Pre-market Picks - April 15, 2021

Happy Thursday everyone. Here are the stocks I’m watching today.

$INO - $10.66 - up 20.6% in PM

Inovio is up on bad vaccine news regarding J&J, their competitor. Naturally, their vaccine has more prospects in a world without J&J. A quick reversal is in order if J&J distribution halt ends all of a sudden. I like that it’s continuing a trend from the previous day. I don’t like that it’s a catalyst that gets weaker over time. Please be careful with this one.

$KXIN - $2.68 - up 13.1% in PM

Much like GameStop, KXIN is trying to go online. They just got clearance from NASDAQ to go through with their acquisition of an online marketplace for auto sales. Be careful with this ones, as it’s been a notorious dumper over the past few weeks due to worsening Sino-American relations. Puts may be good here, up to you on how transformational this catalyst is.

$TAOP - $7.44 - up 19.8% in PM

Another risky Chinese play, this time without options and therefore requiring extra due diligence. Taoping just bought a crypto miner, which is bullish because Bitcoin’s price forgot how gravity works this week. Yesterday, Coinbase IPO took the crypto company stocks for a spin, but things may be more regular today now that that event is behind us. Unlike KXIN, at least, Taoping is not nearly as much of a dumper and can run a little after its dip, which has occurred at 9:40-9:50 EST for the past few days. But don’t get greedy: it punishes those who hold too long severely.

Assertio was left out because there’s no catalyst and that’s lame. CAAS is a sympathy play to KXIN with less volume. The rest had unconvincing volume or didn’t meet the 10% minimum increase in PM to be considered. I’m sure there’s other great plays out there among them.

Good luck everyone. I’ll update the post with how the trading went later in the day.

EDIT: before it’s too late, check out INPX as well that just crossed into 10% territory. Another crypto asset that just completed a reverse triangular merger with an Ethereum mining company. Here’s an article about it. Worth a short IMO.