OddStockTrader Scan 2/6/2023

by | Feb 5, 2023

AI AI AI quite the moves last week. Not sure how much more momo we get into next week but I would anticipate a few bigger rips and some consolidation this week. Ride the trend as long as it gives. I think this can easily be just the first wave of a MUCH bigger trend this year in many names. AI will change fast and there will be a different story about it what feels like every month in my opinion. Anyways on to the list.

AI – Insane move this entire year. We are due for a parabolic blowoff and I don’t think the momo ends until we get that. It can be $30 or it could be $40 (saw some 40 calls hitting last week) but either way. Let it show you and trade what you see. I think we do get some sort of gap and blow out over $30 tomorrow.

BBAI – Shorts def got twisted here. Will look to take some of the $7.50 calls again on any mid day weakness.

GFAI – Finally a huge ripper day. Could gap either way but I think it depends on AI move.  Hasn’t really had a gap day so if it just opens flat would look to take it off and maybe add back lower.

AITX – Gapper likely and probably big push. I tend to sell these so early, going to just let it work.

AIAD – Insane close. Gapper likely and it ran hard in 2020. They are also working the Naked short seller angle too. Going to trade the trends and just hold what I have for now.

BZFD – I have been forcing the bounce trade long. The 2 washout never came and that is what I have been waiting for. I kept a small swing over but this $2 washout play is really what I want to nail. Will probably take some calls for the week at the open anyways.

MARK – AI name that I hate but I hated VISL and UAVS but they both ended up running hard. Will watch how $2 area reacts.

QBTS – Quantum computer name likely joining the AI sector momo. All related in a sense anyways.

QUBT – Same as above. Possible continued swing.

RGTI – Quantum name. Great first day move.

GETY – My random one for a possible huge AI move at some point. Just gambling with the calls and small long trade.

AVYA – Still on radar in the AI space. the .50 breakout is probably what brings the momo. Waiting and trading actively until that move.

WDLF – Possible AI momo mover.

1 Comment

  1. Thank you

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