Yesterday, social media names like Snap Inc. (NYSE: SNAP), Twitter, Inc. (NYSE: TWTR),Pinterest, Inc. (NYSE: PINS), and more, lost roughly $200 billion in market value…
GOVX was still on my radar as a monkeypox play. Then in premarket, they played the game…
The company announced cancer news. (Remember: 'Scary' news moves stocks.) The Breaking News Chat team alerted it 30 minutes before the market opened.
GOVX was trading around $2 per share when the news dropped. And about 20 minutes later, it spiked huge.
When I saw it in the SteadyTrade Team morning webinar, I said it must be a chat pump...
Sure enough, the chat guy was long.
The stock went red-to-green and I immediately warned everyone who traded the premarket move not to get greedy.
Buy in pre, sell in pre.
But if you missed the premarket move, it wasn't over. I mentioned that If GOVX became a chat survivor, it could be a 9:45 am dip and rip. Just like CBIO on Monday.
If you were feeling FOMO, remember you didn't have to enter early. (At the market open, there are still seven hours left in the trading day…)
And if you had the patience to wait, GOVX didn't disappoint yesterday…
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