Short Selling Innovative Biopharmas Inc. (INNT) For $1,100

After running 250% on no news whatsoever, INNT presented technical weakness this morning which signaled a short sale opportunity.

I shorted INNT quickly this morning into the open after it showed weakness in the premarket for an $1,100 gain. The initial plan was to swing this for the rest of the week and look for a drop to the $10 range, but the tiny float made me nervous, and locking in gains became the best option when it began to curl at $14. Their balance sheet is quite weak, and the lack of news makes this a great short anywhere over $15 if your can withstand a swing trade and the potential low-float volatility.