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CRON: This seemed to just follow the mkt today, ironically enough. To me, that just says these things have no pulse anymore, don’t forget about them, CRON is worth $3 on a good day, and that is the eventual destination here. I continue to like the swing short and exercise patience and you Will be paid.
AMD: They screwed everyone here this am, most were short bias into today I’d imagine, and it showed based on the open action. That was essentially just a nasty squeeze this am. I’d look for it to follow the mkt at this point. Ideally SPY strength pre/open then fail, and expect AMD to follow in that case, I’d look for the short trade there.
PTI: Perennial shitbag award. Awful story, garbage company, It’s pretty beat down last two days with no pops really, so I’m cautious chasing short here, but looking for a dead cat day to get another short on, back into the 6s would be nice, but we’ll see.
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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