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CTIC: Perfect today off the morning sub 2 reclaim for a long. Think it was a combination of momo and more importantly shorts that held overnight who were forced to leave. That being said, tomorrow would look to flip back to short bias, in a perfect world we’ll gap up/try 3, and then would be looking to fade from there. But either way if any early push at all, it’ll have my attention for the fade back to 2.
JKS: Right out of the gate we had the sub 40 try that reclaimed, so as warned, good move ignoring and staying away from the short. Pretty much any day this has a weak open, you have to assume it’s probably a trap based on how controlled they’ve kept it all the way up on this recent run. I’ll be interested the day we gap up/open with strength – that’ll be the day to fade it mid morning. 43+ towards 44-45 is ideal for the short trade tomorrow if we can get it. It’s day is coming in the not too distant future.
BBBY: I think this has room to continue north still. This name had VERY heavy short interest and probably drew in even more this afternoon, so that being said I have eyes on it to hold the 18 level, and if it can do that tomorrow early, I like it on dips again. Absolute blowout ++ earnings and still lots stuck short in the name.
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– D
I bought GRAF @24.915 on 9/29. GRAF becomes VLDR and I have 31% lost already. Do you think I can wait to see VLDR any possible up trend? I just join IU member, and this is my first post. Not sure if it is appropriate to ask question like this.