On Watch 10/05/21 From Dante

 

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LICY: Congrats if you took any from swing idea couple weeks back in the 7s, big one. As I mentioned before, I believe this one is a very legitimate company and far from finished running. Very easy story to get behind, and simply just makes sense. Watching weak opens again to start adding back to this position, anything near low 10s and I’m a buyer again.

DATS: Hot garbage with CEI if we’ve ever seen it, but that’s no secret. Looking for an open shove that gets met by sellers, and shorting pops from there. Zero interest in getting long.

MXC: Careful sizing here obviously, but I like this one a lot to fade tomorrow. Ideal situation would be a gap up/open shove 20+, and then looking at a 10-1030am fader. Volume going to disappear pretty quick, so the way I’m looking at it would be playing with smaller size (that a buck or two against you won’t get you in too much trouble) and a probable short swing for me, will be nice once it’s forgotten.

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