On Watch 09/02/20 From Dante

by | Sep 1, 2020

 

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

Curious what it’s like to be a member at Investors Underground? Here’s a tour around the community. 

Also we’re running some really great sales right now if you’ve ever been interested in joining IU – now would be a good time to do it. You can have a look at those options here.

ZM: So so so sick. Tech is just reaching pure INSANITY now. Without sounding too bearish, we are certainly due for some healthy pullback. That said, watching this to ideally push thru 500 in the morning and then fade. Everyone who tried to short the gap up today didn’t really get all that much out of it as far as fades go past the open, so usually that means more pain for them in the morning before the trade works. That’s the scenario I’ll look for, or will ignore.

TSLA: All things considered, this didn’t fade much at all off of a 5 BILLION dollar ATM offering announcement lol. As much as it pains me to say, I feel like this ATM is just the next pawn in the “lets get shorts all hot and bothered. Come on in fellas.” game. Hoping we open flat or lower, do not want to see a gap up for the long thesis. But if any weak open holds tomorrow, we’re likely due for another round of 500+ – will be looking for that.

GOGO: Stupidity here. Higher the better tomorrow early, back through 8 in a perfect world, and looking for this to fail. No reason to head higher anymore.

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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