Check out my audio-blog series, where I narrate all my favorite blog posts for you guys. You can find that here.
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LK: Running today on a fake e/r report it appears, and the ole “gotchya” after hours squeeze – fitting for this current market. Ideally some continuation tomorrow premarket and would give this a look again short over 5.
CIDM: Absolutely destroyed this one today, this market is INCREDIBLE. This ran from under $1 to $6 on re-hash news of them adding a BOB ROSS CHANNEL TO ROKU. Process that for a minute lol. People don’t even look or care what this trash is, there’s a whole new breed of completely uneducated money in the market right now and it is truly one of the craziest times I’ve ever seen. Just use one rule: NO holding anything short overnight, you could wake up to one of these at any time. There’s no rhyme or reason to where they’re bringing the volume. On this one tomorrow, would be looking to join any fails against 4 – this has absolutely no reason to be at these levels, and belongs back well underneath 2, which is where it will go sooner rather than later.
XSPA: Same concept as CIDM. Being fueled in after hours trading by people who have no idea what’s going on, and adding even more gasoline on top of that is all the shorts getting squeezed. This recipe brings us to where we are now. I am hoping to see this play out like CIDM did today – more gap tomorrow morning, a shove out of the open, and then massive selling to follow. Not going to speculate on where we’ll be by open, no point in that with how crazy it is out there – but the time I’ll be looking to short this if there is early strength, is probably around 9:45-10am once a top in to risk off of like CIDM today.
Shoot me a message anytime in chat (DGTrading101 is my IU handle) and I’m happy to discuss your trade ideas with you. If you’re not an IU member and would like to become one, you can join us here.
See you out there!
– D
It blows my mind to watch these hopefuls talk in places like ST about how great the run is, how they are getting rich, then SLAM, another GNUS or XSPA bites the dust, and they didn’t lock in. It’s kinda sad.
Hilarious on CIDM hahaha Bob Ross will slay with this happy clouds!!! It’s crazy what drives some people I agree
Thanks Dante! Had to laugh at the Bob Ross channel comment.
Great list and best explanations. Very educational, thanks!!!!
Thank you Dante: always the best explanations with your scans….that helps a lot to understand what is behind an educated plan!!
Dante when it comes to news that a company has already published in the past and after some time they publish again, how do you keep track of it?