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.
BLNK: One of the craziest names of the year so far. Amazing traps both ways, some of the sickest volume I’ve ever seen, just insanity. On a piece of shit, dated charging company, you gotta love it lol. I can’t wait to hear their boards genius
non-dilutive raising plan, that should be a good laugh (it ain’t happening). All that being said though – I’m not even going to pretend like I know what’s going to happen tomorrow, it will be reactive trade based on the open action, but a few clear warnings, if they weren’t clear enough today. NO fighting, this stock is not completely broken until it goes sub 4 imo, so if you get a good short off up at these levels, I’d be looking to take gains quick, it’s just probably easier that way, for now. Remember as long as the crazy volume is around, the crazy traps and crazy action will be there as well. So until this calms down, be smart, and take gains on either side long or short fairly quickly, and can always re-assess if it starts to die a bit and the scales tip& one side gets clearly underwater. This story ends like they all do – gravity will take over, but not until “they” say so.
AMDA: Essentially same idea as BLNK. Anywhere above 3 and with the volume still there, this poses a threat to hold up & trap again. Fine to short or long it, just take gains quickly until the volume calms down and a clear trend forms. I think this one dies a little easier than BLNK does though, just based on the daily, it’s a nice chart for fades and should be met with some selling pressure pretty soon from everyone who’s been bailed out over the past few months of bag-holding.
SNAP: Don’t really think a new CFO does anything for the company. The CFO wasn’t the problem, Spiegel the dictator is the problem, and the fact Wall St is losing patience with this one. They’re bleeding cash with slowing user growth & major headwinds to their ad revenues & pricing pressures along with many other problems there. I’m not going to get into it here, there are a million articles about the Ad problems you can do your own due diligence there, but a new CFO does nothing to this story, so that seems like a temporary stall for an inevitable continuation lower to single digits. The only issue here is that this is not a day trade. If you can’t take some decent size and you can’t swing it for a week or two+, just move on & avoid, it’ll be pretty boring most days.
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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