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FLGC: So sick. Congrats anyone who joined on that idea a couple weeks ago and stored a few away. NOTHING is out of the realm of possibility here when Boustead is involved. If you didn’t take a look at some of their other recent IPO work, they will literally run names 10s of points in a single day without hesitation. They are wild. Doesn’t mean will happen here, but do NOT fight this one. They have grand plans to get off a ton of paper and are highly motivated to exploit shorts. That said, I think it needs to chill out for a day or two and re-trap/ let higher time frame MAs catch up if we’re going to continue, so probably just watching tomorrow for me, if anything I’d be interested in trying a weak open long anything towards low 7s.
INFI: Hoping for a gap up/open shove 3+ tomorrow and would be interested in fading it from there.
SPRT: Liking this one to pivot coming into the psychological 10 area. Im hoping/thinking we get there one way or the other, so either weak open long idea for 10 squeeze out, or gap up/open shove 10 squeeze and look to fade it by mid morning once a lower high is in to risk off of.
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See you out there!
-D
Thanks Dante!