You can find a compilation of all Alex and I’s webinars here.
If you’d like to get involved in the community, there’s a Tax-Back sale still going on here.
Also if you haven’t seen yet – I’ve started an Audio-Blog series. I narrate all my favorite blog posts for you guys. You can find that here.
VTVT: Nasty vol today, they sent this one further than I thought, kudos to them. It may not be done either, held well this afternoon. This game ends soon though, it’s a dead end failed drug company with an effective shelf trying to raise money again to start their next inevitable failed drug trial lol. The wonderful life cycle of Smallcap Pharma companies. It’s a beautiful thing. Have to respect the volume nearterm, they may try and jam it one more day, but gravity will win here in the not too distant future. Not gonna put a specific plan on it, will depend what we wake up to & the kind of open vol & action, but I am definitely short biased into Day 3 here.
DCAR: Furious here, had orders sitting out premarket at 2.70 and 2.80, missed fills by pennies. Didn’t want to chase after that, but should have. They were converting all kinds of stock today. All significant pops should be considered good short tries.
CNET: Coming into today after the open dump, I would have said “ok, this is over” but as soon as a stock behaves differently than you expect, you have to argue both sides. That very well could mean more games. I’m cautious here and obviously it’s a short soon, but holding & rebounding today was not a good sign, and they may have some more short term plans for it, I wouldn’t rule out a 4 retest tomorrow or even blow through it mid 4s. If it got up closer to 5, I wouldn’t be able to resist, it’s a short try there for me no question.
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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