On Watch 2/25/21 From Dante

by | Feb 24, 2021

 

Check out my audio-blog series, where I narrate all my favorite blog posts for you guys. You can find that here. 

Curious what it’s like to be a member at Investors Underground? Here’s a tour around the community. 

Also we’re running some really great sales right now if you’ve ever been interested in joining IU – now would be a good time to do it. You can have a look at those options here.

AMC: I really didn’t think they’d do this again, and I was dead wrong. So, lets have an obligatory discussion on the name everyone will be watching tomorrow. I’m seeing figures quoting as high as 70% short interest here, that is just stupid. If that’s the case, then this may get way out of hand again. I’ll be up early tomorrow for some premarket games they love to play. Obviously long bias anywhere above this 8.50-9 area.

KOSS: Don’t forget just how crazy this one got for a day or two as well. Less watching this one, and it’s WAY smaller than the others (share structure) – so I’m not ruling out another potential absurd move into 50, 80, 100+ again. Eyes on it to do whatever GME AMC doing, and again I just like it due to the very thin share structure, can get out of hand quicker than the others.

SYPR: Think this will fall off everyones radar now that the entire world is bulled up and ready to stare at AMC GME for 16 hours straight. So, 5 and 6 the obvious levels here. In a perfect world we get an open shove above 6 to flush shorts out and then get another nice fader day out of it from there. If that doesn’t materialize, watching to see how it reacts against 5 should it open weak, and if it rejects, I’m looking to go after it on pops with a 5 o/u risk area.

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

4 Comments

  1. Nice

    Reply
  2. Thanks for the watchlist 🙏

    Reply
  3. Thanks Dante, listening to the audio-blogs now, great insights and lessons for new traders…

    Reply
  4. Thank you, Dante!

    Reply

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