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Office construction DONE! Moving equipment in this week and we’ll be up and running by end of the week!
INPX: Really surprised they were never able to pump this one more with how “relevant” their technology is to the pandemic. Held a long position about a year ago thinking it was a sure fire pump target. But here we are up 60% over the last few weeks and they couldn’t even wait till $2 to dump another massive ATM on shareholders, pretty brutal. That said, expecting them to start printing endlessly like they have been for months on end in the past year or two. This is not a terribly exciting one, but it’s one for me where I’m comfortable going after it with size, and once the printer starts going brrrr you’ll see this thing just slowly bleed and bleed for days on end. Thinking that scenario isn’t far away now. Hopefully one more dumb PR release or something that can jam it into $2 and I’d be all over it.
BB: BBrutal for shorts. Absolutely hilarious headline out of the blue about autonomous driving today after close. I am hoping that was designed for us to wake up to an absolute FU gap into mid 20s or higher, and if that’s the case I’ll have a very close eye on it to fail by mid morning and take the quick few buck short scalp. Let’s see what it looks like in the morning. If it opens relatively flat or gaps down, wouldn’t touch it. Anybody’s guess what it does from there – no edge.
EXPR: Held well all day. Running into nice daily resistance here soon 4.50-5 area so watching for that to materialize in the morning. Obviously complete trash here but don’t let that bias have you starting in too early. Wait for it to come to you. If it gaps down it gaps down, but I’m hopeful for an open north of 4.50 into 5+ and then that’s when the edge really gets exciting. Big one coming here soon and then gravity will do it’s job.
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
curiois what hardware/software setup you use? How many monitors , what size? anything to be sure is part of specs? I currently use combo of TD AMERITRADE regular AND the Think or Swim (still getting to know it) I set up account at E TRADE because I understand they have a lot more short shares available. I am mostly long but have shorted some.
Thank you, Dante!