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CREG: Really REALLY tough to trade this one unless you are scalping the channel. Holding and waiting doesn’t work on this because it jumps 50 cents on air randomly throughout the day. Looking for a day 3 jam near $7.00 for the short play. Wont chase a weak open here because it will likely be a big trap.
XNET: Has earnings on Thursday if I’m not mistaken. I think a lot of people will underestimate how far this is gonna go. Ideally a morning dip < $13.00 for the long trade OR wait for a $15.00 para to $17.50s for the short. Not looking to fight this one. Trades way too thin.
ROKU: This smells exactly like GPRO when it went from $40s to $90s. Looking for a morning wash $31.50s-$32.20s for the long trade. Else I’ll leave it alone. Not interested in shorting a “hot” IPO with a blue sky breakout chart.
SNAP: Terrible e/r from a few days ago. Hasn’t shown ANY signs of life which has be thinking single #s are coming. Looking for all pops risk on $13.50s for the swing short.
MAT: Up MASSIVE Friday a/h because Hasbro said they are looking to acquire them. Traded near $18s last I checked. With 22% of the float short this can be a multi-day mover. Looking for dips near $17.50 to go long or a blowoff into $20 for the short. Should be plenty liquid tomorrow.
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