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IGC: Not only is the honeymoon over, but this couple has already had their first major fight and filing for divorce. This part is completely over, all pops should be praised as gifts for a re-short. They really like to walk this up on air pre, that seems to me the M.O. most days so they can sell more at the opening bell, so watch for that. I’m fully in the mode that anytime this gaps pre or has an extended move higher, it’s an auto-short until further notice. Belongs under $1, that’s the final destination here.
PTI: Offering news a/h but no pricing, so I expect this to have some skittish shorts maybe pushing it back up tomorrow, which should offer another good short entry ideally. Higher the better, this company is complete and utter trash. I’m hoping for a push back on 8s tmrw for swing entry. I just don’t envision them getting a great pricing in the next day or two.
CRON: Same deal here, there’s still a ton of meat on these weed names that never had any business being up here to begin with, it’s not going to be a straight drop down, but if you have the patience to keep them on radar and fade pops, they should continue to offer good trades for a while. CRON ideally back into 9.50 tmrw for entries or anywhere in the 9s would be awesome. I’m fading all pops on these weed names until it stops working.
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
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