What if I were to give you three of the hottest stocks I’m watching right now….
Would you know what to do?
It pains me to see traders just looking for some of the hottest picks, without a plan in place.
Right now, we’re being gifted with so many opportunities…
And I want all of you to succeed in this amazing market we’re in!
So that’s why today I’m not just going to give you three of the hottest plays I’m watching…
Instead, I’m going to be breaking down why these three stocks are at the top of my list…
And how you can find these same types of opportunities as soon as tomorrow!
Let’s get going!
Table of Contents
First Thing
I can assure you that I’m not going to stop focusing on big percent gainers anytime soon…
Every day we’re seeing these beaten-down stocks spike time and time again…
All thanks to these over-aggressive short sellers who still haven’t learned their lesson!
There is no denying that these short sellers will eventually be right…
But with so many newbies who are looking to short these plays, and have no idea how the stock market works…
Those are the ones who continue to give us these amazing opportunities on a daily basis.
Let me show you what I mean…
Stock #1 – Avinger, Inc. (NASDAQ: AVGR)
Earlier this week I traded AVGR, but that doesn’t mean I’m forgetting about it already!
You can see all of my trades right here!
Just take a look at this chart…
Source: StocksToTrade
Early Monday morning, this heavily shorted stock was squeezing higher…
And it continued to spike higher on Tuesday.
It’s these types of plays you need to focus on, and nothing makes me happier when I see many of my students nail opportunities like these.
Please retweet and congratulate these GREAT upcoming https://t.co/occ8wKmT5U students on their SOLID trading so far today! jbellis: $AVGR in 6.85 out at 8.20, don't like the fails it had earlier, take ya money and run on a slow day RemoteRiches → timothysykes: %17 profit on…
— Timothy Sykes (@timothysykes) September 18, 2023
Whenever I find a stock spiking higher, the last thing I want to do is chase…
I even told my students to patiently wait for it to sell off more before they even look to buy it.
Source: Profit.ly
At the time I’m writing this, AVGR continues to soar higher and it’s up over 60% on the day!
And with these over-aggressive short sellers still trying to hammer this down, there could be more opportunities for this to squeeze higher in the coming days.
So keep looking for that early morning panic, or midday bounce again as it worked earlier in the week…
But remember, don’t overstay your welcome and look to make a quick trade and take the meat of the move!
Stock #2 – Connexa Sports Technologies Inc. (NASDAQ: CNXA)
Before we dive into this stock, take a look at this long-term chart…
Source: StocksToTrade
Not much has happened over the past six months with CNXA until this week…
And in the chart above you can see I circled how much higher the trading volume was compared to normal.
Now, let’s dive into how the chart looked from a minute-by-minute view…
Source: StocksToTrade
At the time I’m writing this, CNXA is soaring over 240%
This is what I keep talking about…
You have these beaten-down stocks that aren’t doing anything for months…
Then you have higher than normal volume and it squeezes these short sellers out of their position…
That’s when we see these amazing opportunities!
It’s very difficult to predict what stock may squeeze and when, so I don’t recommend you make this a guessing game…
That’s why I’m going to stick to what has been working for me over the last several months…
Which is keeping a close eye on all of these big percent gainers during the pre-market with higher than normal volume…
And StocksToTrade Breaking News because we’ve seen how powerful a news catalyst can really be, especially when you have so many over-aggressive shorts out there.
As CNXA continues to run, I’ll be looking to dip-buy it in the morning hours if it still has volume…
But be aware, we have seen quite a few of these plays sell right off in the morning so be sure to follow my #1 rule if it doesn’t bounce.
More Breaking News
- HURA Stock Strongly Rises on Early Morning Surge
- Red Cat Holdings Poised for Growth as Drone Orders Surge
- Breaking News: Ondas Navigates Market with Enhanced Strategy
- Datadog Sees Price Target Shifts Amid Market Changes
Stock #3 – Cybin Inc. (NASDAQ: CYBN)
This stock has me scratching my head a little…
I actually traded this into the close on Monday based on this strategy…
And right before the market closed, legendary trader Stevie Cohen bought a huge stake in CYBN.
Source: StocksToTrade
I decided to buy CYBN at $0.417 and sold it at $0.456 for a 9.35% profit. (Risked $3,753).
Even with CYBN having a solid news play and fading from its highs, I’ll still be watching it to see if it still draws attention from other traders and squeezes these short sellers out of their position.
If there is a big spike in volume, I’ll look to dip-buy a morning panic…
But remember to lock your singles in along the way!
Just because these stocks spiked earlier in the week doesn’t mean I’m willing to take my eyes off of them just yet because there are just so many over-aggressive short sellers out there…
And if we continue to have higher than normal volume, we can still see these plays squeeze even higher.
It’s crucial for you to be prepared in this market if you want to succeed…
This is why I want you to attend these FREE trading sessions to help you be better prepared for the days ahead!
Keep studying and I’ll see you in chat.
-Tim
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