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AMC: Back on radar today. That action all day just screamed of people trying to short it, and them having a constant bid support out there, absorb shorts, swipe, squeeze, repeat all the way from 6s up to almost 8. Hoping to see a very familiar gap up here (over 8 ideally) and then would have eyes on it for the short back down, it really labored all day to gain what it did, so it doesn’t seem like the name really “wants” higher, just having some fun with shorts today. Expecting it to fade back down soon.
ONCY: Just search this ticker on twitter and you’ll see all you need to. A mob of bots just reposting old news, pretty funny. This is absolutely on my short radar, ideally some pops back into the 4s tomorrow and would love to fade it down. This is a serial perennial shitbag with absolutely nothing going for them. Don’t read too much into it – just wait patiently for momentum to stall and will be a very straightforward one to the downside back to 2s.
WKHS: Absolutely game changer news here today. No defending it, now it’s just a game of supply and demand on the way down to single digits. Widely known that they are in deep shit now, so don’t expect the short to be TOO easy (because they never are when it’s obvious), but I’m hopeful they can have a jam day tomorrow back towards high teens, 20 again even would be a dream, and then look for this to fade in a big way in the coming days. The best thing that can happen as a potential WKHS short is to see lots of new runners tomorrow and into the week for others to focus on, and this one will get lost off radar by most and provide some really nice fades.
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See you out there!
-D
Nice discussion these three. Thanks for putting this together Dante.
Thanks Dante
Serial perennial shitbag is my new favourite stock description. Thanks Dante!
Thanks, Great stuff.
Thanks 🙏
Thank you, Dante!
Thanks, really like that WKHS idea.