Watch List for 01/08/17 from Alex

 

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CNIT: Big big big winner for me on Friday. Wasn’t really interested in playing size on this one (day 1), but the other China stocks were so weak, CNET barely came up for air and the gap on CNIT was already insane for a company w/ no news. After it slammed off $5 nearly every dime there was someone selling hidden and pushing it down. Saw it very clearly on the tape and decided to risk my profits on the morning short and size in to it. Constantly adding to a winner with a plan in my head… and BOOM!! Really happy with it. In  a perfect world we get a gap up and push on $3.00-$3.50 for the re short. IF a weak open washout I will leave it a long. Not looking to chase.

DELT: Looks like the “news” bagged a bunch of longs. Looking for a morning push on $2.50-$3.00 for the short play on this.

CNET: I actually tried the long in the morning $7.90s, but there was no real bid for it. Likely needs a weak open near $6.00 then a quick SSR bounce to $7s … Not looking to short this beast unless its back over $8.00

CCIH: Gonna be shorting all pops tomorrow risk on $4.00 … REALLY pissed I missed the short on this Friday. Massive GIGANTIC stuff move, and then it didnt even show one sign of coming back… shit

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