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NBEV: Pretty weak today. Nice job if you got short early, pretty stress free day there. It kind of held this afternoon, maybe we get a nice shove tmrw am back towards 4.50, that’d catch my attention and I like the short around there.
NIO: Something a little off about this to me. Citron long call today and it really didn’t have much follow thru to the upside. I’d assume a good amount got long on his call, so if this fails to stay over 8 tomorrow am, keep an eye on it to bleed back down. I’d like to see it try to get over todays 8.20 high in the morning, and if there’s failed follow thru after that, I’ll be joining short. Not sure I buy into his thesis either, I believe NIO is a pile of shit based on the reading I did on it.
PCG: Nice late a/h spike, love to see that type of action, adds to short conviction for me personally. If there is a real buyer, he’ll be doing it during market hours when he has liquidity to accumulate. The sharp a/h moves do not represent that. Same plan as the other day, will hope for some more float up in pre tomorrow, and watch for sellers to whack it again at open or shortly after open. Monitoring for another short trade, 25-26s would be nice for entries.
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See you out there!
– D
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