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What a day!!!!!! Pigs flying everywhere!!!! Unfortunately borrows on all of them were swiped by 9:40am…. VERY annoying. Just goes to show you gotta wake up at 7am and reserve the shares before they run out.
UVXY: My main gainer today. Unreal fade. Market rebounded like a beauty today. The thought process on the trade was that once the healthcare bs was over the market would finally have a reason to rebound. I really believe we can see $16.50 tomorrow if the market even rebounds a little bit. SO main plan will be to short it IF the market continues to rebound, I don’t wanna be a hero and find the top, just want to join the trend.
GBR: Todays low float sympathy play. I had a decent short in the $3s but couldn’t add size like I was praying for because the borrow ran out. Ideally we get a shove on $2.70-$3 to get short into for more unwind. This is a dead duck imo most people will move on to the next best thing in the morning.
HTGM: Looking for more failed follow through momentum tomorrow. No one is gonna care about this by the end next week, but the borrow is getting pretty expensive so we’ll see. Ideally something new comes up like APOP did today so all eyes look at that one instead of this.
SNAP: I got extremely lucky with the morning dump to cover my swing short for a 10 cent loss. I didn’t re attack it all day because it now seems like a crowded short. Will continue to let it extend, but wont take it off watch for the eventual backside fade.
APOP: Ideally the borrow becomes available tomorrow morning. Looking to short any pop for more downside (ideally another runner shows face instead)
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