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ZM: Absolutely insane move. With a run up like this, even with good earnings, it’s just really hard to see this continue upward much longer. If I’m long this stock and look at the daily chart into earnings, I’m certainly ready to take some money off the table. Looking for this to move higher tomorrow am and then start to fade off into the afternoon, and expecting lower after e/r. Tons of competition, no real sense of assurance they’ve fixed their security issues, it’s just really hard to see this go on much longer. Very much short bias tomorrow after a hopeful gap up & early jam. All that said, this is NOTHING to jump in front of and add add add…let it set up first and peak out, then try with clear stops ahead of time before entering. Trading this name is all about having a clear plan and impeccable risk management.
ADAP: Getting the feeling this will price pretty good on the offering – we should get that price tomorrow or Wednesday the latest. I am thinking this acts like MRSN if it does price well (10.50-11+) – so check out the MRSN chart after pricing from last week. If it does price well, I am looking to get long on dips for a day or two.
CETX: Higher the better tomorrow and looking for the reshort opportunity. Anything high 2s and I’m interested and will be watching closely.
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See you out there!
– D
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