[ENDING IN A DAY] If you haven’t seen already Investors Underground is having a pretty good sale on memberships and DVDs. Check it out if you’re on the fence about becoming a member: investorsunderground.com/s/PZZ1J
HTGM: Man oh man talk about a trap. UNREAL! They tricked everyone into thinking it was over @ $3.80s and now were at $6.30s after hours. NO sellers, just shorts covering up. Have to be prepared for anything tomorrow morning. Company is in deep shit financially, but the volume is there and the float is low enough so that doesn’t really matter at this point. I hate to say it, but we might even see $7-$8+ tomorrow if there is no offering early in the day. IMO wayyyyyyyyyyy too many are trapped from 3.80-4 … even 5s … THIS WILL END BAD. But until it does, have to be extremely careful. The best part of this is we will see A TON of sympathy plays in the coming days which will be big $$$$$. Until then… STAY SAFE TOMORROW and DONT BE EARLY. Too many stuck, will need to filter everyone out.
SNAP: Started in some today (and swung it). Starting to get a bit extended. Ideally we get another push tomorrow on todays high and fade back < $22 by the end of next week. Sucker was strong today, but thinking this is just a dead cat bounce .
Recent Blogs + FREE Webinars:
Setting Stops & Trade Management
Conviction + Sizing + Why 90% Of Traders Fail
Thank you for your post Alex, I appreciate the way you break it down and go into what you see and your thoughts for the day.