I hope everyone had a great weekend.
Everything we talked about came into play this week. I will keep on doing what’s working. Current markets, the way I have adapted
Video Topics
- The Boston Podcast!
- Let’s Raise Some Money For BCRF!
- Concentrated Risk (Spread It! PTON Example)
- Forced Liquidations (Lower/Thinner)
- Paper Thin (Bounces CVNA)
- Cautious Of Tightening Range
- Another Video Coming This Week
Video Scan and Game Plan
Stocks to Watch
VERU blew out the add add add shorts again – almost to the same tune as last time. Patience on this one Monday let everyone try to figure it out 945-10AM + I will start to focus in. I will go over a bit on the video – especially the discussion in the room (Mainly in lounge) about not shorting it and then identifying the seller we talked about waiting for that goalie pull and replace and … of course the sit back.
CVNA been a real nice profit center last few days. Watching either for steady pressure or a fast flush off open and rally. A lot of this is market permitting. We have to take it day by day.
RBLX big range Friday – again trading vehicle. Hard to make a “call” until we see the market. Until the range settles on the market these are all dependent on overall action. I will use them as ways to spread out risk.
PTON was wayyyy strong on Friday – I shorted it but never got a scale spot. Tried it a few times but never got anywhere. This is a great example of why I don’t like too much of a concentrated position – ie: “take over” talk – likely? Prob not but – what if? 945-10AM + Trend join type.
Failed Follow Through:
GME higher better and looking to fade any solid trend.
AMC higher better and same – don’t lose off radar and cautious using the same size you could get away with this week — next week.
SQQQ reactive trade with market – sadly didn’t touch it Friday I should have went right to low $50s I wanted.
ELYM was a P&D watch all pops should fade back just like we saw on SKYH etc.
Continuation:
VRM looking at possible trend join if keeps building – have small so far. Nothing I love but want to see continued dips getting soaked.
BWV not leaving radar – been a really nice one and hopefully continues to provide as it has. Nice exits each time over $7 (also reminded each time not to over hold ie: liquidity trap plays = squeeze = exit). Have some still even though failed trend but have sold 3 x over $7 now each time reminded.
SNOA came back – same liquidity trap see if it firms up.
ARQQ watch dips I put on real small just to keep on watch but see if it firms up seemed like a buyer past 2 days in tape – want to see proof over next few days if it fails off – zero interest.
Staying Familiar:
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