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WWR: We’ll see what it looks like when we wake up, but thinking this has another trick or two up it’s sleeve. Has most certainly attracted every big short seller out there with the pre move today, so watching any weak opens tomorrow to hold into the 12 area, and thinking this is a long still. Not something I’d chase long on any gap up/open shove, but if it plays dead for a little early, keep a close eye for it to catch shorts on their heels again.
PPSI: No reason for that a/h action really, other than very small chat rats trying to rally the troops is my hunch. Don’t see this getting too crazy, ton of sellers today into high 7s, so thinking that’s likely the ceiling. Would be looking to fade any early move into the 7s.
ELSE: Keeping eyes on this tomorrow if any other smallcaps start to go parabolic, people may flock here as well. Thinking any weak opens that get saved this could provide another nice long trade tomorrow as well.
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See you out there!
– D
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