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ZM: So so so sick. Tech is just reaching pure INSANITY now. Without sounding too bearish, we are certainly due for some healthy pullback. That said, watching this to ideally push thru 500 in the morning and then fade. Everyone who tried to short the gap up today didn’t really get all that much out of it as far as fades go past the open, so usually that means more pain for them in the morning before the trade works. That’s the scenario I’ll look for, or will ignore.
TSLA: All things considered, this didn’t fade much at all off of a 5 BILLION dollar ATM offering announcement lol. As much as it pains me to say, I feel like this ATM is just the next pawn in the “lets get shorts all hot and bothered. Come on in fellas.” game. Hoping we open flat or lower, do not want to see a gap up for the long thesis. But if any weak open holds tomorrow, we’re likely due for another round of 500+ – will be looking for that.
GOGO: Stupidity here. Higher the better tomorrow early, back through 8 in a perfect world, and looking for this to fail. No reason to head higher anymore.
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See you out there!
– D
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