On Watch 07/13/18 from Dante

by | Jul 12, 2018

 

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. 

 

IZEA: Whacky today…looked dead, and became the zombie of the day, they trapped really well. I still don’t trust this tomorrow, will be a nice ss soon but I’m more inclined to go after it on Monday, not tomorrow. If it gaps up tomorrow am may be worth a morning ss scalp, but I’m thinking it starts to bleed on Monday when it’s forgotten & the new runner du jour pops up.

CNTF: Complete China trash. They’ve been reviving these things after they beat them into the ground though, so I’ve got hopes this may get going again, and would love a trade on it mid 4-4.50 for the ss.

GLMD: This is not a daytrade in my opinion, but it is a really sketchy pharma company who used the “Nash Hype” a few weeks ago riding MDGL VKTX & Friends coattails to release some poor, doctored and massaged data for their ineffective drug that definitely did not achieve statistical significance on the two main primary endpoint goals, although they claimed one did (unlikely). They got off a 75M offering at $15 somehow, and over the last two weeks those buyers were left wondering what the hell they just bought. So this current move is completely manufactured imo to bail out the offering buyers, and Cantor has literally lost their mind to slap a $59 target on this. That analyst should be checked into an insane asylum. Careful of possible games near term as they may try to shove this towards $15 (the offering price) to let some guys out, but this story ends one way, and it’s not anywhere near $59 – my guess would be single digits in a couple weeks.

 

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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