OddStockTrader Scan 6/3/2020

by | Jun 2, 2020

Crazy day yet again. Man oh man these OTC’s are just insane right now. Think your 500% is good then it goes and doubles off that sell area. It’s bonkers and I LOVE IT! I will be headed out early again tomorrow and all day off Friday as well just to keep you updated. Let’s take a look at tomorrows list.

DKNG – Figured today would be the day but at least it was a red day candle. Will be keeping puts I have and likely adding some over. It is clear that $40 wanted to be defended so don’t underestimate it if it continues to $50+. I will be stalking the action again for the short tomorrow and if $39s snap, its likey to have a great fade.

NCLH – Still like the look of the daily on cruise lines. Thinking if $20 can finally break though we can get some great upside. Wife wanted to book a few cruises last night so just using that as a mental frame for where some others might be on the “booking” process.

RCL – Same as above but $60 is the trigger

TWTR – Calls were on fire today and joined them. Won’t trade the stock but will look to add more calls if it opens lower.

GNUS – Took my eye off it after the offering and figured it was done. WHOOOPS. $4.50s after hours and likely $6 parabolic for the short tomorrow.

GNC – Had some wild action into the close today. Kept some overnight but doesn’t feel like it acted how I expected. May take it off at the open if no follow through. However that $1 is still a big magnet.

TPTW – Unreal win here and I sold a day early. Likely parabolic for the multi day fade at this point. Putting on scan because there will be a great bounce trade in there tomorrow. Key is just waiting for it.

TLSS – 10-k Crushed this. Will be watching for a dead cat bounce but its still very heavy. Might like it if we get .04 washout for the long.

AMAZ – Similar as above. Like the .007 or lower area for renewed swing trade.

TCHC – Same early action as AMAZ and TLSS. Possible gap and run. If it gaps, I will do my best to not sell anything.

CSOC – Random one I had a price alert from a LONG time ago hit.

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