On Watch 3/27/19 from Dante

 

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HUNT: Proceed with extreme caution, 50-100 share lots are plenty of excitement. Likely comes down like a house of cards tomorrow, especially if it gaps up & open rush. Do NOT chase this long into open imo. Can play around with super small size short if it gaps up and pushes into low 100s, I think that will be it. But as always with these insane thin ones, do not be stubborn, they’ll go much further than you think in both directions. If you’ve got a small account & are working on consistency at the moment, I would just avoid altogether.

DCAR: Just running into the LYFT IPO Friday, weird it made a move already today though 3 days out still. That’s probably not the best sign, and this will fizzle out in a big way back to 4s in the coming week or two. Not sure I’d get aggressive with it tomorrow yet, but I do expect it to fade some tmrw, and then maybe one more squeeze try into Friday and then would like the short a lot more come Monday. All speculation, just the way I think it’s gonna go. Sweet action today though, shorts got steamrolled, perfect trend and they couldn’t even come up for air.

CTRM: Pure silliness on all accounts, looks to just be following the HUNT mania. Would watch these together, if you start to see one losing it, the other probably won’t be too far behind. Same plan idea as HUNT above here. Proceed with caution, really no idea where these will open tomorrow, expect it to get weird & plan would be to fade the open look most likely.

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See you out there!

– D