Boy oh boy DRYS after hours is just too funny. Long’s drinking so much kool-aid I kinda feel sad for em… But business as usual tomorrow.

 

DRYS: Trading in the $2-2.10 range after hours on dividend news. IMO this is total BS. They are bleeding money. This is 100000% to create liquidity to sell more stock in coming days. As you all know I’ve been beating this POS short. I’ve been waiting for a decent bounce to add short into. Tomorrow is looking like the day for that. Using $2.50 level as my guide (praying it gets there). Think once momentum is gone in the morning should fade back <$1.90. Eventually within the next few weeks should announce a reverse split and we get to go through this fun all over again. **A wise man once said Buffet loves dividend stocks 😉 **

HTGM: I avoided this one today. Just something about it felt trappy. The daily shows it doesn’t usually sustain a day 2 move. So I’m looking to get short on any push $3.20s+

LJPC: I am INCREDIBLY proud of myself for avoiding this stock today. Usually these are the ones that I used to get caught short on and be stubborn. Then watch it go higher and higher and ruin a good week or month in one day. I’ve seen it happen so many times that it’s finally starting to stick into my head that there is no edge in setups like that on day 1. Best case scenario we get a push on $37 to get short, but I’m not afraid to short on failed follow through momentum on day 2.

 

JNUG: Holy shit… What a move on gold. Not the best at longs. But def think there is at least 1 opportunity to go long for a rebound tomorrow. Will have it on my side radar as I know DRYS will have most my attention. Ideally wash to $7.50s for a rebound.

 

Recent Blogs:

Conviction + Sizing + Why 90% Of Traders Fail

Q/A Session + Trading Strategy 

Trade Recaps / Q&A Webinar

My Journey to Diversification