On Watch 04/04/18 from Dante

by | Apr 3, 2018

 

You can find a compilation of all Alex and I’s webinars here. 

There’s also an IU sale still going on for those interested in getting involved with the community, which you can find here.

Also if you haven’t seen yet – I’ve recently started an Audio-Blog series! Where I narrate all my favorite blog posts for you guys. You can find that here. 

 

This is a tough market obviously for small caps, which is my strength. There really is not a ton I am watching o/n lately, a lot of my ideas have been coming in the morning doing my premarket work – hopefully more BPTH’s show up, as the market held today pretty nicely & maybe we can get a little rally going & bring back a couple pigs, we shall see.

LFIN: Same plan as yest, the game is pretty much completely over here outside of the momo buyers & covers, so any big rips like today I’d treat as good short opportunities. Watch your size as this thins up pretty quickly, but it’s a short on all strength until that stops working.

EBIO: Nice volume came in today, this is a perennial shitbag, but also a known multi-day runner, ideally it can get another set of legs tomorrow & I’d be interested in the short around 1.80-2 area.

OSTK: Some relative weakness here today and a little interesting that it had no desire to participate in the afternoon rally. This whole story just smells really bad to me. I personally think Pat Byrne is a little overzealous and this story is falling apart in front of us. I’d love to see a morning push into the mid 33s area, there’s been a steady seller there yesterday & today, if we get that and another fail, I’d look to join pops short from there. This whole name just feels like a completely binary outcome with all the stuff Byrne is dangling out there, like this stock is either worth $100 or $10, and I’m thinking it’s the latter.

 

 

If you’re not an IU member and would like to become one, there’s still a sale going on here. Shoot me a PM anytime in chat (DGTrading101 is my IU handle) and I’m happy to discuss trade ideas with you.

See you out there!

– D

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