Check out my audio-blog series, where I narrate all my favorite blog posts for you guys. You can find that here.
Curious what it’s like to be a member at Investors Underground? Here’s a tour around the community.
NAVB: This held surprisingly well most of the day, well not so surprisingly w/ forward looking event. Real easy borrow and could see quite a few still being short overnight w/ the action this afternoon, possibly creating a problem tomorrow or later in the week based on the vol it churned out today. I listened to the CC tonight for a bit and while it wasn’t anything special, it wasn’t atrocious either. I could see them trying to jam it while they’ve got shorts attention still. Float traded fairly thick today even though it’s not large, but you could see at times it was quite thin, and they’d have no problem opening up that spread if they wanted to catch people off guard. Will be watching 1 o/u as the area of interest, if it holds again early tomorrow on a weak open, potential long idea. If early strength, would be watching for a blow thru 1.50+ and reassessing up there for a seller to step in and potentially hit pops if we get some lower highs forming. We’ll see what we wake up to, but not taking this one off radar just yet. Nothing doing at the moment and may not materialize at all, but has that pop potential for sure.
SES: Glad this is back. Watching weak open into 7 to hold for scalp long idea, or early strength over 8.50 for the short idea.
BIMI: Trade with SES plan, should be monkey see monkey do. 4.50 hold & rally back for long scalp or 5.50+ to start thinking short on this one. If you can’t find SES borrows maybe you can find these.
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
0 Comments