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MYOS: Most bagged here, so watching for typical early cover ramp maybe 2.75-3 area hopefully for a reshort opportunity.
WKHS: This has trouble written all over it yet at this point. With CEO hinting at forward catalyst in 2 weeks, no real need to see this slam back down again. I’d be watching weak opens for longs, any big open ramps for short scalps, but nothing more than scalps right now, don’t see this really falling apart or going crazy for a little while. Even if it gets tigher and range bound for another week or so, still good range here to play with. Potentially one more good upside day tomorrow to get out the last of the stubborn shorts, but once they’re gone, likely gets slower here for a bit.
INO: This is a pretty bad spot for them, they’re really out of tricks in the bag for what info they could possibly throw out there that they a) haven’t said before and b) is statistically significant in any meaningful way. I’m not seeing too much of that happening, so eyeing this on any good pops to continue the short trade until it stops working. Remember final destination here is around $5 when their little game is up, so plenty of fun left in the tank, you didn’t “miss” it yet.
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
Love your insight thoughtful comments on each of your trade plans/ideas…thanks for taking the time by doing so cuz each trade makes much more sense with its own explanation, thanks Fabio