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USAT: Pretty classic story here we’ve seen it a million times where names heading to OTC become superstars for a bit when everyone thinks it’s the easiest short of all time, it’s a perfect time to prop it up and let a short squeeze fuel an exit for the real players who need to get out soon. This story ends poorly of course as they always do, but wouldn’t be shocked at all to see one more day of blowing it through 8, and then expecting it to die shortly after that. Any weak open I would avoid short, really anything over 6.50 it’s liable to come back to life. Any gap up/morning shove towards 8.50 would be of high interest to begin the short however. We’ll see what we wake up to.
FRAN: Trying not to lose this one off radar, as it’s still grossly overpriced here. As each day passes more and more people lose interest, and it will be an amazing short swing candidate soon. Would be looking to get short on pops anything under 14.50 tomorrow and looking to let it work for a couple days in a perfect world.
URBN: Probably a pullback day soon now that we’re through recent highs on the daily. Ideally we see a nice blowoff move tomorrow into 29-30 area and look for sellers to step in there in that case, will have my attention anywhere close to 30 for the short trade.
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See you out there!
– D
thank you