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TOPS: The never ending reverse split party rolls on. Hopefully this can see 2 again first tomorrow before they obliterate it back down sub 1 again. Think shorts just got over eager today and it became a crowded trade with everyone knowing the deal. So will be monitoring the a morning squeeze out & entry.
MCRB: Insane squeezer today. Eyeing a pre gap up move 25+ towards 30 and would be interested in the short from there. Weak open down into 19 will avoid until that peaks out. Could see this being a nice bleeder post 10am.
TRVN: Incredibly silly drug. This should give everything back in the coming days. It’s likely pretty crowded right now in swing, so ideally we get an open squeeze move back towards 4 and look for short entries around there, then gravity should take over again.
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
Thank you Dante!