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.
And if you enjoyed that, the second webinar is out on replay as well, which you can watch here.
There’s also a special sale going on for those interested in getting involved with IU, which you can find here.
SUPER short list today…only 2 names will have the majority of my attention tomorrow.
INFI: Did not touch this short today. I feel like a broken record, but. I knew this thing was trouble, I warned my trading partners about it all day that I thought it was trouble and to avoid it. Which is all find and good, but…..WHY am I not long? I 100% knew not to get short….which by default means I should be trying long, and I just didn’t do that. My #1 flaw by a mile – need to work on my long game bigtime. Anyway. Adam Feuerstien came out and tweeted about this thing a bunch of times today which jammed it up more than it already was, and it was just a nightmare day for shorts. No extreme problems, but just a slow, painful death grind higher all day. There is really yet to be a blowoff move here imo, so expecting that to come tomorrow. But jeez…61 MILLION shares traded today, again the volume continues to be insane. When we’re dealing with this much vol, honestly – don’t even bother trying to claim you “know what’s coming next” – you don’t. These things can look totally dead and come back to life out of nowhere in a second. Or like RGSE yesterday morning – they can look primed to squeeze and go to the moon, and then get completely stuffed and do nothing but fade off all day. So – I don’t have any “expectations” for this tomorrow…I am short biased, and I will be watching closely – but will not get stubborn. Thinking morning gap up – blowoff move out of the gate on buyer exhaustion type vol – and that will lead me to try the short. If weak open & lower vol – I will completely avoid. That’s likely more trouble brewing. INFI, 38M share float, Cantor ATM looming, these things aren’t supposed to move dollars….but here we are. Stay on your toes.
MNKD: Watching all pops high 5’s for reshort opp again after the recovery day.
Secondary watches: CLSN, ECYT, HMNY, KTOV, AMPE, CASI.
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. I highly recommend getting the DVDs – they truly are where I learned most of what I know, and the most significant piece of education I was able to draw from early on in my trading career. 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