Great job today guys!
Been a really hot run lately, I’ve been sloppy a bit with being too ‘patient’ or ‘believing’ aka VTAE etc .. had strong bias and let a few get away chopping an insanely good day into a really good day .. can’t complain much with this market
Here’s plan – take it easy it’s Friday
LULU just incredible action and read on this one today – risk was spot on looking to scale in based off $61 as risk today (early morning) never looked back! Great patience (also not enough) but hey — big trade just like MBLY! Really happy with the trade and Eric incredible hold too! Morning pop is ideal let it rebound the look for it to fizzle back some ++ comments after hours might give it small boost
ACI nice unwind from the squeeze – like I said yesterday I would have expected more of a bounce yesterday thus very bearish, likely unwind crack tomorrow towards mid $3s if not — will cover
AKBA smoked a lot of dip buyers today will be eyeing a washout out of the gate and rally back
FCX dip buys for $12 is possible but at the same time no matter how bullish this looks now if it fails it can turn on a dime so open to the idea of a short of a breakout fail
LE nice one today – either going to washout in the AM or start trending up yet again … so quick trade nothing to marry
STRP higher the better ideally $40-42 para in a perfect world then correct
GALE weak open ramp $1.75+ $2 magnet
VVUS two days solid vol, dip buy if $1.50s hold can get to $2 on a Friday if momo traders want it
AXPW as mentioned today — this is where fundamentals “it should go to zero” style biases get smacked around — YES eventually fundamentals matter but if you’re patient because company is junk it doesn’t mean you can’t get bent over in the meantime — today was an example of that as it rushed to $3 — that is not a bunch of buyers that is short cover panic — IDEALLY we get much higher and then short opportunity be careful letting bashers influence you too much if the idea is a short term trade just like they got smacked on KBIO — YES all junk but front side of the move all the matters is price action and volume
CLVS higher the better just sticking on radar for eventual snap vol is very light though so these can skip $5-10 bucks like candy ideally $110 + blow off and sit back
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