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JDST: This is just incredible now, way overshot. Should come in nicely soon, watching it closely for failed follow through and make sure you join a trend lower, not pick the top. And watch your size, not much volume changing hands. So small/moderate size, patience, and you can get a few bucks out of this pretty easily on the short side soon. Key is to make sure it fails first, don’t be a hero.
ANW: Sadly missed the ss here today, it was on nothing but rehash news and I should have been all over it, but stayed away due to SSR. If it pops back towards 2.50 i’ll be there trying the ss.
MDXG: On permanent death watch now – it’s imminent. Reimbursement rejection from all major healthcare providers more or less spells the end for this name, if it wasn’t clear before, now it’s crystal clear. Short all pops days.
COOL: Will continue to watch this on weakness to buy dips, as it’s in a unique scenario where 75% of the float is short and a known asshole owns the rest of it, so this usually doesn’t end well near term for the shorts. Nothing to chase strength, but interested long on weakness.
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
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