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SNDL: Shorted the absolute dead top here this morning and covered for .40c – terrible lol. But man what a name. I think everyone has flipped script to short now, so what I’d like to see is an open pop that gets people shorting, and if it holds and creates a higher low or two off that, I’d be interested in a long into the afternoon. Other than the crazy HODLers, again I’d imagine most are thinking it continues to fail now after the bloodbath today. Pop towards 3, hold 2.50 and firm up, and then afternoon long back 3+ would be the idea. Not sure it comes to fruition, but that’d be what would get me back in the name. TLRY same idea.
INPX: Looking to short any early strength tomorrow. This is a very weak covid narrative, and not to mention they have endless ATM shares they can dump on the public, and I expect them to do just that in the next few days, back towards 1.50 or lower final resting place.
RIOT: Did I say 35? I meant 45 😉 Absolutely nothings changed here, and once again don’t fix it if it ain’t broke. Lots of ++ bitcoin narratives out there and likely more coming, so expect RIOT to do exactly what it’s been doing in the coming weeks, into the 50s, 60s, who knows. It will go as Bitcoin does, and Bitcoin is looking pretty good these days. I’m a buyer on all RIOT weakness as I have been for the past two weeks.
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See you out there!
-D
THANKS
Thank you, Dante!