The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $4,30; stop-loss — $4,95; take-profit — $3,02.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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I agree. There'll be profit taking now and nothing exciting happening anytime soon.
KozakHlib
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@aam2147, well, I gonna short it again today, so ... let's watch :)
aam2147
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@KozakHlib, It's up now, keeping a close eye, should fall close to the end of the day.
KozakHlib
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@aam2147, well, I've shorted it today again with profit, after all. I am an intraday trader, not an investor.
NotFrank247
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Sometimes I struggle with the rationale behind your trades. There has to be more to a trade than "it gapped up a lot today, it's gonna fall" right? In the case of CEMI, news broke of a new big order for their COVID test. Sounds like bullish sentiment to me and time to watch for a gap and go.
KozakHlib
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@NotFrank247, well, I think this news is not enough to explain such boom. It's a pump. All pumps statistically goes down.