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CCL: Lots with same idea here to short cruises today, so should have expected no less than an all day squeeze with no breathing room last two sessions. Hoping it continues tomorrow 25+ and then the actual short trade can begin. Nothing I want to guess the top on, looking to fade it the day it opens strong, not weak. So that gap up/25+ scenario has to play out for any interest, otherwise avoid will probably be difficult.
RIOT: A sign this is almost over in my opinion – we’ve breached the psychological 10 number, and it’s diverging from bitcoin. Bitcoin was relatively flat today and this thing just kept going up. Very close eyes on it tomorrow for weakness and a short trade, it feels close.
LIZI: Volume just wild today. They let shorts win into close, but I don’t think that’s a good thing (for shorts still in). Any weak open into 4 that holds tomorrow, and I think this will probably be in for a nutty move up. Zero interest shorting anywhere into 4. Would consider it a long try if anything, and then wait for the secondary squeeze ideally 6+ before the real short trade begins. Would not shock me if this thing does just die, but all that volume today would lead me to believe there may be a little bit more fun coming for an exit strategy, so I’m hopeful. We’ll see.
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See you out there!
-D
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