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XGTI: So happy we got a day 2 move on this junk. Reality is this company is toxic. They usually never hesitate to raise. My plan on this today was to use $2.20 as my guide (see 2/8/17 chart). Bid props all day and then right when he pulled we got the death drop. Trend is broken and looking to add all pops tomorrow morning (highly doubt we get any) for a swing short.
DRYS: Just a picture perfect headache free swing short. I covered all but a tiny tiny piece of it today in the $3.80s. No reason other than the PnL started to add up big and I got a bit too emotional. Reality is they “should’ve” squeezed it today, but it nearly came right back which makes me think this really has NO juice left in it. I might have to add some back tomorrow morning and swing for a $3 test. I wanna milk this stock as long as I can. Gonna write a blog post on this stock soon.
SNAP: Started to come in today with the overall markets too. Reality is the move was likely just a short squeeze and the whistle blower stuff can really hurt the stock if it catches on. Im still short from $20.70 and plan on being patient.
CETX: Watching this for a push on $4.20 tomorrow, fail, and more unwind. Won’t chase weakness.
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