Marin Software (MRIN) is the latest low float runner to light up the NASDAQ. For all those new to trading penny stocks, this is one of the best setups to find and one which we specialize in finding here at Insider Financial. It’s all about finding the low floater bidding higher in the pre-market and then jumping on board. The algorithms and the shorts getting squeezed do all the rest. Just sit back and ride the wave.
As you can see from the chart below, Marin Software (MRIN) delivered 2 days of gains. On the 20th and 21st, MRIN opened green and never looked back. Those that were alert and got in at the open, banked big profits. The key to understanding low floats is that they are short-term plays, good for only a few days. They go up and then come back down.
In this article, we discuss what’s happening with Marin Software (MRIN) and how we look for low float plays like MRIN for our subscribers.
Marin Software (MRIN)
First up, here’s a little background info for anyone not familiar with Marin Software (MRIN). Marin Software Incorporated provides enterprise marketing software for advertisers and agencies in the United States, the United Kingdom, and internationally.
It offers MarinOne, a search, social, and e-commerce advertising platform; Marin Search to manage advertising campaigns for advertisers and agencies; and Marin Social that enables advertisers to manage their Facebook, Instagram, and Twitter advertising. The company markets and sells its solutions to advertisers directly, and through advertising agencies that use its platform on behalf of their customers.
Marin Software Incorporated was founded in 2006 and is headquartered in San Francisco, California.
The first thing we do at Insider Financial is looking at what stocks are bidding higher in the pre-market. Then, we look at the size of the float. We are looking for low float plays like Marin Software (MRIN). To do so, we check finviz and to see what the float is.
As you can see from above, there are just 5.95 million shares in the float. These are the type of plays day traders and algorithms love.
The other item to look for is news. Marin Software (MRIN) put out a PR simply stating that it would report earnings on November 5th. The release said:
SAN FRANCISCO, Oct. 21, 2020 /PRNewswire/ — Marin Software Incorporated (NASDAQ: MRIN), a leading provider of digital marketing software for performance-driven advertisers and agencies, today announced it will report financial results for the quarter ended September 30, 2020, after market close on Thursday, November 5, 2020. The company also announced it will hold a conference call on the same day at 2:00 PM Pacific Time (5:00 PM Eastern Time) to discuss its quarterly financial results. This conference call may include forward-looking statements.
The conference call can be accessed by dialing (877) 705-6003 from the United States or (201) 493-6725 internationally with conference ID 13710848, and a live webcast of the conference call can be accessed at http://public.viavid.com/index.php?id=141617. Following the completion of the call through 11:59 PM Eastern Time on Thursday, November 12, a recorded replay will be available on the company’s website, and a telephone replay will be available by dialing (844) 512-2921 from the United States or (412) 317-6671 internationally with recording access code 13710848.
As you can see, it wasn’t major news that drove shares of Marin Software (MRIN). It was simply algorithms and momentum players jumping into a low float play and the shorts getting squeezed.
Just like LYL and KXIN, Marin Software (MRIN) is just a trade. It’s not a buy-and-hold play. Congratulations to all who caught the move. If you missed the move, don’t worry. There’s always low-float plays to trade, especially on the OTC Markets.
As always, good luck to all (except the shorts)!
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Disclosure: We have no position in NASDAQ:MRIN or any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This article is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.