Aug. 22 at 3:46 AM
Interesting day. IWM was up while the SPY was down. Small caps showing some relative strength.
$LENZ $CLBT $AXSM $FROG and others closed at or near the high of the day and look like they want to move higher…. Although tomorrow could be rocky with Powell’s speech.
$INSM is not a small cap, but it closed at the high and continues to be a market leader. I wouldn’t be surprised if this trends higher and higher for months. No matter what the over market is doing its trading with its own purpose. This new drug is attracting new institutional money to the stock… Theres significant growth potential considering they are still discovering new uses + it has little to no side effects. A “skeleton key” drug, per the CEO… If it unexpectedly dips, I will rebuy options to add to my long shares. I had to take profits on my calls because they expired on Friday and the premium is too high right now to replace them, but I did very well from the high tight flag breakout
