Webinar Replay w/ Alex: If you haven’t checked it out yet, please watch the webinar I did with Alex, a lot of good info in there for traders of all levels, and some background about my story and who I am. Watch here
There’s also a webinar special sale going on for those interested in getting involved with IU, which you can find here.
NLNK: While no one watching…that’s always where you’ll find the best faders – once everyone moves on to the next shiny object. Some great fades here already, but I think it’s got more to go. Watching all significant pop attempts for a short, with an ultimate landing spot of around $10 here imo.
JUNO: I bought some of this today around $43.30s for a swing idea, ultimately looking for a move up towards $50 over the next few sessions. Pretty high short interest in this name around 25%, and it’s now trying to break higher out of consolidation after the big gap and $40 defended well multiple times. CAR-T has been a hot area of pharma as well, and JUNO is even a possible takeover target based on this. That’s not why I’m in the trade, nor am I saying that will happen, it’s just a potential backburner thought & more possible upside. My main thought is with the high short interest and trying to break higher here out of consolidation, we may get a decent squeeze over the coming days. Looking to scale more on dips if this continues to work, otherwise will cut it flat at this point now with $2 of cushion.
BLDP: Been on one hell of a run from the 2.70s a couple weeks ago. Really no pullbacks, probably not the most healthy action to sustain the gains, and all this run up comes on the back of an Investor conference which was today and tomorrow – ideally this turns into a “sell the news” scenario soon. Today had some unbelievable grinding action & bid propping, so there’s been some big money supporting this – which is nice when it’s running, but once it turns, that “big money” will need to get out as well. So don’t underestimate this run up, or the move down once it turns. Tomorrow should be interesting.
SNAK: Interesting one today..gapped up & held pretty much all gains, that usually means higher short term. So can probably watch this one for a long with a risk on 4 o/u, anywhere above 4 I’d remain bullish, but if 4 snaps on volume I’d flip sides & start looking to short pops.
KONA: Pretty good seller there today into the 4.60s, so I’ll be watching this one tomorrow morning to try and pop towards 4.50 to get short around there.
If you’re not an IU member and would like to become one, there’s still a sale going on here, along with the webinar sale posted at the top. Or if you’d prefer a shorter time commitment to see if you like it, you can go monthly as well here. Shoot me a PM anytime in chat (DGTrading101 is my IU handle) and I’m happy to discuss trade ideas with you.
See you out there!
– D
0 Comments