Spruce Biosciences Inc
1.69 - 1.92
1.25 - 11.08
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SPRB - Looking for a morning pop to scale in short 4.50 / 4.80 / 5.00 SOPA - Potential hot chick. Looking to scale in 5.20 / 5.50s level with 30% max size only CANF - Potential HOT CHICK. Key is to use whole and half dollar marks here. Nothing more than 30% size until confirmation AMC - No edge for me so I avoid BRG - No edge for me so I avoid https://myinvestingclub.com/trading/how-to-scale-into-the-watch-list-when-to-use-max-full-size-when-trading-30-rule-watch-list/
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IU Free Watchlist: $SPRB killer way to end the day on Friday on that short entry $5.60s -- hopefully this thing doesn't gap down too much but should offer a nice unwind. Higher the better I think they blew all the folks trying to find the top out into the close and then walked but we'll see come Monday. Patience was the winner there - great job and that was it for me Friday, finished my day on that trade. Ideally some sorta re-test of $5 + if we're fortunate but -- unlikely. $AMC killer opportunity on Friday great entries in the room with nice flushes following the entries shortly there after each time then the $30 flush for the instant .50. The key area for me is going to be $29.50s - cautious getting too aggressive too soon think big picture here vs. trying to force a trade -- wait for EDGE. There's going to be a lot of range and rip one way flush the other repeat. For me, wait -- wait for a SET UP if you're just trying to scalp it, not what I want to do on a Monday. $PFE nice trader all week - it's holding levels extremely well. Focus on looking left and don't fight this thing. When it slows the pace to the downside or starts to hold higher lows if you're short - respect it. Same thing if you're long and failed follow through -- forget it, wait for the next set up. No real bias but just happy it gave us the big trade we were looking for on Friday. Goal all week was not to size up or pre exhaust. Had some great opps Wednesday- Thurs if you traded it perfect maybe a few but no harm no foul just a grinder -- Friday was the one we were looking and scaled hard as noted in room with the add add add. Should have another $2 trade in it 945-10AM + $F watching with TSLA LCID RVIN etc get a feel for the market vibe - RIVN keeps unwinding may have pressure F should have more daily trades here but again like the rest -- look we're +/- 300-500-700 points day what's the point get a vibe for what's trading well, good liquidity show up each morning and see where the market is at. All I know is these main watches is likely where the majority of my capital will be used in the week ahead while I find new trades throughout the week. Failed Follow Through: $GNFT just toyed with shorts all day -- sensed in after all those swipes then it finally faded but once it starts to firm like like I said in the room "they're still toying with it" and few minutes later the swipe came in. If you feel unsure in this market there's plenty of other names to trade. $ADGI absolute monster just need to see some gaps here and more opps -- I won't try to kill it like Friday but will be looking to join trend through day but be cautious of the reversal trade. I think they caught shorts blew 'em out and in the end there's going to be a lot more longer term bags than anything else. $DNMR thinking morning strength will be met w/ back side unwind. Continuation: $PTPI reminds me a lot of NNDM if you recall back when it came off this level - almost same chart set up. It's been a nice profit center each week it has a massive gap pre market on Monday's but underlying buyer in tape on daily. Same thoughts prob good to lock into HUGE moves like we've had maybe 3-4 times now? and then when no one wants it prob good to re position until it stops working. Either way been great but impressive staying power to say the least. $ABUS trending well again - still there letting that core work $ACET so far so good - I never got there though but we talked about it last few Sunday scans and working well and you can see the wicks. Still interest me vs $14. $FLL trigger at $12-12.2x's $EFRT watch all dips - trigger is $8 $GRTS nice daily watch dips vs $13
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This is peanuts for the man @maletone but SPRB payed the bills today. Ready to smack it Monday super green here too. Take Care!
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Watchlist: $PFE - short: hoping for a push towards 61-61.5 $BLU - long: will start in around 8.1 and add towards 8.2 $FHTX - long: break over 18.2-18.4 $SGMA - long: base over 13 for confirmation $SPRB - 4 m FL - looking for 3.3-3.5 for a short $GNFT - 45 m FL - looking for the whole #, 5 magnet
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Spruce Biosciences is a late-stage biopharmaceutical company focused on developing and commercializing novel therapies for rare endocrine disorders with significant unmet need. Spruce is initially developing its wholly-owned product candidate, tildacerfont, as the potential first non-steroidal therapy for patients suffering from classic congenital adrenal hyperplasia (CAH). Classic CAH is a serious and life-threatening disease with no known novel therapies approved in approximately 50 years. Spruce is also developing tildacerfont for women suffering from a rare form of polycystic ovary syndrome (PCOS) with primary adrenal androgen excess, representing 3-5% of females with PCOS (estimated to be 150,000 to 200,000 patients in the United States).