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AMC: The belle of the ball. Looking for big gap up and shove towards 100 for the short idea…crazy to even think I’m typing this right now, but here we are. Any weak opens, wouldn’t think short at all and expect saves/long idea until it stops working.
KODK: “Me too”er with AMC, but the volume tells all – it’s merely an imposter of the real short monster out there. That said, ideally some gap up/open shove through psychological 10 area and then looking for the nice fader idea here. Not too many eyeballs on it so should be good and fairly straightforward.
BBBY: Similar thoughts to AMC – watch for all these insane squeezer names to sort of trade together at this point. Once the head gets cut off AMC, you’ll see the rest of these fall as well most likely. So I’ll look to fade this off a morning gap up/open shove assuming AMC fails as well. The music will stop eventually, just do not under any circumstances find yourself fighting. For me to short any of these things right now, the parameters are 1) be right IMMEDIATELY and working a green trade 2) stop breakeven on all momo short trades. Follow those two rules and you’ll be fine.
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See you out there!
-D
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