On Watch 07/15/20 From Dante

 

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MRNA: I’m “one of those”…I know I know. “If you bet against a vaccine you bet against America!” I am absolutely not betting against a vaccine, just this particular vaccine company – I believe is absolutely full of it. They already have a history of being insanely sketchy, they file Form 4s every few days like it’s their job of insiders and directors who can’t wait to sell stock. This news today was obviously leaked 2 sessions ago when the random volume came in on Friday and then laughably huge yesterday. So if we gap up tomorrow, you’re dealing with a whole bunch of people who have averages from way lower/at the very least in the 60s, waiting to sell off a gap imo. It’s an absolute shit show over there and it smells awful. I’m hoping this gaps up tomorrow, and looking to short it closer to 100. I think today’s PR is nothing more than a flashy headline and the devil is in the details. Very skeptical moving forward.

AAL/UAL/SAVE: These are just moving with the vaccine names, so watch them closely if anything else comes to light on the Moderna stuff tomorrow, like perhaps the data is not what it seems. That will cause these to instantly sell off. So just have them on radar, and pull them up to a) buy if more ++ vaccine talk or b) short if any challenges to the Moderna data.

PRCP: Looking for this one to fade tomorrow. They held those 5.40s pretty good all day but lots bagged here, praying for huge rip etc, and I don’t think it’s coming, so likely unwind most of the day tomorrow. Anything into 6.50 early I’m watching for failed follow through, or if it gaps down I would still consider shorting pops, just with smaller size.

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