On Watch 08/30/18 from Dante

by | Aug 29, 2018

 

Check out my audio-blog series, where I narrate all my favorite blog posts for you guys. You can find that here. 

 

TRXC: Finally got through 5.50. Looking for that to be short lived though, and continue to feel a short anywhere in this area is a solid idea with a 6 o/u risk.

SPHS: Some “good” news and analysts humping it this am, likely all nonsense. Ideally has one more day in it & can get up closer to the daily resistance area 3.80-4 for the short. Don’t think I’d chase this if dumps tmrw, would have to be higher and set up for me, or ignore.

IGC: Pretty classic scenario unfolding here, the Effective S-3 has shorts all worked up and it turned into quite the mess here, this is crowded to the gills. Hoping for a nice blowoff move tomorrow morning towards 2.50 area and like the short into anything mid 2s.

COOL: Been waiting on this one to explode for a few weeks now, simple math game here. The company is total shit, but that’s irrelevant. It’s starting to speed up, there is a known short-killer with a big stake in the name, a massive amount of short interest, and very low liquidity for them to leave. That’s a bad equation if you’re a short. Has potential to really get crazy to upside should a squeeze situation arise. We’re already in one now, but it’s still pretty tame. Likely will need to exhaust again at some point like it did in June. Nothing to chase strength on, but worth a look on dips while it’s in squeeze mode.

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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