Bad day for me so going to focus on just the names below tomorrow. Totally insane moves out there and honestly not my environment to get super active in. Moves are choppy and I hate that. Not scared to admit it either.
BA – $170 washout for long but it needs to have some PANIC in it, not this orderly fade that it had today.
NCLH – Still a total bleed even after Trump stated he is going to supposedly save the cruise lines. Nasty story out specifically on these guys today too about lieing to potential bookings. Maybe something like $12 washout for bounce but won’t marry it.
OXY – Uncle Carl got long with Uncle Buffett now. I think this can have a monster bounce but would rather play the options. Will look at some of the May $20s tomorrow.
DECN – Big move on this one today on what appears to be a legit PR. Morning weakness for join.
HLTY – OTC with Covid PR today so it ramped on air. Will look for nhod breakout in the am to join but likely full liquidity event coming on this one so be careful.
Thanks