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WKEY: Nasty one today. Hoping to see it gap up even more tomorrow through highs of today and perfect world we get some entires high teens – 20 area tomorrow. Float is so small so absolutely NOTHING to mess with on front side, but this will soon end like all the others, when the infamous “they” are done. This is one where I have no desire to try and catch the top. Once it fails and proves that failure, you’ll still catch a couple bucks, I promise. So sit back, let the impatient do their thing, and then attack. Maybe an afternoon short type idea if it doesn’t completely fall apart right after open.
TKAT: This one is so stupid it hurts. Thank god I had other business to attend to today and wasn’t around at all, or I would have surely taken a papercut or two on the short side once we saw mid 30s. Either way, this is going to absolutely implode, and I’m thinking it’ll be tomorrow. Same approach as WKEY – absolutely nothing to add add to as it may go to 50 before 20, but 20 and below will be the final resting place in the not too distant future. Just keep an eye on it. I recommend a MICRO starter on the name just so you’re involved and playing attention to the action, and then there will be plenty of time to add once the music stops.
EYES: Specifically wanted to depict the 10 day chart, yes it got whacked today, but don’t forget where we came from. While most will have eyes elsewhere on new names, I’ll be watching this again – I think we get a fairly easy trade back to at least 10 with no issues by Monday. Watching for early “scare” try on shorts to fail, and then looking to join on pops from there, could easily see another slow bleed day here, their timeclock is expiring for people who still care about this/want to be long.
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
WKEY. Dude, exactly I’m licking my chops too. It just went from .70 cents to buck fifty. I’m expecting a push to 2 – 2.25 then bleed to 1.50 – 1.70 and then push to 3.00 +. I’m long from .725
Thank you, Dante! Have a great weekend!