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BLNK: All the B turds resurfacing…how nice. BLNK, BOXL, BIOC (almost) etc. This BLNK is also on the OG Perennial Shitbag Hall of Fame list. I don’t know what the play is for them but I can absolutely promise you it doesn’t end well. I like it a lot on the short side should they get it into 3 tomorrow, that’s a nice spot on the daily. I’m hoping for a Day 2, but I could see it just dying as well. Pre or open weakness and I’ll ignore, but open shove 2.50+ into 3 area, I’m very interested short.
BOXL: Speaking of OG Perennial Shitbags, we have another. I really thought it was going to die into close there, I still think it does, maybe just some patient shorts from early in the day who had to leave and hold it up. I’m hoping for same scenario as BLNK here, that it can get some momentum higher out of the open, maybe some chats buy it again that’d be absolutely fantastic, and then look short 10am+ closer to 4 in a perfect world. Not sure we get that, and if we don’t and weak pre/open, will ignore this as well and focus on whatever other trash is up pre in the morning.
MBOT: What can you say at this point regarding this name. Money raising black hole. However, the offering today was so small, I don’t quite understand that, my default reaction is that they’re setting up a trap. We failed nicely into close but it didn’t seem too interested in going much below 9. Maybe the bell stopped that, maybe not. I think short bias is pretty high here and if it shows any ability to hold tomorrow on a weak open and reclaim 9+, I think we’re heading higher again. I’m not so interested in chasing short tomorrow, but more so if it’s holding 9, keep an eye on it for a long scalp. No knife catching, and just a trade.
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See you out there!
– D
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