Watch List for 5/22/17 from Alex

 

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GLYC: Crazy stock on Thursday & Friday. EASY TO BORROW had a bunch of people chasing weakness and covering on pops. Reality is company DOES need to raise, but with everyone and their mom shorting it keeps holding trend. Best case scenario for tomorrow would be that the stock is BLOCKED at some firms so that noobies won’t be chasing it anymore. Will be watching all pops $14 risk for more downside. Has plenty of room to go down, don’t be early. Also, with it being a day 3 move on Monday the long side of the trade seems sketchy to me.

DRYS: Looks like Kalani still has $147M left to sell. Going to continue to short pops until it stops working.

SNAP: Still have a swing short on. Trying to be patient on this one. If it stays sub $20 will continue to add short.

CCCR: Nice move. Looks like breakout / squeeze is coming. I don’t trust it. Will continue to wait and let it extend and hit it when the time is right. Side watch for now.

Recent Blogs + FREE Webinars:

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