On Watch 06/10/20 From Dante

 

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DGLY: Hoping this can gap up premarket, I’d love an entry in the 6s again before this gets crushed. Although, getting crushed is a tall order these days with the relentless dumb money buying everything under the sun. Weak open will probably avoid as 4.50 was the previous launch spot so don’t want to be shorting into there. Either 6.50 or sub 4.50 for entries.

SRNE: Nice one today. Same plan tomorrow – any early strength I will be looking to fade for more downside. This is the dictionary definition of a SCAM and ends terribly.

IZEA: Inevitable offering here is the feel – they’d be stupid not to after closing it above $2. 1.80 over/under is the area of interest for me. If weak open, I’d like to see that test and fail and look to short pops from there.  Otherwise 2.50+ for a short entry. Would consider swinging partial on this if good padding by close tomorrow due to the fact I’m expecting an offering. Although be aware it’s pretty dangerous to hold anything short overnight right now. Know the risks.

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See you out there!

– D