good understanding of what these kind of stocks do, so selling into any fomo buying is key.
They could PR still, but the bigger move for me was yesterday. Play what the market gives you.