On Watch 2/12/19 from Dante

by | Feb 11, 2019

 

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PTI: Perennial shitbag of the day award, some interesting strength today, I’d expect them to put out some fluff PR soon, hopefully tomorrow, and then this should be a good short. They let it stay weak into close today but it didn’t really die, so I’m hoping that’s the plan for tomorrow – trap everyone with a PR or some premarket strength. If this opens weak with light volume, will just ignore. It’s got to heat up and test back 4.50+ into 5 and then will have my attention for the short around there.

SPI: Complete trash. Hoping we get some chat rats on it to shove it back into 4.50ish early and will look to fade it from there.

EA: Sick fader today and more fun with the a/h ramp on Apex Legends numbers. I expect this to have some follow through, be it silly or not. Has to come to me though, ideally weak open into 102 that holds and look to get long with defined risk. If it rips right out of the gate, will be deterred from the long idea and likely just ignore.

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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