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re: Monthly Stock Market Thoughts/Plays - May
Posted on 5/1/17 at 7:57 pm to ynlvr
Posted on 5/1/17 at 7:57 pm to ynlvr
quote:Good looking stock. It's at the top of my watchlist. If I weren't so heavily overweight in AUPH I'd be reading up on OCLR. It appears to be going through the same type of bs manipulation as Aurinia has, and they might both be poised to breakout simultaneously.
I'm long OCLR stock plus call options going into earnings tomorrow night. OCLR had a nice run today.
In a sentence, why are you long OCLR?
3
Posted on 5/1/17 at 8:25 pm to bayoubengals88
Ohgi is in its 10 day compliance window. Had a reverse split Friday and now had a low float as well. As always do your DD. This should have a nice run in the next 10 days or less.
Posted on 5/1/17 at 8:28 pm to bayoubengals88
The fiber optics group is getting beat up because of perceived China weakness. I'm not sold on this weakness. That's the thread I'm holding onto going into earnings. Last couple days of trading have done some heavy lifting after insufferable performance early last week and weak YTD of -6.5%. Volume slowed today and it hasn't many supporters at the moment. If news is good tomorrow the stock should blow. Either way I suspect fireworks. Not for the faint of heart.
Posted on 5/2/17 at 7:12 pm to bayoubengals88
quote:
In a sentence, why are you long OCLR?
Because I am stupid! Wrong end of that trade. Should have taken the easy money yesterday when I was up 50% on options in two days. Now I'm out maybe 100%. We'll see in the morning.
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