Decent day but nothing spectacular. Had a bunch of losers and bunch of winners. SPOT timed to perfection on second short but should have never covered lol. Happens but tomorrow is another day. OTC’s have been working really really well right now. Just my opinion but there seems to be a lack of crazy Nas runners like we had just a few weeks ago so they are filling to spot well. Here is my list for tomorrow
RCL – I am not sure how much bad news can keep coming out on the cruise lines but I am in a booking flurry right now. I do think they have lowered prices just to increase booking numbers and bring in some cash flow. I called NCLH last night and the rep told me 2021 bookings were flying off the shelves right now but 2020 is DEAD. I think might be bottom area down here. Great breakout and retests.
CCL – Same as above looking to get long tomorrow on a morning washout. There were some $20 calls on monday and the late day rebound was pretty constructive for those to still be outstanding.
SPOT – Great short spot today. I think we can get a nice $255 retest to really short into tomorrow with size.
CNET – Can be a huge breakout if it gets going and traps shorts. Might be a tad early on that today but if $1.50 breaks and holds will look to size in accordingly. I kept tiny overnight as it just wasn’t an overnight for me today.
YTEN – Nice one here early today. $8 breakout and ramp into $9.30s for the short tomorrow.
FNMA – Started to move today. Will keep an eye on it if volume continues into tomorrow.
AITX – Oldie that CAN ramp so took some for a swing with all these OTC’s going. If it fails and hits liquidity tomorrow will cut and run. This one has been in liquidation mode for YEARS.
BLXX – That .01 breakout on volume will be the big size in moment for me.
SNPW – Nice doubler + today. Sold a bunch into that wild bidder and took some on the washout for the overnight. Ideally this move wakes up some people but not any bag holders lol. If no gap and run will probably be a zzzzzzzzzz’er
IGEN – That .01 breakout failed today but chart still fully intact for the swing long.
BRLL – Decent action but failed to close at highs. Using that .008 as risk for swing.
BYZN – Keeping swing and staying familiar with the action up here.
thanks Cody
Thanks Cody. You do a great job with your notes for this newbie!
Thanks