Great focus names today
Nice when the thick thick names like RUM LCID PLUG etc. give great opportunities over the stuff like MINM where if you don’t cover it all you minimize in one candle.
Main Watches:
MINM came back AHs nicely – once again as I said today I think maybe tomorrow just chills and then a ton of buy ins by Monday. Could come as soon as tomorrow but I think people forget that just because it trades 40 million shares does not change the float. They create a nice thick trader make people feel good about swinging it short make the float bigger than it is and then make everyone pay. Be careful. Hopefully the walk through was helpful today.
NRBO either going to gap and squeeze out then looking to fade it back or gap down and looking to fade it — thinking shorts never got their exit but probably filtered out through the day. We’ll find out if they stayed short aggressively by the action 945-10AM+
PLUG nice one today – perfect plan. Reactive trade tomorrow – more pre market.
SOFI higher better for unwind
Failed Follow Through:
RUM reactive trade – higher better looking for pressure to join like today
CNXA was a big win and then swiped right back to entry unfortunately — annoying. Ideally .38-.39 stays heavy and then fades. Was a chat pump that swiped it.
NYCB higher better for failed follow through
PTON .10-.20 + for fade red.
Continuation:
AEY watching for possible trap next few days – BK name in the 8-K ideally plays dead and then swipes up and gives a circuit to circuit move back to $1 + no position just watching to see the action for now.
PXLW dips for break out vs $2
FGEN dips vs $2.20
Staying Familiar:
ONMD staying familiar for a possible squeeze? There was 5M into the push to $2 on the 29th and 14M in the descent to the opening. Wouldn’t that have given the shorts an exit? After that the price action was concentrated between 1.36 and 1.52 until today when it was stuck at 1.70. Is the liquidity trap still on the table?
Always possible but already had a good shove the last 2 days so best to wait for it to come back over $1.85-2 to hyper focus on it – if it was going to do it likely would have on those two big pushes we had.