Already March and what an insane last week was, felt like a month’s worth of action out there and we might not be done yet. Either way I have a feeling futures open….oh heck not even going to guess but will be ready for anything come the open tomorrow. The headlines out there were scary but I don’t think we close lower on the week but ya never know. Seems like more information coming out about how the media may be blowing this out of proportion at this point (who knows but maybe not based on those Costco videos this weekend) Be selective and be smart out there. If you have never seen this type of action and are new, best to just watch vs. get chopped up.
RCL – Best in breed on the huge cruise-line washouts. Honestly I think this is a full blown capitulation and a MONSTER long opportunity even if it goes lower. Maybe I think this because I am a cruise lover or the fact cruising is one of the fastest growing travel industries right now. Cruise ships are probably going to be the cleanest place in the world in the next few weeks and I would have ZERO fears to go cruising, only thing that would stop me is if they cancel my 3 cruises this year. I am a long term buyer here and much lower (scaling in based on size I will never be selling and for that now 4% dividend)
PLNT – Ridiculous move here and I bet we see a monster rally back when the market turns on this name. May take some far dated calls on this. Gym’s may be empy but NO-ONE and I mean NO ONE is going to be cancelling there $10 gym memberships anytime soon.
AAL – Maybe $18 washout for long trade but can be a full on fader. Market will likely have to get some big calming headlines in order for this one to bounce though. Either way, worth an eye for me.
NET – $22 breakout for join. Still long this one in swing account and probably always will be.
SQ – Still crazy strong and if the market wasn’t in full sell mode this based on earnings would be well over $90 if it was just a week before. Best name for a long if the market get a big ramp back.
HTBX – Not my favorite name in the bios but held decently. Only care about that .35 breakout and volume. May gap higher but that would be my game plan if it washes out into the .35s
BIOC – Crazy move here and likely gap and run on pure nonsense. Will be a great short I think this week at some point however. May trade just the washout if it gets one into the .60s off the open.
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