Been a few days since I did one of these. Been spending a lot more time with my father and his business so it was a little tough to find time to make these, but will continue to do my best to post one every night!
Nate and Cam are doing a FREE webinar tomorrow night. Should be really really REALLY good! (I’m sure there will be discounted memberships as well so keep an eye out for that)
MAKE SURE TO RESERVE YOUR SPOT: investorsunderground.com/s/aM6OT
DRYS: REALLY ANNOYED with this one. I was VERY confident low $1.00s were coming, but they had a few more tricks up their sleeve than I was expecting. I had covered up EVERYTHING last Friday thinking that the selling was over, but filing this morning showed <$20M to be sold. The selling should be done before the week ends. I pray on my knees that once the selling is finally over they jam this to $3-$4-$5 for the next re short opportunity. You better believe the next offering will be >$200M.
CERU: Decent winner for me today. Had around a $2.55 avg on this. Thought process was gap fill to $2.60s and sit back. Got exactly that. I covered 3/4 today and kept 1/4 on just incase it faded < $2, but it didn’t and I didn’t add….. YET… want to see how this reacts tomorrow. Either failed follow through to add into, or a big push on $3 for a day 3 short.
SNAP: Again, so annoyed at myself. Such an easy short. I was just so focused on other things that I’ve been missing it. I won’t let that happen tomorrow. Will start to short it tomorrow in my swing account for an eventual fade sub $20.
VRX: Bill sold ALL his shares @ $11. IMO this goes to single #’s REAL SOON. Watching any and all pops tomorrow morning for more unwind. (Might even get short some pre mkt to avoid SSR)
DONT FORGET TO SIGN UP FOR THE WEBINAR!! – https://twitter.com/AT09_Trader/status/841364118871429124
Recent Blogs + FREE Webinars:
Setting Stops & Trade Management
Conviction + Sizing + Why 90% Of Traders Fail
