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Good morning,

NVNI is an oversold fishhook trading up over 70% this morning. My ideal trade plan is to monitor the $3 area for support and if the setup is strong, trade it for a move towards $4. There is breakout range above $4, but the initial spike did pull from that zone making it the first level to watch closely. The company is cashflow positive too, so low risk of dilution into big spikes like today.

CMND is a news winner. I wouldn’t say it’s the best news but it’s also not fluffy news. The risk of dilution here isn’t high and the range is to $4 so in the $2.60’s, which would be support, the risk reward is good. Right now this is my favorite premarket idea.

AMRN is running this morning on preliminary 4th quarter financials and is into a breakout. With a market cap of $465M it’s a true small-cap meaning the good guidance could bring some institutional buying. Looks to me like $1.20 would be an area of chop or resistance, but if that were to break and hold, a trend across a week or so to $2 interests me.

Jason Bond

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