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AMRN: I did catch some long today off the weak pre open, it came in perfectly into those 11.50s from yesterdays plan, but I didn’t hold nearly long enough. Congrats to those that made it 14+, awesome trader again today both ways. Although we had that big afternoon fade, it still didn’t exactly fall apart, closed green .60c. I’m starting to get the vibe they’re going to keep this in play longer than we think, and I could see it continuing higher when everyone thinks it shouldn’t. That said, I’d look for a similar trade to today, a weak open or weak pre action, and we have that 12.30s spot to go off of as a guide, if that level holds I’m interested in the long idea again on the next higher low. And same as yest, if gap up/open strength, will just avoid. Don’t want to chase long, but not trying to find the top short either.
JAGX: This thing is a total piece of shit and it may very well just collapse tmrw, but if it gaps up or perks back 2+ in the morning, don’t underestimate it’s ability to run everyone over. The volume is certainly there to have a party if they want. In a perfect world it gaps and gets some chat rats on it 2+ and we get another crack in the mid 2s between them and o/n covers. Probably wishful thinking but we’ll see what we wake up to.
NBEV: Like the short trade off low/mid 5s scale in with a 6 o/u stop.
JONE: Watching for open strength and looking to short a failed follow thru move, ideally near 8. If it wants to just collapse, then it can die without me.
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
Thanks for your great scans and comments. I am a new member!
Thanks!!! Great comments makes sense, much better than the one-liners that only the writer knows what they are talking about.