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INO: Reality finally setting in here. They’ve got past the “robust early data” PR, which was their best bullet, maybe one more fluff coming but the inevitability of vaccine being ineffective like the last 20 times they’ve tried in the past 30 years is imminent. Merck in the race now, MRNA all kinds of issues and some safety problems now, the ugly underbelly of just how hard a vaccine is to develop are starting to come out. Beware of whoever is first and loudest in races like these, the market much prefers tortoise’s to hares. J&J or Merck should be there, INO will not. No exact plan here – watching this for any BS morning jams every day from now on for the fade trade. Not worth holding overnight – NOTHING gaps down these days and all of these scam names are liable to issue BS PR’s at any time. Just re-visit them each morning and will provide nice opps all the way down back to single digits.
MARK: Earnings not a huge deal imo, should be bad but this isn’t running on past performance right now, so I don’t expect it to have that big of an impact. Still in scalp mode on this one like we got this morning, look for any early strength to speed up too quickly and grab .20-.30c short would all I’d be looking for until 3.20s break. Could also consider a long tomorrow if they slam this at open to trigger SSR – that’ll likely put it in grind higher mode rest of the day.
GRNQ: Watching any shove back mid-high 2’s for a reshort opportunity on failed follow through once peak & lower high are in to risk off of. Couldn’t get shares today when I wanted them (turned out to be fortunate).
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See you out there!
– D
DGTrading101, marks here. New to IU. I read your comment on MARK. Wondering, are you both, shorting and longing, MARK?
In regards to $MARK, he is saying that 1. he would look for a scalp short. 2. He will look for a morning slam and SSR trigger to go long. I hope that helps. Good luck!
Thanks Abundantstockp1! That helps! Learning the lingo
Thanks Dante
thanks Dante! I always like to hear your thoughts