On Watch 1/16/20 from Dante

by | Jan 15, 2020

 

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LJPC: Another good plan today – trend line failed and shorting pops worked well. Once again, same plan tomorrow. Bias now flips from long to short – watch anything into the trend line (9ish) for fails for short bias on pops. Just keep a tight leash on that idea, as you can never count Kevin Tang out. If this gets back over 9 it’s probably going a lot higher than that.

CETX: People are in serious trouble here methinks. The volume that came out a/h doesn’t even come close to justifying the current short interest that got involved today, and a lot of it was momo buyers as well I’m sure. High suspicion this story doesn’t end here, but much higher. Best thing they could do is leave it (appearing) weak tomorrow and Friday and then blow people out of the water early next week on T+2. Watching it on any weakness into the 2.50 area tomorrow, and interested in buying dips for the potential lottery ticket next week.

CRON: Nice one today if you were on board with the 7.60s weak open long idea from last night. Perfect. Continue to be long biased here I think they come for this for a while. Watching 8.20 area tomorrow to hold for another long trade. Only if it holds tomorrow don’t dive in too soon, but I think bigger pic we’re heading higher yet here to double digits. No short interest for me at the moment.

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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