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ANY: Approach for tomorrow is to fade the premarket action. If they walk it up pre again, I’ll be salivating to get short at the open. This is massive trash, but always remember that doesn’t mean anything in the immediate, so don’t get stubborn, but I expect this to fall apart in a big way at some point tomorrow. If it opens weak I’ll be disappointed because then we have SSR triggering around 5.90 and that will likely create a mess and stall it for the day, I’ll probably ignore the name entirely if weak open. Pray for an early jam thru 7 and watch closely for the action to weaken from there & hit pops with a defined risk early/mid morning.
MDXG: Lol. This one just won’t go away. Very surprising, but welcomed walk up last two days, trading sketchy, and wouldn’t have it any other way in OTC land. but this dies soon imo, short bias tomorrow, looking for push into 4 area & wait for fail then join pops high 3s with that 4 o/u level as a risk area.
YECO: Not really sure why this woke up on Monday, that was weird. This is MASSIVE trash of epic proportions, I anticipate that next fail sub 6 will be the last time it sees those levels again. I’m not so much interested here in the 6-7 range, this is a case where I’d rather “pay more” and short it lower once it’s sub 6, then it should offer a nice swing ss trade.
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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