Solid focus names – all ideas from pre worked out to a tee – the only one that never set up was NITO.
BOXL commentary similar to that of NITO – just not worth it when we had all the others.
XTIA great triple sold most AHs – but really nice from the big picture idea posted today.
FUBO insanity.
I am going to start to warn for anyone who is on a huge run right now. It’s NOT hard to be on a crazy run right now. I know many are. If you’re not, that’s fine. Relax.
But, this is when we are nearing an epic disaster on the short side. It’s a good time to add a max stop. It’s a good time to really make sure you’re not anticipating with size on the short side. When names like FUBO start to go where you can literally trade hundreds of thousands of shares and not move the market a penny — this trickles down to small caps. At some point there will be a false sense of liquidity, people will be sized up like crazy given FUBO type $ volume, they’ll be out sized because they’re on a hot run and we’ll have a LARGE FLOAT act like a small float and destroy people.
Just have your guard up. That’s all I’m saying. It’s not meant to scare anyone — this is when people start to get “loose” and their “starter” is now 50k shares instead of 5k shares, ehhhh it’s okay I’ll give it another few test to see if it fails ….. ut oh … circuit XXL size. etc.
That’s it – that ^ is what separates many.
Main Watches (Likely Trades):
Staying Familiar:
Nate is absolutely right on about shorts such as FUBO. It got me this afternoon but fortunately I had other gains to offset.