Probably my sloppiest day in weeks today. Still managed to get green but I fought the SPY today and usually don’t do that. I just had a feeling we were getting close to some pure insanity in the markets and I still think that. Best to wait for it to crack and fade hard for the first hour before really putting on a big short there. Either way market IS insane right now. Things just keep going until 8pm eastern each and every day. Wild stuff but just be aware it will end eventually once everyone gets back to work, so enjoy it while it is here. I KNOW I AM.
GNUS – Unreal stuff here. Monster short squeeze and may even do $10 tomorrow. I would bet something in the premarket smashes it though. The got a ton of covers today on it. If not I will hope I can get some shares short tomorrow for the trade.
VISL – Smells like another MARK setup to me. If that .50 can breakout and hold it will be similar to MARK in the .60s. I just hope no filing shenanigans and they let it be a clean move. Full risk of .35s for me now.
FCEL – This is huuuge daily setup and it 1,000% reminds me of PLUG in 2013. If they PR anything fancy this can explode and I fully expect it to. This is a full on call option long for me and trading the stock intraday. I am selecting near and further dated strike way OTM.
CIDM – Bonkers move after hours. Wish I would have seen that Bob Ross PR this am. No wonder it ripped. Robinhooders love Bob Ross. Probably a good short into $3.60s tomorrow so will eyeball that.
DLPN – Likely follows CIDM on pure stupidity but worth the trade and watch.
IMTE – Same as above.
MARA – She is not done yet.. Market timing on the PR wasn’t perfect but now it’s out there. This clears and hold’s $1 intraday and I will probably go insane with size on it. Chart is there, just need Bitcoin to get back over $10,000.
RIOT – Similar to MARA but perfer MARA more now. $3 is probably trigger here.
UPLCQ – Off bottom Oil name worth a swing for me.
SBFM – Cheapie worth an eye that ran on COVID PR
Nice work on this. I’m in on the MARA and VISL play. Hoping no shinanigans as well. Thanks for taking the time to make these by the way!
Hi, Cody! On CIDM, what do you mean “short into $3.60s”? Look to start short at that level, or wait for higher move to short down into 3.60s?
Thanks a bunch Cody!
Thanks
Thanks!